Post-Retirement Life Insurance Trust Of El Paso Electric Company

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

EIN: 845110634 ✦ El paso, TX ✦ Designated as a 501(c)(9)

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Overview

What is Post-Retirement Life Insurance Trust Of El Paso Electric Company?

Post-Retirement Life Insurance Trust of El Paso Electric Company is a dedicated entity that manages the Post Retirement Life Insurance plan. Its primary role is to provide post-retirement life insurance benefits to collectively bargained and non-collectively bargained retirees, as well as disabled employees and active employees who may have unfortunately passed away, within the context of El Paso Electric Company. The trust ensures the continuity of insurance coverage for these individuals, offering a sense of security in their post-employment phase.

Is Post-Retirement Life Insurance Trust Of El Paso Electric Company legitimate?

Post-Retirement Life Insurance Trust Of El Paso Electric Company is a legitimate nonprofit organization registered as a 501(c)(9) entity. Post-Retirement Life Insurance Trust Of El Paso 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: $4,487
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of Post-Retirement Life Insurance Trust Of El Paso Electric Company?

The Post-Retirement Life Insurance Trust of El Paso Electric Company is dedicated to managing the Post Retirement Life Insurance plan. This trust ensures the provision of post-retirement life insurance benefits for both collectively bargained and non-collectively bargained retirees, as well as disabled employees and active employees who may have passed away. The primary objective of this trust is to fulfill its commitment to these individuals, offering them the necessary support during their post-retirement phase.

Who is the CEO of Post-Retirement Life Insurance Trust Of El Paso Electric Company?

Victor Rueda is the Principal Officer of Post-Retirement Life Insurance Trust Of El Paso Electric Company.

What is the revenue of Post-Retirement Life Insurance Trust Of El Paso Electric Company?

Post-Retirement Life Insurance Trust Of El Paso Electric Company's revenue in 2022 was $139,271.

Who are the executives of Post-Retirement Life Insurance Trust Of El Paso Electric Company and what are their salaries?


Here are 2 key members and their salaries:


Principal Trust Company (N/A)
  • Compensation: $3,350
  • Related: $0
  • Other: $3,350
Wells Fargo Bank Na (N/A)
  • Compensation: $1,137
  • Related: $0
  • Other: $1,137
Where can I find the form 990 for Post-Retirement Life Insurance Trust Of El Paso Electric Company?

Post-Retirement Life Insurance Trust Of El Paso Electric Company's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Post-Retirement Life Insurance Trust Of El Paso Electric Company

Post-Retirement Life Insurance Trust of El Paso Electric Company, in its mission, oversees the Post Retirement Life Insurance plan. This trust is committed to providing post-retirement life insurance benefits to three distinct groups: collectively bargained retirees, non-collectively bargained retirees, and active employees who may have unfortunately passed away. The trust serves as a safety net for these individuals, ensuring they receive the necessary support during their post-retirement years. By administering this plan, the Post-Retirement Life Insurance Trust of El Paso Electric Company plays a significant role in securing financial stability and peace of mind for its beneficiaries.

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Impact




October, 2024

The Post-Retirement Life Insurance Trust Of El Paso Electric Company plays a critical role in providing financial security for retirees and their families. By administering the Post Retirement Life Insurance plan, the Trust ensures that both collectively bargained and non-collectively bargained retirees, as well as disabled employees and the families of active employees who may have passed away, receive vital life insurance benefits.

This support enhances the well-being of its beneficiaries in El Paso, Texas, offering peace of mind during a significant life transition. The Trust's commitment to fulfilling post-retirement life insurance benefits helps members manage their financial responsibilities, contributing to their overall quality of life after retirement. By safeguarding these benefits, the Trust not only honors the contributions of past employees but also strengthens community ties, providing a safety net that supports the values of mutual benefit and care.




This information is meant to be a general summary of Post-Retirement Life Insurance Trust Of El Paso 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.

Revenue
$139,271 (2022)
Expenses
$207,682 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $1,794
  • Program Service Revenue: $37,101
  • Gross Receipts: $139,271

Assets and Liabilities:

  • Total Assets: $7,206,701
  • Total Liabilities: $7,300
  • Net Assets: $7,199,401

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Programs

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

EMPLOYER CONTRIBUTION: BENEFITS

Revenue

$37,101

Organization Details

Founding Year

2020

Principal Officer

Victor Rueda

Main Address

PO BOX 982 LOC 165, EL PASO, TX, 799600001

NTEE Category

Code: Y43 - Mutual benefit

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