Overview
What is Unisys Supplemental Unemployment Benefits Plan Trust?
Unisys Supplemental Unemployment Benefits Plan Trust is a charitable organization established in accordance with Section 501(C)(17) of the Internal Revenue Code, with the primary purpose of providing supplemental unemployment benefits to eligible participants. Based in Pittsburgh, Pennsylvania, the trust is an integral part of Unisys Corporation's supplemental unemployment benefits plan. Its activities involve receiving contributions from the corporation and distributing supplemental unemployment benefits to eligible employees who have been involuntarily separated due to workforce reductions or layoffs. The trust's operations are aimed at offering financial support during challenging employment transitions, contributing positively to the well-being of its beneficiaries.
Is Unisys Supplemental Unemployment Benefits Plan Trust legitimate?
Unisys Supplemental Unemployment Benefits Plan Trust is a legitimate nonprofit organization registered as a 501(c)(17) entity. Unisys Supplemental Unemployment Benefits 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Unisys Supplemental Unemployment Benefits Plan Trust?
The Unisys Supplemental Unemployment Benefits Plan Trust, as part of the Unisys Supplemental Unemployment Benefits Plan, follows the guidelines of Section 501(C)(17) of the Internal Revenue Code. Its primary function is to receive contributions from Unisys Corporation, serving as the plan sponsor, and subsequently distribute supplemental unemployment benefits to eligible participants. The exclusive purpose of this trust is to provide financial aid to eligible employees who have been involuntarily separated from their employment with Unisys Corporation or its subsidiaries, as a result of a workforce reduction or layoff. The trust operates with the aim of offering additional support during periods of unemployment, contributing to the financial stability of its beneficiaries.
What is the revenue of Unisys Supplemental Unemployment Benefits Plan Trust?
Unisys Supplemental Unemployment Benefits Plan Trust's revenue in 2023 was $649,065.
Who are the executives of Unisys Supplemental Unemployment Benefits Plan Trust and what are their salaries?
There are 100 employees at Unisys Supplemental Unemployment Benefits Plan Trust.
There is 1 key member and their salary:
- Compensation: $0
- Related: $800
- Other: $0
Where can I find the form 990 for Unisys Supplemental Unemployment Benefits Plan Trust?
Unisys Supplemental Unemployment Benefits Plan Trust's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Unisys Supplemental Unemployment Benefits Plan Trust
The Unisys Supplemental Unemployment Benefits Plan Trust, abbreviated as the Trust, is a vital component of the Unisys Supplemental Unemployment Benefits Plan. Its purpose, as required by Section 501(C)(17) of the Internal Revenue Code, is to provide supplemental unemployment benefits to eligible participants. This nonprofit entity receives contributions from Unisys Corporation, acting as the plan sponsor, and utilizes these funds to offer additional unemployment benefits to eligible employees who have undergone involuntary separation from their employment due to a workforce reduction or layoff. The Trust's mission is centered around offering financial assistance during challenging employment transitions, thereby contributing to the overall well-being of its participants.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
The Unisys Supplemental Unemployment Benefits Plan Trust plays a critical role in providing financial support to eligible employees who have experienced involuntary separation from Unisys Corporation or its subsidiaries due to workforce reductions or layoffs. By offering supplemental unemployment benefits, the Trust helps to ease the financial burden on affected employees during periods of unemployment.
This support extends beyond standard unemployment benefits, ensuring that participants receive additional assistance that can be vital for meeting their immediate financial needs. The Trust is funded through contributions from Unisys Corporation, which highlights its commitment to employee welfare even amid challenging company circumstances.
In providing these supplemental benefits, the Trust not only aids individual participants in navigating their economic hardships but also contributes to broader community stability by mitigating the impacts of unemployment. Its structured approach under the guidelines of the Internal Revenue Code reflects a dedicated effort to enhance the safety net for laid-off workers, facilitating their transition to future employment opportunities.
This information is meant to be a general summary of Unisys Supplemental Unemployment Benefits 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 2023.
- Investment Income: $602
- Program Service Revenue: $648,463
- Gross Receipts: $649,065
Assets and Liabilities:
- Total Assets: $30,250
- Total Liabilities: $0
- Net Assets: $30,250
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONTRIBUTIONS FROM UNISYS CORPORATION
Revenue
$648,463
Organization Details
Founding Year
2006
Principal Officer
The Bank Of New York Mellon
NTEE Category
Code: Y24 - Mutual benefit
If you are a representative of Unisys Supplemental Unemployment Benefits Plan Trust and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.