Overview
What is Lone Star Industries Inc Veba Trust?
Lone Star Industries Veba Trust is a nonprofit organization, specifically designed to offer fundamental medical coverage to union retirees, their spouses, and eligible dependent family members. With a mission to ensure healthcare accessibility for this particular demographic, the trust, as of December 31, 2022, has 84 eligible retirees benefiting from its services. Their primary function is to provide essential medical coverage, thereby offering a safety net for those in retirement.
Is Lone Star Industries Inc Veba Trust legitimate?
Lone Star Industries Inc Veba Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Lone Star Industries Inc 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: $7,196
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Lone Star Industries Inc Veba Trust?
The Lone Star Industries Veba Trust's primary mission is to offer fundamental medical coverage for retired union members, their spouses, and eligible dependents. As of December 31, 2022, the trust has identified 84 individuals who qualify for these benefits. The trust is committed to providing essential medical coverage for this specific group, ensuring they have access to necessary healthcare services. The trust does not engage in any other activities beyond this specific medical coverage provision.
Who is the CEO of Lone Star Industries Inc Veba Trust?
Buzzi Unicem Usa Inc is the Principal Officer of Lone Star Industries Inc Veba Trust.
What is the revenue of Lone Star Industries Inc Veba Trust?
Lone Star Industries Inc Veba Trust's revenue in 2022 was -$89,638.
Who are the executives of Lone Star Industries Inc Veba Trust and what are their salaries?
There is 1 key member and their salary:
- Compensation: $7,901
- Related: $0
- Other: $0
Where can I find the form 990 for Lone Star Industries Inc Veba Trust?
Lone Star Industries Inc Veba Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Lone Star Industries Inc Veba Trust
Lone Star Industries Veba Trust is a mission-driven organization dedicated to providing essential medical coverage for retired union members, their spouses, and eligible dependents. Established with this purpose in mind, the trust aims to ensure these individuals have access to necessary medical care during their retirement years. As of December 31, 2022, the trust had 84 retired participants who were eligible to benefit from this coverage, highlighting the trust's ongoing commitment to its mission.
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Impact
October, 2024
Lone Star Industries Inc Veba Trust plays a crucial role in ensuring that union retirees, along with their spouses and eligible dependents, have access to basic medical coverage. With the trust serving 84 retired participants as of December 31, 2022, its impact is significant in providing financial security and peace of mind regarding healthcare for those who have dedicated years to their careers.
By covering essential medical needs, the trust helps alleviate the financial burdens associated with healthcare costs, enhancing the quality of life for retirees and their families. This support is particularly vital for older individuals who may face higher medical expenses and potentially fixed incomes. The trust fosters a sense of community and solidarity among union members, affirming the commitment to care for those who contributed to the workforce. Overall, the Lone Star Industries Inc Veba Trust is instrumental in promoting the well-being of its participants, reflecting an essential aspect of mutual benefit within the union community.
This information is meant to be a general summary of Lone Star Industries Inc 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: -$89,638
- Gross Receipts: $770,845
Assets and Liabilities:
- Total Assets: $7,402,975
- Total Liabilities: $409,179
- Net Assets: $6,993,796
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Organization Details
Founding Year
1994
Phone
(610) 882-5000Principal Officer
Buzzi Unicem Usa Inc
Main Address
CO 100 BRODHEAD ROAD 230, BETHLEHEM, PA, 18017
NTEE Category
Code: Y40 - Mutual benefit
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