Washington Gas Light Company Management Veba

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

EIN: 137024160 ✦ Washington, DC ✦ Designated as a 501(c)(9)

Overview

What is Washington Gas Light Company Management Veba?

Washington Gas Light Company Management Veba is a fraternal beneficiary society and voluntary employees association based in Washington, D.C. With total revenues of $18,241,502 in the previous year, this nonprofit organization focuses on providing postretirement benefits to retirees. The master trust's mission is geared towards supporting the welfare of retirees in the community.


Is Washington Gas Light Company Management Veba legitimate?

Washington Gas Light Company Management Veba is a legitimate nonprofit organization registered as a 501(c)(9) entity. Washington Gas Light Company Management 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 not tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $133,043
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


What is the mission statement of Washington Gas Light Company Management Veba?
Who is the CEO of Washington Gas Light Company Management Veba?
What is the revenue of Washington Gas Light Company Management Veba?
Who are the executives of Washington Gas Light Company Management Veba and what are their salaries?
Where can I find the form 990 for Washington Gas Light Company Management Veba?

Mission Statement of Washington Gas Light Company Management Veba

Washington Gas Light Company Management Veba, a renowned fraternal beneficiary societies and voluntary employees association, is dedicated to providing postretirement benefits to its retirees. This mission statement encapsulates the organization's commitment to ensuring the financial security and well-being of its retirees after their working years. By acting as a trust, Washington Gas Light Company Management Veba focuses on addressing the unique needs of its retirees and offering them the necessary support to enhance their quality of life.

The organization's activities revolve around the provision of essential benefits to its retired members. Through its master trust, Washington Gas Light Company Management Veba strives to make a positive impact on the lives of its retirees by alleviating their financial concerns and ensuring their peace of mind. The trust's primary objective is to provide a safety net for its members, enabling them to live comfortably and with dignity during their postretirement years.

Moreover, Washington Gas Light Company Management Veba operates with a spirit of unity and camaraderie, as evidenced by its fraternal beneficiary societies structure. This cooperative approach fosters a strong sense of community among its members and contributes to the organization's ability to effectively address the needs of its retirees. The voluntary employees association aspect of the organization allows current employees to contribute to the trust and ultimately benefit from its offerings in their retirement years. Overall, Washington Gas Light Company Management Veba plays a vital role in ensuring the financial stability and well-being of its retirees, reinforcing its commitment to this essential mission.

Impact

This information is meant to be a general summary of Washington Gas Light Company Management Veba. Please take the time to review official sources before making any decisions based upon the content provided here.




Thursday, August 15, 2024

The impact of Washington Gas Light Company Management Veba is in providing postretirement benefits to retirees. This includes ensuring that retirees have the necessary financial support and resources to maintain their quality of life after leaving the workforce. The Veba operates as a fraternal beneficiary society and voluntary employees association, aiming to support its members through postretirement benefits. Its activities contribute to the overall well-being and security of retirees who have dedicated their careers to the company.





Financials

This financial information is from Propublica.

Revenue
Expenses
Efficiency

Other financial information:

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

  • Investment Income: $13,929,523
  • Program Service Revenue: $2,145,758
  • Gross Receipts: $108,625,954

    • Assets and Liabilities:
  • Total Assets: $246,474,232
  • Total Liabilities: $787,154
  • Net Assets: $245,687,078
  • Programs

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

    INCOME DISTRIBUTION

    Revenue

    $1,198,247

    EMPLOYEE CONTRIBUTIONS

    Revenue

    $867,796

    CONSENT FEE INCOME

    Revenue

    $79,715

    Organization Details

    Founding Year

    1993

    Principal Officer

    The Bank Of New York Mell

    Main Address

    TAX DEPT 1000 MAINE AVE SW FL 7, WASHINGTON, DC, 20024

    NTEE Category

    Code: Y40 - Mutual benefit

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