Nonprofit · EIN 47-1412336
UPPER PENINSULA POWER COMPANY UNION VEBA TRUST
Tax-exempt · MARQUETTE, MI 49855
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,036,710 | $845,699 | $191,011 | $26,868,020 | $0 | $26,868,020 |
| December 31, 2023 | 990 | $707,425 | $764,947 | -$57,522 | $25,995,234 | $0 | $25,995,234 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $290,976
- Investment income
- $745,734
- Net gain from sales of assets
- $739,561
- Tax-exempt bond proceeds
- $6,173
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Benefits paid to members
- $754,474
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Program services (functional)
- $845,699
Balance sheet and other
- Total assets, start of year
- $25,995,234
- Total assets, end of year
- $26,868,020
- Total liabilities, end of year
- $0
- Net assets, end of year
- $26,868,020
- Gross receipts
- $1,099,828
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2014
- State of legal domicile
- MI
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| STATE STREET BANK AND TRUST COMPANY | TRUSTEE Institutional trustee | 0 | $0 |
990 for the year ended December 31, 2023: 1 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| STATE STREET BANK AND TRUST COMPANY | TRUSTEE Institutional trustee | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 1002 HARBOR HILLS DR, MARQUETTE, MI 49855-8851
- In care of
- % UPPER PENINSULA POWER COMPANY
- Principal officer (990 for 2024)
- NICHOLAS KATES, 1002 HARBOR HILLS DRIVE, MARQUETTE, MI 49855
- Signed the 990
- NICHOLAS KATES, CFO
- Phone
- (906) 232-1425
- Return prepared by
- WILLIS TOWERS WATSON US LLC
Mission
THE TRUST WAS ESTABLISHED TO PROVIDE MEDICAL, DENTAL, AND LIFE INSURANCE BENEFITS TO CERTAIN RETIREES OF UPPER PENINSULA POWER COMPANY.
Program accomplishments
- MEDICAL PREMIUMS FOR CERTAIN RETIREES OF UPPER PENINSULA POWER COMPANYExpenses $845,699
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 47-1412336
- Tax-exempt status
- 501(c)(9): Voluntary employees' beneficiary association
- Donations deductible
- No
- Exempt since
- 2016
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Mutual and membership benefit (Y43)
- Assets (IRS master file)
- $26,868,020
- Income (IRS master file)
- $1,099,828
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,036,710 | $845,699 | $26,868,020 | XML |
| 990 | December 2023 | $707,425 | $764,947 | $25,995,234 | XML |
| 990 | December 2022 | $1,025,350 | $909,264 | $23,997,690 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 47-1412336).
Questions about UPPER PENINSULA POWER COMPANY UNION VEBA TRUST
- What is the EIN of UPPER PENINSULA POWER COMPANY UNION VEBA TRUST?
- The employer identification number (EIN) of UPPER PENINSULA POWER COMPANY UNION VEBA TRUST is 47-1412336.
- Is UPPER PENINSULA POWER COMPANY UNION VEBA TRUST tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(9) since 2016.
- Are donations to UPPER PENINSULA POWER COMPANY UNION VEBA TRUST tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does UPPER PENINSULA POWER COMPANY UNION VEBA TRUST file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of UPPER PENINSULA POWER COMPANY UNION VEBA TRUST due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did UPPER PENINSULA POWER COMPANY UNION VEBA TRUST last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of UPPER PENINSULA POWER COMPANY UNION VEBA TRUST?
- The 990 for the year ended December 31, 2024 names NICHOLAS KATES.
- Who are the officers and directors of UPPER PENINSULA POWER COMPANY UNION VEBA TRUST?
- The 990 for the year ended December 31, 2024 lists 1 person; 0 received compensation from the organization.
- How much revenue does UPPER PENINSULA POWER COMPANY UNION VEBA TRUST have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,036,710, expenses of $845,699 and total assets of $26,868,020 at year end.
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