Overview
What is The Metlife Veba Trust?
The Metlife Veba Trust is a nonprofit organization located in New York City, specifically at 200 Park Avenue, 6th Floor. Its primary purpose is to ensure the provision of post-retirement medical benefits for eligible non-unionized retirees from Metlife Group, Inc., and its associated entities. This crucial support aims to alleviate the healthcare burdens for these individuals in their retirement years.
Is The Metlife Veba Trust legitimate?
The Metlife Veba Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. The Metlife 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of The Metlife Veba Trust?
The Metlife Veba Trust's primary mission is to ensure the funding of post-retirement medical benefits for eligible non-bargained retired employees of Metlife Group, Inc. and participating affiliates. This trust is committed to providing financial assistance to these retired individuals, ensuring they have access to necessary medical care during their retirement years. By doing so, the trust aims to alleviate some of the financial burdens associated with healthcare expenses in retirement. The trust's activities are focused on maintaining and managing funds for this specific purpose, contributing to the well-being of its beneficiaries.
Who is the CEO of The Metlife Veba Trust?
Ken Laguardia is the Trustee of The Metlife Veba Trust.
What is the revenue of The Metlife Veba Trust?
The Metlife Veba Trust's revenue in 2022 was -$21,605,164.
Who are the executives of The Metlife Veba Trust and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for The Metlife Veba Trust?
The Metlife Veba Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of The Metlife Veba Trust
The Metlife Veba Trust is a dedicated organization with a specific mission. Its primary goal is to ensure the provision of post-retirement medical benefits for eligible non-bargained retired employees of MetLife Group, Inc. and participating affiliates. This mission is carried out through the funding of these medical benefits, providing a crucial safety net for retired employees who may require medical care beyond their retirement years. By fulfilling this mission, The Metlife Veba Trust plays a significant role in supporting the health and well-being of its beneficiaries, enabling them to maintain their quality of life during their post-retirement years.
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Impact
October, 2024
The Metlife Veba Trust significantly impacts the lives of eligible non-bargained retired employees of MetLife Group, Inc. and its participating affiliates by ensuring they have access to funding for post-retirement medical benefits. This provision helps secure their healthcare needs in retirement, alleviating financial burdens associated with medical expenses.
By focusing on post-retirement medical benefits, the Trust enhances the overall wellbeing and quality of life for retirees, promoting both physical health and peace of mind. The funding provided facilitates access to necessary healthcare services, which is vital as individuals age and may face increasing medical challenges.
Moreover, the Trust supports the retention of a positive relationship between MetLife and its retired employees, reinforcing a sense of security and appreciation for their service. This initiative contributes to a culture of mutual benefit, emphasizing the importance of caring for employees even after their active tenure has ended. Overall, the Metlife Veba Trust plays a crucial role in sustaining the health and financial stability of its beneficiaries in their retirement years.
This information is meant to be a general summary of The Metlife 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: $2,533,574
- Program Service Revenue: -$24,143,645
Assets and Liabilities:
- Total Assets: $929,992,708
- Total Liabilities: $0
- Net Assets: $929,992,708
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TOLI REALIZED LOSS
Revenue
-$30,679,688
TOLI CLAIM REINVESTMENT
Revenue
$19,940,576
TOLI PREMIUM REFUND
Revenue
-$35
TOLI CSV ADJUSTMENT
Revenue
-$13,292,759
TOLI WD RECAPTURE
Revenue
-$111,739
Organization Details
Founding Year
1993
Phone
(212) 578-3814Principal Officer
Ken Laguardia
Main Address
200 Park Avenue 6th FLOOR, New York, NY, 10166
NTEE Category
Code: Y40 - Mutual benefit
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