Is Con Edison Postretirement Life Ins Veba Tr For Management Employees Legit?
Quick charity verification for Con Edison Postretirement Life Ins Veba Tr For Management Employees (EIN: 133751052)
Verdict: Con Edison Postretirement Life Ins Veba Tr For Management Employees appears trustworthy
85/100Mission Score
$9.2MRevenue
$64.7MAssets
2Red Flags
3Strengths
Red Flags
Frequent annual operating deficits (e.g., $1,359,664 in 2023, $3,687,744 in 2022) where expenses exceed revenue, though this may be typical for a VEBA trust drawing on assets.
Lack of detailed program service accomplishments in public filings, making it difficult to assess the direct impact of its spending beyond its stated purpose.
Strengths
Consistent reporting of 0% officer compensation, indicating highly efficient administrative overhead for executive pay.
Substantial asset base ($65,658,144 in 2023) providing financial stability for future benefit obligations.
Clear and consistent purpose as a VEBA trust for postretirement life insurance benefits.
Spending Breakdown
How Con Edison Postretirement Life Ins Veba Tr For Management Employees allocates its funds across programs, administration, and fundraising.
95%
Program Spending
Healthy — majority goes to mission
5%
Admin Costs
Reasonable — admin costs in check
0%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Con Edison Postretirement Life Ins Veba Tr For Management Employees
Is Con Edison Postretirement Life Ins Veba Tr For Management Employees a legitimate charity?
Based on AI analysis of IRS 990 filings, Con Edison Postretirement Life Ins Veba Tr For Management Employees (EIN: 133751052) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 3 strengths noted.
Is Con Edison Postretirement Life Ins Veba Tr For Management Employees a good charity to donate to?
Con Edison Postretirement Life Ins Veba Tr For Management Employees has a Mission Score of 85/100. Revenue: $9.2M. Assets: $64.7M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Con Edison Postretirement Life Ins Veba Tr For Management Employees?
The Employer Identification Number (EIN) for Con Edison Postretirement Life Ins Veba Tr For Management Employees is 133751052. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Con Edison Postretirement Life Ins Veba Tr For Management Employees spend its money?
Con Edison Postretirement Life Ins Veba Tr For Management Employees allocates 95% to programs, 5% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Con Edison Postretirement Life Ins Veba Tr For Management Employees's tax-exempt status?
You can verify Con Edison Postretirement Life Ins Veba Tr For Management Employees's tax-exempt status using EIN 133751052 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
Con Edison Postretirement Life Ins Veba Tr For Management Employees appears to be a trust established for postretirement benefits, rather than a traditional public charity. Its financial activities primarily involve managing assets and distributing benefits, as indicated by its consistent expenses, which often exceed revenue. For example, in 2023, expenses were $8,383,964 against revenues of $7,024,300, resulting in a deficit. This operational model is typical for a VEBA (Voluntary Employees' Beneficiary Association) trust, where contributions and investment income fund future benefit payments.
The organization consistently reports zero officer compensation, which is a positive indicator of efficient management of its specific trust purpose. However, without a clear NTEE code or detailed program service accomplishments, it's challenging to assess its 'program spending' in the traditional sense of a public charity. Its financial health is stable, with substantial assets of $65,658,144 in 2023, providing a buffer for future obligations, despite fluctuating annual revenues and expenses. The significant liabilities in 2021 ($1,953,043) compared to other years (e.g., $48,907 in 2023) suggest variability in its financial obligations, which warrants further investigation into the nature of these liabilities.