Overview
What is American Electric Power System Retiree Medical Benefit Trust?
The American Electric Power System Retiree Medical Benefit Trust is a nonprofit entity that holds, invests, and reinvestes assets to provide medical and dental benefits for current and retired employees of American Electric Power Company and its affiliates. The Trust's mission focuses on accumulating funds that will be used to offer benefits for both current and future participants and their dependents.
Is American Electric Power System Retiree Medical Benefit Trust legitimate?
American Electric Power System Retiree Medical Benefit Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. American Electric Power System Retiree Medical Benefit 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: $134,438
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of American Electric Power System Retiree Medical Benefit Trust?
The American Electric Power System Retiree Medical Benefit Trust is dedicated to accumulating funds through the investment and reinvestment of its assets. This accumulation is intended for providing medical and dental benefits to current and future retirees (and their dependents) of American Electric Power Company and its affiliates, who do not receive coverage under collective bargaining agreements. The Trust continues to hold and manage its resources with the ultimate goal of delivering essential health benefits to those who will require it in the present and the future.
Who is the CEO of American Electric Power System Retiree Medical Benefit Trust?
The Bank Of New York Mellon is the Trustee (See Sch O) of American Electric Power System Retiree Medical Benefit Trust.
What is the revenue of American Electric Power System Retiree Medical Benefit Trust?
American Electric Power System Retiree Medical Benefit Trust's revenue in 2022 was $101,791,446.
Who are the executives of American Electric Power System Retiree Medical Benefit Trust and what are their salaries?
- The Bank Of New York Mellon (Trustee (See Sch O))
Where can I find the form 990 for American Electric Power System Retiree Medical Benefit Trust?
The American Electric Power System Retiree Medical Benefit Trust’s most recent form 990 was submitted in 2022 and can be accessed here
Mission Statement of American Electric Power System Retiree Medical Benefit Trust
The American Electric Power System Retiree Medical Benefit Trust is a dedicated organization that continues to accumulate funds through holding, investing, and reinvesting its assets. Its primary goal is to provide medical and dental benefits for current and future retired employees, as well as their dependents, of American Electric Power Company, Inc., and its affiliates. The Trust does not fall under collective bargaining agreements.
In simple terms, the American Electric Power System Retiree Medical Benefit Trust functions as a financial entity, collecting and managing resources to ensure the availability of healthcare benefits for eligible retirees and their dependents. By continuously investing and reinvesting its assets, the Trust builds a substantial reserve to meet the growing needs of its participants. Ultimately, the organization's unwavering commitment ensures that those who have dedicated their careers to American Electric Power Company can enjoy peace of mind knowing that their healthcare needs will be met during their retirement years.
Impact
This information is meant to be a general summary of American Electric Power System Retiree Medical Benefit Trust. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
The American Electric Power System Retiree Medical Benefit Trust has a significant impact on retired employees of American Electric Power Company, Inc. and its affiliates by providing essential medical and dental benefits to them and their dependents. By holding, investing, and reinvesting its assets, the Trust ensures that there are sufficient funds available to support the healthcare needs of both current and future participants. This support contributes to the overall well-being and financial security of retirees who rely on these benefits for their healthcare needs.
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.
EMPLOYEE CONTRIBUTIONS
Revenue
$33,870,275
Organization Details
Founding Year
1993
Phone
(412) 234-2242
Principal Officer
The Bank Of New York Mellon
Main Address
C/O THE BNYM PO BOX 535007, PITTSBURGH, PA, 152535007
NTEE Category
Code: Y40 - Mutual benefit
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