Overview
What is Employee Contribution Veba Trust St Olaf?
Employee Contribution Veba Trust St Olaf is a nonprofit organization situated in Charlotte, North Carolina. Its primary focus is to offer retirement health benefits to the former employees and their dependents, such as spouses and children, of the associated employer. While the main emphasis is on health benefits, as per the plan document, additional benefits may also be available. The trust aims to provide financial support and security during retirement, ensuring the well-being of its beneficiaries.
Official website here: www.stolaf.edu
Is Employee Contribution Veba Trust St Olaf legitimate?
Employee Contribution Veba Trust St Olaf is a legitimate nonprofit organization registered as a 501(c)(9) entity. Employee Contribution Veba Trust St Olaf 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.stolaf.edu
What is the mission statement of Employee Contribution Veba Trust St Olaf?
The mission of Employee Contribution Veba Trust St Olaf, as stated, is centered around providing retiree health benefits. This organization extends these benefits to the former employees of the associated employer, as well as their spouses and dependents. While the primary focus is on health benefits, the plan document may also outline other potential benefits. The trust pays for health benefits and insurance premiums for its members, ensuring that they have access to necessary medical coverage in their retirement years.
Official website here: www.stolaf.edu
Who is the CEO of Employee Contribution Veba Trust St Olaf?
Nathan Engle is the Principal Officer of Employee Contribution Veba Trust St Olaf.
Official website here: www.stolaf.edu
What is the revenue of Employee Contribution Veba Trust St Olaf?
Employee Contribution Veba Trust St Olaf's revenue in 2022 was $410,392.
Official website here: www.stolaf.edu
Who are the executives of Employee Contribution Veba Trust St Olaf and what are their salaries?
There is 1 key member and their salary:
- Compensation: $750
- Related: $0
- Other: $0
Official website here: www.stolaf.edu
Where can I find the form 990 for Employee Contribution Veba Trust St Olaf?
Employee Contribution Veba Trust St Olaf's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.stolaf.edu
Learn more at the official website: www.stolaf.edu
Mission Statement of Employee Contribution Veba Trust St Olaf
Employee Contribution Veba Trust St. Olaf, as a nonprofit organization, is committed to providing retiree health benefits to the former employees and their dependents of the employed entity. While the primary focus is on health benefits, the trust may also offer additional advantages, as detailed in the plan document. The mission of this trust is to ensure the well-being of its members post-retirement, offering them the peace of mind that comes with adequate healthcare coverage. The trust takes care of the health insurance premiums, ensuring that its members have continuous access to essential medical services. By providing these benefits, Employee Contribution Veba Trust St. Olaf plays a pivotal role in securing the financial stability and overall well-being of its members in their golden years.
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Impact
October, 2024
The Employee Contribution VEBA Trust St. Olaf plays a significant role in supporting the health and well-being of retirees from the employer and their families. By providing retiree health benefits, the trust ensures that former employees, along with their spouses and dependents, have access to necessary healthcare services in their retirement years.
This initiative not only alleviates the financial burden of health insurance premiums but also promotes a sense of security and peace of mind for members. The trust’s mission reflects a commitment to the long-term welfare of its participants, fostering a supportive community that values the contributions of its workforce even after they have transitioned from active employment.
Additionally, the trust may offer other benefits as outlined in its plan documents, further enhancing the support available to its members. By effectively managing resources and focusing on the specific needs of retirees, the trust contributes positively to the overall quality of life for those who served the organization, ensuring that they have reliable access to healthcare and related benefits.
This information is meant to be a general summary of Employee Contribution Veba Trust St Olaf. 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: $13,893
- Program Service Revenue: $396,499
- Gross Receipts: $784,913
Assets and Liabilities:
- Total Assets: $492,838
- Total Liabilities: $0
- Net Assets: $492,838
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Employee Contributions
Revenue
$396,378
TIAA-CREF Transactions
Revenue
$121
Organization Details
Founding Year
2006
Phone
(877) 535-3910Principal Officer
Nathan Engle
Main Address
8625 ANDREW CARNEGIE BLVD ATTN CORP, CHARLOTTE, NC, 28262
Website
www.stolaf.eduNTEE Category
Code: Y43 - Mutual benefit
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