Is Consolidated Edison Post Retirement Life Insurance Veba Trust For Weekly Ees Legit?
Quick charity verification for Consolidated Edison Post Retirement Life Insurance Veba Trust For Weekly Ees (EIN: 133751051)
Verdict: Consolidated Edison Post Retirement Life Insurance Veba Trust For Weekly Ees appears trustworthy
70/100Mission Score
$0Revenue
$0Assets
3Red Flags
2Strengths
Red Flags
Consistent decline in assets from $4,051,706 in 2012 to $0 in the latest filing.
Expenses consistently exceeding revenue in all reported periods prior to the latest $0 filing.
Latest filing reports $0 revenue and $0 assets, indicating potential cessation of operations without clear public explanation in the provided data.
Strengths
0% officer compensation reported across all available filings, indicating no direct executive compensation from the trust.
Likely fulfilling its specific purpose as a VEBA trust for employee benefits, rather than a public charity with fundraising goals.
Spending Breakdown
How Consolidated Edison Post Retirement Life Insurance Veba Trust For Weekly Ees allocates its funds across programs, administration, and fundraising.
100%
Program Spending
Healthy — majority goes to mission
0%
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 Consolidated Edison Post Retirement Life Insurance Veba Trust For Weekly Ees
Is Consolidated Edison Post Retirement Life Insurance Veba Trust For Weekly Ees a legitimate charity?
Based on AI analysis of IRS 990 filings, Consolidated Edison Post Retirement Life Insurance Veba Trust For Weekly Ees (EIN: 133751051) appears trustworthy. Mission Score: 70/100. 3 red flags identified, 2 strengths noted.
Is Consolidated Edison Post Retirement Life Insurance Veba Trust For Weekly Ees a good charity to donate to?
Consolidated Edison Post Retirement Life Insurance Veba Trust For Weekly Ees has a Mission Score of 70/100. Revenue: $0. Assets: $0. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Consolidated Edison Post Retirement Life Insurance Veba Trust For Weekly Ees?
The Employer Identification Number (EIN) for Consolidated Edison Post Retirement Life Insurance Veba Trust For Weekly Ees is 133751051. 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 Consolidated Edison Post Retirement Life Insurance Veba Trust For Weekly Ees spend its money?
Consolidated Edison Post Retirement Life Insurance Veba Trust For Weekly Ees allocates 100% to programs, 0% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Consolidated Edison Post Retirement Life Insurance Veba Trust For Weekly Ees's tax-exempt status?
You can verify Consolidated Edison Post Retirement Life Insurance Veba Trust For Weekly Ees's tax-exempt status using EIN 133751051 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
Consolidated Edison Post Retirement Life Insurance Veba Trust For Weekly Ees appears to be a trust established for post-retirement life insurance benefits, rather than a traditional public charity. Its financial activity shows consistent expenses exceeding revenue in recent years, with a notable trend of declining assets from a high of $4,051,706 in 2012 to $113,637 in 2016, and eventually reporting $0 in both revenue and assets in its latest filing. This suggests a winding down or transfer of assets, or that its primary function is not generating public revenue or holding significant assets directly. The organization consistently reports 0% officer compensation, which is a positive indicator of efficient use of funds for its stated purpose, assuming the trust is managed by fiduciaries compensated elsewhere or on a pro-bono basis. Given its nature as a VEBA trust, its financial health is tied to the underlying benefit plan and not typically assessed like a public charity. The lack of detailed program spending breakdown in the provided data makes it difficult to assess spending efficiency beyond the absence of officer compensation.