Employee Contribution Veba Trust

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

EIN: 047024784 ✦ Charlotte, NC ✦ Designated as a 501(c)(9)

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Overview

What is Employee Contribution Veba Trust?

Employee Contribution Veba Trust is a nonprofit organization, specifically a trust, primarily focused on providing retirement health benefits to an employer's former employees, their spouses, and dependents. The trust, located in Charlotte, North Carolina, pays for health benefits and insurance premiums for its members. While the main focus is on health benefits, the plan document may include additional benefits. The trust's mission is to support the wellbeing of its members, providing them with essential healthcare services post-employment.


Official website here: www.usfca.edu

Is Employee Contribution Veba Trust legitimate?

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

What is the mission statement of Employee Contribution Veba Trust?

The Employee Contribution Veba Trust is established with a mission to provide retiree health benefits to the former employees of the affiliated company, along with their spouses and dependent family members. The trust may also offer additional benefits, as outlined in the plan document. It is responsible for paying health benefits and insurance premiums to its member base.


Official website here: www.usfca.edu

Who is the CEO of Employee Contribution Veba Trust?

Diane Nelson is the Principal Officer of Employee Contribution Veba Trust.


Official website here: www.usfca.edu

What is the revenue of Employee Contribution Veba Trust?

Employee Contribution Veba Trust's revenue in 2022 was $264,345.


Official website here: www.usfca.edu

Who are the executives of Employee 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.usfca.edu

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

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


Official website here: www.usfca.edu

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

Mission Statement of Employee Contribution Veba Trust

The Employee Contribution Veba Trust is an organization committed to providing retiree health benefits to the former employees and their dependents of a specific employer. Beyond health benefits, other advantages may be offered as outlined in the plan documentation. The primary mission of this trust is to ensure the well-being of retired employees and their families by covering their health needs and insurance premiums. The trust aims to provide a level of support that enables these individuals to maintain their health and livelihoods during their retirement years.

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Impact




October, 2024

The Employee Contribution VEBA Trust significantly impacts retirees by ensuring they have access to essential health benefits after leaving the workforce. By providing health benefits and covering insurance premiums for former employees and their spouses and dependents, it helps alleviate financial burdens associated with healthcare costs in retirement. This support fosters peace of mind for retirees, allowing them to focus on their well-being without the stress of unmanageable medical expenses.

In addition to retiree health benefits, the trust may offer other options as outlined in the plan document, further enhancing the support available to members. Located in Charlotte, NC, the trust's mission aligns with the needs of individuals who have dedicated their careers to an employer and now require assistance as they navigate their retirement years. Ultimately, the Employee Contribution VEBA Trust plays a crucial role in promoting the health and financial security of its members.




This information is meant to be a general summary of Employee 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
$264,345 (2022)
Expenses
$74,250 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $40,365
  • Program Service Revenue: $223,980
  • Gross Receipts: $2,463,135

Assets and Liabilities:

  • Total Assets: $789,882
  • Total Liabilities: $0
  • Net Assets: $789,882

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Programs

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

Employee Contributions

Revenue

$223,944

TIAA-CREF Transactions

Revenue

$36

Organization Details

Founding Year

2006

Principal Officer

Diane Nelson

Main Address

C/O TIAA-CREF 8625 ANDREW CARNEGIE, CHARLOTTE, NC, 28262

NTEE Category

Code: Y43 - Mutual benefit

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