Overview
What is Life Insurance Veba Of Southern California Edison Company?
Life Insurance Veba of Southern California Edison Company is a nonprofit organization established to provide post-retirement life insurance benefits to its members. This group primarily comprises management, administrative, and collectively bargained employees of Southern California Edison. During the year, they paid out $1,392,762 in life insurance premiums for their members. The organization's primary objective is to ensure financial security and peace of mind for its members in their retirement years.
Is Life Insurance Veba Of Southern California Edison Company legitimate?
Life Insurance Veba Of Southern California Edison Company is a legitimate nonprofit organization registered as a 501(c)(9) entity. Life Insurance Veba Of Southern California Edison Company 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: $6,962
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Life Insurance Veba Of Southern California Edison Company?
The Life Insurance Veba of Southern California Edison Company was established with the objective of providing post-retirement life insurance benefits to its members, primarily consisting of management, administrative, and collectively bargained employees of Southern California Edison. The organization's primary mission during the year was to pay out $1,392,762 in life insurance premiums for its members, ensuring financial security for them in their retirement years. This voluntary employees' beneficiary association (VEBA) was set up to provide these crucial benefits to its members, thereby contributing to their overall well-being and peace of mind.
Who is the CEO of Life Insurance Veba Of Southern California Edison Company?
Andrea Wood is the Trustee of Life Insurance Veba Of Southern California Edison Company.
What is the revenue of Life Insurance Veba Of Southern California Edison Company?
Life Insurance Veba Of Southern California Edison Company's revenue in 2022 was $461,230.
Who are the executives of Life Insurance Veba Of Southern California Edison Company and what are their salaries?
There is 1 key member and their salary:
- Compensation: $0
- Related: $0
- Other: $6,962
Where can I find the form 990 for Life Insurance Veba Of Southern California Edison Company?
Life Insurance Veba Of Southern California Edison Company's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Life Insurance Veba Of Southern California Edison Company
Life Insurance Veba of Southern California Edison Company was established with a mission to offer post-retirement life insurance benefits to its members. These members primarily consist of management, administrative, and collectively bargained employees of Southern California Edison. The organization's primary goal is to ensure financial security for its members in their retirement years, providing them with peace of mind and a sense of financial stability. The organization achieves this mission by managing and paying life insurance premiums on behalf of its members, ensuring they continue to receive coverage even after their retirement. During the year, the organization successfully paid out $1,392,762 in life insurance premiums for its members, demonstrating its commitment to fulfilling its mission.
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Impact
October, 2024
The Life Insurance VEBA of Southern California Edison Company plays a crucial role in supporting its members by providing post-retirement life insurance benefits. This organization ensures that management, administrative, and collectively bargained employees of Southern California Edison have access to essential life insurance coverage after retirement.
In a recent year, the VEBA made significant financial commitments, amounting to $1,392,762 in life insurance premiums for its members. This level of financial support demonstrates the organization’s dedication to enhancing the financial security and peace of mind of its members, allowing them to focus on their retirement without undue concern about life insurance costs.
By fulfilling its mission, the VEBA contributes to a more stable and supportive retirement environment for employees, promoting well-being and mutual benefit among its members in Rosemead, California.
This information is meant to be a general summary of Life Insurance Veba Of Southern California Edison Company. 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: $375,858
- Gross Receipts: $1,504,749
Assets and Liabilities:
- Total Assets: $11,945,991
- Total Liabilities: $0
- Net Assets: $11,945,991
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Organization Details
Founding Year
1991
Phone
(626) 302-2627Principal Officer
Andrea Wood
Main Address
2244 WALNUT GROVE AVENUE QUAD 2B, ROSEMEAD, CA, 917703714
NTEE Category
Code: Y40 - Mutual benefit
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