Chevron Phillips Chemical Co LP Health & Benefit Tr Veba
100% goes to programs Growing revenue
Chevron Phillips Chemical Co LP Health & Benefit Tr Veba is a 501(c)(9) organization based in Pittsburgh, Pennsylvania, registered in 2001, with $95,107,299 in FY2024 revenue. CharityIndex grades it C, and it directs about 100% of spending to programs.
C/o the Bnym Po Box 525007, Pittsburgh, PA, 15253 EIN 74-2986045 Since 2001
Revenue (FY2024)
$95.1M
▲ 1.8% vs prior year
Education median: $200K
Expenses (FY2024)
$97.2M
Net assets
$14.0M
Employees
0
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C
★★★★
Rated on 4 of 4 criteria.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →A+Program efficiency40% of the rating100% to programs
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Chevron Phillips Chemical Co LP Health & Benefit Tr Veba: 100% to programs earns a A+ on this criterion. See the exact thresholds →
BFinancial health25% of the rating2 mo reserves · -2% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Chevron Phillips Chemical Co LP Health & Benefit Tr Veba: 2 mo reserves · -2% margin earns a B on this criterion. See the exact thresholds →
FGovernance25% of the rating0 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Chevron Phillips Chemical Co LP Health & Benefit Tr Veba: 0 of 6 checks met earns a F on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Chevron Phillips Chemical Co LP Health & Benefit Tr Veba: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
Show this grade on your website
A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Mission
To provide health and welfare benefits to eligible employees
Contact & location
- Address
- C/o the Bnym Po Box 525007, Pittsburgh, PA, 15253
- City
- Pittsburgh
- State
- Pennsylvania
- Category
- Education
- Subcategory
- Educational Services
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $67.1M (FY2013) to $95.1M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $25KNet assets $14.0M
Operating margin
-2.2%
Spent more than it raised in the latest fiscal year.
Total assets
$14.1M
Total liabilities
$25K
Net assets
$14.0M
Salaries & benefits
$50K
0% of expenses
Board members
1
0 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $95,107,299▲1.8% | $97,164,921▲5.5% | $14,042,360▼12.8% | $14,067,533▼12.6% | 990 |
| 2023 | $93,431,327▲13.6% | $92,107,711▲10.5% | $16,099,982▲9.0% | $16,099,982▲9.0% | 990 |
| 2022 | $82,235,271▲5.5% | $83,325,969▲5.3% | $14,776,366▼6.9% | $14,776,366▼7.0% | 990 |
| 2021 | $77,964,861▼0.1% | $79,131,428▼2.6% | $15,867,064▼6.8% | $15,880,618▼6.8% | 990 |
| 2020 | $78,073,222▼19.8% | $81,239,326▼15.9% | $17,033,631▼15.7% | $17,033,631▼15.7% | 990 |
| 2019 | $97,337,529▲4.6% | $96,596,391▲3.8% | $20,199,735▲3.8% | $20,199,735▲3.8% | 990 |
| 2018 | $93,013,838▼7.1% | $93,098,659▼5.2% | $19,458,597▼0.4% | $19,458,597▼0.5% | 990 |
| 2017 | $100,084,672▲11.3% | $98,214,634▲8.9% | $19,543,418▲10.6% | $19,559,646▲10.6% | 990 |
| 2016 | $89,921,960▲14.5% | $90,197,160▲12.4% | $17,673,380▼1.5% | $17,688,763▼1.5% | 990 |
| 2015 | $78,522,874▲13.7% | $80,237,369▲6.6% | $17,948,580▼8.7% | $17,964,310▼8.7% | 990 |
| 2014 | $69,053,004▲3.0% | $75,245,575▲11.9% | $19,663,075▼24.0% | $19,680,057▼23.9% | 990 |
| 2013 | $67,066,473 | $67,235,900▲7.9% | $25,855,646▼0.7% | $25,855,646▼0.7% | 990 |
| 2012 | — | $62,284,299▲8.9% | $26,025,073▲11.9% | $26,025,073▲11.9% | 990 |
| 2011 | — | $57,199,511 | $23,263,645 | $23,263,645 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: The Bank of New York Mellon — $50,000 (0.05% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| The Bank of New York Mellon | Trustee (see Schedule O) | 0 | $50,000 |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Bcbs | Administration Fees | $3,507,410 |
| Alight Solutions | Administration Fees | $637,859 |
| Mercer Health Benefit LLC | Administration Fees | $436,414 |
| Aetna Health Management | Administration Fees | $323,554 |
| Cvs Health | Administration Fees | $315,978 |
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Frequently asked questions
- Is Chevron Phillips Chemical Co LP Health & Benefit Tr Veba a legitimate nonprofit?
- Yes. Chevron Phillips Chemical Co LP Health & Benefit Tr Veba is a 501(c)(9) organization registered with the U.S. Internal Revenue Service under EIN 74-2986045, based in Pittsburgh, Pennsylvania.
- What is Chevron Phillips Chemical Co LP Health & Benefit Tr Veba's EIN?
- Chevron Phillips Chemical Co LP Health & Benefit Tr Veba's Employer Identification Number (EIN) is 74-2986045.
- How much revenue does Chevron Phillips Chemical Co LP Health & Benefit Tr Veba report?
- Chevron Phillips Chemical Co LP Health & Benefit Tr Veba reported $95,107,299 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Chevron Phillips Chemical Co LP Health & Benefit Tr Veba's spending goes to programs?
- Chevron Phillips Chemical Co LP Health & Benefit Tr Veba spends about 100% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Chevron Phillips Chemical Co LP Health & Benefit Tr Veba have?
- CharityIndex grades Chevron Phillips Chemical Co LP Health & Benefit Tr Veba C, based on program efficiency and fundraising cost.
- How much does Chevron Phillips Chemical Co LP Health & Benefit Tr Veba's highest-paid employee make?
- The highest reported compensation on Chevron Phillips Chemical Co LP Health & Benefit Tr Veba's latest Form 990 is $50,000, paid to The Bank of New York Mellon (Trustee (see Schedule O)).
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Data for Chevron Phillips Chemical Co LP Health & Benefit Tr Veba (EIN 74-2986045) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.