Employee Contribution Veba Trust Shenandoah

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

EIN: 047024788 ✦ Charlotte, NC ✦ Designated as a 501(c)(9)

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Overview

What is Employee Contribution Veba Trust Shenandoah?

Employee Contribution Veba Trust Shenandoah is a nonprofit organization that offers retiree health benefits to former employees of the associated employer, their spouses, and dependents. The trust pays insurance premiums for its members, providing them with a selection of program options as outlined in the plan document. The trust's mission is centered around supporting the health care needs of its members, ensuring they have access to necessary coverage after their employment with the employer has ended.


Official website here: www.su.edu

Is Employee Contribution Veba Trust Shenandoah legitimate?

Employee Contribution Veba Trust Shenandoah is a legitimate nonprofit organization registered as a 501(c)(9) entity. Employee Contribution Veba Trust Shenandoah submitted a form 990EZ, 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.


Official website here: www.su.edu

What is the mission statement of Employee Contribution Veba Trust Shenandoah?

Employee Contribution Veba Trust Shenandoah is an organization dedicated to providing retiree health benefits to a company's former employees, their spouses, and dependents. It covers these individuals by paying their insurance premiums, as outlined in the plan document. The trust offers a variety of program options to cater to the needs of its members. Its primary focus is on ensuring the health and well-being of its beneficiaries in their retirement years.


Official website here: www.su.edu

Who is the CEO of Employee Contribution Veba Trust Shenandoah?

Unavailable


Official website here: www.su.edu

What is the revenue of Employee Contribution Veba Trust Shenandoah?

Employee Contribution Veba Trust Shenandoah's revenue in 2022 was $32,794.


Official website here: www.su.edu

Who are the executives of Employee Contribution Veba Trust Shenandoah 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.su.edu

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

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


Official website here: www.su.edu

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

Mission Statement of Employee Contribution Veba Trust Shenandoah

Employee Contribution Veba Trust Shenandoah, as a nonprofit organization, is dedicated to providing retiree health benefits to the former employees and their dependent family members of a specific employer. This trust fund not only covers the health insurance premiums for its members but also offers a variety of program options, as outlined in its plan document. The mission of Employee Contribution Veba Trust Shenandoah is to ensure the well-being of its beneficiaries by offering them essential healthcare coverage, thereby providing a sense of security and support in their post-employment years.

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Impact




October, 2024

Employee Contribution Veba Trust Shenandoah significantly impacts former employees and their families by providing essential retiree health benefits. The trust ensures that former employees, along with their spouses and dependents, have access to health coverage after retirement, which can be critical for managing healthcare costs in later years. By paying insurance premiums on behalf of its members, the trust alleviates financial burdens associated with healthcare, allowing retirees to focus on their well-being rather than worrying about escalating medical expenses.

The range of program options available empowers individuals to select plans that best meet their needs, enhancing their overall quality of life during retirement. This support not only fosters a sense of security for retirees but also strengthens community ties by ensuring that those who have contributed to the workforce can enjoy their retirement with dignity and health.

In a broader sense, the trust plays a vital role in promoting mutual benefit within the community by facilitating a support system for retirees, showing a commitment to the welfare of employees even after they transition out of the workforce.




This information is meant to be a general summary of Employee Contribution Veba Trust Shenandoah. 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
$32,794 (2022)
20122013201420152016201720182019202020212022$0$15,000$30,000$45,000$60,000
Expenses
$40,716 (2022)
20122013201420152016201720182019202020212022$0$15,000$30,000$45,000$60,000
Efficiency
201220132014201520162017201820192020202120220%0.2%0.4%0.6%0.8%1%

Other financial information:

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

  • Investment Income: $8,759
  • Program Service Revenue: $23,124
  • Gross Receipts: $92,374

Assets and Liabilities:

  • Total Assets: $166,150
  • Total Liabilities: $0
  • Net Assets: $166,150

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Organization Details

Main Address

8625 ANDREW CARNEGIE BLVD CORP TAX, CHARLOTTE, NC, 28262

Website

www.su.edu

NTEE Category

Code: Y43 - Mutual benefit

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