Employer Contribution Veba Trust

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

EIN: 043838442 ✦ Charlotte, NC ✦ Designated as a 501(c)(9)

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Overview

What is Employer Contribution Veba Trust?

Employer Contribution Veba Trust is a nonprofit organization located in Charlotte, North Carolina, with a specific focus on providing health benefits and insurance premiums to the former employees and their families of the associated employer. The trust's mission encompasses offering retiree health benefits, as well as potentially providing additional benefits, as detailed in the plan document. This organization serves as a vital resource for retired employees and their dependents, ensuring they have access to necessary healthcare services.


Official website here: www.haverford.edu

Is Employer Contribution Veba Trust legitimate?

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

For more financial information, click here


Official website here: www.haverford.edu

What is the mission statement of Employer Contribution Veba Trust?

The Employer Contribution Veba Trust's mission is centered around providing health benefits to the former employees of the associated employer, as well as their spouses and dependents. While the primary focus is on health benefits, additional benefits may be offered, as outlined in the plan document. The trust is responsible for covering health-related expenses and insurance premiums for its members.


Official website here: www.haverford.edu

Who is the CEO of Employer Contribution Veba Trust?

Nico Washington is the Principal Officer of Employer Contribution Veba Trust.


Official website here: www.haverford.edu

What is the revenue of Employer Contribution Veba Trust?

Employer Contribution Veba Trust's revenue in 2022 was $697,712.


Official website here: www.haverford.edu

Who are the executives of Employer Contribution Veba Trust 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.haverford.edu

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

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


Official website here: www.haverford.edu

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

Mission Statement of Employer Contribution Veba Trust

Employer Contribution Veba Trust is an organization dedicated to providing retiree health benefits. This nonprofit extends its services not only to the former employees of the employer but also to their spouses and dependents. While the primary focus is on health benefits, the trust may offer additional benefits as outlined in the plan document. The mission of Employer Contribution Veba Trust is to ensure that retired employees and their families have access to necessary health benefits and insurance premiums, thereby providing them with a degree of financial security in their later years.

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Impact




October, 2024

The Employer Contribution Veba Trust plays a significant role in delivering crucial health benefits to retirees, their spouses, and dependents of participating employers. By focusing on providing retiree health benefits, the Trust ensures that former employees have access to essential healthcare services during their retirement years, which can alleviate financial burdens related to medical costs.

This initiative not only fosters a sense of security and well-being among retirees but also enhances employee morale and loyalty during their working years. Knowing that there are structured health benefits waiting for them post-retirement can be a motivating factor for employees to remain committed to their employer.

Furthermore, the flexibility to include additional benefits as outlined in the plan document demonstrates the adaptability of the Trust to meet varying needs, thereby increasing its value to members. Overall, the Employer Contribution Veba Trust significantly contributes to the health and financial stability of retirees, making it a vital resource within the community it serves.




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

Revenue
$697,712 (2022)
Expenses
$166,407 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $409,795
  • Program Service Revenue: $287,917
  • Gross Receipts: $1,472,103

Assets and Liabilities:

  • Total Assets: $7,669,048
  • Total Liabilities: $0
  • Net Assets: $7,669,048

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Programs

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

Employer Contributions

Revenue

$287,917

Organization Details

Founding Year

2005

Principal Officer

Nico Washington

Main Address

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

NTEE Category

Code: Y43 - Mutual benefit

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