Employer Contribution Veba Trust

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

EIN: 043852106 ✦ 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 situated in Charlotte, North Carolina, specifically at 8625 Andrew Carnegie Blvd. Its primary mission is to offer retirement health benefits to the former employees of its associated employer, alongside their spouses and dependents. While the primary focus is on healthcare, the trust may also provide additional benefits as outlined in the plan document. The trust aims to support its beneficiaries in maintaining their health and well-being during their retirement years.


Official website here: www.northwood.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.northwood.edu

What is the mission statement of Employer Contribution Veba Trust?

The Employer Contribution Veba Trust is dedicated to providing retiree health benefits for the former employees, their spouses, and dependents of the associated employer. While the primary focus is on health benefits, other benefits might be included as per the plan document. The organization ensures the payment of health insurance premiums to its members.


Official website here: www.northwood.edu

Who is the CEO of Employer Contribution Veba Trust?

Brian Mcleod is the Principal Officer of Employer Contribution Veba Trust.


Official website here: www.northwood.edu

What is the revenue of Employer Contribution Veba Trust?

Employer Contribution Veba Trust's revenue in 2022 was $227,502.


Official website here: www.northwood.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.northwood.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.northwood.edu

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

Mission Statement of Employer Contribution Veba Trust

The Employer Contribution Veba Trust is a mission-driven organization dedicated to providing retirement health benefits to the former employees of its affiliated employer, along with their spouses and dependents. While the trust may extend other benefits as outlined in its plan document, its primary focus lies in ensuring the health and well-being of its members through the payment of health benefits and insurance premiums. By offering these essential services, the Employer Contribution Veba Trust plays a significant role in securing the health and financial stability of its beneficiaries, enabling them to enjoy their post-employment years with peace of mind.

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Impact




October, 2024

Employer Contribution VEBA Trust significantly impacts the well-being of former employees and their families by providing essential retiree health benefits. This support extends to spouses and dependents, ensuring that they have access to necessary healthcare services and insurance coverage. By offering health benefits and premium payments as outlined in the plan document, the Trust alleviates financial burdens associated with healthcare costs for retirees, allowing them to maintain a higher quality of life in their post-employment years.

In addition to health benefits, the Trust may also provide other forms of support as detailed in its plan, further enhancing the overall well-being of its members. This commitment to the welfare of former employees fosters a sense of community and mutual aid, reinforcing the long-term value of employment with the organization. The Trust operates from Charlotte, NC, and its mission emphasizes the importance of protecting the health and financial security of retirees, thereby promoting a stable and supportive environment for them and their families.




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
$227,502 (2022)
Expenses
$118,353 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $135,709
  • Program Service Revenue: $91,793
  • Gross Receipts: $430,301

Assets and Liabilities:

  • Total Assets: $2,316,915
  • Total Liabilities: $0
  • Net Assets: $2,316,915

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Programs

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

Employer Contributions

Revenue

$91,793

Organization Details

Founding Year

2006

Principal Officer

Brian Mcleod

Main Address

8625 ANDREW CARNEGIE BLVD ATTNCORP, CHARLOTTE, NC, 28262

NTEE Category

Code: Y43 - Mutual benefit

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