Overview
What is Raytheon Benefit Trust For Active & Retired Employees?
Raytheon Benefit Trust for Active & Retired Employees is a specialized welfare trust, located in Farmington, Connecticut. Its primary objective is to offer exclusive benefits to eligible employees of the employer, their dependents, and designated beneficiaries. The trust collects employee contributions and manages claims, adhering to the Internal Revenue Code's provisions relating to Voluntary Employer-sponsored Benefit Arrangements (VEBAs). The trust's goal is to provide a well-being support system for the employer's workforce, ensuring their financial security and well-being.
Is Raytheon Benefit Trust For Active & Retired Employees legitimate?
Raytheon Benefit Trust For Active & Retired Employees is a legitimate nonprofit organization registered as a 501(c)(9) entity. Raytheon Benefit Trust For Active & Retired Employees submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $3,262
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Raytheon Benefit Trust For Active & Retired Employees?
The Raytheon Benefit Trust for Active & Retired Employees is established with the primary purpose of extending exclusive benefits to eligible employees, their dependents, and designated beneficiaries. The trust is designed to collect employee contributions and facilitate the payment of employee benefits, also known as claims. The interpretations of the trust agreements are intended to align with the intentions of Raytheon, ensuring compliance with the relevant provisions of the Internal Revenue Code relating to Voluntary Employer-sponsored Benefit Plans (VEBAs).
Who is the CEO of Raytheon Benefit Trust For Active & Retired Employees?
Bny Mellon is the Principal Officer of Raytheon Benefit Trust For Active & Retired Employees.
What is the revenue of Raytheon Benefit Trust For Active & Retired Employees?
Raytheon Benefit Trust For Active & Retired Employees's revenue in 2022 was $6,813,674.
Who are the executives of Raytheon Benefit Trust For Active & Retired Employees and what are their salaries?
There is 1 key member and their salary:
- Compensation: $3,262
- Related: $0
- Other: $0
Where can I find the form 990 for Raytheon Benefit Trust For Active & Retired Employees?
Raytheon Benefit Trust For Active & Retired Employees's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Raytheon Benefit Trust For Active & Retired Employees
Raytheon Benefit Trust for Active & Retired Employees is established with a mission to provide exclusive benefits to eligible employees of the employer, their dependent family members, and designated beneficiaries. The primary objective of this trust is to collect employee contributions and pay out employee benefits, also known as claims, in a manner that aligns with the intent of Raytheon and satisfies the provisions of the Internal Revenue Code relating to Voluntary Employer-Sponsored Retirement Plans (VEBAs). This trust is designed to enhance the welfare of its beneficiaries by offering them a range of benefits, ensuring financial security and well-being.
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Impact
October, 2024
Raytheon Benefit Trust for Active & Retired Employees impacts the lives of eligible employees and their dependents by providing essential welfare benefits. The trust is dedicated to ensuring that those who have served the organization, along with their families, receive necessary support through a structured benefits framework. By collecting employee contributions and disbursing benefits, the trust actively contributes to the financial well-being and security of its members.
This arrangement allows for the payment of legitimate claims, reinforcing trust among participants that their contributions are managed responsibly. The mission emphasizes a commitment to fulfilling the needs of employees and their loved ones, reflecting Raytheon's intention to uphold the provisions of the Internal Revenue Code concerning Voluntary Employee Beneficiary Associations (VEBAs). Through these efforts, the trust fosters a sense of community and mutual benefit among its members, enhancing overall employee morale and satisfaction.
This information is meant to be a general summary of Raytheon Benefit Trust For Active & Retired Employees. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $4,077,689
- Program Service Revenue: $2,735,985
- Gross Receipts: $6,813,674
Assets and Liabilities:
- Total Assets: $83,034,813
- Total Liabilities: $0
- Net Assets: $83,034,813
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYEE CONTRIBUTION
Revenue
$2,735,985
Organization Details
Founding Year
1993
Phone
(781) 790-6895Principal Officer
Bny Mellon
Main Address
4 FARM SPRINGS RD, FARMINGTON, CT, 06032
NTEE Category
Code: Y40 - Mutual benefit
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