Overview
What is Employee Contribution Veba Trust Kenyon?
Employee Contribution Veba Trust Kenyon is a charitable trust, established by an unnamed plan sponsor, located in Charlotte, North Carolina. The primary objective of this trust, as per the Internal Revenue Code Section 501(C)(9), is to provide permissible health and welfare benefits to eligible retirees and former employees, along with their dependents. The benefits are offered through the Veba Trust, which is funded via employee contributions. The trust serves to support the employer's Emeriti Retiree Health Plan, ensuring continued healthcare coverage for its retirees.
Is Employee Contribution Veba Trust Kenyon legitimate?
Employee Contribution Veba Trust Kenyon is a legitimate nonprofit organization registered as a 501(c)(9) entity. Employee Contribution Veba Trust Kenyon 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
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What is the mission statement of Employee Contribution Veba Trust Kenyon?
The Employee Contribution Veba Trust Kenyon, as established by the plan sponsor, serves the primary exempt purpose of offering permissible health and welfare benefits under Section 501(C)(9) of the Internal Revenue Code. These benefits are intended for eligible retirees under the Emeriti Retiree Health Plan, payable from this Veba Trust. The trust's primary objective is to provide healthcare benefits to eligible retirees, employees who have separated from service, and their dependents, as outlined in the Veba Trust. The trust operates with the aim of ensuring the well-being of its beneficiaries by providing necessary healthcare coverage.
Who is the CEO of Employee Contribution Veba Trust Kenyon?
Shirley O'Brien is the Principal Officer of Employee Contribution Veba Trust Kenyon.
What is the revenue of Employee Contribution Veba Trust Kenyon?
Employee Contribution Veba Trust Kenyon's revenue in 2022 was $204,751.
Who are the executives of Employee Contribution Veba Trust Kenyon and what are their salaries?
There is 1 key member and their salary:
- Compensation: $750
- Related: $0
- Other: $0
Where can I find the form 990 for Employee Contribution Veba Trust Kenyon?
Employee Contribution Veba Trust Kenyon's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Employee Contribution Veba Trust Kenyon
Employee Contribution Veba Trust Kenyon, a VEBA trust established by an unspecified plan sponsor, has a primary mission to offer permissible health and welfare benefits to eligible retirees under their Emeriti Retiree Health Plan, as per the guidelines of Section 501(C)(9) of the Internal Revenue Code. This trust serves as a financial resource, providing healthcare benefits to the trust's retirees, as well as to employees who have separated from service and their dependents, in accordance with the provisions outlined in the VEBA Trust. The main objective of this trust is to support the well-being and health needs of its eligible beneficiaries.
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Impact
October, 2024
The Employee Contribution VEBA Trust Kenyon has a significant impact by providing essential health and welfare benefits to eligible retirees and employees who have separated from service, along with their dependents. It ensures that healthcare costs are covered through a structured plan, allowing retirees to have peace of mind regarding their health expenses.
By operating under Code Section 501(c)(9), the Trust strategically focuses on delivering permissible benefits that enhance the well-being of its members. This support not only strengthens the financial stability of retirees but also promotes a sense of security in their post-employment life. The VEBA Trust facilitates access to necessary healthcare services, contributing to improved overall health outcomes for participants in Charlotte, NC, and beyond.
Furthermore, the Trust plays a critical role in fostering employee loyalty and satisfaction during their active years, knowing that their healthcare needs will be addressed after retirement. This commitment to healthcare benefits exemplifies a proactive approach to supporting employees throughout their employment journey and beyond.
This information is meant to be a general summary of Employee Contribution Veba Trust Kenyon. 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: $2,536
- Program Service Revenue: $202,215
- Gross Receipts: $414,681
Assets and Liabilities:
- Total Assets: $95,768
- Total Liabilities: $0
- Net Assets: $95,768
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Employee Contributions
Revenue
$199,524
TIAA-CREF Transactions
Revenue
$2,691
Organization Details
Founding Year
2007
Phone
(740) 427-5000Principal Officer
Shirley O'Brien
Main Address
8625 ANDREW CARNEGIE BLVD ATTN CORP, CHARLOTTE, NC, 28262
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