Energen Corporation Retired Salary Employee Group Life Ins Plan Tr

Organization Overview

Energen Corporation Retired Salary Employee Group Life Ins Plan Tr is located in Midland, TX. The organization was established in 1994. According to its NTEE Classification (Y20) the organization is classified as: Insurance Providers, under the broad grouping of Mutual & Membership Benefit and related organizations. This organization is the central organization for a national or regional group of organizations. Energen Corporation Retired Salary Employee Group Life Ins Plan Tr 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, Energen Corporation Retired Salary Employee Group Life Ins Plan Tr generated $26.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (27.3%) each year. All expenses for the organization totaled $7.2k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (25.7%) per year over the past 7 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

VOLUNTARY EMPLOYEE BENEFIT ASSOCIATION PROVIDING GROUP LIFE INSURANCE BENEFITS TO EMPLOYEES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVIDE GROUP LIFE INSURANCE BENEFITS TO EMPLOYEES


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Board, Officers & Key Employees

Name (title)Compensation
Name Not Listed
Trustee
$0

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$0
Investment income $8,152
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $18,130
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $26,282

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