Overview
What is Public Service Enterprise Group?
Public Service Enterprise Group is a corporation that establishes a vehicle for charitable contributions. Specifically, it contributes funds to a Voluntary Employees' Beneficiary Association (VEBA) trust. This trust serves as a financial resource for providing various welfare benefits to eligible employees and their beneficiaries. These benefits can include coverage for life, sickness, accidents, and other incidents. The company's contribution to the trust allows it to support its workforce during challenging times, demonstrating its commitment to employee well-being.
Is Public Service Enterprise Group legitimate?
Public Service Enterprise Group is a legitimate nonprofit organization registered as a 501(c)(9) entity. Public Service Enterprise Group 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: $14,500
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Public Service Enterprise Group?
The Public Service Enterprise Group has a mission to establish a vehicle for contributing funds to a VEBA Trust. This trust is utilized to provide various benefits, such as life, sickness, accident, or other forms of financial assistance, to the company's employees or their beneficiaries. In essence, the company's mission is to ensure the well-being of its employees by providing necessary welfare benefits through the VEBA Trust.
Who is the CEO of Public Service Enterprise Group?
Bank Of New York Mellon is the Principal Officer of Public Service Enterprise Group.
What is the revenue of Public Service Enterprise Group?
Public Service Enterprise Group's revenue in 2022 was $197,424.
Who are the executives of Public Service Enterprise Group and what are their salaries?
There is 1 key member and their salary:
- Compensation: $14,500
- Related: $0
- Other: $0
Where can I find the form 990 for Public Service Enterprise Group?
Public Service Enterprise Group's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Public Service Enterprise Group
Public Service Enterprise Group, as stated in the provided information, serves a unique purpose by providing a means to contribute funds to a VEBA Trust. This trust, in turn, is utilized to ensure the payment of various benefits, including life, sickness, accident, and other forms of support, to eligible employees or their beneficiaries. In essence, the company's mission is to ensure the well-being of its employees beyond their employment, providing a safety net through the VEBA Trust. By doing so, Public Service Enterprise Group demonstrates its commitment to the overall well-being and welfare of its workforce.
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Impact
October, 2024
Public Service Enterprise Group plays a critical role in the well-being of its workforce by managing contributions to the Voluntary Employees' Beneficiary Association (VEBA) Trust. This initiative ensures that funds are available for the payment of various benefits, including life insurance, sickness, and accident coverage. By providing these welfare benefits, the organization enhances the financial security and health support for eligible employees and their beneficiaries. This commitment not only fosters a supportive work environment but also reflects a strong investment in the overall welfare of its workforce in Pittsburgh, PA.
This information is meant to be a general summary of Public Service Enterprise Group. 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: $197,424
- Gross Receipts: $275,646
Assets and Liabilities:
- Total Assets: $11,904,630
- Total Liabilities: $0
- Net Assets: $11,904,630
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Organization Details
Founding Year
2019
Phone
(412) 234-2242Principal Officer
Bank Of New York Mellon
Main Address
C/O THE BNYM PO BOX 535007, PITTSBURGH, PA, 152535007
NTEE Category
Code: Y24 - Mutual benefit
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