Employer Contribution Veba Trust

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

EIN: 047026328 ✦ 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. Its primary objective is to offer retiree health benefits to the former employees of its employer, as well as their spouses and dependents. While health benefits are the primary focus, additional benefits may be provided, as outlined in the plan document. The trust ensures the well-being of its beneficiaries by covering health premiums and related expenses.


Official website here: www.claremontmckenna.edu

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.claremontmckenna.edu

What is the mission statement of Employer Contribution Veba Trust?

The Employer Contribution Veba Trust is committed to providing retirement health benefits to the former employees of the associated employer, along with their spouses and dependents. While the trust primarily focuses on health benefits, additional benefits might be offered as per the plan document. The primary activity of the trust involves paying health insurance premiums for its members.


Official website here: www.claremontmckenna.edu

Who is the CEO of Employer Contribution Veba Trust?

Robin Aspinall is the Principal Officer of Employer Contribution Veba Trust.


Official website here: www.claremontmckenna.edu

What is the revenue of Employer Contribution Veba Trust?

Employer Contribution Veba Trust's revenue in 2020 was $420,466.


Official website here: www.claremontmckenna.edu

Who are the executives of Employer Contribution Veba Trust and what are their salaries?


There is 1 key member and their salary:


Tiaa Fsb (Trustee)
  • Compensation: $750
  • Related: $0
  • Other: $0


Official website here: www.claremontmckenna.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 2020 and can be accessed here.


Official website here: www.claremontmckenna.edu

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

Mission Statement of Employer Contribution Veba Trust

Employer Contribution Veba Trust is an organization dedicated to providing retirement health benefits to the former employees, their spouses, and dependent family members of a specific employer. While the trust primarily focuses on health benefits, it may also offer additional perks as outlined in the plan documentation. The mission of this trust is to ensure the well-being of these individuals by covering their healthcare expenses and insurance premiums, thus offering them peace of mind in their post-employment years.

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Impact




October, 2024

The Employer Contribution VEBA Trust plays a crucial role in supporting the health and well-being of retirees from participating employers. By providing essential retiree health benefits, it ensures that former employees, along with their spouses and dependents, have access to necessary healthcare services and insurance coverage. This support minimizes the financial burden associated with health-related expenses during retirement, allowing retirees to focus on their quality of life rather than overwhelming medical costs.

In addition to health benefits, the trust may offer other benefits as outlined in its plan document, further enhancing the support available to retirees. The trust's efforts contribute to the retention of a strong connection between retirees and their former employers, fostering a sense of community and mutual benefit. Overall, the Employer Contribution VEBA Trust significantly impacts the lives of retirees in Charlotte, NC, by providing vital health benefits that promote security and well-being in their post-employment years.




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
$420,466 (2020)
Expenses
$2,037,896 (2020)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2020.

  • Investment Income: $420,466
  • Gross Receipts: $6,462,768

Assets and Liabilities:

  • Total Assets: $0
  • Total Liabilities: $0
  • Net Assets: $0

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Organization Details

Founding Year

2008

Principal Officer

Robin Aspinall

Main Address

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

NTEE Category

Code: Y43 - Mutual benefit

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