Overview
What is Employer Contribution Veba Trust Kenyon?
Employer Contribution Veba Trust Kenyon is a charitable trust established by an unspecified employer with a primary goal of providing health benefits to eligible retirees, employees who have left service, and their dependents. Based in Charlotte, North Carolina, the trust operates under Section 501(C)(9) of the Internal Revenue Code, allowing it to offer permissible health and welfare benefits. The trust is established to support the employer's Emeriti Retiree Health Plan, ensuring continued healthcare support for its retirees.
Is Employer Contribution Veba Trust Kenyon legitimate?
Employer Contribution Veba Trust Kenyon is a legitimate nonprofit organization registered as a 501(c)(9) entity. Employer 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 Employer Contribution Veba Trust Kenyon?
The Employer Contribution Veba Trust, established for eligible retirees under the Emeriti Retiree Health Plan, has a primary mission to provide permissible health and welfare benefits under Section 501(C)(9) of the Internal Revenue Code. These benefits are funded by the trust and are payable to the eligible retirees from the Veba Trust. The main objective of the trust is to ensure the payment of healthcare benefits for eligible retirees, employees who have separated from service, and their dependents, as per the provisions of the Veba Trust.
Who is the CEO of Employer Contribution Veba Trust Kenyon?
Shirley O'Brien is the Principal Officer of Employer Contribution Veba Trust Kenyon.
What is the revenue of Employer Contribution Veba Trust Kenyon?
Employer Contribution Veba Trust Kenyon's revenue in 2022 was $1,277,741.
Who are the executives of Employer 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 Employer Contribution Veba Trust Kenyon?
Employer Contribution Veba Trust Kenyon's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Employer Contribution Veba Trust Kenyon
Employer Contribution Veba Trust Kenyon, as established by its sponsor, is primarily dedicated to serving a noble purpose. This purpose, as outlined under Section 501(C)(9) of the Internal Revenue Code, is to provide permissible health and welfare benefits. This trust, known as the Emeriti Retiree Health Plan, is designed to offer these benefits to eligible retirees of the sponsor. The funds for these benefits are sourced from the Veba Trust itself. The mission of Employer Contribution Veba Trust Kenyon, therefore, is to ensure the payment of healthcare benefits to its eligible retirees, as well as to employees who have separated from service and their dependents, in accordance with the provisions of the Veba Trust.
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Impact
October, 2024
Employer Contribution VEBA Trust Kenyon plays a crucial role in supporting the healthcare needs of eligible retirees and separated employees, as well as their dependents. By providing permissible health and welfare benefits under Code Section 501(c)(9), this trust ensures that those who have dedicated their service to the organization maintain access to necessary healthcare coverage.
The trust is specifically designed to disburse benefits through the Emeriti Retiree Health Plan, allowing former employees to receive financial assistance for healthcare-related expenses, which can significantly alleviate the financial burden associated with medical costs in retirement. This initiative not only enhances the quality of life for retirees but also demonstrates a commitment to their long-term well-being.
Located in Charlotte, NC, the trust serves as a mutually beneficial resource that underscores the organization's dedication to supporting its past workforce. By addressing the healthcare needs of retirees, the Employer Contribution VEBA Trust Kenyon contributes to a more secure and healthier retirement experience, fostering loyalty and confidence among current employees regarding their future benefits.
This information is meant to be a general summary of Employer 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: $418,462
- Program Service Revenue: $859,279
- Gross Receipts: $2,661,643
Assets and Liabilities:
- Total Assets: $14,469,251
- Total Liabilities: $0
- Net Assets: $14,469,251
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Employer Contributions
Revenue
$859,279
Organization Details
Founding Year
2007
Phone
(740) 427-5000Principal Officer
Shirley O'Brien
Main Address
8625 ANDREW CARNEGIE BLVD ATTN CORP, CHARLOTTE, NC, 28262
NTEE Category
Code: Y43 - Mutual benefit
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