Overview
What is Copolymer Retirees Trust?
Copolymer Retirees Trust is a nonprofit organization, specifically a Voluntary Employees' Beneficiary Association (VEBA), established and initially funded by DSM Copolymer Inc. Its primary mission is to provide comprehensive healthcare benefits, including pharmacy services and life insurance, for the retired employees and their dependents of the sponsor company. The Trust has been managing these benefits since its inception and currently serves around 330 retirees, spouses, and dependents as of August 31, 2022. Moreover, the Trust also offers a voluntary participant-funded dental benefit. The Copolymer Retirees Trust continues to manage premiums for future medical, life, and dental benefits for all its participants.
Is Copolymer Retirees Trust legitimate?
Copolymer Retirees Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Copolymer Retirees 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.
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What is the mission statement of Copolymer Retirees Trust?
The Copolymer Retirees Trust, established as a Voluntary Employees' Beneficiary Association, was initially funded by DSM Copolymer Inc. to handle the medical and life insurance liabilities for its retirees, their spouses, and dependents. The Trust currently serves over 330 participants, managing premiums for future medical, life, and dental benefits for all participants. The primary objective of the Trust is to deliver superior healthcare benefits, pharmacy services, and life insurance to the retirees of the sponsoring company. The Trust continues to uphold its mission by managing these benefits effectively, ensuring the well-being of its participants.
Who is the CEO of Copolymer Retirees Trust?
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What is the revenue of Copolymer Retirees Trust?
Copolymer Retirees Trust's revenue in 2022 was $151,289.
Who are the executives of Copolymer Retirees Trust and what are their salaries?
Here are 5 key members and their salaries:
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Where can I find the form 990 for Copolymer Retirees Trust?
Copolymer Retirees Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Copolymer Retirees Trust
The Copolymer Retirees Trust, established and primarily funded by DSM Copolymer Inc., serves as a Voluntary Employees' Beneficiary Association (VEBA). Its primary mission is to assume the liabilities related to medical and life insurance for the retirees and their beneficiaries, as well as dependents. The Trust also offers a voluntary participant-funded dental benefit. As of August 31, 2022, the Trust serves approximately 330 participants. The organization continues to manage premiums, ensuring the delivery of future medical, life, and dental benefits for all participants. The Copolymer Retirees Trust is committed to providing high-quality healthcare benefits, pharmacy benefits, and life insurance to the retirees of the sponsor company.
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Impact
October, 2024
Copolymer Retirees Trust plays a crucial role in safeguarding the health and financial well-being of retirees, their spouses, and dependents from DSM Copolymer Inc. By assuming the liabilities for medical and life insurance, the Trust ensures that 330 participants have access to essential healthcare benefits, pharmacy services, and life insurance coverage.
The impact of the Trust is evident in its ability to provide quality healthcare solutions, which directly enhance the quality of life for its members. Additionally, the introduction of a voluntary participant-funded dental benefit expands the range of services available, further supporting the health and welfare of retirees. This proactive management of benefits not only secures ongoing support for participants but also demonstrates a commitment to honoring the contributions of retirees from DSM Copolymer Inc.
By effectively managing premiums and ensuring sustainability for future medical, life, and dental benefits, Copolymer Retirees Trust continues to serve as a vital resource, helping to maintain peace of mind for its members during their retirement years.
This information is meant to be a general summary of Copolymer Retirees 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 2022.
- Investment Income: -$598,757
- Program Service Revenue: $750,046
- Gross Receipts: $151,289
Assets and Liabilities:
- Total Assets: $5,820,766
- Total Liabilities: $1,450
- Net Assets: $5,819,316
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Organization Details
Founding Year
2006
Phone
(225) 490-0021Main Address
8560 ANSELMO LN, BATON ROUGE, LA, 708101207
NTEE Category
Code: Y43 - Mutual benefit
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