Security Mutual Life Insurance Company Of New York Veba Trust

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 201093992 ✦ Binghamton, NY ✦ Designated as a 501(c)(9)

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Overview

What is Security Mutual Life Insurance Company Of New York Veba Trust?

The Security Mutual Life Insurance Company of New York Veba Trust is a nonprofit organization that offers retirement benefits, specifically life insurance and disability coverage, to employees and retirees associated with the Security Mutual Life Insurance Company of New York. Through their 501(c)(9) programs, they ensure financial security for their beneficiaries post-retirement. The Trust's primary mission is to provide these essential benefits, contributing to the overall well-being and peace of mind of its members.

Is Security Mutual Life Insurance Company Of New York Veba Trust legitimate?

Security Mutual Life Insurance Company Of New York Veba Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Security Mutual Life Insurance Company Of New York 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

For more financial information, click here

What is the mission statement of Security Mutual Life Insurance Company Of New York Veba Trust?

The Security Mutual Life Insurance Company of New York Veba Trust is committed to offering retiree life insurance and disability benefits for the employees and retirees of Security Mutual Life Insurance Company of New York. Through its 501(c)(9) programs, the trust aims to provide financial security and support during retirement and periods of disability. The trust serves as a vital resource, ensuring that eligible individuals have access to essential benefits, thereby enhancing their overall well-being.

Who is the CEO of Security Mutual Life Insurance Company Of New York Veba Trust?

Nbt Bank Na Sheila E Grant is the Trustee of Security Mutual Life Insurance Company Of New York Veba Trust.

What is the revenue of Security Mutual Life Insurance Company Of New York Veba Trust?

Security Mutual Life Insurance Company Of New York Veba Trust's revenue in 2022 was $39,187.

Who are the executives of Security Mutual Life Insurance Company Of New York Veba Trust and what are their salaries?

There 2 volunteers at Security Mutual Life Insurance Company Of New York Veba Trust.


There is 1 key member and their salary:


Nbt Bank Na Sheila E Grant (Trustee)
  • Compensation: $0
  • Related: $2,500
  • Other: $0
Where can I find the form 990 for Security Mutual Life Insurance Company Of New York Veba Trust?

Security Mutual Life Insurance Company Of New York Veba Trust's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Security Mutual Life Insurance Company Of New York Veba Trust

Security Mutual Life Insurance Company of New York Veba Trust, as a nonprofit entity, is dedicated to providing retiree life insurance and disability benefits for the employees and retirees of Security Mutual Life Insurance Company of New York. This mission is carried out through their 501(c)(9) programs, which aim to ensure financial security and peace of mind for the individuals who have served the company throughout their careers. By offering these benefits, the Trust plays a vital role in supporting the well-being of its beneficiaries, providing them with a sense of security and stability in their post-employment years.

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Impact




October, 2024

Security Mutual Life Insurance Company of New York VEBA Trust plays a crucial role in providing essential financial support to employees and retirees of Security Mutual Life Insurance Company of New York. By offering retiree life insurance and disability benefits, it ensures that individuals who have dedicated their careers to the company have access to vital resources for their well-being in retirement. This support system not only enhances the quality of life for beneficiaries but also fosters a sense of security and peace of mind, knowing that they have a safety net in place during times of need. The trust's activities contribute to a culture of mutual benefit, reflecting the organization's commitment to its workforce, thereby strengthening employee loyalty and morale. Overall, the Security Mutual Life Insurance Company of New York VEBA Trust has a significant impact on the financial stability and welfare of its members.




This information is meant to be a general summary of Security Mutual Life Insurance Company Of New York 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.

Revenue
$39,187 (2022)
Expenses
$104,448 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $39,187
  • Gross Receipts: $39,187

Assets and Liabilities:

  • Total Assets: $2,113,613
  • Total Liabilities: $0
  • Net Assets: $2,113,613

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Organization Details

Founding Year

2003

Principal Officer

Nbt Bank Na Sheila E Grant

Main Address

100 COURT STREET, BINGHAMTON, NY, 13902

NTEE Category

Code: Y43 - Mutual benefit

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