Idaho Power Company Voluntary Employees Beneficiary Assoc

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

EIN: 943123118 ✦ Boise, ID ✦ Designated as a 501(c)(9)

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Overview

What is Idaho Power Company Voluntary Employees Beneficiary Assoc?

Idaho Power Company Voluntary Employees Beneficiary Assoc is a nonprofit organization situated in Boise, Idaho. Their primary focus is to extend medical and dental benefits to the employees and retirees of Idaho Power Company, excluding key employees. Through their mission, they aim to enhance the wellbeing of Idaho Power Company's workforce by ensuring access to essential healthcare services.

Is Idaho Power Company Voluntary Employees Beneficiary Assoc legitimate?

Idaho Power Company Voluntary Employees Beneficiary Assoc is a legitimate nonprofit organization registered as a 501(c)(9) entity. Idaho Power Company Voluntary Employees Beneficiary Assoc 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: $41,171
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of Idaho Power Company Voluntary Employees Beneficiary Assoc?

The Idaho Power Company Voluntary Employees Beneficiary Association focuses on extending medical and dental benefits to the employees and retirees of Idaho Power Company, excluding key employees. This organization's primary mission is to ensure the well-being of a significant portion of the company's workforce by providing essential health coverage. By offering medical and dental benefits, the association enables employees and retirees to maintain their overall health and well-being, contributing to their quality of life. The association's commitment to the Idaho Power Company community underlines its dedication to supporting the health and well-being of its members.

What is the revenue of Idaho Power Company Voluntary Employees Beneficiary Assoc?

Idaho Power Company Voluntary Employees Beneficiary Assoc's revenue in 2023 was $35,044,026.

Who are the executives of Idaho Power Company Voluntary Employees Beneficiary Assoc and what are their salaries?

There is 1 key member and their salary:


The Bank Of New York (Trustee)
  • Compensation: $41,171
  • Related: $0
  • Other: $0
Where can I find the form 990 for Idaho Power Company Voluntary Employees Beneficiary Assoc?

Idaho Power Company Voluntary Employees Beneficiary Assoc's most recent form 990 was submitted in 2023 and can be accessed here.

Mission Statement of Idaho Power Company Voluntary Employees Beneficiary Assoc

Idaho Power Company Voluntary Employees Beneficiary Assoc, often referred to as IPVEBA, is a mission-driven organization dedicated to extending medical and dental benefits to the employees and retirees of Idaho Power Company. Excluding key employees from this scope, the association focuses on ensuring the wellbeing of a significant portion of the company's workforce.

IPVEBA's primary goal is to deliver essential healthcare benefits to the employees and retirees of Idaho Power Company. By assuming this responsibility, the organization plays a pivotal role in safeguarding the health and wellness of these individuals. The medical and dental benefits provided by IPVEBA are vital in enabling them to maintain optimal health, fostering a productive workforce and a contented retirement community.

The association's commitment to the Idaho Power Company family extends beyond the provision of benefits. By offering tailored medical and dental coverage, IPVEBA creates a sense of security and stability for its members. This contributes to a stronger sense of loyalty and engagement within the company, ultimately benefiting the organization as a whole. In summary, Idaho Power Company Voluntary Employees Beneficiary Assoc is a compassionate and essential organization that prioritizes the health and wellbeing of its members, ensuring that they are well-equipped to face the challenges that life presents.

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Impact




October, 2024

Idaho Power Company Voluntary Employees Beneficiary Association plays a crucial role in enhancing the well-being of Idaho Power Company employees and retired employees by providing medical and dental benefits. This support helps ensure that employees can access necessary healthcare services, contributing to their overall health and job satisfaction. By covering medical and dental expenses, the organization alleviates financial burdens associated with healthcare, fostering a secure and supportive environment for employees and their families. This focus on employee welfare not only aids in maintaining a healthy workforce but also enhances employee loyalty and morale within the company. The impact of these benefits is significant, as it helps attract and retain qualified personnel, ultimately contributing to the organization's productivity and success.




This information is meant to be a general summary of Idaho Power Company Voluntary Employees Beneficiary Assoc. 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
$35,044,026 (2023)
Expenses
$39,211,527 (2023)
Efficiency

Other financial information:

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

  • Investment Income: $120,553
  • Program Service Revenue: $34,248,689
  • Gross Receipts: $35,044,026

Assets and Liabilities:

  • Total Assets: $28,572,860
  • Total Liabilities: $0
  • Net Assets: $28,572,860

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Programs

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

PLAN CONTRIBUTIONS

Revenue

$34,248,689

Organization Details

Founding Year

1990

Principal Officer

Brian Buckham

NTEE Category

Code: Y20 - Mutual benefit

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