Overview
What is Hawaiian Electric Industries Inc Veba Trust For Non-Bargaining Employees?
Hawaiian Electric Industries Veba Trust for Non-Bargaining Employees is a specialized financial resource, established as a means to secure post-retirement welfare benefits for employees working at Hawaiian Electric Company, Inc., and other participating employers. This trust serves as a funding vehicle, providing monetary support for a well-structured benefits plan for these employees upon their retirement. The objective of this trust is to ensure a continued level of welfare and support for the employees in their post-retirement phase.
Is Hawaiian Electric Industries Inc Veba Trust For Non-Bargaining Employees legitimate?
Hawaiian Electric Industries Inc Veba Trust For Non-Bargaining Employees is a legitimate nonprofit organization registered as a 501(c)(9) entity. Hawaiian Electric Industries Inc Veba Trust For Non-Bargaining Employees 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Hawaiian Electric Industries Inc Veba Trust For Non-Bargaining Employees?
The Hawaiian Electric Industries Inc Veba Trust for Non-Bargaining Employees serves as a funding mechanism to ensure the continuation of post-retirement welfare benefits for employees of Hawaiian Electric Company, Inc., and participating employers. Its mission is to maintain and manage this retirement benefits plan, providing financial support to its beneficiaries after their employment. The trust aims to ensure that retirees continue to receive certain benefits, enhancing their post-retirement life. It operates as a vital resource for the employees, ensuring they have access to necessary welfare benefits even after leaving their jobs.
Who is the CEO of Hawaiian Electric Industries Inc Veba Trust For Non-Bargaining Employees?
Kurt K Murao is the Trustee of Hawaiian Electric Industries Inc Veba Trust For Non-Bargaining Employees.
What is the revenue of Hawaiian Electric Industries Inc Veba Trust For Non-Bargaining Employees?
Hawaiian Electric Industries Inc Veba Trust For Non-Bargaining Employees's revenue in 2022 was $4,417,676.
Who are the executives of Hawaiian Electric Industries Inc Veba Trust For Non-Bargaining Employees and what are their salaries?
Here are 2 key members and their salaries:
- Compensation: $36,865
- Related: $106,700
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Hawaiian Electric Industries Inc Veba Trust For Non-Bargaining Employees?
Hawaiian Electric Industries Inc Veba Trust For Non-Bargaining Employees's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Hawaiian Electric Industries Inc Veba Trust For Non-Bargaining Employees
Hawaiian Electric Industries Inc Veba Trust For Non-Bargaining Employees serves as a crucial funding mechanism for the post-retirement welfare benefits plan of the employees working at Hawaiian Electric Company, Inc. and participating employers. This trust's primary mission is to act as a financial vehicle, ensuring the continuity of the welfare benefits for these employees once they retire. The trust's purpose is to provide a stable source of funds to support this essential benefit plan, securing the financial well-being of the employees during their post-retirement years.
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Impact
October, 2024
The Hawaiian Electric Industries Inc Veba Trust For Non-Bargaining Employees plays a significant role in safeguarding the financial security and welfare of its employees after retirement. By functioning as a funding vehicle for the post-retirement welfare benefits plan, the trust ensures that employees of Hawaiian Electric Company, Inc. and participating employers receive essential benefits that support their health and well-being in their later years.
This foundation contributes to the overall stability of the workforce by providing peace of mind to employees regarding their post-retirement needs. As a result, it fosters a positive work environment, enhances employee loyalty, and may even attract new talent, knowing that a robust post-retirement benefits plan is in place. Therefore, the trust not only impacts individual employees but also strengthens Hawaiian Electric's commitment to its workforce, ultimately contributing to the company's overall success and reputation within the community.
This information is meant to be a general summary of Hawaiian Electric Industries Inc Veba Trust For Non-Bargaining Employees. 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: $2,601,622
- Program Service Revenue: $1,816,054
- Gross Receipts: $4,417,676
Assets and Liabilities:
- Total Assets: $40,820,665
- Total Liabilities: $2,021,094
- Net Assets: $38,799,571
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER PLAN CONTRIBUTIONS
Revenue
$1,816,054
Organization Details
Founding Year
1994
Phone
(808) 543-7948Principal Officer
Kurt K Murao
Main Address
PO BOX 730, HONOLULU, HI, 968080730
NTEE Category
Code: Y40 - Mutual benefit
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