Overview
What is Xcel Energy Inc Veba For Active Employees?
Xcel Energy Inc's Veba program is a nonprofit entity dedicated to providing health and welfare benefits for the active employees of Xcel Energy Inc. and its subsidiaries. Through this program, the company ensures its workforce's wellbeing by managing and funding various benefits. The mission remains focused on enhancing the quality of life for active employees, contributing significantly to their overall job satisfaction and commitment to the organization.
Is Xcel Energy Inc Veba For Active Employees legitimate?
Xcel Energy Inc Veba For Active Employees is a legitimate nonprofit organization registered as a 501(c)(9) entity. Xcel Energy Inc Veba For Active 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 not tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $1,962,615
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Xcel Energy Inc Veba For Active Employees?
Xcel Energy Inc's Veba program prioritizes the well-being of its active employees by managing and paying for their health and welfare benefits. This initiative ensures that the employees have access to essential health services and coverage, contributing to their overall well-being and productivity. The program's mission is aligned with Xcel Energy Inc's commitment to its workforce, ensuring that they are well-supported and able to focus on their roles within the organization. The program's focus on health and welfare benefits encompasses various aspects of an employee's well-being, both physical and mental, enabling them to thrive in their professional and personal lives. Additionally, the program's payment of these benefits ensures financial security and peace of mind for the active employees and their families.
Who is the CEO of Xcel Energy Inc Veba For Active Employees?
Peter Mathieson is the Trustee of Xcel Energy Inc Veba For Active Employees.
What is the revenue of Xcel Energy Inc Veba For Active Employees?
Xcel Energy Inc Veba For Active Employees's revenue in 2021 was $175,187,105.
Who are the executives of Xcel Energy Inc Veba For Active Employees and what are their salaries?
- Wells Fargo Bank Na (Trustee)
Where can I find the form 990 for Xcel Energy Inc Veba For Active Employees?
The Xcel Energy Inc Veba For Active Employees’s most recent form 990 was submitted in 2021 and can be accessed here
Mission Statement of Xcel Energy Inc Veba For Active Employees
Xcel Energy Inc Veba for Active Employees is a mission-driven entity that prioritizes the well-being of its active workforce and their dependents. By providing health and welfare benefits, this organization ensures the employees of Xcel Energy Inc and its subsidiaries maintain optimal physical and mental health.
Xcel Energy Inc Veba for Active Employees plays a crucial role in promoting the overall well-being of its workforce. Through its dedicated efforts, it facilitates access to essential health and welfare services for its active employees, thereby contributing to their productivity and morale. The organization's commitment to this cause is unwavering, as it strives to support these individuals in their professional pursuits while addressing their health needs.
This initiative, known as Xcel Energy Inc Veba for Active Employees, enables its active employees to access various health and welfare benefits. By offering these benefits, the organization demonstrates its commitment to fostering a healthy and engaged workforce. In turn, this commitment benefits Xcel Energy Inc and its subsidiaries by promoting a positive work environment and ensuring the well-being of their most valuable asset - their employees.
Impact
This information is meant to be a general summary of Xcel Energy Inc Veba For Active Employees. 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 Xcel Energy Inc Veba For Active Employees is providing crucial support in the form of health and welfare benefits for the active employees of Xcel Energy Inc. and its subsidiaries. By ensuring that these employees have access to essential healthcare services and support, the organization plays a key role in promoting the well-being and security of the workforce. This support is instrumental in maintaining employee satisfaction, productivity, and overall job performance within the company.
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 2021.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER/EMPLOYEE CONTRIBUTIONS
Revenue
$166,695,262
Organization Details
Founding Year
1993
Phone
(612) 330-5500
Principal Officer
Peter Mathieson
Main Address
414 Nicollet Mall, Minneapolis, MN, 55401
NTEE Category
Code: Y40 - Mutual benefit
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