Overview
What is Xcel Energy Inc Veba For Retired Employees?
Xcel Energy Veba for Retired Employees is a Minneapolis-based organization dedicated to providing health and welfare benefits to the retired employees of Xcel Energy Inc. and its subsidiaries. Their primary mission is to ensure the financial support for essential services and programs that prioritize the well-being of retired workers. The organization offers various benefits to its members, making a significant impact on their lives post-employment.
Is Xcel Energy Inc Veba For Retired Employees legitimate?
Xcel Energy Inc Veba For Retired Employees is a legitimate nonprofit organization registered as a 501(c)(9) entity. Xcel Energy Inc Veba For Retired Employees 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: $850,159
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Xcel Energy Inc Veba For Retired Employees?
Xcel Energy Inc's Veba for Retired Employees is dedicated to ensuring the well-being of retired employees from the organization and its subsidiaries. Through this program, retirees receive health and welfare benefits. The mission of Xcel Energy Inc's Veba for Retired Employees is to provide essential benefits to enhance the quality of life for its members. By offering these benefits, the organization aims to demonstrate its commitment to its retired workforce. The programs cover various aspects of health and well-being, ensuring a comprehensive support system for retirees. Overall, Xcel Energy Inc's Veba for Retired Employees plays a vital role in maintaining the financial and emotional security of its retirees.
Who is the CEO of Xcel Energy Inc Veba For Retired Employees?
Peter Mathieson is the Trustee of Xcel Energy Inc Veba For Retired Employees.
What is the revenue of Xcel Energy Inc Veba For Retired Employees?
Xcel Energy Inc Veba For Retired Employees's revenue in 2021 was $63,575,592.
Who are the executives of Xcel Energy Inc Veba For Retired Employees and what are their salaries?
There is 1 key member and their salary:
- Compensation: $850,159
- Related: $0
- Other: $0
Where can I find the form 990 for Xcel Energy Inc Veba For Retired Employees?
Xcel Energy Inc Veba For Retired Employees's most recent form 990 was submitted in 2021 and can be accessed here.
Mission Statement of Xcel Energy Inc Veba For Retired Employees
Xcel Energy Veba For Retired Employees is a mission-driven organization dedicated to providing health and welfare benefits to the retired employees of Xcel Energy Inc. and its subsidiaries. In simple terms, it ensures the financial security and well-being of the elderly workforce by managing and disbursing the necessary benefits.
The primary focus of Xcel Energy Veba For Retired Employees lies in the payment of health and welfare benefits for its members. This nonprofit organization takes pride in upholding its commitment to its retirees, who have contributed significantly to Xcel Energy Inc. and its subsidiaries throughout their careers. By providing these essential benefits, the organization demonstrates its appreciation and dedication to the well-being of its retired personnel.
Additionally, Xcel Energy Veba For Retired Employees plays a crucial role in maintaining the health and overall well-being of its members. The organization's mission extends beyond mere financial support, as it aims to promote the physical and emotional well-being of the retirees. By managing and overseeing the payment of health and welfare benefits, Xcel Energy Veba For Retired Employees contributes to the peace of mind and security of its members during their retirement years.
Through its unwavering dedication and commitment, Xcel Energy Veba For Retired Employees has become a trusted and valuable resource for the elderly workforce of Xcel Energy Inc. and its subsidiaries. It represents a testament to the company's responsibility towards its retirees and the importance of ensuring their well-being and financial security during their post-career years.
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Impact
October, 2024
Xcel Energy Inc Veba For Retired Employees plays a significant role in supporting the health and welfare of retired employees from Xcel Energy Inc. and its subsidiaries. By providing financial assistance for health-related costs, this organization helps ensure that retirees can access necessary medical services and maintain their quality of life post-employment. The benefits offered contribute to the overall wellbeing of former employees, allowing them to navigate retirement with greater security and peace of mind. Located in Minneapolis, MN, the organization is dedicated to fulfilling its mission to safeguard the health benefits that retirees depend on, thereby fostering a sense of community and mutual support among its members. The impact extends beyond financial assistance; it enhances the dignity and stability of retired workers who have contributed to the company's success throughout their careers.
This information is meant to be a general summary of Xcel Energy Inc Veba For Retired Employees. 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 2021.
- Investment Income: $13,902,357
- Program Service Revenue: $18,624,143
- Gross Receipts: $63,575,592
Assets and Liabilities:
- Total Assets: $445,588,798
- Total Liabilities: $142,367
- Net Assets: $445,446,431
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTIONS
Revenue
$18,624,143
Organization Details
Founding Year
1993
Phone
(612) 330-5500Principal Officer
Peter Mathieson
Main Address
414 Nicollet Mall, Minneapolis, MN, 55401
NTEE Category
Code: Y43 - Mutual benefit
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