Employer Contribution Veba Trust

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

EIN: 047024789 ✦ 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, at 8625 Andrew Carnegie Blvd. Its primary mission is to offer retiree health benefits to the employer's former employees, spouses, and dependents. While the main focus is on health benefits, additional perks may be available as specified in the plan document. This nonprofit organization aims to support the well-being of its members by providing essential healthcare coverage.


Official website here: www.su.edu

What do the Facebook reviews say about Employer Contribution Veba Trust?

86% of 262 reviewers on Facebook recommend the Employer Contribution Veba Trust. Here is a summary of their reviews:

The sentiments expressed reflect a generally positive experience with the nonprofit, as many users appreciate the welcoming environment created during orientations and events. Reviewers highlight the enthusiasm and openness of the team, which contributes to a supportive atmosphere for newcomers.

While specific details about the services offered are limited in the provided feedback, the excitement shared by attendees suggests that the nonprofit effectively fosters community and connection. Overall, it appears that individuals feel valued and engaged in their interactions with the Employer Contribution Veba Trust.


This AI summary has been generated from reviews found on Facebook.

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.su.edu

What is the mission statement of Employer Contribution Veba Trust?

The Employer Contribution Veba Trust is dedicated to extending health benefits to the former employees of the associated employer, along with their spouses and dependents. While the primary focus is on retiree health benefits, additional benefits may be provided as outlined in the plan document. The trust's primary activity involves the payment of health benefits and insurance premiums for its members.


Official website here: www.su.edu

Who is the CEO of Employer Contribution Veba Trust?

Tracy Fitzsimmons is the Principal Officer of Employer Contribution Veba Trust.


Official website here: www.su.edu

What is the revenue of Employer Contribution Veba Trust?

Employer Contribution Veba Trust's revenue in 2022 was $72,706.


Official website here: www.su.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.su.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.su.edu

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

Mission Statement of Employer Contribution Veba Trust

Employer Contribution Veba Trust is an organization dedicated to providing retiree health benefits. Its mission, stated in third person, is to extend these benefits to the former employees and their spouses and dependents of an employer. While the trust primarily focuses on health benefits, it may also offer additional perks as outlined in the plan document. The organization's primary activity involves paying health insurance premiums and providing health benefits to its members.

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Impact




October, 2024

Employer Contribution VEBA Trust significantly benefits former employees and their families by providing essential retiree health benefits and insurance premiums. By focusing on the health and well-being of retirees, the Trust ensures that they have access to necessary medical care, which can alleviate financial burdens associated with healthcare costs during retirement.

This support extends not only to the retirees but also to their spouses and dependents, fostering a sense of security and stability for families who may be navigating the challenges of reduced income after leaving the workforce. The Trust's mission enhances the overall quality of life for its members, helping them maintain health and wellness into their retirement years.

Additionally, by providing these benefits, the Employer Contribution VEBA Trust contributes to attracting and retaining talent within organizations. Employers that offer robust post-employment benefits can enhance their overall employment appeal, fostering loyalty and commitment among employees during their active service. The positive impact resonates beyond individual members, bolstering community health outcomes and economic stability.




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
$72,706 (2022)
201120122013201420152016201720182019202020212022$0$60,000$120k$180k$240k
Expenses
$97,648 (2022)
201120122013201420152016201720182019202020212022$0$35,000$70,000$105k$140k
Efficiency
2011201220132014201520162017201820192020202120220%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: $72,706
  • Gross Receipts: $247,330

Assets and Liabilities:

  • Total Assets: $1,268,964
  • Total Liabilities: $0
  • Net Assets: $1,268,964

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Organization Details

Founding Year

2007

Principal Officer

Tracy Fitzsimmons

Main Address

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

Website

www.su.edu

NTEE Category

Code: Y43 - Mutual benefit

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