Employer Contribution Veba Trust Colorado

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 043838436 ✦ Charlotte, NC ✦ Designated as a 501(c)(9)

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Overview

What is Employer Contribution Veba Trust Colorado?

Employer Contribution Veba Trust Colorado is a charitable organization, specifically a trust, situated in Charlotte, North Carolina. Its primary mission is to offer health benefits and insurance premiums to the former employees and their dependents of an unspecified employer, although additional benefits may be included as outlined in the plan document. The trust aims to provide retirement health benefits to its beneficiaries, ensuring their wellbeing in their later years.


Official website here: www.coloradocollege.edu

Is Employer Contribution Veba Trust Colorado legitimate?

Employer Contribution Veba Trust Colorado is a legitimate nonprofit organization registered as a 501(c)(9) entity. Employer Contribution Veba Trust Colorado 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

For more financial information, click here


Official website here: www.coloradocollege.edu

What is the mission statement of Employer Contribution Veba Trust Colorado?

The Employer Contribution Veba Trust Colorado, as per its mission, is dedicated to providing retirement health benefits to the former employees of the associated employer, as well as their spouses and dependents. While the primary focus is on healthcare benefits, additional advantages may be included, as outlined in the plan documentation. The organization is responsible for funding and managing the health benefits and insurance premiums for its members.


Official website here: www.coloradocollege.edu

Who is the CEO of Employer Contribution Veba Trust Colorado?

Lori Seager Vp is the Principal Officer of Employer Contribution Veba Trust Colorado.


Official website here: www.coloradocollege.edu

What is the revenue of Employer Contribution Veba Trust Colorado?

Employer Contribution Veba Trust Colorado's revenue in 2022 was $696,834.


Official website here: www.coloradocollege.edu

Who are the executives of Employer Contribution Veba Trust Colorado and what are their salaries?


There is 1 key member and their salary:


Tiaa Trust Na (Trustee)
  • Compensation: $750
  • Related: $0
  • Other: $0


Official website here: www.coloradocollege.edu

Where can I find the form 990 for Employer Contribution Veba Trust Colorado?

Employer Contribution Veba Trust Colorado's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.coloradocollege.edu

Learn more at the official website: www.coloradocollege.edu

Mission Statement of Employer Contribution Veba Trust Colorado

Employer Contribution Veba Trust Colorado, as stated in its mission description, is dedicated to providing retirement health benefits to the former employees of its associated employer, along with their spouses and dependents. While the organization primarily focuses on health benefits, it may also offer additional benefits as outlined in the plan document. This mission aims to ensure that the retirees of the employer continue to receive necessary health coverage, providing them with peace of mind and continued access to essential medical services. The trust pays for health benefits and insurance premiums for its members, thereby fulfilling its role in supporting the well-being of its beneficiaries.

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Impact




October, 2024

Employer Contribution VEBA Trust Colorado significantly impacts the community by providing essential retiree health benefits to former employees and their families. By ensuring access to health benefits and insurance premiums, the trust helps alleviate the financial burden that healthcare expenses can place on retirees and their dependents. This support translates into improved health outcomes and increased quality of life for beneficiaries, allowing them to focus on enjoying their retirement years.

Additionally, the trust enhances employee morale and retention by enabling employers to offer a robust benefits package that includes post-employment health coverage. This can be particularly beneficial in fostering a sense of loyalty and appreciation among current employees, knowing that their future well-being is prioritized. Overall, the VEBA Trust plays a vital role in enhancing the financial security and health of retirees, thus contributing positively to community well-being.




This information is meant to be a general summary of Employer Contribution Veba Trust Colorado. 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.

Revenue
$696,834 (2022)
Expenses
$484,256 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $286,278
  • Program Service Revenue: $410,556
  • Gross Receipts: $1,502,817

Assets and Liabilities:

  • Total Assets: $9,888,287
  • Total Liabilities: $0
  • Net Assets: $9,888,287

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

Employer Contributions

Revenue

$410,556

Organization Details

Founding Year

2005

Principal Officer

Lori Seager Vp

Main Address

8625 ANDREW CARNEGIE BLVD ATTN CORP, CHARLOTTE, NC, 28262

NTEE Category

Code: Y43 - Mutual benefit

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