General Mills Inc Voluntary Emp Beneficiary Assoc Non-union
501(c)(9)
Strong reserves Growing revenue
General Mills Inc Voluntary Emp Beneficiary Assoc Non-union is a 501(c)(9) organization based in Pittsburgh, Pennsylvania, registered in 1996, with $36,480,810 in FY2024 revenue.
Po Box 535007, Pittsburgh, PA, 15253 EIN 41-1782433 Since 1996
Revenue (FY2024)
$36.5M
▲ 145.8% vs prior year
Expenses (FY2024)
$45.7M
Net assets
$295.3M
Employees
0
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
D
—Program efficiency40% of the ratingNo expense breakdown in filings
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. Not scored for General Mills Inc Voluntary Emp Beneficiary Assoc Non-union— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DFinancial health25% of the rating78 mo reserves · -25% 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 General Mills Inc Voluntary Emp Beneficiary Assoc Non-union: 78 mo reserves · -25% margin earns a D 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 General Mills Inc Voluntary Emp Beneficiary Assoc Non-union: 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 General Mills Inc Voluntary Emp Beneficiary Assoc Non-union: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
This veba is used to pay for the cost of retiree health care benefits of non-union employees.
Contact & location
- Address
- Po Box 535007, Pittsburgh, PA, 15253
- City
- Pittsburgh
- State
- Pennsylvania
- Category
- —
- Subcategory
- —
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $14.1M (FY2013) to $36.5M (FY2024) across 11 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $295.3M
Operating margin
-25.3%
Spent more than it raised in the latest fiscal year.
Total assets
$295.3M
Total liabilities
$0
Net assets
$295.3M
Salaries & benefits
$31K
0% of expenses
Board members
4
0 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $36,480,810▲146% | $45,706,266▲245% | $295,338,016▼2.4% | $295,338,016▼2.4% | 990 |
| 2023 | $14,839,699▼3.2% | $13,247,278▼9.3% | $302,621,106▲16.6% | $302,621,106▲16.6% | 990 |
| 2022 | $15,327,101▼37.4% | $14,610,082▼19.2% | $259,487,076▼21.9% | $259,487,076▼21.9% | 990 |
| 2021 | $24,468,133▼35.5% | $18,088,027▼21.4% | $332,177,809▲12.0% | $332,177,809▲12.0% | 990 |
| 2020 | $37,961,553▲104% | $23,010,145▲132% | $296,671,786▲11.1% | $296,671,786▲11.1% | 990 |
| 2019 | $18,592,535▼70.2% | $9,913,909▼2.0% | $267,020,395▲21.3% | $267,020,395▲21.3% | 990 |
| 2017 | $62,482,960▲299% | $10,114,895▼2.0% | $220,156,277▲21.6% | $220,156,277▲21.6% | 990 |
| 2016 | $15,654,831▲3.3% | $10,323,309▼5.8% | $181,041,576▲6.6% | $181,041,576▲6.6% | 990 |
| 2015 | $15,152,831▲2.1% | $10,958,854▲9.2% | $169,905,932▲4.1% | $169,905,932▲4.1% | 990 |
| 2014 | $14,847,536▲5.0% | $10,031,885▲52.3% | $163,143,169▲8.4% | $163,143,169▲8.4% | 990 |
| 2013 | $14,142,328 | $6,588,888▲135% | $150,548,384▲23.0% | $150,548,384▲23.0% | 990 |
| 2012 | — | $2,804,507▲16.8% | $122,378,713▲21.3% | $122,378,713▲21.3% | 990 |
| 2011 | — | $2,400,977 | $100,911,764 | $100,911,764 | 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 — $30,936 (0.07% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| The Bank of New York Mellon | Trustee | 0 | $30,936 |
| J Siemon | Director | 0 | — |
| J Williams-roll | Director | 0 | — |
| K Bruce | Director | 0 | — |
| K Wilson Thissen | Director | 0 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Prudential | Investment Mgmt Fees | $628,773 |
| Hewitt Associates | Recordkeeping Svcs. | $183,150 |
Frequently asked questions
- Is General Mills Inc Voluntary Emp Beneficiary Assoc Non-union a legitimate nonprofit?
- Yes. General Mills Inc Voluntary Emp Beneficiary Assoc Non-union is a 501(c)(9) organization registered with the U.S. Internal Revenue Service under EIN 41-1782433, based in Pittsburgh, Pennsylvania.
- What is General Mills Inc Voluntary Emp Beneficiary Assoc Non-union's EIN?
- General Mills Inc Voluntary Emp Beneficiary Assoc Non-union's Employer Identification Number (EIN) is 41-1782433.
- How much revenue does General Mills Inc Voluntary Emp Beneficiary Assoc Non-union report?
- General Mills Inc Voluntary Emp Beneficiary Assoc Non-union reported $36,480,810 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much does General Mills Inc Voluntary Emp Beneficiary Assoc Non-union's highest-paid employee make?
- The highest reported compensation on General Mills Inc Voluntary Emp Beneficiary Assoc Non-union's latest Form 990 is $30,936, paid to The Bank of New York Mellon (Trustee).
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Data for General Mills Inc Voluntary Emp Beneficiary Assoc Non-union (EIN 41-1782433) 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.