Overview
What is Oklahoma Gas And Electric Company?
The Oklahoma Gas and Electric Company's Employees Medical Trust serves as fraternal beneficiary societies and voluntary employees associations, generating substantial revenues of $20.4 million last year. This nonprofit organization, based on providing medical benefits to its members, operates with dedication to improve the health and well-being of its workforce.
What are the reviews and ratings of this charity?
Oklahoma Gas And Electric Company is not currently rated by Charity Navigator. This lack of a rating stems from the organization's classification, which is not a 501(c)(3) nonprofit according to IRS registration, hence making it ineligible for evaluation under Charity Navigator's traditional methodologies.
Charity Navigator typically evaluates nonprofits using a combination of Accountability & Finance, Impact & Measurement, Culture & Community, and Leadership & Adaptability criteria. However, Oklahoma Gas And Electric Company cannot be assessed this way, highlighting a limitation for those seeking insight into this organization's operations or impact compared to others that meet the 501(c)(3) criteria.
No user reviews are available from GreatNonprofits, which limits the amount of publically shared feedback regarding stakeholder experiences with Oklahoma Gas And Electric Company. As a result, potential donors or stakeholders must consider alternate sources for insights into the organization's effectiveness and community engagement.
This AI summary has been generated from information found on Charity Navigator.
Is Oklahoma Gas And Electric Company legitimate?
Oklahoma Gas And Electric Company is a legitimate nonprofit organization registered as a 501(c)(9) entity. Oklahoma Gas And Electric Company 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: $8,250
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Oklahoma Gas And Electric Company?
The OGE Energy Corp Employees Medical Trust functions as fraternal beneficiary societies and voluntary employees associations. Through these roles, they provide medical benefits to their members. The Trust generated over twenty million dollars in revenues last year. Their primary focus is on delivering healthcare solutions to their members. The Trust generates revenue as a fraternal organization and through voluntary employee associations. Their operations resulted in significant financial gains, allowing them to continue providing essential medical benefits to their members.
Who is the CEO of Oklahoma Gas And Electric Company?
Principal Financial Group is the Principal Officer of Oklahoma Gas And Electric Company.
What is the revenue of Oklahoma Gas And Electric Company?
Oklahoma Gas And Electric Company's revenue in 2022 was $23,964,826.
Who are the executives of Oklahoma Gas And Electric Company and what are their salaries?
There is 1 key member and their salary:
- Compensation: $8,250
- Related: $0
- Other: $0
Where can I find the form 990 for Oklahoma Gas And Electric Company?
Oklahoma Gas And Electric Company's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Oklahoma Gas And Electric Company
Oklahoma Gas and Electric Company's (OGE) mission is centered around providing medical benefits to its members. The OGE Energy Corp Employees Medical Trust functions as both fraternal beneficiary societies and voluntary employees associations, generating significant revenue of $20,429,557 last year.
In operation, the Medical Trust of OGE serves its members by generating substantial revenues, which enables it to provide essential medical benefits. The trust's activities stem from the collective efforts of its fraternal and voluntary nature, working together to improve the health and wellbeing of those it serves.
The OGE Energy Corp Employees Medical Trust is an integral part of the organization, bringing together individuals and providing them with a platform to pool resources and access medical benefits. The trust's success is evident in its substantial revenue generation, demonstrating its ability to effectively support its members' medical needs.
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Impact
October, 2024
Oklahoma Gas and Electric Company plays a significant role in providing medical benefits to its members through the OGE Energy Corp Employees Medical Trust. This organization operates as a fraternal beneficiary society and a voluntary employees association, focusing on enhancing the financial security and health of its members. In the last year, the trust generated substantial revenue of $20,429,557, illustrating its impact and reach within the community. By prioritizing member well-being, Oklahoma Gas and Electric Company contributes not only to individual health outcomes but also promotes a culture of support and mutual benefit among its members. This focus allows for improved quality of life and fosters a strong sense of community engagement in Des Moines, Iowa, and beyond.
This information is meant to be a general summary of Oklahoma Gas And Electric Company. 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $1,592
- Program Service Revenue: $23,960,234
- Gross Receipts: $23,964,826
Assets and Liabilities:
- Total Assets: $54,655
- Total Liabilities: $0
- Net Assets: $54,655
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PLAN SPONSOR CONTRIBUTIONS
Revenue
$23,960,234
Organization Details
Founding Year
1998
Phone
(602) 562-0883Principal Officer
Principal Financial Group
Main Address
PO BOX 10316, DES MOINES, IA, 50306
NTEE Category
Code: Y40 - Mutual benefit
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