Overview
What is Scpmg Veba Trust For Collectively Bargained Retirees?
The Scpmg Veba Trust for Collectively Bargained Retirees is a trust established in Pasadena, California. Its primary function is to manage funds, ensuring the fulfillment of Southern California Permanente Medical Group's obligation to provide post-retirement benefits to its employees, as stipulated in collective bargaining agreements. This trust serves as an investment vehicle, safeguarding funds to cater to the retirement benefits of employees within the Southern California Permanente Medical Group.
Is Scpmg Veba Trust For Collectively Bargained Retirees legitimate?
Scpmg Veba Trust For Collectively Bargained Retirees is a legitimate nonprofit organization registered as a 501(c)(9) entity. Scpmg Veba Trust For Collectively Bargained Retirees 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: $46,805
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Scpmg Veba Trust For Collectively Bargained Retirees?
The Scpmg Veba Trust for Collectively Bargained Retirees is a trust primarily established for the investment of funds, serving the purpose of fulfilling the Southern California Permanente Medical Group's obligation to provide post-retirement benefits to its employees, as per the collective bargaining agreements. The trust's mission is to ensure the financial security of these retired employees by managing and growing the investment funds in a responsible manner. The primary goal is to maintain the financial integrity of the benefits promised to the retirees under the collective bargaining agreements. The trust does not directly provide the benefits but rather manages the funds to meet these obligations.
Who is the CEO of Scpmg Veba Trust For Collectively Bargained Retirees?
State Street Corporation is the Trustee of Scpmg Veba Trust For Collectively Bargained Retirees.
What is the revenue of Scpmg Veba Trust For Collectively Bargained Retirees?
Scpmg Veba Trust For Collectively Bargained Retirees's revenue in 2022 was $59,890.
Who are the executives of Scpmg Veba Trust For Collectively Bargained Retirees and what are their salaries?
There is 1 key member and their salary:
- Compensation: $46,805
- Related: $0
- Other: $0
Where can I find the form 990 for Scpmg Veba Trust For Collectively Bargained Retirees?
Scpmg Veba Trust For Collectively Bargained Retirees's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Scpmg Veba Trust For Collectively Bargained Retirees
Scpmg Veba Trust for Collectively Bargained Retirees is a trust dedicated to investing funds for the purpose of fulfilling the Southern California Permanente Medical Group's obligation to provide post-retirement benefits to its employees, as per the collective bargaining agreements. The trust's primary mission is to manage and grow its resources to ensure the long-term sustainability of the retirement benefits for the group's employees. By adhering to the terms of the collective bargaining agreements, the trust ensures that retirees of the Southern California Permanente Medical Group receive the benefits they are entitled to, providing financial security and support in their post-employment years.
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Impact
October, 2024
Scpmg Veba Trust For Collectively Bargained Retirees plays a crucial role in providing post-retirement benefits to employees of the Southern California Permanente Medical Group. This trust is specifically designed to ensure that the benefits promised through collective bargaining agreements are fulfilled, offering financial security and peace of mind to retirees. By managing and investing funds responsibly, the trust meets its obligations effectively, supporting the well-being of former employees and their families. The trust's mission is centered on the collective benefit of its members, reinforcing the values of mutual support and community. In Pasadena, California, it serves as a vital resource for those who dedicated their careers to the medical group, ensuring they receive the benefits they earned.
This information is meant to be a general summary of Scpmg Veba Trust For Collectively Bargained Retirees. 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: $59,890
- Gross Receipts: $1,126,975
Assets and Liabilities:
- Total Assets: $333,312,557
- Total Liabilities: $0
- Net Assets: $333,312,557
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Organization Details
Founding Year
2005
Phone
(626) 405-3288Principal Officer
State Street Corporation
Main Address
393 East Walnut Street - 6th Floor, Pasadena, CA, 91188
NTEE Category
Code: Y43 - Mutual benefit
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