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Consolidated Edison Post Retirement Life Insurance VEBA Trust for Mgmt EEs
New York, NY · EIN 133751052 · Form 990 · FY2024 · Medium ($1M-$10M)
revenue
$8.8M
expenses
$13.0M
net assets
$64.6M
employees
0
mission · from form 990

THE PLAN, FUNDED THROUGH THE VEBA TRUST, PROVIDES LIFE INSURANCE TO ALL ELIGIBLE RETIREES.

profile · synthesized from sources

The Consolidated Edison Post Retirement Life Insurance VEBA Trust for Mgmt EEs is a Voluntary Employees' Beneficiary Association (VEBA) trust established to provide life insurance benefits to eligible retired management employees of Consolidated Edison. The plan is funded through the trust and serves retirees exclusively. It operates in New York and is structured as a tax-exempt trust under IRS guidelines.

named programs · 1 · from sources

What they call their work

Retiree Life Insurance Program
Provides life insurance coverage to eligible retired management employees of Consolidated Edison through a VEBA trust structure
activities · 1 group

What they do

  • Union and Association Benefit Funds 1 activity
    • Provides life insurance coverage to retirees via VEBA trust
      Offers life insurance benefits to eligible management retirees through a Voluntary Employees' Beneficiary Association (VEBA) trust structure.
financials · form 990 · fy2024
revenue
Total revenue$8.84M
Contributions & grants$00%
Program service revenue$3.55M40%
Investment income$5.29M60%
Other revenue$0
expenses
Total expenses$12.98M
Program expenses—
Admin / overhead—
Fundraising—
Salaries & benefits$22K
Grants paid out$0
Largest expense lineProfessional Fees
balance sheet
Total assets$64.69M
Cash$395K
Investments$63.61M
Liabilities$47K
Net assets$64.64M
Liquid reserves59.2 mo
3 years on record · 2020–2024 · YoY revenue +25.8%
leadership · form 990 part vii · fy2024

Who runs it

paid leadership · 1
NameTitleHours/wkCompensation
THE BANK OF NEW YORK MELLON Trustee (See Schedule O) 0 $22K
strategies · 1

How they approach the work

Named approaches extracted from this org’s sources. Where others share an approach, follow it to see the full set of orgs running it.