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NATIONAL FUEL GAS DIST CORP PAD VEBA FOR COLLECTIVELY BARGAINED EES
WILLIAMSVILLE, NY · EIN 161440169 · Form 990 · FY2023 · NTEE Y43 · Mutual & Membership Benefit · Medium ($1M-$10M)
revenue
$2.9M
expenses
$3.3M
net assets
$62.3M
employees
0
program ratio
100%
mission · from form 990

THE PROVISION OF HEALTH AND WELFARE BENEFITS TO PARTICIPANTS IN THE VOLUNTARY EMPLOYEE'S BENEFICIARY ASSOCIATION

profile · synthesized from sources

Provides health and welfare benefits to employees covered under a collective bargaining agreement through a Voluntary Employee's Beneficiary Association (VEBA). The organization primarily covers medical, hospitalization, prescription drug, and group life insurance costs for eligible participants. Based in New York, it operates as a mutual benefit trust for union-represented employees of National Fuel Gas Distribution Corporation.

irs program accomplishments · form 990 part iii · fy2023

What they reported doing

  1. #1 primary $1.23M
    PRESCRIPTION DRUG COSTS
  2. #2 $43K
    GROUP LIFE INSURANCE
named programs · 3 · from sources

What they call their work

Group Life Insurance
Provides life insurance coverage to participants in the VEBA plan, funded through the trust
Medical and Hospitalization Costs
Covers medically necessary treatments, doctor visits, and hospital stays for participants as part of the health benefits package
Prescription Drug Costs
Reimburses or directly pays for prescription medication expenses incurred by eligible participants in the VEBA plan
activities · 1 group

What they do

  • Union and Association Benefit Funds 3 activities
    • Provided group life insurance benefits to participants
      Provided group life insurance benefits to participants in 2023.
    • Provided medical and hospitalization cost benefits to participants
      Provided benefits covering medical and hospitalization costs for participants in 2019.
    • Provided prescription drug cost benefits to participants
      Provided benefits covering prescription drug costs for participants in 2023.
financials · form 990 · fy2023
revenue
Total revenue$2.92M
Contributions & grants$00%
Program service revenue$369K13%
Investment income$2.55M87%
Other revenue$0
expenses
Total expenses$3.33M
Program expenses100%
Admin / overhead0%
Fundraising0%
Salaries & benefits$0
Grants paid out$0
Largest expense lineProfessional Fees
balance sheet
Total assets$62.32M
Cash$1.29M
Investments$61.03M
Liabilities$17K
Net assets$62.30M
Liquid reserves224.4 mo
5 years on record · 2019–2023 · YoY revenue -19.4%
leadership · form 990 part vii · fy2023

Who runs it

board members · 7
  • BRENDAN M HARRINGTON Committee Memb — Trustee
  • DAVID P BAUER Committee Member — Trustee
  • DONNA L DECAROLIS Committee Member — Trustee
  • ELENA G MENDEL Committee Member — Trustee
  • JOSEPH M DELVECCHIO Committee Membe — Trustee
  • MICHAEL W REVILLE Committee Member — Trustee
  • TIMOTHY J SILVERSTEIN Committee Mem — Trustee
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.