Citgo Petroleum Corporation Employees' Benefit Trust

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 731188322 ✦ Tulsa, OK ✦ Designated as a 501(c)(9)

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Overview

What is Citgo Petroleum Corporation Employees' Benefit Trust?

Citgo Petroleum Corporation Employees' Benefit Trust is a nonprofit organization, headquartered in Tulsa, Oklahoma. Their primary mission is to provide essential health and welfare benefits to the employees and retirees of Citgo Petroleum Corporation, along with their dependents. These programs encompass medical, dental, vision, and life insurance services. Through this trust, Citgo's workforce and retirees can access comprehensive coverage to maintain their overall well-being.

Is Citgo Petroleum Corporation Employees' Benefit Trust legitimate?

Citgo Petroleum Corporation Employees' Benefit Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Citgo Petroleum Corporation Employees' Benefit Trust submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $11,754
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

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What is the mission statement of Citgo Petroleum Corporation Employees' Benefit Trust?

The Citgo Petroleum Corporation Employees' Benefit Trust is dedicated to providing health and welfare benefits for the employees and retirees of Citgo Petroleum Corporation. Its mission is to ensure the wellbeing of these individuals by offering medical, dental, vision, and life insurance programs. The trust prioritizes the health and wellness of its beneficiaries, striving to enhance their quality of life through these comprehensive benefits. The programs extend to cover dependents as well, ensuring a holistic approach to healthcare for eligible recipients. The trust's commitment to employee and retiree welfare is unwavering, providing essential benefits and promoting peace of mind.

Who is the CEO of Citgo Petroleum Corporation Employees' Benefit Trust?

Bank Of Oklahoma is the Trustee of Citgo Petroleum Corporation Employees' Benefit Trust.

What is the revenue of Citgo Petroleum Corporation Employees' Benefit Trust?

Citgo Petroleum Corporation Employees' Benefit Trust's revenue in 2022 was $98,130,215.

Who are the executives of Citgo Petroleum Corporation Employees' Benefit Trust and what are their salaries?


There is 1 key member and their salary:


Bank Of Oklahoma Na (Trustee)
  • Compensation: $11,754
  • Related: $0
  • Other: $0
Where can I find the form 990 for Citgo Petroleum Corporation Employees' Benefit Trust?

Citgo Petroleum Corporation Employees' Benefit Trust's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Citgo Petroleum Corporation Employees' Benefit Trust

The Citgo Petroleum Corporation Employees' Benefit Trust is a dedicated organization with a mission to ensure the health and welfare of employees and retirees of Citgo Petroleum Corporation. By providing essential medical, dental, vision, and life insurance programs, the Trust aims to uphold the well-being of these individuals and their dependents. The Trust's commitment extends beyond just offering benefits, as it is dedicated to maintaining the overall health and prosperity of the workforce that contributes to Citgo Petroleum Corporation. With a focus on comprehensive care, the Trust plays a vital role in fostering a healthy and content workforce, ultimately contributing to the success of the corporation.

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Impact




October, 2024

The Citgo Petroleum Corporation Employees' Benefit Trust plays a vital role in enhancing the well-being of employees and retirees of Citgo Petroleum Corporation. By providing essential health and welfare benefits, this trust significantly contributes to the overall quality of life for its members.

The trust’s programs encompass medical, dental, vision, and life insurance, ensuring that employees and their dependents have access to critical healthcare services and support. This comprehensive approach not only addresses immediate health concerns but also fosters long-term wellness, job satisfaction, and employee retention.

Located in Tulsa, Oklahoma, the trust's mission is centered on protecting the health and welfare of its members, which ultimately leads to a more engaged and productive workforce. By prioritizing the needs of employees and retirees, the trust helps cultivate a supportive environment that values employees' contributions and cares for their overall health.




This information is meant to be a general summary of Citgo Petroleum Corporation Employees' Benefit Trust. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$98,130,215 (2022)
Expenses
$84,523,795 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $545,336
  • Program Service Revenue: $97,532,487
  • Gross Receipts: $98,130,215

Assets and Liabilities:

  • Total Assets: $63,234,118
  • Total Liabilities: $0
  • Net Assets: $63,234,118

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

EMPLOYER CONTRIBUTIONS

Revenue

$77,686,493

EMPLOYEE CONTRIBUTIONS

Revenue

$13,062,752

OTHER CONTRIBUTIONS

Revenue

$6,783,242

Organization Details

Founding Year

1983

Principal Officer

Bank Of Oklahoma

Main Address

BOKF NA PO Box 1620, Tulsa, OK, 741011620

NTEE Category

Code: Y40 - Mutual benefit

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