Overview
What is Waters Corporation Employees' Welfare Benefit Trust?
Waters Corporation Employees' Welfare Benefit Trust is a nonprofit organization based in Milford, Massachusetts. The primary purpose of this trust, as established by Waters Corporation, is to provide eligible retirees with permissible health and welfare benefits, as outlined in Section 501(C)(9) of the Internal Revenue Code. These benefits are covered under the Waters Health Care Reimbursement Plan for Retirees. The trust is responsible for funding and paying out these benefits, as well as covering administrative expenses. The trust's mission is to ensure the well-being of Waters Corporation's retired employees by providing necessary health and welfare benefits.
Is Waters Corporation Employees' Welfare Benefit Trust legitimate?
Waters Corporation Employees' Welfare Benefit Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Waters Corporation Employees' Welfare Benefit Trust 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Waters Corporation Employees' Welfare Benefit Trust?
The Waters Corporation Employees' Welfare Benefit Trust has been established with the primary purpose of funding and paying benefits, including administrative expenses, for eligible retirees under the Waters Retire Health Care Reimbursement Plan for Retirees, as outlined in Schedule O. The trust operates under Code Section 501(C)(9) and is committed to providing permissible health and welfare benefits to these eligible retirees from the VEBA Trust, in accordance with the Waters Health Care Reimbursement Plan for Retirees. The trust aims to support the well-being of its retirees by providing essential health benefits, ensuring their financial security post-retirement.
What is the revenue of Waters Corporation Employees' Welfare Benefit Trust?
Waters Corporation Employees' Welfare Benefit Trust's revenue in 2023 was $2,635,229.
Who are the executives of Waters Corporation Employees' Welfare Benefit Trust and what are their salaries?
There is 1 key member and their salary:
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Waters Corporation Employees' Welfare Benefit Trust?
Waters Corporation Employees' Welfare Benefit Trust's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Waters Corporation Employees' Welfare Benefit Trust
The Waters Corporation Employees' Welfare Benefit Trust was established with the primary purpose of funding and covering allowable health and welfare benefits, as well as administrative expenses, for eligible retirees under the Waters Retire Health Care Reimbursement Plan for Retirees, according to its schedule O. In essence, the mission of this trust is to provide permissible health and welfare benefits, as stipulated by Code Section 501(C)(9), to its eligible retirees, utilizing funds from the VEBA Trust, under the Waters Health Care Reimbursement Plan for Retirees. In simpler terms, the trust serves to financially support the medical and welfare needs of its retired beneficiaries, ensuring they continue to receive essential benefits post-retirement.
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Impact
October, 2024
Waters Corporation Employees' Welfare Benefit Trust is instrumental in providing essential health and welfare benefits to eligible retirees. By funding and managing benefits under the Waters Retiree Health Care Reimbursement Plan, the Trust ensures that retirees receive support for their healthcare expenses, enhancing their quality of life during retirement.
Established with the core purpose of complying with relevant tax regulations, the Trust acts as a vehicle for retirees to access necessary financial assistance. This support plays a crucial role in alleviating the burden of healthcare costs, which can be significant for those on fixed incomes. Furthermore, the Trust's effectiveness in managing these benefits contributes to the overall well-being and satisfaction of retirees, reflecting positively on the culture of care within Waters Corporation.
In summary, the Trust not only meets the immediate needs of retirees by facilitating access to healthcare resources but also fosters a sense of security and community among former employees, reinforcing the lifelong relationship between them and Waters Corporation.
This information is meant to be a general summary of Waters Corporation Employees' Welfare Benefit Trust. 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 2023.
- Investment Income: $378,769
- Program Service Revenue: $1,671,725
- Gross Receipts: $14,933,068
Assets and Liabilities:
- Total Assets: $15,723,563
- Total Liabilities: $226,677
- Net Assets: $15,496,886
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYEE CONTRIBUTIONS
Revenue
$1,136,772
EMPLOYER CONTRIBUTIONS
Revenue
$534,953
Organization Details
Founding Year
1995
Principal Officer
Jill Brown
NTEE Category
Code: Y40 - Mutual benefit
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