United Parcel Service Veba Ups Health And Welfare Plan

Organization Overview

United Parcel Service Veba Ups Health And Welfare Plan is located in Atlanta, GA. The organization was established in 1988. 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. United Parcel Service Veba Ups Health And Welfare Plan is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.

For the year ending 12/2022, United Parcel Service Veba Ups Health And Welfare Plan generated $1.0b in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 5.8% each year. All expenses for the organization totaled $1.0b during the year ending 12/2022. While expenses have increased by 6.1% per year over the past 4 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

2022

Describe the Organization's Mission:

Part 3 - Line 1

THE VEBA TRUST HOLDS THE ASSETS AND CONTROLS THE PAYMENT FUNCTIONS FOR THE UPS FLEXIBLE BENEFIT PLAN, UPS HEALTH CARE PLAN, AND UPS RETIRED EMPLOYEE HEALTH CARE PLAN.

Describe the Organization's Program Activity:

Part 3 - Line 4a

NONE


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$148,183,472
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$148,183,472
Total Program Service Revenue$875,444,787
Investment income $43,974
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $1,707
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,023,673,940

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