Overview
What is Talen Energy Health And Welfare Benefit?
Talen Energy Health and Welfare Benefit is a 501(C)(9) trust, established with the primary purpose of funding and covering the expenses related to retiree medical and life insurance costs. This trust operates as a nonprofit entity, with its administrative base located at C/O THE BNYM, PO Box 535007, Pittsburgh, PA 15253-5007. The trust's mission aligns with providing financial support for the healthcare and insurance needs of retired individuals, ensuring their well-being and security during their post-employment years.
Is Talen Energy Health And Welfare Benefit legitimate?
Talen Energy Health And Welfare Benefit is a legitimate nonprofit organization registered as a 501(c)(9) entity. Talen Energy Health And Welfare Benefit 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: $4,432
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Talen Energy Health And Welfare Benefit?
The Talen Energy Health and Welfare Benefit is a 501(C)(9) trust established with the primary objective of funding and covering the medical and life insurance expenses for its retirees. The trust's mission is centered around providing financial support for these essential health benefits, ensuring that retirees can maintain their well-being post-employment. By managing and financing these costs, the trust aims to alleviate some of the financial burdens associated with retirement, allowing retirees to focus on their health and quality of life.
Who is the CEO of Talen Energy Health And Welfare Benefit?
Unavailable
What is the revenue of Talen Energy Health And Welfare Benefit?
Talen Energy Health And Welfare Benefit's revenue in 2022 was $4,612,340.
Who are the executives of Talen Energy Health And Welfare Benefit and what are their salaries?
There is 1 key member and their salary:
- Compensation: $4,432
- Related: $0
- Other: $0
Where can I find the form 990 for Talen Energy Health And Welfare Benefit?
Talen Energy Health And Welfare Benefit's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Talen Energy Health And Welfare Benefit
Talen Energy Health and Welfare Benefit is a 501(C)(9) trust, established with a mission to fund and cover the medical and life insurance expenses for its retired members. This nonprofit organization is dedicated to providing financial assistance to its retired beneficiaries, ensuring they maintain adequate health and life insurance coverage. By taking on this responsibility, Talen Energy Health and Welfare Benefit demonstrates its commitment to the well-being of its former employees, ensuring they can enjoy their retirement years with peace of mind.
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Impact
October, 2024
Talen Energy Health and Welfare Benefit plays a crucial role in providing financial support for retirees by covering their medical and life insurance costs. This trust operates as a reliable resource for ensuring that retirees have access to essential healthcare and life insurance benefits, contributing to their overall well-being and security in retirement.
By establishing a structured fund specifically for these costs, the organization helps alleviate the financial burden that can come with healthcare expenses in later years. This initiative not only enhances the quality of life for retirees but also underscores the commitment to the welfare of former employees and their families. Additionally, by fostering a community spirit among retired employees, Talen Energy Health and Welfare Benefit strengthens social ties and provides peace of mind knowing that their healthcare and insurance needs are being addressed.
This information is meant to be a general summary of Talen Energy Health And Welfare Benefit. 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: -$37,004
- Program Service Revenue: $4,646,694
- Gross Receipts: $10,321,823
Assets and Liabilities:
- Total Assets: $201,613
- Total Liabilities: $0
- Net Assets: $201,613
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYEE CONTRIBUTIONS
Revenue
$4,646,694
Organization Details
Founding Year
2020
Phone
(412) 234-2242Main Address
C/O THE BNYM PO BOX 535007, PITTSBURGH, PA, 152535007
NTEE Category
Code: Y40 - Mutual benefit
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