Overview
What is Usec Benefit Trust For Hourly Employees?
Usec Benefit Trust For Hourly Employees is a nonprofit organization situated in Bethesda, Maryland. Its primary objective is to gather investment income and offer retirement benefits to hourly employees who are collectively bargained under United States Enrichment Corporation. This trust is also used as a means to fund retirement medical, as well as life insurance benefits for retired hourly employees.
Is Usec Benefit Trust For Hourly Employees legitimate?
Usec Benefit Trust For Hourly Employees is a legitimate nonprofit organization registered as a 501(c)(9) entity. Usec Benefit Trust For Hourly 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Usec Benefit Trust For Hourly Employees?
The Usec Benefit Trust For Hourly Employees serves as a funding vehicle, with its primary mission being to provide retirement benefits to retired hourly employees of United States Enrichment Corporation. This trust accumulates investment income and uses it to offer these benefits, ensuring the financial security of its beneficiaries in their post-employment years. The trust's purpose is to support the well-being and financial stability of its collective bargained hourly employees during their retirement.
Who is the CEO of Usec Benefit Trust For Hourly Employees?
Philip Strawbridge is the Svp of Usec Benefit Trust For Hourly Employees.
What is the revenue of Usec Benefit Trust For Hourly Employees?
Usec Benefit Trust For Hourly Employees's revenue in 2022 was -$6,226.
Who are the executives of Usec Benefit Trust For Hourly Employees and what are their salaries?
Here are 4 key members and their salaries:
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- Compensation: $2,500
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- Other: $0
- Compensation: $3,750
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- Other: $0
Where can I find the form 990 for Usec Benefit Trust For Hourly Employees?
Usec Benefit Trust For Hourly Employees's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Usec Benefit Trust For Hourly Employees
The Usec Benefit Trust for Hourly Employees serves as a funding vehicle, with a mission to provide retirement benefits for the retired hourly employees of United States Enrichment Corporation. This trust collects investment income and utilizes it to grant these retirement benefits, acting as a crucial support mechanism for its beneficiaries. The overarching goal of the Usec Benefit Trust for Hourly Employees is to ensure the financial security and well-being of its retired hourly employees, offering them a measure of stability and peace of mind in their post-employment years.
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Impact
October, 2024
The Usec Benefit Trust For Hourly Employees plays a crucial role in supporting the financial security and well-being of retired hourly employees of the United States Enrichment Corporation. By funding retirement medical and life insurance benefits, the Trust ensures that these employees receive essential support after their working years.
Through the collection of investment income, the Trust is able to provide a stable source of retirement benefits, helping to alleviate financial burdens associated with healthcare and other life necessities. This funding vehicle directly impacts the quality of life for retirees, promoting peace of mind during their post-employment years. By focusing on collectively bargained benefits, the Trust not only reinforces the commitment to employee welfare but also upholds the values of mutual support within the labor community. Overall, it contributes significantly to the financial health and security of its beneficiaries.
This information is meant to be a general summary of Usec Benefit Trust For Hourly 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: -$6,226
- Gross Receipts: $11,246,537
Assets and Liabilities:
- Total Assets: $3,532,130
- Total Liabilities: $0
- Net Assets: $3,532,130
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Organization Details
Founding Year
1999
Phone
(301) 564-3200Principal Officer
Philip Strawbridge
Main Address
6901 ROCKLEDGE DRIVE 800, BETHESDA, MD, 20817
NTEE Category
Code: Y43 - Mutual benefit
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