Bp Corporation North America Inc Veba Master Trust

Organization Overview

Bp Corporation North America Inc Veba Master Trust is located in Houston, TX. The organization was established in 2000. According to its NTEE Classification (Y43) the organization is classified as: Voluntary Employees Beneficiary Associations (Non-Government), under the broad grouping of Mutual & Membership Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bp Corporation North America Inc Veba Master Trust is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.

For the year ending 12/2021, Bp Corporation North America Inc Veba Master Trust generated $436.9m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (4.3%) each year. All expenses for the organization totaled $450.0m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (3.6%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

PROVISION OF HEALTH AND PROTECTION BENEFITS TO ELIGIBLE MEMBERS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVISION OF HEALTH AND PROTECTION BENEFITS TO ELIGIBLE ACTIVE AND RETIRED PARTICIPANTS OF BP CORPORATION NORTH AMERICA, INC. AND ITS AFFILIATES.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Staywell Health
Administrative Services
$2,740,397
Aetna
Administrative Services
$10,035,794
Cigna
Administrative Services
$683,432
Blue Cross Blue Shield Of Illinois
Administrative Services
$197,064
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$436,883,273
Investment income $5,140
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $436,888,413

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