Veba Trust For Union Employees of Keyspan Corporation
Strong reserves Declining revenue
Veba Trust For Union Employees of Keyspan Corporation is a 501(c)(9) organization based in Pittsburgh, Pennsylvania, registered in 1999, with $165,628,248 in FY2024 revenue.
Po Box 535007, Pittsburgh, PA, 15253 EIN 13-3914183 Since 1999
Revenue (FY2024)
$165.6M
▲ 1422.0% vs prior year
Membership median: $185K
Expenses (FY2024)
$73.1M
Net assets
$2.7B
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
—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 Veba Trust For Union Employees of Keyspan Corporation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
B+Financial health25% of the rating438 mo reserves · +56% 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 Veba Trust For Union Employees of Keyspan Corporation: 438 mo reserves · +56% 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 Veba Trust For Union Employees of Keyspan Corporation: 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 Veba Trust For Union Employees of Keyspan Corporation: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
To provide benefits to eligible members
Contact & location
- Address
- Po Box 535007, Pittsburgh, PA, 15253
- City
- Pittsburgh
- State
- Pennsylvania
- Category
- Mutual & Membership Benefit
- Subcategory
- Fraternal Societies
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $129.5M (FY2013) to $165.6M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $4.1MNet assets $2.7B
Operating margin
55.9%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$2.7B
Total liabilities
$4.1M
Net assets
$2.7B
Salaries & benefits
$145K
0% of expenses
Board members
1
0 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $165,628,248▲1422% | $73,077,378▲48.1% | $2,667,335,835▲148% | $2,671,457,238▲148% | 990 |
| 2023 | $10,882,351▼90.2% | $49,331,680 | $1,075,869,687▼3.5% | $1,077,167,491▼3.5% | 990 |
| 2022 | $111,299,046▼64.2% | $49,347,156▲2.7% | $1,114,319,016▲5.9% | $1,116,270,395▲4.3% | 990 |
| 2021 | $310,728,868▲538% | $48,032,207▲1.0% | $1,052,367,126▲33.3% | $1,069,869,045▲35.3% | 990 |
| 2020 | $48,696,989▲41.5% | $47,539,054▲8.5% | $789,670,465▲0.1% | $790,860,266▲0.3% | 990 |
| 2019 | $34,417,779▼44.3% | $43,817,522▼6.4% | $788,512,694▼1.2% | $788,512,694▼1.4% | 990 |
| 2018 | $61,819,986▼24.4% | $46,829,455▼0.6% | $797,912,543▲1.9% | $799,856,611▲2.2% | 990 |
| 2017 | $81,800,018▼65.5% | $47,095,685▲0.8% | $782,922,012▲4.6% | $782,938,137▲4.3% | 990 |
| 2016 | $237,168,082▲364% | $46,740,376▼1.3% | $748,217,679▲34.1% | $750,807,867▲34.5% | 990 |
| 2015 | $51,064,805▼32.7% | $47,353,898▲3.2% | $557,790,040▲0.7% | $558,082,299▲0.3% | 990 |
| 2014 | $75,860,527▼41.4% | $45,882,269▼4.1% | $554,079,133▲5.7% | $556,495,252▲5.9% | 990 |
| 2013 | $129,498,122 | $47,835,354▼8.0% | $524,100,875▲18.5% | $525,345,450▲15.9% | 990 |
| 2012 | — | $51,981,944▲30.4% | $442,438,107▲10.0% | $453,271,436▲9.3% | 990 |
| 2011 | — | $39,853,009 | $402,341,191 | $414,599,969 | 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 — $144,916 (0.20% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| The Bank of New York Mellon | Trustee (see Schedule O) | 0 | $144,916 |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Western Asset Management | Investment Mgmt | $895,142 |
| Gmo Gaar Strategy | Investment Mgmt | $390,799 |
| Legal and General | Investment Mgmt | $378,875 |
| Aon Hewitt | Consulting | $252,514 |
| Dodge Cox Funds | Investment Mgmt | $234,795 |
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Compare Veba Trust For Union Employees of Keyspan Corporation
Frequently asked questions
- Is Veba Trust For Union Employees of Keyspan Corporation a legitimate nonprofit?
- Yes. Veba Trust For Union Employees of Keyspan Corporation is a 501(c)(9) organization registered with the U.S. Internal Revenue Service under EIN 13-3914183, based in Pittsburgh, Pennsylvania.
- What is Veba Trust For Union Employees of Keyspan Corporation's EIN?
- Veba Trust For Union Employees of Keyspan Corporation's Employer Identification Number (EIN) is 13-3914183.
- How much revenue does Veba Trust For Union Employees of Keyspan Corporation report?
- Veba Trust For Union Employees of Keyspan Corporation reported $165,628,248 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much does Veba Trust For Union Employees of Keyspan Corporation's highest-paid employee make?
- The highest reported compensation on Veba Trust For Union Employees of Keyspan Corporation's latest Form 990 is $144,916, paid to The Bank of New York Mellon (Trustee (see Schedule O)).
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Data for Veba Trust For Union Employees of Keyspan Corporation (EIN 13-3914183) 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.