Overview
What is Rockefeller Foundation Voluntary Employee Beneficiary Association?
The Rockefeller Foundation Voluntary Employee Beneficiary Association (VEBA) is a nonprofit organization, specifically an IRC Section 501(c)(9) VEBA Trust, situated in New York, New York. Its primary mission is to fund welfare and medical benefits, including premiums, for the employees, retirees, and their eligible dependents under plans maintained by the Rockefeller Foundation, serving as the sponsoring organization. The VEBA Trust's sole member, Bank of New York Mellon, acts as the institutional trustee, ensuring the proper management and distribution of these benefits.
Is Rockefeller Foundation Voluntary Employee Beneficiary Association legitimate?
Rockefeller Foundation Voluntary Employee Beneficiary Association is a legitimate nonprofit organization registered as a 501(c)(9) entity. Rockefeller Foundation Voluntary Employee Beneficiary Association 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: $8,708
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Rockefeller Foundation Voluntary Employee Beneficiary Association?
The Rockefeller Foundation Voluntary Employee Beneficiary Association (VEBA) is a trust, classified under IRC Section 501(c)(9), dedicated to funding welfare and medical benefits, including premiums, for the employees, retirees, and their eligible dependents of the Rockefeller Foundation. Its primary purpose is to ensure the well-being of its beneficiaries by providing necessary benefits under the plans maintained by the Rockefeller Foundation. The Bank of New York Mellon serves as the institutional trustee for this VEBA, managing its operations.
Who is the CEO of Rockefeller Foundation Voluntary Employee Beneficiary Association?
Dominick Impemba is the Trustee of Rockefeller Foundation Voluntary Employee Beneficiary Association.
What is the revenue of Rockefeller Foundation Voluntary Employee Beneficiary Association?
Rockefeller Foundation Voluntary Employee Beneficiary Association's revenue in 2022 was $24,072.
Who are the executives of Rockefeller Foundation Voluntary Employee Beneficiary Association and what are their salaries?
There is 1 key member and their salary:
- Compensation: $8,708
- Related: $1,136,782
- Other: $0
Where can I find the form 990 for Rockefeller Foundation Voluntary Employee Beneficiary Association?
Rockefeller Foundation Voluntary Employee Beneficiary Association's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Rockefeller Foundation Voluntary Employee Beneficiary Association
The Rockefeller Foundation Voluntary Employee Beneficiary Association (RFVEBA) is a nonprofit organization with a primary mission to fund welfare and medical benefits, including premiums, for the employees, retirees, and their eligible dependents of the Rockefeller Foundation. This mission is accomplished by maintaining various benefit plans under the sponsorship of the Rockefeller Foundation. The sole member of this VEBA, Bank of New York Mellon, serves as the institutional trustee, overseeing the operations and management of the RFVEBA. In essence, the RFVEBA is established to ensure the financial well-being and healthcare coverage of its members, providing them with essential benefits and support during their employment and retirement years.
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Impact
October, 2024
The Rockefeller Foundation Voluntary Employee Beneficiary Association (VEBA) plays a significant role in providing crucial welfare and medical benefits to its employees, retirees, and their eligible dependents. By funding these benefits, the VEBA ensures that individuals associated with the Rockefeller Foundation have access to necessary health care and support services, enhancing their overall well-being.
With a focus on welfare programs, the VEBA manages and covers premiums under established plans, facilitating financial security and health assurance for its members. This initiative not only improves employee morale and retention but also underscores the foundation's commitment to the welfare of its community. By addressing these essential needs, the VEBA contributes positively to the quality of life for those it serves, reinforcing the interconnectedness of employee satisfaction and organizational success.
This information is meant to be a general summary of Rockefeller Foundation Voluntary Employee Beneficiary Association. 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: $24,072
- Gross Receipts: $24,072
Assets and Liabilities:
- Total Assets: $1,715,660
- Total Liabilities: $0
- Net Assets: $1,715,660
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Organization Details
Founding Year
2002
Phone
(212) 852-8220Principal Officer
Dominick Impemba
Main Address
420 FIFTH AVENUE, NEW YORK, NY, 100182702
NTEE Category
Code: Y43 - Mutual benefit
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