Overview
What is Pacificorp Welfare Benefit Trust?
The Pacificorp Welfare Benefit Trust, situated in Portland, Oregon, serves as a Voluntary Employees Beneficiary Association (VeBa). This nonprofit organization's primary objective is to offer financial support for life insurance coverage for eligible retired employees. The trust's mission is to provide necessary benefits to its members, ensuring their financial security post-retirement.
Is Pacificorp Welfare Benefit Trust legitimate?
Pacificorp Welfare Benefit Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Pacificorp 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: $4,877
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Pacificorp Welfare Benefit Trust?
The Pacificorp Welfare Benefit Trust, as a Voluntary Employees Beneficiary Association, is dedicated to providing financial support for life insurance coverage for eligible retired employees. Its primary objective is to offer this benefit to its members, contributing to their security and peace of mind in their post-employment years. The trust serves as a vital resource for these retired employees, ensuring they have adequate life insurance coverage.
Who is the CEO of Pacificorp Welfare Benefit Trust?
The Bank Of New York Mellon is the Trustee (See Schedule O) of Pacificorp Welfare Benefit Trust.
What is the revenue of Pacificorp Welfare Benefit Trust?
Pacificorp Welfare Benefit Trust's revenue in 2022 was $3,688,231.
Who are the executives of Pacificorp Welfare Benefit Trust and what are their salaries?
There is 1 key member and their salary:
- Compensation: $4,877
- Related: $0
- Other: $0
Where can I find the form 990 for Pacificorp Welfare Benefit Trust?
Pacificorp Welfare Benefit Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Pacificorp Welfare Benefit Trust
The Pacificorp Welfare Benefit Trust, as a Voluntary Employees Beneficiary Association, is dedicated to providing financial assistance for life insurance coverage to eligible retired employees. This nonprofit organization's mission is centered around ensuring the well-being and security of its retired members by offering them necessary insurance coverage. Through its operations, the trust pays out benefits to its members, upholding its commitment to offering support to its retired employees.
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Impact
October, 2024
The Pacificorp Welfare Benefit Trust plays a crucial role in supporting the financial security of eligible retired employees by providing funding for life insurance coverage. This vital benefit ensures that retirees have a safety net in place, allowing them to focus on enjoying their retirement without the burden of financial uncertainty. By fulfilling this mission, the trust contributes significantly to the well-being of its members, creating peace of mind during a pivotal stage in their lives. The trust’s efforts reinforce a sense of mutual benefit, helping retirees feel valued and cared for after they leave the workforce.
This information is meant to be a general summary of Pacificorp 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $3,072,891
- Program Service Revenue: $610,077
- Gross Receipts: $16,591,338
Assets and Liabilities:
- Total Assets: $48,917,139
- Total Liabilities: $0
- Net Assets: $48,917,139
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYEE CONTRIBUTIONS
Revenue
$610,077
Organization Details
Founding Year
1993
Phone
(412) 234-2242Principal Officer
The Bank Of New York Mellon
Main Address
C/O THE BNYM PO BOX 535007, PITTSBURGH, PA, 152535007
NTEE Category
Code: Y40 - Mutual benefit
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