Overview
What is Employer Contribution Veba Trust Reed College?
Employer Contribution Veba Trust Reed College is a nonprofit organization situated in Charlotte, North Carolina. Its primary mission is to provide health benefits and insurance premiums to the former employees and their dependents of its affiliated employer. This includes retiree health benefits, although additional benefits might be offered as per the plan documentation. The trust aims to offer support and assistance in maintaining the health and well-being of its members, ensuring they have access to necessary healthcare services.
Official website here: www.reed.edu
Is Employer Contribution Veba Trust Reed College legitimate?
Employer Contribution Veba Trust Reed College is a legitimate nonprofit organization registered as a 501(c)(9) entity. Employer Contribution Veba Trust Reed College 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.reed.edu
What is the mission statement of Employer Contribution Veba Trust Reed College?
The Employer Contribution Veba Trust Reed College is dedicated to providing retiree health benefits to the former employees of the associated employer, along with their spouses and dependents. While the primary focus is on health benefits, additional benefits may be included as outlined in the plan document. The trust pays for health benefits and insurance premiums for its members, ensuring their well-being in retirement.
Official website here: www.reed.edu
Who is the CEO of Employer Contribution Veba Trust Reed College?
Lynn Valenter is the Principal Officer of Employer Contribution Veba Trust Reed College.
Official website here: www.reed.edu
What is the revenue of Employer Contribution Veba Trust Reed College?
Employer Contribution Veba Trust Reed College's revenue in 2022 was $381,659.
Official website here: www.reed.edu
Who are the executives of Employer Contribution Veba Trust Reed College and what are their salaries?
There is 1 key member and their salary:
- Compensation: $750
- Related: $0
- Other: $0
Official website here: www.reed.edu
Where can I find the form 990 for Employer Contribution Veba Trust Reed College?
Employer Contribution Veba Trust Reed College's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.reed.edu
Learn more at the official website: www.reed.edu
Mission Statement of Employer Contribution Veba Trust Reed College
Employer Contribution Veba Trust Reed College, as a nonprofit organization, is dedicated to providing retiree health benefits to the former employees and their dependents of the associated employer. While the trust primarily focuses on health benefits, it may also offer additional advantages, as outlined in the plan document. The main objective of this organization is to ensure that the retired employees and their families continue to enjoy a certain level of health coverage, providing them with peace of mind during their post-employment years. The trust manages the payment of health insurance premiums for its members, ensuring that they can access necessary medical services and maintain their well-being.
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Impact
October, 2024
The Employer Contribution VEBA Trust at Reed College plays a significant role in supporting the health and well-being of former employees and their families by providing essential retiree health benefits. This initiative ensures that retirees, along with their spouses and dependents, have access to necessary health coverage, which can alleviate financial burdens related to healthcare costs during retirement.
By offering health benefits and insurance premiums as outlined in the plan document, the trust helps maintain the quality of life for retirees, allowing them to focus on their health without the stress of unaffordable medical expenses. Furthermore, the trust may expand its offerings to include other benefits, enhancing the support it provides to its members. The VEBA Trust contributes to a sense of security and stability for former employees of Reed College, reinforcing the institution's commitment to the welfare of its staff long after they have left active service.
This information is meant to be a general summary of Employer Contribution Veba Trust Reed College. 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $147,224
- Program Service Revenue: $234,435
- Gross Receipts: $2,482,568
Assets and Liabilities:
- Total Assets: $4,652,319
- Total Liabilities: $0
- Net Assets: $4,652,319
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Employer Contributions
Revenue
$234,106
TIAA-CREF Transactions
Revenue
$329
Organization Details
Founding Year
2006
Phone
(877) 535-3910Principal Officer
Lynn Valenter
Main Address
8625 ANDREW CARNEGIE BLVD ATTN CORP, CHARLOTTE, NC, 28262
Website
www.reed.eduNTEE Category
Code: Y43 - Mutual benefit
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