Overview
What is Raytheon Employees Disability Trust?
Raytheon Employees Disability Trust is a welfare benefit trust established for the exclusive advantage of eligible Raytheon employees, their dependents, and designated beneficiaries. Based in Farmington, Connecticut, the trust collects employee contributions and processes claims to provide benefits. The trust's mission is to fulfill the intentions of Raytheon, ensuring it complies with the Internal Revenue Code related to Voluntary Employees' Beneficiary Associations (VEBAs).
Is Raytheon Employees Disability Trust legitimate?
Raytheon Employees Disability Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Raytheon Employees Disability 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: $4,272
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Raytheon Employees Disability Trust?
The Raytheon Employees Disability Trust is established to exclusively benefit eligible employees, their dependents, and designated beneficiaries. The trust serves to collect employee contributions and process employee benefit claims. The trust agreements are intended to comply with the Internal Revenue Code relating to Voluntary Employees' Beneficiary Associations (VEBAs). In simpler terms, the trust aims to manage and distribute disability benefits for the specified group of individuals.
Who is the CEO of Raytheon Employees Disability Trust?
Bny Mellon is the Principal Officer of Raytheon Employees Disability Trust.
What is the revenue of Raytheon Employees Disability Trust?
Raytheon Employees Disability Trust's revenue in 2022 was $14,815,364.
Who are the executives of Raytheon Employees Disability Trust and what are their salaries?
There is 1 key member and their salary:
- Compensation: $4,272
- Related: $0
- Other: $0
Where can I find the form 990 for Raytheon Employees Disability Trust?
Raytheon Employees Disability Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Raytheon Employees Disability Trust
Raytheon Employees Disability Trust is a specialized trust established to extend exclusive benefits to eligible employees of Raytheon, their dependents, and designated beneficiaries. The trust's primary role is to collect and manage employee contributions and process employee benefit claims, adhering to the provisions of the Internal Revenue Code related to Voluntary Employees' Beneficiary Associations (VEBAs).
In essence, this trust serves as a vital resource for Raytheon employees, offering them essential support through the accumulation and distribution of benefits as outlined in the trust agreements. The trust's mission is grounded in Raytheon's intent to ensure the welfare of its employees and their families, providing them with financial security during challenging times. By satisfying the provisions of the IRC, the Raytheon Employees Disability Trust upholds its commitment to delivering on the promises made to its beneficiaries.
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Impact
October, 2024
Raytheon Employees Disability Trust significantly impacts the welfare of eligible employees, their dependents, and designated beneficiaries by providing exclusive benefits designed to support them during times of need. This trust collects employee contributions and ensures the prompt payment of benefits, effectively addressing disability-related claims. By aligning with the intent of Raytheon and adhering to relevant IRS provisions for voluntary employee benefit associations, the Trust plays a crucial role in enhancing employee security and financial stability. Ultimately, it fosters a supportive environment that prioritizes the well-being of employees and their families, underscoring the value placed on their contributions to the organization.
This information is meant to be a general summary of Raytheon Employees Disability 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: $2,561,217
- Program Service Revenue: $12,254,147
- Gross Receipts: $14,815,364
Assets and Liabilities:
- Total Assets: $70,956,878
- Total Liabilities: $0
- Net Assets: $70,956,878
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYEE CONTRIBUTIONS
Revenue
$12,254,147
Organization Details
Founding Year
2003
Phone
(781) 790-6895Principal Officer
Bny Mellon
Main Address
4 FARM SPRINGS RD, FARMINGTON, CT, 06032
NTEE Category
Code: Y40 - Mutual benefit
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