Employee Contribution Veba Trust Colorado

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

EIN: 043838492 ✦ Charlotte, NC ✦ Designated as a 501(c)(9)

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Overview

What is Employee Contribution Veba Trust Colorado?

Employee Contribution Veba Trust Colorado is a nonprofit organization established to provide retired health benefits to former employees of a certain employer, along with their spouses and dependents. This trust, based in Charlotte, North Carolina, contributes towards the health insurance premiums of its eligible members. It offers a range of benefits to its members, beyond just health coverage, as detailed in the plan document.


Official website here: www.coloradocollege.edu

Is Employee Contribution Veba Trust Colorado legitimate?

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

The Employee Contribution Veba Trust Colorado is committed to providing retirement health benefits to the former employees and their dependent family members of the affiliated employer. While the primary focus is on health benefits and insurance premiums, additional benefits may be included as outlined in the plan document. The trust aims to support the well-being of its members by providing necessary health coverage during their retirement years.


Official website here: www.coloradocollege.edu

Who is the CEO of Employee Contribution Veba Trust Colorado?

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


Official website here: www.coloradocollege.edu

What is the revenue of Employee Contribution Veba Trust Colorado?

Employee Contribution Veba Trust Colorado's revenue in 2022 was $273,419.


Official website here: www.coloradocollege.edu

Who are the executives of Employee 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 Employee Contribution Veba Trust Colorado?

Employee 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 Employee Contribution Veba Trust Colorado

Employee Contribution Veba Trust Colorado, in its mission, aims to extend retiree health benefits to the former employees and their families. This nonprofit organization provides a range of health benefits and covers the insurance premiums for its members. The plan document may also include other benefits, as mentioned. The primary goal of Employee Contribution Veba Trust Colorado is to ensure the well-being of its members, offering them health benefits that they can rely on during their retirement years.

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Impact




October, 2024

Employee Contribution VEBA Trust Colorado significantly impacts the health and well-being of retired employees, their spouses, and dependents by providing vital retiree health benefits. This trust ensures that former employees have access to necessary health care resources, easing the financial burden associated with medical expenses.

By covering health benefits and insurance premiums, the trust plays a critical role in enhancing the quality of life for retirees, thereby promoting their physical and financial stability in retirement. Its commitment to delivering these services fosters a sense of security and continuity for former employees, allowing them to focus on enjoying their retirement years without the stress of health-related financial challenges. Additionally, the ability to potentially provide other benefits as outlined in the plan document further underscores its comprehensive approach to supporting its members.

Operating out of Charlotte, NC, Employee Contribution VEBA Trust Colorado exemplifies a community-focused initiative that prioritizes the health benefits of its members, contributing to a more sustainable and supportive environment for retirees.




This information is meant to be a general summary of Employee 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
$273,419 (2022)
Expenses
$232,963 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $8,542
  • Program Service Revenue: $264,877
  • Gross Receipts: $521,524

Assets and Liabilities:

  • Total Assets: $323,483
  • Total Liabilities: $0
  • Net Assets: $323,483

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Programs

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

Employee Contributions

Revenue

$264,423

TIAA-CREF Transactions

Revenue

$454

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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