Midamerican Energy Co Master Veba Trust Agreement For Nonbargaining

Organization Overview

Midamerican Energy Co Master Veba Trust Agreement For Nonbargaining is located in Pittsburgh, PA. The organization was established in 2003. 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. Midamerican Energy Co Master Veba Trust Agreement For Nonbargaining 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, Midamerican Energy Co Master Veba Trust Agreement For Nonbargaining generated $8.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.0% each year. All expenses for the organization totaled $14.2m during the year ending 12/2021. While expenses have increased by 4.7% 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

TO OPERATE A QUALIFIED VEBA TRUST FOR THE EMPLOYEES AND RETIREES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

BENEFITS PAID FOR MEDICAL, DISABILITY, VISION, DENTAL, AND LIFE INSURANCE FOR THE PARTICIPANTS.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Principal Financial Group
Investment Mgmt.
$124,034
Wellmark
Administration
$109,740
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$1,866,809
Investment income $3,910,939
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $3,116,620
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $8,903,235

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