Employer Contribution Veba Trust Southern

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

EIN: 047026330 ✦ Charlotte, NC ✦ Designated as a 501(c)(9)

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Overview

What is Employer Contribution Veba Trust Southern?

Employer Contribution Veba Trust Southern is a nonprofit organization that offers retirement and health benefits to former employees, their spouses, and dependents. The trust, as described in its plan document, provides a range of benefits, primarily focusing on healthcare and retirement support for its members. The organization's mission is to ensure the well-being of its members post-employment, with the potential for additional benefits as stated in the plan document.


Official website here: www.smu.edu

Is Employer Contribution Veba Trust Southern legitimate?

Employer Contribution Veba Trust Southern is a legitimate nonprofit organization registered as a 501(c)(9) entity. Employer Contribution Veba Trust Southern 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.smu.edu

What is the mission statement of Employer Contribution Veba Trust Southern?

Employer Contribution Veba Trust Southern is committed to providing retiree health benefits to the former employees and their dependents of the affiliated employer. The trust also offers additional benefits, as outlined in the plan documentation. The primary objective of the trust is to support the health needs of its members in their retirement years. The programs offered by the trust encompass both health and retirement benefits to its members. While the specific details of these benefits can be found in the plan document, it is clear that Employer Contribution Veba Trust Southern prioritizes the well-being of its members post-employment.


Official website here: www.smu.edu

Who is the CEO of Employer Contribution Veba Trust Southern?

Sheri Starkey is the Principal Officer of Employer Contribution Veba Trust Southern.


Official website here: www.smu.edu

What is the revenue of Employer Contribution Veba Trust Southern?

Employer Contribution Veba Trust Southern's revenue in 2022 was $7,338,068.


Official website here: www.smu.edu

Who are the executives of Employer Contribution Veba Trust Southern 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.smu.edu

Where can I find the form 990 for Employer Contribution Veba Trust Southern?

Employer Contribution Veba Trust Southern's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.smu.edu

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

Mission Statement of Employer Contribution Veba Trust Southern

Employer Contribution Veba Trust Southern, in its mission, focuses on providing retiree health benefits to the former employees and their dependent family members of a specific employer. Beyond health benefits, the trust may offer additional advantages as outlined in the plan document. The organization's goal is to ensure that the retired employees and their families maintain a certain level of well-being and security in their post-employment years. The trust's activities are guided by the plan document, which outlines the specific benefits and conditions that apply to its members.

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Impact




October, 2024

Employer Contribution Veba Trust Southern plays a crucial role in enhancing the financial security and well-being of retirees and their families. By providing health benefits to former employees, spouses, and dependents, the trust ensures that individuals have access to essential healthcare resources during their retirement years, which can significantly alleviate financial stress.

The programs offered not only cover health-related expenses but may also include additional benefits as outlined in the plan document, further enhancing the support provided to members. This comprehensive approach helps retirees maintain their health and quality of life while allowing them to focus on enjoying their retirement without the burden of unexpected medical costs.

Located in Charlotte, NC, the trust’s mission aligns with a broader effort to promote mutual benefit, ensuring that those who served the organization are supported well into their later years. By fulfilling this mission, Employer Contribution Veba Trust Southern contributes to a healthier, more secure, and dignified retirement for its members and their families.




This information is meant to be a general summary of Employer Contribution Veba Trust Southern. 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
$7,338,068 (2022)
Expenses
$2,912,301 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $2,277,184
  • Program Service Revenue: $5,060,884
  • Gross Receipts: $12,046,853

Assets and Liabilities:

  • Total Assets: $43,658,195
  • Total Liabilities: $0
  • Net Assets: $43,658,195

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

Employer Contributions

Revenue

$5,057,966

TIAA-CREF Transactions

Revenue

$2,918

Organization Details

Founding Year

2007

Principal Officer

Sheri Starkey

Main Address

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

NTEE Category

Code: Y43 - Mutual benefit

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