Southern California Edison Co Veba

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

EIN: 954372790 ✦ Rosemead, CA ✦ Designated as a 501(c)(9)

Overview

What is Southern California Edison Co Veba?

Southern California Edison Co Veba, also known as the Southern California Edison Company Voluntary Employees' Benevolent Association, is a nonprofit organization located at 2244 Walnut Grove Avenue Quad 2B, Rosemead, California, 91770. The primary focus of this association is to provide post-retirement health and welfare benefits to its members, who are exclusively represented employees of a collectively bargained plan. In the fiscal year mentioned in the information, the organization paid out $15,954,806 in health and welfare benefits to its members.


Is Southern California Edison Co Veba legitimate?

Southern California Edison Co Veba is a legitimate nonprofit organization registered as a 501(c)(9) entity. Southern California Edison Co Veba 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: $89,236
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


What is the mission statement of Southern California Edison Co Veba?
Who is the CEO of Southern California Edison Co Veba?
What is the revenue of Southern California Edison Co Veba?
Who are the executives of Southern California Edison Co Veba and what are their salaries?
Where can I find the form 990 for Southern California Edison Co Veba?

Mission Statement of Southern California Edison Co Veba

Southern California Edison Co Veba, whose name stands for Voluntary Employees' Benevolent Association, is a mission-driven organization dedicated to providing post-retirement health and welfare benefits to its members. This unique association caters exclusively to employees of Southern California Edison Company who have collectively bargained plans.

The organization's primary focus is to ensure the well-being of its members in their retirement years. By offering health and welfare benefits, Southern California Edison Co Veba strives to provide financial security and peace of mind to its members. The organization's significant achievement during the year was the payment of $15,954,806 in health and welfare benefits to its members.

In essence, Southern California Edison Co Veba acts as a safety net for its members, offering essential services that contribute to their overall well-being. By fulfilling this role, the organization enables its members to enjoy their retirement years with dignity and confidence. The association's commitment to its members is evident in its financial dedication, making a tangible difference in the lives of those it serves.

Impact

This information is meant to be a general summary of Southern California Edison Co Veba. 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 Southern California Edison Co Veba is primarily focused on providing post-retirement health and welfare benefits to its members. This nonprofit organization plays a crucial role in supporting represented employees of a collectively bargained plan by disbursing significant amounts in health and welfare benefits. By fulfilling its mission, Southern California Edison Co Veba contributes to the financial security and well-being of retired employees in the region.





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: $25,194,977
  • Program Service Revenue: $0
  • Gross Receipts: $528,966,034

    • Assets and Liabilities:
  • Total Assets: $1,254,087,912
  • Total Liabilities: $0
  • Net Assets: $1,254,087,912
  • Organization Details

    Founding Year

    1991

    Principal Officer

    Andrea Wood

    Main Address

    2244 WALNUT GROVE AVENUE QUAD 2B, ROSEMEAD, CA, 917703714

    NTEE Category

    Code: Y40 - Mutual benefit

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