Intermountain Power Salaried Veba

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

EIN: 850834742 ✦ Des moines, IA ✦ Designated as a 501(c)(9)

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Overview

What is Intermountain Power Salaried Veba?

Intermountain Power Salaried Veba is a nonprofit organization situated in Des Moines, Iowa. Its primary mission is to offer medical, dental, and life insurance benefits to the employees or former employees of Intermountain Power Service Corporation. This nonprofit entity aims to support the well-being of its members by providing essential insurance coverage, ensuring their financial security and peace of mind.

Is Intermountain Power Salaried Veba legitimate?

Intermountain Power Salaried Veba is a legitimate nonprofit organization registered as a 501(c)(9) entity. Intermountain Power Salaried Veba 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: $62,527
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of Intermountain Power Salaried Veba?

The organization, Intermountain Power Salaried Veba, is committed to providing medical, dental, and life insurance benefits for the employees and former employees of the Intermountain Power Service Corporation. This mission is aimed at ensuring the well-being and financial security of these individuals, offering them essential coverage during their employment and beyond. The organization's activities primarily revolve around administering these insurance benefits, providing a safety net for its beneficiaries in case of health-related incidents or unforeseen circumstances. The organization's focus is on maintaining the health and financial stability of its beneficiaries, serving as a crucial support system in their lives.

Who is the CEO of Intermountain Power Salaried Veba?

Principal Bank - Pcs Tax is the Trustee of Intermountain Power Salaried Veba.

What is the revenue of Intermountain Power Salaried Veba?

Intermountain Power Salaried Veba's revenue in 2023 was $369,288.

Who are the executives of Intermountain Power Salaried Veba and what are their salaries?


There is 1 key member and their salary:


Principal Bank - Pcs Tax (Trustee)
  • Compensation: $62,527
  • Related: $0
  • Other: $0
Where can I find the form 990 for Intermountain Power Salaried Veba?

Intermountain Power Salaried Veba's most recent form 990 was submitted in 2023 and can be accessed here.

Mission Statement of Intermountain Power Salaried Veba

Intermountain Power Salaried Veba, as a nonprofit organization, is dedicated to providing medical, dental, and life insurance benefits to the employees and former employees of the Intermountain Power Service Corporation. The mission of this organization is centered around extending essential health and financial security to the workforce associated with Intermountain Power, ensuring they have access to vital healthcare services and financial assistance in times of need. By offering comprehensive insurance benefits, Intermountain Power Salaried Veba plays a significant role in supporting the well-being and peace of mind of its beneficiaries.

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Impact




October, 2024

Intermountain Power Salaried VEBA provides essential medical, dental, and life insurance benefits to employees and former employees of the Intermountain Power Service Corporation. By offering these benefits, it plays a crucial role in supporting the health and wellbeing of its members, ensuring they have access to necessary medical care and financial security in times of need. This support can enhance overall employee satisfaction and retention, while also fostering a sense of community among current and former staff. Such benefits contribute to a stable and motivated workforce, which in turn can positively impact the overall efficiency and productivity of the organization.




This information is meant to be a general summary of Intermountain Power Salaried Veba. 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
$369,288 (2023)
Expenses
$1,600,095 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $240,247
  • Program Service Revenue: $125,161
  • Gross Receipts: $369,288

Assets and Liabilities:

  • Total Assets: $15,193,602
  • Total Liabilities: $0
  • Net Assets: $15,193,602

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Programs

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

BENEFIT PAYMENTS

Revenue

$125,161

Organization Details

Founding Year

2020

Principal Officer

Principal Bank - Pcs Tax

Main Address

PO BOX 10316, DES MOINES, IA, 50306

NTEE Category

Code: Y44 - Mutual benefit

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