Aww Co Inc & Its Designated Sub Affil Group Insurance Trust

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

EIN: 222471827 ✦ Camden, NJ ✦ Designated as a 501(c)(9)

Overview

What is Aww Co Inc & Its Designated Sub Affil Group Insurance Trust?

Aww Co Inc & Its Designated Sub Affil Group Insurance Trust is a voluntary employee's beneficiary association, also known as a VEBA, established by American Water Works Company Inc. The organization is funded solely by the company and its participants to provide group insurance, employee assistance, and long-term disability benefits to the company's employees. This includes medical, dental, prescription, vision, group life insurance, short-term disability, and accidental death and dismemberment benefits, as well as an employee assistance plan. These benefits are extended to all full-time permanent employees and their dependents. The long-term disability plan caters to the non-bargaining unit employees of the company.


Is Aww Co Inc & Its Designated Sub Affil Group Insurance Trust legitimate?

Aww Co Inc & Its Designated Sub Affil Group Insurance Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Aww Co Inc & Its Designated Sub Affil Group Insurance Trust 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


What is the mission statement of Aww Co Inc & Its Designated Sub Affil Group Insurance Trust?
Who is the CEO of Aww Co Inc & Its Designated Sub Affil Group Insurance Trust?
What is the revenue of Aww Co Inc & Its Designated Sub Affil Group Insurance Trust?
Who are the executives of Aww Co Inc & Its Designated Sub Affil Group Insurance Trust and what are their salaries?
Where can I find the form 990 for Aww Co Inc & Its Designated Sub Affil Group Insurance Trust?

Mission Statement of Aww Co Inc & Its Designated Sub Affil Group Insurance Trust

Aww Co Inc & Its Designated Sub Affil Group Insurance Trust, also known as the VEBA, is a voluntary employee's beneficiary association established by American Water Works Company Inc. The mission of this trust is to provide group insurance, employee assistance, and long-term disability benefits to the company's employees. The Company and participating members fund the VEBA solely for this purpose.

The trust offers a range of benefits to its members, including medical, dental, prescription, vision, group life insurance, short-term disability, and accidental death and dismemberment benefits. These plans are available to all full-time permanent employees and, as permitted by the plan, to their dependents. Additionally, the trust provides long-term disability benefits to the Company's non-bargaining unit employees.

Aww Co Inc & Its Designated Sub Affil Group Insurance Trust acts as a safety net for the workforce, ensuring they have access to essential benefits that safeguard their financial and health well-being. Through this comprehensive benefits package, the trust aims to support the physical and emotional wellness of its members, enabling them to focus on their work and personal lives with peace of mind.

Impact

This information is meant to be a general summary of Aww Co Inc & Its Designated Sub Affil Group Insurance Trust. Please take the time to review official sources before making any decisions based upon the content provided here.




Thursday, August 15, 2024

Aww Co Inc & Its Designated Sub Affil Group Insurance Trust, a voluntary employee's beneficiary association established by American Water Works Company Inc., plays a significant role in providing group insurance, employee assistance, and long-term disability benefits to the company's employees. The trust offers a range of benefits including medical, dental, prescription, vision, group life insurance, short-term disability, and accidental death and dismemberment benefits to all full-time permanent employees and their dependents. The long-term disability plan specifically benefits the company's non-bargaining unit employees. Overall, the impact of this trust is crucial in ensuring the well-being and financial security of the employees of American Water Works Company Inc.





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: $225,324
  • Program Service Revenue: $131,798,339
  • Gross Receipts: $142,099,462

    • Assets and Liabilities:
  • Total Assets: $16,687,059
  • Total Liabilities: $6,906,580
  • Net Assets: $9,780,479
  • Programs

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

    COMPANY CONTRIBUTIONS

    Revenue

    $107,274,204

    MEMBER CONTRIBUTIONS

    Revenue

    $24,524,135

    Organization Details

    Founding Year

    1983

    Principal Officer

    Martin Falkenberg

    Main Address

    PO BOX 2738 1 WATER STREET, CAMDEN, NJ, 08102

    NTEE Category

    Code: Y40 - Mutual benefit

    If you are a representative of Aww Co Inc & Its Designated Sub Affil Group Insurance Trust and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.