Overview
What is Southern California Edison Co Veba Tr?
Southern California Edison Co Veba Tr is a nonprofit organization situated at 2244 Walnut Grove Ave, Quad 2B, Rosemead, CA 91770. Its primary objective is to offer post-retirement health and welfare benefits to its members, which are not included in a collectively bargained plan. During the year, the organization distributed $15,063,658 in health and welfare benefits to its members, serving as a crucial support system for its retired members.
Is Southern California Edison Co Veba Tr legitimate?
Southern California Edison Co Veba Tr is a legitimate nonprofit organization registered as a 501(c)(9) entity. Southern California Edison Co Veba Tr 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: $25,425
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Southern California Edison Co Veba Tr?
Southern California Edison Co Veba Tr is an organization established with the purpose of providing post-retirement health and welfare benefits to its members. These benefits are not exclusively part of a collectively bargained plan. The organization's primary objective during the year was achieving its primary exempt purpose by paying out $15,063,658 in health and welfare benefits to its members. The organization's role is to ensure that its members have access to necessary health and welfare benefits post-retirement, beyond what is typically included in a collectively negotiated plan.
Who is the CEO of Southern California Edison Co Veba Tr?
Andrea Wood is the Trustee of Southern California Edison Co Veba Tr.
What is the revenue of Southern California Edison Co Veba Tr?
Southern California Edison Co Veba Tr's revenue in 2022 was $4,342,978.
Who are the executives of Southern California Edison Co Veba Tr and what are their salaries?
There is 1 key member and their salary:
- Compensation: $0
- Related: $0
- Other: $25,425
Where can I find the form 990 for Southern California Edison Co Veba Tr?
Southern California Edison Co Veba Tr's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Southern California Edison Co Veba Tr
Southern California Edison Co Veba Tr, as a voluntary employees' benefit association, was established with a mission to provide post-retirement health and welfare benefits to its members. These benefits are not part of a collectively bargained plan, indicating the organization's commitment to supplementing the retirement needs of its members beyond what might be covered through traditional retirement plans. The primary objective of this organization is to ensure the financial well-being of its members in their post-retirement years by providing essential healthcare benefits. During the year, Southern California Edison Co Veba Tr achieved its primary exempt purpose by paying out $15,063,658 in health and welfare benefits to its members, demonstrating its dedication to fulfilling its mission.
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Impact
October, 2024
Southern California Edison Co Veba Tr significantly impacts its members by providing essential post-retirement health and welfare benefits. In a year of operation, it facilitated payments totaling $15,063,658, ensuring members receive financial support for health-related expenses after retirement. This contribution aids in enhancing the quality of life for retirees, offering them peace of mind regarding healthcare costs. Additionally, the organization extends benefits beyond those typically found in collectively bargained plans, making it a crucial resource for its members in navigating the complexities of post-employment healthcare. Thus, it plays a vital role in the financial well-being of retirees, demonstrating a commitment to their long-term health and welfare.
This information is meant to be a general summary of Southern California Edison Co Veba Tr. 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: $4,342,978
- Gross Receipts: $39,150,235
Assets and Liabilities:
- Total Assets: $58,918,305
- Total Liabilities: $0
- Net Assets: $58,918,305
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Organization Details
Founding Year
1992
Phone
(626) 302-2627Principal Officer
Andrea Wood
Main Address
2244 WALNUT GROVE AVE QUAD 2B, ROSEMEAD, CA, 917703714
NTEE Category
Code: Y40 - Mutual benefit
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