Employer Contribution Veba Trust

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

EIN: 047026332 ✦ 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, specifically at 8625 Andrew Carnegie Blvd. Its primary mission is to provide retirement health benefits to the former employees of its associated employer and their dependents. While health benefits are the primary focus, the trust may also offer additional benefits as outlined in the plan document. The organization is dedicated to ensuring the well-being of its beneficiaries, providing them with the necessary healthcare support they require in their retirement years.


Official website here: www.unindy.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.unindy.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. Although the trust may offer additional benefits, as outlined in the plan document, its primary focus is on ensuring the health and wellbeing of this specific group of individuals through the provision of health benefits and insurance premiums.


Official website here: www.unindy.edu

Who is the CEO of Employer Contribution Veba Trust?

Michael P Holstein is the Principal Officer of Employer Contribution Veba Trust.


Official website here: www.unindy.edu

What is the revenue of Employer Contribution Veba Trust?

Employer Contribution Veba Trust's revenue in 2022 was $299,710.


Official website here: www.unindy.edu

Who are the executives of Employer Contribution Veba Trust 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.unindy.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 2022 and can be accessed here.


Official website here: www.unindy.edu

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

Mission Statement of Employer Contribution Veba Trust

The Employer Contribution Veba Trust, as its name suggests, is established with a mission to extend retiring health benefits to the former employees of the associated employer, along with their spouses and dependents. Beyond health benefits, the Trust might also offer additional advantages, as outlined in the plan document. The primary objective of this entity is to ensure the well-being of its members by covering their health needs and managing insurance premiums.

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Impact




October, 2024

Employer Contribution VEBA Trust plays a significant role in providing essential health benefits to retired employees and their families. By focusing on retiree health benefits, the trust ensures that former employees, along with their spouses and dependents, have access to necessary healthcare services and financial support for insurance premiums. This support helps alleviate the financial burden often associated with medical expenses in retirement.

The impact is multifaceted: it not only enhances the quality of life for retirees by securing access to health services but also fosters a sense of security and peace of mind among employees during their working years, knowing that their post-employment health needs will be addressed. Additionally, by potentially including other benefits as described in the plan document, the trust can offer a broader scope of support, contributing to the overall well-being of its members. In essence, the Employer Contribution VEBA Trust is vital in promoting mutual benefit and stability for retirees in the Charlotte, NC area.




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
$299,710 (2022)
Expenses
$134,925 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $152,554
  • Program Service Revenue: $147,156
  • Gross Receipts: $586,025

Assets and Liabilities:

  • Total Assets: $2,984,996
  • Total Liabilities: $0
  • Net Assets: $2,984,996

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Programs

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

Employer Contributions

Revenue

$147,156

Organization Details

Founding Year

2008

Principal Officer

Michael P Holstein

Main Address

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

NTEE Category

Code: Y43 - Mutual benefit

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