Veba Trust For Union Employees Of Keyspan Corporation

Organization Overview

Veba Trust For Union Employees Of Keyspan Corporation is located in Pittsburgh, PA. The organization was established in 1999. 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. Veba Trust For Union Employees Of Keyspan Corporation 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, Veba Trust For Union Employees Of Keyspan Corporation generated $310.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 29.4% each year . All expenses for the organization totaled $48.0m during the year ending 12/2021. While expenses have increased by 0.2% 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 PROVIDE BENEFITS TO ELIGIBLE MEMBERS

Describe the Organization's Program Activity:

Part 3 - Line 4a

TO PROVIDE BENEFITS TO ELIGIBLE MEMBERS


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Gmo Gaar Strategy
Investment Mgmt
$545,507
Western Asset Management
Investment Mgmt
$364,147
Mondrian International
Investment Mgmt
$112,048
Arrowstreet Capital
Investment Mgmt
$134,442
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$2,812,520
Investment income $22,133,504
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $282,518,691
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $310,728,868

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