Southern California Edison Ltd Veba Tr

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

EIN: 957086061 ✦ Rosemead, CA ✦ Designated as a 501(c)(9)

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Overview

What is Southern California Edison Ltd Veba Tr?

Southern California Edison Ltd Veba Tr is a nonprofit organization established for the sole purpose of offering health and welfare benefits to its retired members. These members primarily consist of management, administrative, and collectively bargained employees of Southern California Edison. During the year, the organization distributed a significant amount of $9,320,670 in health and welfare benefits to its members. The US address for this nonprofit is located at 2244 Walnut Grove Avenue Quad 2B, Rosemead, CA 91770.

Is Southern California Edison Ltd Veba Tr legitimate?

Southern California Edison Ltd Veba Tr is a legitimate nonprofit organization registered as a 501(c)(9) entity. Southern California Edison Ltd 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: $1,658
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

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What is the mission statement of Southern California Edison Ltd Veba Tr?

Southern California Edison Ltd Veba Tr was established with the mission to provide health and welfare benefits to its retired members. These members include management, administrative, and collectively bargained employees of Southern California Edison. The organization's primary goal is to support these retirees by offering necessary benefits, ensuring their well-being post-retirement. During the year, this Voluntary Employees' Beneficiary Association (VEBA) successfully achieved its primary exempt purpose by distributing $9,320,670 in health and welfare benefits to its members.

Who is the CEO of Southern California Edison Ltd Veba Tr?

Andrea Wood is the Trustee of Southern California Edison Ltd Veba Tr.

What is the revenue of Southern California Edison Ltd Veba Tr?

Southern California Edison Ltd Veba Tr's revenue in 2022 was $9,926,943.

Who are the executives of Southern California Edison Ltd Veba Tr and what are their salaries?


There is 1 key member and their salary:


Bny Mellon (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $1,658
Where can I find the form 990 for Southern California Edison Ltd Veba Tr?

Southern California Edison Ltd Veba Tr's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Southern California Edison Ltd Veba Tr

Southern California Edison Ltd Veba Tr, as an organization, was established with a mission to provide health and welfare benefits to its retiree members. This mission is specifically directed towards management, administrative, and collectively bargained employees of Southern California Edison. The primary objective of this Voluntary Employees' Beneficiary Association (VEBA) is to ensure the well-being and support of its members, providing them with necessary benefits during their retirement years. In the course of the year, the organization successfully achieved its primary exempt purpose by disbursing $9,320,670 in health and welfare benefits to its members, thereby fulfilling its commitment to their well-being.

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Impact




October, 2024

Southern California Edison Ltd Veba Tr plays a significant role in providing health and welfare benefits to its retiree members, which include management, administrative, and collectively bargained employees of Southern California Edison. By distributing over $9.3 million in benefits, the organization ensures that retirees have access to essential health services and support, thereby enhancing their quality of life during retirement.

The establishment of this Voluntary Employees' Beneficiary Association (VEBA) highlights the importance of organized support systems for retirees, contributing to their financial and emotional well-being. By focusing on the specific needs of retirees, the organization fosters a sense of community and mutual support among members, ensuring that those who have dedicated their careers to the company are adequately provided for in their later years. Such initiatives are essential in addressing the challenges faced by retirees in navigating healthcare costs and maintaining their health, ultimately benefiting the broader community by promoting the well-being of former employees.




This information is meant to be a general summary of Southern California Edison Ltd 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.

Revenue
$9,926,943 (2022)
Expenses
$9,344,522 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $76,943
  • Program Service Revenue: $9,850,000
  • Gross Receipts: $19,271,465

Assets and Liabilities:

  • Total Assets: $6,388,361
  • Total Liabilities: $0
  • Net Assets: $6,388,361

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Programs

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

SPONSOR CONTRIBUTIONS

Revenue

$9,850,000

Organization Details

Founding Year

1999

Principal Officer

Andrea Wood

Main Address

2244 WALNUT GROVE AVENUE QUAD 2B, ROSEMEAD, CA, 917703714

NTEE Category

Code: Y43 - Mutual benefit

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