General Mills Inc Voluntary Emp Beneficiary Assoc Non-Union

Organization Overview

General Mills Inc Voluntary Emp Beneficiary Assoc Non-Union is located in Pittsburgh, PA. The organization was established in 1996. 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. General Mills Inc Voluntary Emp Beneficiary Assoc Non-Union 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, General Mills Inc Voluntary Emp Beneficiary Assoc Non-Union generated $24.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.1% each year. All expenses for the organization totaled $18.1m during the year ending 12/2021. While expenses have increased by 7.4% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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

THIS VEBA IS USED TO PAY FOR THE COST OF RETIREE HEALTH CARE BENEFITS OF NON-UNION EMPLOYEES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

VOLUNTARY EMPLOYEES' BENEFICIARY ASSOCIATION: THIS VEBA IS USED TO PAY FOR THE COST OF RETIREE HEALTH CARE BENEFITS OF NON-UNION EMPLOYEES.


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Board, Officers & Key Employees

Name (title)Compensation
The Bank Of New York Mellon
Trustee
$4,472
M Pillai
Officer
$0
K Bruce
Director
$0
D Mulligan
Director
$0
J Williams-Roll
Director
$0
R Allendorf
Director
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Prudential
Investment Mgmt Fees
$619,810
Hewitt Associates
Recordkeeping Svcs.
$232,796
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$12,898,268
Investment income $1,219,690
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $10,350,175
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $24,468,133

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