Alpha Natural Resources Non-Union Retiree Veba Trust

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

EIN: 816676371 ✦ Abingdon, VA ✦ Designated as a 501(c)(9)

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Overview

What is Alpha Natural Resources Non-Union Retiree Veba Trust?

Alpha Natural Resources Non-Union Retiree Veba Trust is a nonprofit organization, specifically established to grant VEBA benefits to eligible beneficiaries. This is achieved by establishing a Health Reimbursement Arrangement, as per Section 105 of the Internal Revenue Code (IRC). The trust's primary mission is to reimburse qualifying healthcare expenses incurred by these beneficiaries. The trust's headquarters is located at PO Box 1291, Abingdon, Virginia.

Is Alpha Natural Resources Non-Union Retiree Veba Trust legitimate?

Alpha Natural Resources Non-Union Retiree Veba Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Alpha Natural Resources Non-Union Retiree Veba 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of Alpha Natural Resources Non-Union Retiree Veba Trust?

The Alpha Natural Resources Non-Union Retiree Veba Trust was established with a mission to provide VEBAs (Voluntary Employees' Beneficiary Associations) benefits to eligible beneficiaries. This is achieved by establishing a Health Reimbursement Arrangement, allowing for the reimbursement of qualifying healthcare expenses incurred by these beneficiaries, in accordance with Section 105 of the Internal Revenue Code. The trust serves as a financial resource, providing financial assistance to eligible retirees for their healthcare needs.

Who is the CEO of Alpha Natural Resources Non-Union Retiree Veba Trust?

Eddie Neely is the Trustee of Alpha Natural Resources Non-Union Retiree Veba Trust.

What is the revenue of Alpha Natural Resources Non-Union Retiree Veba Trust?

Alpha Natural Resources Non-Union Retiree Veba Trust's revenue in 2022 was -$501,468.

Who are the executives of Alpha Natural Resources Non-Union Retiree Veba Trust and what are their salaries?


Here are 4 key members and their salaries:


Eddie Neely (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Randy Mcmillion (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kurt Kost (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mike Brown (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Alpha Natural Resources Non-Union Retiree Veba Trust?

Alpha Natural Resources Non-Union Retiree Veba Trust's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Alpha Natural Resources Non-Union Retiree Veba Trust

Alpha Natural Resources Non-Union Retiree Veba Trust was established with a mission to provide VEBAs (Voluntary Employees' Beneficiary Associations) benefits to eligible beneficiaries. To achieve this, the trust set up a Health Reimbursement Arrangement (HRA). This arrangement allows the trust to reimburse qualified healthcare costs incurred by eligible beneficiaries, in accordance with Section 105 of the Internal Revenue Code (IRC). Essentially, the trust serves as a financial safety net for its beneficiaries, providing them with financial assistance for their healthcare needs. By establishing this HRA, Alpha Natural Resources Non-Union Retiree Veba Trust demonstrates its commitment to supporting the health and wellbeing of its beneficiaries.

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Impact




October, 2024

The Alpha Natural Resources Non-Union Retiree VEBA Trust significantly impacts eligible beneficiaries by providing financial support for their healthcare needs. Established to offer VEBA benefits, the trust facilitates a Health Reimbursement Arrangement (HRA) that allows retirees to receive reimbursement for qualifying health costs. This arrangement helps alleviate the burden of medical expenses for retirees, ensuring they have access to necessary healthcare without incurring excessive out-of-pocket costs. By aligning with Section 105 of the Internal Revenue Code, the trust ensures that these benefits are tax-advantaged, further supporting the financial well-being of retirees in Abingdon, VA, and surrounding areas. Through its mission, the trust fosters mutual benefit among its beneficiaries, contributing to their overall quality of life in retirement.




This information is meant to be a general summary of Alpha Natural Resources Non-Union Retiree Veba 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
-$501,468 (2022)
Expenses
$1,498,327 (2022)
Efficiency

Other financial information:

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

  • Investment Income: -$501,468
  • Gross Receipts: $3,957,864

Assets and Liabilities:

  • Total Assets: $3,843,600
  • Total Liabilities: $1,738
  • Net Assets: $3,841,862

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Organization Details

Founding Year

2016

Principal Officer

Eddie Neely

Main Address

PO BOX 1291, ABINGDON, VA, 24212

NTEE Category

Code: Y43 - Mutual benefit

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