American Gas Association Welfare Benefit Trust

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

EIN: 900001656 ✦ Washington, DC ✦ Designated as a 501(c)(9)

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Overview

What is American Gas Association Welfare Benefit Trust?

The American Gas Association Welfare Benefit Trust is a nonprofit organization situated in Washington D.C. Their primary mission revolves around making premium payments to insurance carriers, ensuring the availability of retirement health and life benefits for their beneficiaries. This commitment to financial support enables retired individuals to access essential medical and life insurance coverage. The trust operates from the address 400 N CAPITOL ST NW, Washington, D.C. 20001.

Is American Gas Association Welfare Benefit Trust legitimate?

American Gas Association Welfare Benefit Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. American Gas Association Welfare Benefit 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of American Gas Association Welfare Benefit Trust?

The American Gas Association Welfare Benefit Trust is dedicated to making payments to insurance carriers, ensuring the availability of retiree health and life insurance benefits. This organization's primary activity involves transferring premiums to insurance providers, thereby securing these crucial benefits for those who have retired from the industry. This commitment allows retirees to maintain their health and financial security during their post-career years.

Who is the CEO of American Gas Association Welfare Benefit Trust?

Megan Dunn is the Trustee of American Gas Association Welfare Benefit Trust.

What is the revenue of American Gas Association Welfare Benefit Trust?

American Gas Association Welfare Benefit Trust's revenue in 2022 was $218,397.

Who are the executives of American Gas Association Welfare Benefit Trust and what are their salaries?


There is 1 key member and their salary:


The Vanguard Group Inc (Trustee)
  • Compensation: $19,639
  • Related: $0
  • Other: $0
Where can I find the form 990 for American Gas Association Welfare Benefit Trust?

American Gas Association Welfare Benefit Trust's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of American Gas Association Welfare Benefit Trust

The American Gas Association Welfare Benefit Trust is an organization that plays a crucial role in providing retirement benefits to its members. Its primary mission revolves around making regular payments to insurance carriers to ensure the availability of health and life insurance benefits for retired individuals. This nonprofit entity is committed to safeguarding the well-being of its retirees by managing and administering these premiums effectively. The trust's activities are centered around facilitating the payment of premiums to insurance carriers, thereby ensuring the continuity of health and life insurance coverage for the retired employees of associated organizations in the gas industry.

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Impact




October, 2024

The American Gas Association Welfare Benefit Trust plays a critical role in supporting the health and well-being of retirees through the payment of premiums to insurance carriers for health and life insurance benefits. By facilitating these payments, the Trust ensures that retirees maintain access to essential healthcare services and financial support during their retirement years.

Located in Washington, DC, the Trust's mission focuses specifically on the welfare of retirees, providing peace of mind and reducing financial burdens associated with healthcare costs. This impact is especially significant for retirees who may face rising medical expenses and need reliable access to health and life insurance coverage. By fulfilling its mission, the Trust fosters a sense of security among retirees, contributing positively to their overall quality of life. The Trust's activities ultimately reflect a commitment to mutual benefit, emphasizing the importance of supporting those who have dedicated their careers to the natural gas industry.




This information is meant to be a general summary of American Gas Association Welfare Benefit 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.

Revenue
$218,397 (2022)
Expenses
$470,054 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $177,903
  • Program Service Revenue: $40,494
  • Gross Receipts: $1,387,244

Assets and Liabilities:

  • Total Assets: $9,332,588
  • Total Liabilities: $0
  • Net Assets: $9,332,588

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Programs

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

EMPLOYEE CONTRIBUTIONS

Revenue

$40,494

Organization Details

Founding Year

2002

Principal Officer

Megan Dunn

Main Address

400 N CAPITOL ST NW, WASHINGTON, DC, 200011511

NTEE Category

Code: Y43 - Mutual benefit

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