Overview
What is Talen Energy Salaried Retiree Veba Trust?
Talen Energy Salaried Retiree Veba Trust is a 501(C)(9) trust, situated in Pittsburgh, Pennsylvania. Its primary mission is to fund and manage the expenses related to retiree medical and life insurance. This trust serves as a financial resource for retired employees of Talen Energy, ensuring their continued healthcare coverage post-employment. The trust operates under the oversight of The BNYM, with mail correspondence addressed to a specific PO box. The trust's primary function is to provide financial assistance for these essential retirement benefits.
Is Talen Energy Salaried Retiree Veba Trust legitimate?
Talen Energy Salaried Retiree Veba Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Talen Energy Salaried 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: $1,955
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Talen Energy Salaried Retiree Veba Trust?
The Talen Energy Salaried Retiree Veba Trust is established as a 501(C)(9) entity, with its primary mission being to fund and facilitate the payment of retiree medical and life insurance costs. This trust aims to provide financial security and support for the healthcare and insurance needs of its retired members, ensuring they can maintain their well-being post-retirement. The trust's activities are focused on managing and allocating resources to cover these essential expenses, thereby offering peace of mind and financial stability to its retirees.
Who is the CEO of Talen Energy Salaried Retiree Veba Trust?
Unavailable
What is the revenue of Talen Energy Salaried Retiree Veba Trust?
Talen Energy Salaried Retiree Veba Trust's revenue in 2022 was $1,257,557.
Who are the executives of Talen Energy Salaried Retiree Veba Trust and what are their salaries?
There is 1 key member and their salary:
- Compensation: $1,955
- Related: $0
- Other: $0
Where can I find the form 990 for Talen Energy Salaried Retiree Veba Trust?
Talen Energy Salaried Retiree Veba Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Talen Energy Salaried Retiree Veba Trust
Talen Energy Salaried Retiree Veba Trust is a 501(C)(9) entity, established with a specific mission. This mission revolves around funding and covering the medical and life insurance expenses for its retired members. The trust serves as a financial safety net, ensuring that retired employees of Talen Energy can maintain their health and wellbeing post-retirement, without the burden of hefty medical and insurance costs. By assuming these financial responsibilities, the trust enables its retirees to focus on their post-career pursuits with peace of mind.
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Impact
October, 2024
Talen Energy Salaried Retiree VEBA Trust plays a crucial role in ensuring financial support for retirees by covering their medical and life insurance costs. Established specifically for this purpose, it provides a reliable source of funding that helps retirees manage healthcare expenses and maintain their quality of life after leaving the workforce. Located in Pittsburgh, PA, the Trust emphasizes mutual benefit, fostering a sense of security and community among those who have dedicated their careers to Talen Energy. By addressing the critical needs of retirees, the Trust significantly impacts their well-being and peace of mind during retirement.
This information is meant to be a general summary of Talen Energy Salaried 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $50,790
- Program Service Revenue: $1,017,244
- Gross Receipts: $1,257,557
Assets and Liabilities:
- Total Assets: $3,746,222
- Total Liabilities: $0
- Net Assets: $3,746,222
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYEE CONTRIBUTIONS
Revenue
$1,017,244
Organization Details
Founding Year
2020
Phone
(412) 234-2242Main Address
C/O THE BNYM PO BOX 535007, PITTSBURGH, PA, 152535007
NTEE Category
Code: Y43 - Mutual benefit
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