Overview
What is Cleveland-Cliffs Steel Llc Veba Trust?
The Cleveland-Cliffs Steel LLC Veba Trust is a nonprofit organization based in Chicago, Illinois. It acts as the financial foundation for the voluntary employees' beneficiary association of Cleveland-Cliffs Steel LLC, formerly comprised of USWA employees from Bethlehem Steel and LTV Steel. This trust provides essential services to the beneficiaries of these former employees.
Is Cleveland-Cliffs Steel Llc Veba Trust legitimate?
Cleveland-Cliffs Steel Llc Veba Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Cleveland-Cliffs Steel Llc 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 not tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $6,250
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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Mission Statement of Cleveland-Cliffs Steel Llc Veba Trust
The Cleveland-Cliffs Steel Llc Veba Trust acts as the financing instrument for the voluntary employees' beneficiary association of former USWA employees at Bethlehem Steel and LTV Steel. In simpler terms, this organization serves as the financial backbone for the welfare plan of the aforementioned steel industry workers, who were once affiliated with the United Steelworkers of America (USWA).
Established to cater to the needs of these former employees, the Cleveland-Cliffs Steel Llc Veba Trust has taken on the crucial role of ensuring the provision of benefits for its members. By functioning as a beneficiary association, it offers a safety net to those who have worked in the steel industry and are now in need of assistance.
Although the trust's location is mentioned as being in Chicago, Illinois, the focus of its mission remains on the wellbeing of its members, the former USWA employees of Bethlehem Steel and LTV Steel. The Cleveland-Cliffs Steel Llc Veba Trust plays an essential role in supporting these individuals by managing and funding the various benefits offered to them.
Impact
This information is meant to be a general summary of Cleveland-Cliffs Steel Llc Veba Trust. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
The impact of Cleveland-Cliffs Steel Llc Veba Trust is significant in providing funding and support for the voluntary employees' beneficiary association for former USWA employees of Bethlehem Steel and LTV Steel. This trust plays a crucial role in ensuring the welfare and benefits of these employees are upheld, serving as a vital resource for their financial security and well-being. Additionally, the trust's presence in Chicago, IL, highlights its commitment to supporting and advocating for the interests of these former employees. Through its mission, the Cleveland-Cliffs Steel LLC Veba Trust actively contributes to the mutual benefit and support of its members, demonstrating a tangible and positive impact on the lives of those it serves.
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.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTION
Revenue
$84,570,069
EMPLOYEE CONTRIBUTION
Revenue
$9,065,000
Organization Details
Phone
(312) 899-3400
Principal Officer
Christine Fleps
Main Address
1 SOUTH DEARBORN MC 6-019, CHICAGO, IL, 60603
NTEE Category
Code: Y40 - Mutual benefit
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