Snap-On Incorporated Amended And Restated Benefit Tr Fo Col Bar Emp

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

EIN: 116629080 ✦ Kenosha, WI ✦ Designated as a 501(c)(9)

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Overview

What is Snap-On Incorporated Amended And Restated Benefit Tr Fo Col Bar Emp?

Snap-On Incorporated Amended and Restated Benefit Trust for Collectively Bargained Employees is a nonprofit entity that primarily focuses on providing financial assistance for health benefits for retired union employees. The trust offers a range of medical services, including coverage for hospital stays, surgeries, major medical procedures, and retiree reimbursement accounts. Additionally, it assists with the payment of Medicare Part B premiums. Moreover, the trust extends compensation programs to current officials, directors, trustees, and key employees within the organization.

Is Snap-On Incorporated Amended And Restated Benefit Tr Fo Col Bar Emp legitimate?

Snap-On Incorporated Amended And Restated Benefit Tr Fo Col Bar Emp is a legitimate nonprofit organization registered as a 501(c)(9) entity. Snap-On Incorporated Amended And Restated Benefit Tr Fo Col Bar Emp 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: $12,137
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of Snap-On Incorporated Amended And Restated Benefit Tr Fo Col Bar Emp?

The Snap-On Incorporated Amended and Restated Benefit Trust for Collectively Bargained Employees is committed to providing financial assistance for health benefits to union retirees. This includes coverage for medical, hospital, surgical, major medical, retiree reimbursement accounts, and Medicare Part B premiums. Additionally, the trust offers compensation programs for key employees and benefits payments to current officers, directors, and trustees. The primary objective of this trust is to support the health and well-being of its retiree beneficiaries.

Who is the CEO of Snap-On Incorporated Amended And Restated Benefit Tr Fo Col Bar Emp?

Unavailable

What is the revenue of Snap-On Incorporated Amended And Restated Benefit Tr Fo Col Bar Emp?

Snap-On Incorporated Amended And Restated Benefit Tr Fo Col Bar Emp's revenue in 2022 was $391,350.

Who are the executives of Snap-On Incorporated Amended And Restated Benefit Tr Fo Col Bar Emp and what are their salaries?


There is 1 key member and their salary:


Us Bank Na (777 E. Wisconsin Ave, Milwaukee Wi 53202)
  • Compensation: $12,137
  • Related: $0
  • Other: $0
Where can I find the form 990 for Snap-On Incorporated Amended And Restated Benefit Tr Fo Col Bar Emp?

Snap-On Incorporated Amended And Restated Benefit Tr Fo Col Bar Emp's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Snap-On Incorporated Amended And Restated Benefit Tr Fo Col Bar Emp

The Snap-On Incorporated Amended and Restated Benefit Trust for Collectively Bargained Employees is a nonprofit entity dedicated to providing health benefits for union retirees. This organization offers a comprehensive range of medical, hospital, surgical, major medical, and retiree reimbursement accounts. Furthermore, the trust also covers Medicare Part B premiums, ensuring that retirees have access to necessary healthcare services. In addition to these benefits, the trust also offers compensation programs for current officers, directors, trustees, and key employees, as well as benefits for members. The Snap-On Incorporated Amended and Restated Benefit Trust for Collectively Bargained Employees plays a crucial role in supporting the health and well-being of its beneficiaries by providing them with essential healthcare benefits.

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Impact




October, 2024

The Snap-On Incorporated Amended and Restated Benefit Trust for Collectively Bargained Employees plays a crucial role in supporting the health and well-being of union retirees. By providing funding for essential health benefits, such as medical, hospital, surgical, and major medical expenses, the trust ensures that retirees have access to the necessary care as they age. This support also extends to retiree reimbursement accounts and coverage for Medicare Part B premiums, which are vital for individuals on Medicare.

Additionally, the trust contributes to the financial security of current officers, directors, trustees, and key employees through compensation programs. This dual focus on both retirees and active employees fosters a sense of community and mutual care within the organization. The trust's activities help alleviate the financial burdens associated with healthcare for retirees, allowing them to maintain a higher quality of life during their retirement years. Overall, the trust's existence underscores the importance of providing ongoing support and benefits to those who have dedicated their careers to the organization.




This information is meant to be a general summary of Snap-On Incorporated Amended And Restated Benefit Tr Fo Col Bar Emp. 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
$391,350 (2022)
Expenses
$547,772 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $391,350
  • Gross Receipts: $1,018,850

Assets and Liabilities:

  • Total Assets: $11,251,780
  • Total Liabilities: $0
  • Net Assets: $11,251,780

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Organization Details

Founding Year

2007

Main Address

2801 80th Street PO Box 1410, Kenosha, WI, 53141

NTEE Category

Code: Y43 - Mutual benefit

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