Overview
What is Factory Mutual Insurance Company Postretirement Welfare Program?
Factory Mutual Insurance Company Postretirement Welfare Program is a nonprofit initiative based in Johnston, Rhode Island. The primary objective of this program is to extend essential life health and additional welfare benefits to qualified retirees and their dependents. Through this program, Factory Mutual Insurance Company ensures the well-being of its retired workforce by offering a range of benefits designed to support their post-career years.
What are the reviews and ratings of this charity?
The Factory Mutual Insurance Company Postretirement Welfare Program is not currently rated by Charity Navigator. The organization does not meet the eligibility requirements for a rating as it is not a 501(c)(3) IRS registered nonprofit. Charity Navigator typically uses Form 990 documents to assess accountability, finance, and potentially other factors, but these are not applicable here due to the organization's tax status.
The absence of a rating does not inherently suggest positive or negative performance; instead, it reflects the organization's classification and how it aligns with Charity Navigator's evaluation criteria. Historically, ratings focused on accountability and finance, which again do not apply to this entity. Lack of key financial data, such as total revenue or expenses, further limits potential evaluation.
Since the Factory Mutual Insurance Company Postretirement Welfare Program does not align with the standard nonprofit classifications typically evaluated by Charity Navigator, insights into its effectiveness or organizational strengths are limited in this format. Moreover, no user reviews from GreatNonprofits add additional perspectives or sentiments regarding the organization's performance.
This AI summary has been generated from information found on Charity Navigator.
Is Factory Mutual Insurance Company Postretirement Welfare Program legitimate?
Factory Mutual Insurance Company Postretirement Welfare Program is a legitimate nonprofit organization registered as a 501(c)(9) entity. Factory Mutual Insurance Company Postretirement Welfare Program 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 Factory Mutual Insurance Company Postretirement Welfare Program?
The Factory Mutual Insurance Company Postretirement Welfare Program is dedicated to extending life health and other essential benefits to eligible retirees and their dependents. This initiative aims to ensure the well-being of retirees by providing them with necessary welfare services. By offering these benefits, the program seeks to enhance the quality of life for those who have previously contributed to the company. The program's mission is centered around caring for its retirees and their dependents, helping them maintain a decent standard of living after their working years.
Who is the CEO of Factory Mutual Insurance Company Postretirement Welfare Program?
Unavailable
What is the revenue of Factory Mutual Insurance Company Postretirement Welfare Program?
Factory Mutual Insurance Company Postretirement Welfare Program's revenue in 2022 was $12,869,797.
Who are the executives of Factory Mutual Insurance Company Postretirement Welfare Program and what are their salaries?
Here are 4 key members and their salaries:
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- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Factory Mutual Insurance Company Postretirement Welfare Program?
Factory Mutual Insurance Company Postretirement Welfare Program's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Factory Mutual Insurance Company Postretirement Welfare Program
Factory Mutual Insurance Company Postretirement Welfare Program is a mission-driven initiative that focuses on extending life health and other essential welfare benefits to eligible retirees and their dependents. This program, spearheaded by Factory Mutual Insurance Company, aims to ensure the well-being of those who have devoted their careers to the organization and now find themselves in the retiree phase of life.
By offering these crucial benefits, Factory Mutual Insurance Company Postretirement Welfare Program prioritizes the health and overall well-being of its retirees and their dependents. The program not only covers essential life health benefits but extends to various welfare services that contribute significantly to enhancing their quality of life during their retirement years.
Factory Mutual Insurance Company Postretirement Welfare Program's commitment to its retirees and their dependents is unwavering. Through this program, the company seeks to provide them with the necessary support, enabling them to maintain their health and well-being, while also ensuring peace of mind during their retirement years. The program's goals are aligned with Factory Mutual Insurance Company's values, emphasizing the importance of taking care of its workforce and ensuring their continued well-being even after their professional careers have come to an end.
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Impact
October, 2024
The Factory Mutual Insurance Company Postretirement Welfare Program significantly enhances the quality of life for eligible retirees and their dependents through the provision of essential life, health, and welfare benefits. By ensuring access to healthcare and other necessary support services, the program plays a crucial role in the financial security and well-being of its participants. This assistance not only alleviates the burden of medical expenses but also promotes a sense of stability and peace of mind among retirees. Ultimately, the program fosters a supportive community, reflecting a commitment to the long-term welfare of individuals who have dedicated their careers to the organization.
This information is meant to be a general summary of Factory Mutual Insurance Company Postretirement Welfare Program. 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: $10,698,226
- Program Service Revenue: $2,171,571
- Gross Receipts: $30,823,925
Assets and Liabilities:
- Total Assets: $155,197,107
- Total Liabilities: $15,430,159
- Net Assets: $139,766,948
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Insurance and employee benefit funds
Revenue
$2,171,571
Organization Details
Founding Year
1989
Phone
(401) 275-3000Main Address
PO BOX 7500 270 Central Ave, JOHNSTON, RI, 029190750
NTEE Category
Code: Y40 - Mutual benefit
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