Overview
What is Southern California Edison Co Veba?
Southern California Edison Co Veba, also known as the Southern California Edison Company Voluntary Employees' Benevolent Association, is a nonprofit organization located at 2244 Walnut Grove Avenue Quad 2B, Rosemead, California, 91770. The primary focus of this association is to provide post-retirement health and welfare benefits to its members, who are exclusively represented employees of a collectively bargained plan. In the fiscal year mentioned in the information, the organization paid out $15,954,806 in health and welfare benefits to its members.
Is Southern California Edison Co Veba legitimate?
Southern California Edison Co Veba is a legitimate nonprofit organization registered as a 501(c)(9) entity. Southern California Edison Co 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: $89,236
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Southern California Edison Co Veba?
Southern California Edison Co Veba is a Voluntary Employees' Benevolent Association dedicated to providing post-retirement health and welfare benefits to its members. The organization exclusively caters to employees who were collectively represented in a bargained plan. Its primary mission is to ensure the well-being of its members in their post-retirement years by offering comprehensive healthcare benefits. During the year, the Veba paid out $15,954,806 in benefits to its members, fulfilling its commitment to their health and welfare. The association continues to work towards enhancing the lives of its members by delivering essential benefits and maintaining a strong sense of community.
Who is the CEO of Southern California Edison Co Veba?
Andrea Wood is the Trustee of Southern California Edison Co Veba.
What is the revenue of Southern California Edison Co Veba?
Southern California Edison Co Veba's revenue in 2022 was $25,194,977.
Who are the executives of Southern California Edison Co Veba and what are their salaries?
There is 1 key member and their salary:
- Compensation: $0
- Related: $0
- Other: $89,236
Where can I find the form 990 for Southern California Edison Co Veba?
Southern California Edison Co Veba's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Southern California Edison Co Veba
Southern California Edison Co Veba, whose name stands for Voluntary Employees' Benevolent Association, is a mission-driven organization dedicated to providing post-retirement health and welfare benefits to its members. This unique association caters exclusively to employees of Southern California Edison Company who have collectively bargained plans.
The organization's primary focus is to ensure the well-being of its members in their retirement years. By offering health and welfare benefits, Southern California Edison Co Veba strives to provide financial security and peace of mind to its members. The organization's significant achievement during the year was the payment of $15,954,806 in health and welfare benefits to its members.
In essence, Southern California Edison Co Veba acts as a safety net for its members, offering essential services that contribute to their overall well-being. By fulfilling this role, the organization enables its members to enjoy their retirement years with dignity and confidence. The association's commitment to its members is evident in its financial dedication, making a tangible difference in the lives of those it serves.
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Impact
October, 2024
Southern California Edison Co Veba significantly impacts its members by providing essential post-retirement health and welfare benefits. In the past year, it has disbursed over $15.9 million in benefits, ensuring that its member employees, who are part of a collectively bargained plan, receive vital healthcare support as they transition into retirement. This financial support plays a crucial role in enhancing their quality of life, alleviating the burdens of healthcare costs, and securing their wellbeing after their working years. By focusing on the specific needs of its members, Southern California Edison Co Veba strengthens the financial stability and health of retirees, fostering a sense of community and mutual benefit among them.
This information is meant to be a general summary of Southern California Edison Co 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $25,194,977
- Gross Receipts: $528,966,034
Assets and Liabilities:
- Total Assets: $1,254,087,912
- Total Liabilities: $0
- Net Assets: $1,254,087,912
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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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