Highmark Voluntary Employees Beneficiary Assoc

Organization Overview

Highmark Voluntary Employees Beneficiary Assoc is located in Pittsburgh, PA. The organization was established in 1994. According to its NTEE Classification (Y20) the organization is classified as: Insurance Providers, 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. Highmark Voluntary Employees Beneficiary Assoc 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, Highmark Voluntary Employees Beneficiary Assoc generated $7.1m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 0.3% each year. All expenses for the organization totaled $28.1m during the year ending 12/2022. While expenses have increased by 1.2% per year over the past 5 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

SEE FORM 990, PAGE 2, PART III, LINE 1

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE HIGHMARK INC. VOLUNTARY EMPLOYEES' BENEFICIARY ASSOCIATION IS AN IRREVOCABLE 501(C)(9) TRUST PROVIDING FUNDING FOR MEDICAL AND LIFE BENEFITS FOR ELIGIBLE EMPLOYEES OF THE CORPORATION AND ITS SUBSIDIARY.


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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$588,847
Investment income $5,054,492
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $1,430,675
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $7,074,014

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