Overview
What is Master Trust Agreement For Welfare Benefits?
The Master Trust Agreement for Welfare Benefits is a pact between fraternal beneficiary societies and voluntary employees associations based in Somerville, Massachusetts. Their primary objective is to extend life, sickness, accident, and other essential benefits to their members. The agreement governs the funding and management of various trust programs outlined within.
Is Master Trust Agreement For Welfare Benefits legitimate?
Master Trust Agreement For Welfare Benefits is a legitimate nonprofit organization registered as a 501(c)(9) entity. Master Trust Agreement For Welfare Benefits 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 Master Trust Agreement For Welfare Benefits?
The Master Trust Agreement for Welfare Benefits is a commitment to extending life, sickness, accident, and various other benefits to individuals. Through this agreement, fraternal beneficiary societies and voluntary employees associations collaborate to ensure the funding of these trust programs. The primary mission is to offer protection and support during times of need, enriching the lives of beneficiaries.
Who is the CEO of Master Trust Agreement For Welfare Benefits?
Mass General Brigham Inco is the Principal Officer of Master Trust Agreement For Welfare Benefits.
What is the revenue of Master Trust Agreement For Welfare Benefits?
Master Trust Agreement For Welfare Benefits's revenue in 2022 was $12,702,299.
Who are the executives of Master Trust Agreement For Welfare Benefits and what are their salaries?
There is 1 key member and their salary:
- Compensation: $683,223
- Related: $0
- Other: $0
Where can I find the form 990 for Master Trust Agreement For Welfare Benefits?
Master Trust Agreement For Welfare Benefits's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Master Trust Agreement For Welfare Benefits
The Master Trust Agreement for Welfare Benefits is a commitment made between various fraternal beneficiary societies and voluntary employees associations. This agreement is dedicated to extending life, sickness, accident, and other essential benefits to those in need. The Master Trust Agreement serves as a funding source for these programs, ensuring that individuals receive the support they require during challenging times. By pooling their resources, these organizations are able to offer comprehensive benefits packages, providing security and peace of mind for beneficiaries.
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Impact
October, 2024
The Master Trust Agreement for Welfare Benefits plays a crucial role in providing essential life, sickness, and accident benefits to members of fraternal beneficiary societies and voluntary employees associations. By establishing a framework for funding trust programs, it ensures that individuals and their families have access to necessary support during times of need.
This agreement facilitates the pooling of resources among participating organizations, which enhances the collective ability to provide financial assistance and benefits. As a result, members can rely on a safety net that mitigates the risks associated with health issues and accidents, thereby improving their overall well-being and security.
Additionally, it fosters a sense of community and mutual support among members, which can strengthen the social fabric of the groups involved. The agreement not only outlines the benefits provided but also sets clear expectations for its administration, thereby enhancing transparency and trust among participants.
Ultimately, the Master Trust Agreement for Welfare Benefits serves as a vital instrument for promoting the welfare of individuals within these societies, ensuring that they are protected against unforeseen circumstances and can maintain their quality of life.
This information is meant to be a general summary of Master Trust Agreement For Welfare Benefits. 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: $1,150,221
- Program Service Revenue: $11,552,078
- Gross Receipts: $12,702,299
Assets and Liabilities:
- Total Assets: $150,443,269
- Total Liabilities: $0
- Net Assets: $150,443,269
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYEE CONTRIBUTIONS
Revenue
$11,552,078
Organization Details
Phone
(857) 282-0747Principal Officer
Mass General Brigham Inco
Main Address
399 REVOLUTION DRIVE 645, SOMERVILLE, MA, 02145
NTEE Category
Code: Y43 - Mutual benefit
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