Xcel Energy Inc Veba For Retired Employees

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

EIN: 846266801 ✦ Minneapolis, MN ✦ Designated as a 501(c)(9)

Overview

What is Xcel Energy Inc Veba For Retired Employees?

Xcel Energy Veba for Retired Employees is a Minneapolis-based organization dedicated to providing health and welfare benefits to the retired employees of Xcel Energy Inc. and its subsidiaries. Their primary mission is to ensure the financial support for essential services and programs that prioritize the well-being of retired workers. The organization offers various benefits to its members, making a significant impact on their lives post-employment.


Is Xcel Energy Inc Veba For Retired Employees legitimate?

Xcel Energy Inc Veba For Retired Employees is a legitimate nonprofit organization registered as a 501(c)(9) entity. Xcel Energy Inc Veba For Retired 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: $850,159
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


What is the mission statement of Xcel Energy Inc Veba For Retired Employees?
Who is the CEO of Xcel Energy Inc Veba For Retired Employees?
What is the revenue of Xcel Energy Inc Veba For Retired Employees?
Who are the executives of Xcel Energy Inc Veba For Retired Employees and what are their salaries?
Where can I find the form 990 for Xcel Energy Inc Veba For Retired Employees?

Mission Statement of Xcel Energy Inc Veba For Retired Employees

Xcel Energy Veba For Retired Employees is a mission-driven organization dedicated to providing health and welfare benefits to the retired employees of Xcel Energy Inc. and its subsidiaries. In simple terms, it ensures the financial security and well-being of the elderly workforce by managing and disbursing the necessary benefits.

The primary focus of Xcel Energy Veba For Retired Employees lies in the payment of health and welfare benefits for its members. This nonprofit organization takes pride in upholding its commitment to its retirees, who have contributed significantly to Xcel Energy Inc. and its subsidiaries throughout their careers. By providing these essential benefits, the organization demonstrates its appreciation and dedication to the well-being of its retired personnel.

Additionally, Xcel Energy Veba For Retired Employees plays a crucial role in maintaining the health and overall well-being of its members. The organization's mission extends beyond mere financial support, as it aims to promote the physical and emotional well-being of the retirees. By managing and overseeing the payment of health and welfare benefits, Xcel Energy Veba For Retired Employees contributes to the peace of mind and security of its members during their retirement years.

Through its unwavering dedication and commitment, Xcel Energy Veba For Retired Employees has become a trusted and valuable resource for the elderly workforce of Xcel Energy Inc. and its subsidiaries. It represents a testament to the company's responsibility towards its retirees and the importance of ensuring their well-being and financial security during their post-career years.

Impact

This information is meant to be a general summary of Xcel Energy Inc Veba For Retired 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 Retired Employees is significant as it plays a crucial role in ensuring the well-being and financial security of retired employees from Xcel Energy Inc. and its subsidiaries. By providing payment for health and welfare benefits, this organization supports retirees in maintaining their quality of life during their retirement years. Additionally, by offering programs that help cover the costs of essential benefits, Xcel Energy Veba for Retired Employees contributes to the overall welfare of its members. This support is invaluable in ensuring that retired employees are able to access the necessary healthcare and services they need to live comfortably in their retirement.





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 2021.

  • Investment Income: $13,902,357
  • Program Service Revenue: $18,624,143
  • Gross Receipts: $63,575,592

    • Assets and Liabilities:
  • Total Assets: $445,588,798
  • Total Liabilities: $142,367
  • Net Assets: $445,446,431
  • Programs

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

    EMPLOYER CONTRIBUTIONS

    Revenue

    $18,624,143

    Organization Details

    Founding Year

    1993

    Principal Officer

    Peter Mathieson

    Main Address

    414 Nicollet Mall, Minneapolis, MN, 55401

    NTEE Category

    Code: Y40 - Mutual benefit

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