Overview
What is American Airlines Inc Ltd Plan Trust?
American Airlines Inc Ltd Plan Trust is a nonprofit entity dedicated to providing long-term disability benefits for selected employees of American Airlines. The trust, which is based in Texas, is funded through employee contributions, as well as the earnings of its investment assets. The primary mission of the Trust is to ensure the well-being of its employees by offering them financial support during prolonged periods of disability. The Trust was established in accordance with a trust agreement executed on December 5, 1983, and remains in operation to continue fulfilling this purpose.
Is American Airlines Inc Ltd Plan Trust legitimate?
American Airlines Inc Ltd Plan Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. American Airlines Inc Ltd Plan 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: $3,756
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of American Airlines Inc Ltd Plan Trust?
The American Airlines Inc Ltd Plan Trust is dedicated to providing long-term disability benefits for select employees. The organization desires to carry on with the trust established in 1983 through a trust agreement. Their primary objective is to ensure the welfare of their employees by administering employee benefit plans, which include long-term disability coverage. Funding for these benefits comes from the contributions of employees, complemented by the earnings from the trust's investment assets.
Who is the CEO of American Airlines Inc Ltd Plan Trust?
Lekresa Brown is the Principal Officer of American Airlines Inc Ltd Plan Trust.
What is the revenue of American Airlines Inc Ltd Plan Trust?
American Airlines Inc Ltd Plan Trust's revenue in 2022 was $17,926,211.
Who are the executives of American Airlines Inc Ltd Plan Trust and what are their salaries?
There is 1 key member and their salary:
- Compensation: $3,756
- Related: $0
- Other: $0
Where can I find the form 990 for American Airlines Inc Ltd Plan Trust?
American Airlines Inc Ltd Plan Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of American Airlines Inc Ltd Plan Trust
The American Airlines Inc Ltd Plan Trust is a dedicated entity that focuses on administering long-term disability benefits for its eligible employees. Established through a trust agreement executed on December 5, 1983, the organization takes pride in maintaining various welfare benefit plans to ensure the financial security of its employees during times of disability.
In providing long-term disability benefits, the Trust plays a vital role in safeguarding the well-being and financial stability of its employee participants. Funded by a combination of employee contributions and the earnings of the Trust's investment assets, the benefits offered by American Airlines Inc Ltd Plan Trust serve as a crucial safety net for those in need. By assuming this role, the Trust demonstrates a strong commitment to fostering the overall well-being and financial security of its employee base.
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Impact
October, 2024
American Airlines Inc Ltd Plan Trust offers significant support to employees by providing long-term disability benefits, which are crucial for ensuring financial stability in the event of an employee's prolonged absence due to disability. The trust is funded through employee contributions and the earnings generated from investment assets, creating a robust resource for those who may face medical and financial challenges.
By maintaining this plan, American Airlines prioritizes the welfare of its employees, fostering a culture of mutual benefit and security. The trust not only serves as a safety net for individual employees but also contributes to overall workforce morale, knowing that support is available in times of need. This commitment helps cultivate a loyal and dedicated employee base, which can ultimately enhance productivity and reduce turnover within the organization.
The long-standing nature of the trust, established in 1983, reflects a consistent commitment to employee welfare, reinforcing the company’s role as a responsible employer. Overall, the impact of the American Airlines Inc Ltd Plan Trust is profound, providing essential support and peace of mind to its participants.
This information is meant to be a general summary of American Airlines Inc Ltd Plan 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: $12,054,220
- Program Service Revenue: $5,871,991
- Gross Receipts: $34,033,542
Assets and Liabilities:
- Total Assets: $250,821,679
- Total Liabilities: $0
- Net Assets: $250,821,679
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYEE CONTRIBUTIONS
Revenue
$5,871,991
Organization Details
Founding Year
1983
Phone
(682) 278-0383Principal Officer
Lekresa Brown
Main Address
PO Box 619616 Mail Drop 8A202, DFW Airport, TX, 75261
NTEE Category
Code: Y40 - Mutual benefit
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