Obi Retiree Medical Voluntary Employee Benefits Association

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

EIN: 203970900 ✦ Peabody, MA ✦ Designated as a 501(c)(9)

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Overview

What is Obi Retiree Medical Voluntary Employee Benefits Association?

Obi Retiree Medical Voluntary Employee Benefits Association is a nonprofit organization based in Peabody, Massachusetts. Its primary purpose is to manage and administer the Obi Retiree Benefit Plan, along with any additional plans that align with its charter. The association's mission is centered around providing benefits, such as medical coverage, to its members, their dependents, or designated beneficiaries. Established with the intention of sponsoring and overseeing these plans, Obi Retiree Medical Voluntary Employee Benefits Association aims to support its members post-retirement, providing them with the necessary medical coverage and benefits.

Is Obi Retiree Medical Voluntary Employee Benefits Association legitimate?

Obi Retiree Medical Voluntary Employee Benefits Association is a legitimate nonprofit organization registered as a 501(c)(9) entity. Obi Retiree Medical Voluntary Employee Benefits Association 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: $102,655
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of Obi Retiree Medical Voluntary Employee Benefits Association?

The Obi Retiree Medical Voluntary Employee Benefits Association was established with the purpose of sponsoring and managing various benefit plans, including the OBI Retiree Benefit Plan. The organization's mission, as outlined in its charter, is to oversee and administer these plans according to their specified terms. The primary function of the association is to provide benefits, either to members directly or their dependents and designated beneficiaries, as stipulated by the adopted plans. The association serves as a platform for managing and distributing these benefits, ensuring the financial well-being of its members during retirement.

Who is the CEO of Obi Retiree Medical Voluntary Employee Benefits Association?

Laurie Kiricoples is the Trustee of Obi Retiree Medical Voluntary Employee Benefits Association.

What is the revenue of Obi Retiree Medical Voluntary Employee Benefits Association?

Obi Retiree Medical Voluntary Employee Benefits Association's revenue in 2022 was $148,404.

Who are the executives of Obi Retiree Medical Voluntary Employee Benefits Association and what are their salaries?


Here are 4 key members and their salaries:


Robert Gowdy (Trustee)
  • Compensation: $30,000
  • Related: $0
  • Other: $0
Laurie Kiricoples (Trustee)
  • Compensation: $32,000
  • Related: $0
  • Other: $0
Thomas Ford (Trustee)
  • Compensation: $32,000
  • Related: $0
  • Other: $0
Pnc Bank (Custodial Trustee)
  • Compensation: $8,655
  • Related: $0
  • Other: $0
Where can I find the form 990 for Obi Retiree Medical Voluntary Employee Benefits Association?

Obi Retiree Medical Voluntary Employee Benefits Association's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Obi Retiree Medical Voluntary Employee Benefits Association

Obi Retiree Medical Voluntary Employee Benefits Association was established with a primary mission to sponsor and manage various benefit plans. This organization was created under specific terms, allowing it to adopt and sponsor additional plans as needed. Its main objective is to provide benefits to its members, their dependents, or designated beneficiaries. Essentially, Obi Retiree Medical Voluntary Employee Benefits Association is dedicated to administering and overseeing retirement benefits for its members.

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Impact




October, 2024

Obi Retiree Medical Voluntary Employee Benefits Association plays a vital role in providing financial support and healthcare benefits to its members and their dependents. By sponsoring and administering the OBI Retiree Benefit Plan, it ensures that retirees have access to essential medical benefits, which can be a significant relief during their post-employment years. This impact is particularly crucial for older adults who may face rising healthcare costs and limited income.

The organization's dedication to member benefits enhances the quality of life for former employees and their families, fostering a sense of security and stability. As it continues to adopt and sponsor additional plans as needed, Obi Retiree Medical strengthens its commitment to the well-being of its members, helping them navigate the complexities of retirement healthcare. In doing so, it reinforces a community of mutual support, ensuring that retirees can enjoy their later years with the assurance of accessible care and financial assistance.




This information is meant to be a general summary of Obi Retiree Medical Voluntary Employee Benefits Association. 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
$148,404 (2022)
Expenses
$223,707 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $18,239
  • Gross Receipts: $3,055,898

Assets and Liabilities:

  • Total Assets: $2,816,417
  • Total Liabilities: $0
  • Net Assets: $2,816,417

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Organization Details

Founding Year

2006

Principal Officer

Laurie Kiricoples

Main Address

PO BOX 4000, PEABODY, MA, 01961

NTEE Category

Code: Y43 - Mutual benefit

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