Protective Life Corporation Master Welfare Benefit Trust

Organization Overview

Protective Life Corporation Master Welfare Benefit Trust is located in Birmingham, AL. The organization was established in 2007. 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. Protective Life Corporation Master Welfare Benefit Trust is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.

For the year ending 12/2023, Protective Life Corporation Master Welfare Benefit Trust generated $84.2k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 32.0% each year . All expenses for the organization totaled $266.6k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE LIFE INSURANCE BENEFITS TO PROTECTIVE LIFE CORPORATION RETIREES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVIDES LIFE INSURANCE BENEFITS TO RETIRED EMPLOYEES. COVERS APPROXIMATELY 823 RETIREES AS OF DECEMBER 31, 2023.


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Board, Officers & Key Employees

Name (title)Compensation
Paul Wells
Evp, CFO Of Protective Life Corp
$0
Barbara Pugh
Sr VP And Chief Acct Officer Of Prot
$0
Wendy Evesque
Exec VP And Chief Hr Officer Of Prot
$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 $84,236
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $84,236

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