Southern California Edison Co Veba Non Represented Trust

Organization Overview

Southern California Edison Co Veba Non Represented Trust is located in Rosemead, CA. The organization was established in 1992. 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. Southern California Edison Co Veba Non Represented Trust is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.

For the year ending 12/2022, Southern California Edison Co Veba Non Represented Trust generated $4.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (15.9%) each year. All expenses for the organization totaled $15.5m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (8.2%) per year over the past 7 years. 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 ORGANIZATION IS ESTABLISHED TO PROVIDE POST-RETIREMENT HEALTH AND WELFARE BENEFITS TO ITS MEMBERS, WHICH ARE NOT EXCLUSIVELY PART OF A COLLECTIVELY BARGAINED PLAN.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE PRIMARY EXEMPT PURPOSE ACHIEVEMENT FOR THIS VOLUNTARY EMPLOYEES' BENEFICIARY ASSOCIATION (VEBA) DURING THE YEAR WAS THE PAYMENT OF $15,063,658 IN HEALTH AND WELFARE BENEFITS TO ITS MEMBERS.


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Board, Officers & Key Employees

Name (title)Compensation
Name Not Listed
Trustee (end 9/2019)
$0
Name Not Listed
Trustee (beg. 10/2019)
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
State Street Global Advisors One Market
Investment
$176,654
Pimco
Investment
$105,840
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$0
Investment income $1,316,233
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $3,026,745
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $4,342,978

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