Overview
What is Bp Corporation North America Inc Veba Master Trust?
The Bp Corporation North America Inc Veba Master Trust is a nonprofit organization located in Houston, Texas, with the address 501 Westlake Park Boulevard. Its primary mission is to provide health and protection benefits to eligible active and retired employees of BP Corporation North America, Inc., and its affiliated companies. This voluntary Employee Beneficiary Association (VEBA) facilitates the payment of these essential benefits. The organization's activities focus on enhancing the wellbeing of its members by ensuring they have access to vital healthcare and protection plans.
Is Bp Corporation North America Inc Veba Master Trust legitimate?
Bp Corporation North America Inc Veba Master Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Bp Corporation North America Inc Veba Master 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: $16,011
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Bp Corporation North America Inc Veba Master Trust?
The Voluntary Employee Beneficiary Association (VEBA) of Bp Corporation North America Inc is dedicated to providing health and protection benefits for eligible active and retired participants of the corporation and its affiliates. In simple terms, this organization ensures the availability of essential health and protection benefits to its members. The mission of the VEBA is to make payments towards health and protection benefits for these individuals, offering them peace of mind and financial security. By focusing on the delivery of these crucial benefits, the VEBA plays an essential role in enhancing the overall well-being of the employees and retirees of Bp Corporation North America Inc.
Who is the CEO of Bp Corporation North America Inc Veba Master Trust?
Greg Dagley is the Principal Officer of Bp Corporation North America Inc Veba Master Trust.
What is the revenue of Bp Corporation North America Inc Veba Master Trust?
Bp Corporation North America Inc Veba Master Trust's revenue in 2022 was $421,074,334.
Who are the executives of Bp Corporation North America Inc Veba Master Trust and what are their salaries?
- Jp Morgan Chase Bank Na (Trustee)
Where can I find the form 990 for Bp Corporation North America Inc Veba Master Trust?
The Bp Corporation North America Inc Veba Master Trust’s most recent form 990 was submitted in 2022 and can be accessed here
Mission Statement of Bp Corporation North America Inc Veba Master Trust
Bp Corporation North America Inc Veba Master Trust, a Voluntary Employee Beneficiary Association (VEBA), plays a vital role in providing health and protection benefits to eligible active and retired participants of BP Corporation North America and its affiliates. The organization's primary mission is to ensure the well-being of its members by making essential payments towards their health and protection needs.
In simple terms, Bp Corporation North America Inc Veba Master Trust acts as a trust to manage and distribute funds for health and protection benefits to those who meet the eligibility criteria within the corporation. By doing so, the trust aims to provide a safety net for its members, allowing them to focus on their well-being without the added stress of financial burdens during times of need.
The VEBA's mission is carried out through its provision of health and protection benefits. By offering these benefits, the trust enables eligible members to access vital resources that contribute to their overall well-being. The organization's commitment to its members ultimately leads to improved health outcomes and peace of mind. By focusing on the health and protection of its members, Bp Corporation North America Inc Veba Master Trust plays a crucial role in enhancing the quality of life for those it serves.
Impact
This information is meant to be a general summary of Bp Corporation North America Inc Veba Master Trust. 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 Bp Corporation North America Inc Veba Master Trust lies in its provision of health and protection benefits to eligible active and retired participants of BP Corporation North America, Inc. and its affiliates. By offering these benefits through the Voluntary Employee Beneficiary Association (VEBA), the trust helps ensure the well-being and security of individuals associated with the company. This support contributes to the overall welfare and stability of the workforce, promoting a sense of security and care among employees and retirees.
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.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTIONS
Revenue
$310,500,000
EMPLOYEE CONTRIBUTIONS
Revenue
$110,375,259
Organization Details
Founding Year
1998
Phone
(832) 789-3278
Principal Officer
Greg Dagley
Main Address
501 WESTLAKE PARK BOULEVARD, HOUSTON, TX, 77079
NTEE Category
Code: Y40 - Mutual benefit
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