Overview
What is Special Metals Corporation Salaried Retirees Welfare Plan?
The Special Metals Corporation Salaried Retirees Welfare Plan is a nonprofit organization, specifically a Voluntary Employee Benefit Association, situated in Ona, West Virginia. Its primary mission is to offer health insurance benefits to retired employees and their dependents, as well as provide life insurance coverage. This organization aims to support the well-being of its retirees, ensuring they maintain adequate health and financial security during their post-employment years.
Is Special Metals Corporation Salaried Retirees Welfare Plan legitimate?
Special Metals Corporation Salaried Retirees Welfare Plan is a legitimate nonprofit organization registered as a 501(c)(9) entity. Special Metals Corporation Salaried Retirees Welfare Plan 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.
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What is the mission statement of Special Metals Corporation Salaried Retirees Welfare Plan?
The Special Metals Corporation Salaried Retirees Welfare Plan, functioning as a Voluntary Employee Benefit Association, is committed to providing health insurance benefits for its retired members and their dependents. Additionally, it offers life insurance as an integral part of its services. The primary purpose of this plan is to ensure the well-being and financial security of its retirees, offering them necessary health coverage and life insurance protection.
Who is the CEO of Special Metals Corporation Salaried Retirees Welfare Plan?
Roy Smith is the Trustee of Special Metals Corporation Salaried Retirees Welfare Plan.
What is the revenue of Special Metals Corporation Salaried Retirees Welfare Plan?
Special Metals Corporation Salaried Retirees Welfare Plan's revenue in 2022 was $3,479,010.
Who are the executives of Special Metals Corporation Salaried Retirees Welfare Plan and what are their salaries?
There 12 volunteers at Special Metals Corporation Salaried Retirees Welfare Plan.
Here are 12 key members and their salaries:
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Where can I find the form 990 for Special Metals Corporation Salaried Retirees Welfare Plan?
Special Metals Corporation Salaried Retirees Welfare Plan's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Special Metals Corporation Salaried Retirees Welfare Plan
The Special Metals Corporation Salaried Retirees Welfare Plan, serving as a Voluntary Employee Benefit Association, is dedicated to providing health insurance benefits to its retirees and their dependents. Beyond this, the organization also offers life insurance as part of its mission. By offering these benefits, the Special Metals Corporation Salaried Retirees Welfare Plan aims to support its retirees and their families in maintaining their well-being and financial security during their post-employment years.
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Impact
October, 2024
The Special Metals Corporation Salaried Retirees Welfare Plan plays a crucial role in supporting the health and well-being of retired employees and their dependents. By providing health insurance benefits, the plan ensures that retirees have access to essential medical care, which is vital for maintaining their quality of life in retirement. Additionally, the inclusion of life insurance benefits offers financial security and peace of mind to retirees and their families, helping to alleviate concerns related to unexpected events.
The plan operates as a Voluntary Employee Benefit Association, emphasizing the importance of mutual benefit among retirees. By facilitating these essential benefits, the Special Metals Corporation Salaried Retirees Welfare Plan enhances the overall retirement experience for its participants, fostering a sense of community and support among former employees. In doing so, it contributes positively to the social fabric of the region, as retirees are more likely to engage in community activities when they feel secure in their healthcare and financial situations. Overall, the impact of this welfare plan extends beyond individual retirees, promoting a healthier, more stable community.
This information is meant to be a general summary of Special Metals Corporation Salaried Retirees Welfare Plan. 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: $121,227
- Program Service Revenue: $3,357,783
- Gross Receipts: $3,479,010
Assets and Liabilities:
- Total Assets: $6,325,446
- Total Liabilities: $289,744
- Net Assets: $6,035,702
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTIONS
Revenue
$1,910,747
PARTICIPANT CONTRIBUTI
Revenue
$685,001
PRESCRIPTION DRUG REBA
Revenue
$489,095
MEDICARE PART D SUBSID
Revenue
$272,940
Organization Details
Founding Year
2003
Phone
(304) 525-0331Principal Officer
Roy Smith
Main Address
3150 US ROUTE 60, ONA, WV, 25545
NTEE Category
Code: Y43 - Mutual benefit
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