Employer Contribution Veba Trust

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

EIN: 047024785 ✦ 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 committed to offering health benefits and insurance premiums to an employer's former employees, their spouses, and dependents. Based in Charlotte, North Carolina, the trust's mission includes providing retirement health benefits, though additional benefits may also be offered as outlined in the plan document. The organization serves as a means to support the well-being of former employees post-employment, ensuring continuity in their healthcare coverage.


Official website here: www.usfca.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.usfca.edu

What is the mission statement of Employer Contribution Veba Trust?

The Employer Contribution Veba Trust's mission is centered around providing retiree health benefits. This organization extends its services to the former employees of the employer, as well as their spouses and dependents. While the primary focus is on health benefits, the trust might offer additional benefits, as outlined in the plan documentation. The trust is responsible for paying health premiums to its members.


Official website here: www.usfca.edu

Who is the CEO of Employer Contribution Veba Trust?

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


Official website here: www.usfca.edu

What is the revenue of Employer Contribution Veba Trust?

Employer Contribution Veba Trust's revenue in 2022 was $764,106.


Official website here: www.usfca.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.usfca.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.usfca.edu

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

Mission Statement of Employer Contribution Veba Trust

The Employer Contribution Veba Trust is an organization committed to providing retired health benefits to a company's former employees, their spouses, and dependent family members. Beyond health benefits, additional perks may be offered, as outlined in the plan documentation. The primary mission of this trust is to ensure the well-being of these individuals by covering healthcare expenses and insurance premiums. This assistance provides a crucial safety net, allowing retirees to maintain their health and financial stability. The Employer Contribution Veba Trust serves as a testament to the company's ongoing commitment to its former employees, extending care and support even after their employment has ended.

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Impact




October, 2024

Employer Contribution VEBA Trust plays a significant role in supporting the health and wellness of retirees by providing essential health benefits to former employees and their families. This trust facilitates access to retiree health benefits, ensuring that members, including spouses and dependents, receive the necessary medical coverage and insurance premiums outlined in the plan document.

By offering these benefits, the Trust not only enhances the financial security of retirees but also contributes to their overall quality of life. Furthermore, it fosters a sense of community and mutual support among former employees, as they can rely on a structured framework for their healthcare needs. As a result, Employer Contribution VEBA Trust serves as a vital resource in promoting the long-term welfare of its members in Charlotte, NC.




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
$764,106 (2022)
Expenses
$168,271 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $369,974
  • Program Service Revenue: $394,132
  • Gross Receipts: $1,605,931

Assets and Liabilities:

  • Total Assets: $7,011,601
  • Total Liabilities: $0
  • Net Assets: $7,011,601

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Programs

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

Employer Contributions

Revenue

$394,132

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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