Orion Township Public Library Retiree Health Care Plan

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

EIN: 205448918 ✦ Lake orion, MI ✦ Designated as a 501(c)(9)

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Overview

What is Orion Township Public Library Retiree Health Care Plan?

The Orion Township Public Library Retiree Health Care Plan is a nonprofit initiative that provides retirement health care benefits for its employees. The plan's structure is based on the medical benefits program outlined in the health insurance contract. As per the latest actuarial report, the plan currently supports three beneficiaries. This plan is dedicated to offering health care benefits as part of the retirement package, thus supporting the well-being of its retired employees.

Is Orion Township Public Library Retiree Health Care Plan legitimate?

Orion Township Public Library Retiree Health Care Plan is a legitimate nonprofit organization registered as a 501(c)(9) entity. Orion Township Public Library Retiree Health Care Plan submitted a form 990EZ, 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.

What is the mission statement of Orion Township Public Library Retiree Health Care Plan?

The Orion Township Public Library Retiree Health Care Plan is designed to offer retirement health care benefits to its employees. This is achieved by adhering to the terms outlined in the medical benefits program, as outlined in the health insurance contract. As per the latest actuarial report, the plan currently provides care to three beneficiaries. In essence, the plan's primary goal is to ensure the health care needs of its retired employees are met, utilizing the provisions of their health insurance contract.

Who is the CEO of Orion Township Public Library Retiree Health Care Plan?

Maryanne Thorndycraft is the Trustee of Orion Township Public Library Retiree Health Care Plan.

What is the revenue of Orion Township Public Library Retiree Health Care Plan?

Orion Township Public Library Retiree Health Care Plan's revenue in 2022 was $3,354.

Who are the executives of Orion Township Public Library Retiree Health Care Plan and what are their salaries?


Here are 3 key members and their salaries:


Damon Sorensen (Finance Specialist (Ended 8/2022))
  • Compensation: $0
  • Related: $0
  • Other: $0
Chase Mcmunn (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Maryanne Thorndycraft (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990EZ for Orion Township Public Library Retiree Health Care Plan?

Orion Township Public Library Retiree Health Care Plan's most recent form 990EZ was submitted in 2022 and can be accessed here.

Mission Statement of Orion Township Public Library Retiree Health Care Plan

Orion Township Public Library Retiree Health Care Plan is a committed organization that focuses on providing retirement health care benefits to its employees. The plan operates under the guidelines set by the health insurance contract, ensuring that the medical benefits program is incorporated effectively. According to the latest actuarial report, the plan currently serves a modest population of three beneficiaries. The mission of Orion Township Public Library Retiree Health Care Plan is to safeguard the health care needs of its retired employees, offering them a sense of security and support during their post-employment years. The plan's objective is to uphold the terms and conditions of the medical benefits program, thereby ensuring the well-being of its beneficiaries.

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Impact




October, 2024

The Orion Township Public Library Retiree Health Care Plan plays a crucial role in ensuring that retired employees have access to essential health care benefits. By implementing a structured benefits program, the plan alleviates the financial burden associated with healthcare costs for retirees, providing them with peace of mind during their retirement years.

With currently three beneficiaries, this tailored approach addresses the specific needs of its participants, thereby fostering loyalty and morale among current employees who value post-retirement health security. The plan’s alignment with established health insurance contracts further enhances the comprehensiveness and reliability of the coverage offered, allowing retirees to focus on their well-being rather than the complexities of healthcare logistics.

In summary, the impact of the Orion Township Public Library Retiree Health Care Plan is multi-faceted; it supports the financial stability of retirees, enhances employee satisfaction, and promotes a culture of care and responsibility within the organization.




This information is meant to be a general summary of Orion Township Public Library Retiree Health Care 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.

Revenue
$3,354 (2022)
Expenses
$7,151 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $424
  • Program Service Revenue: $2,930
  • Gross Receipts: $3,354

Assets and Liabilities:

  • Total Assets: $344,584
  • Total Liabilities: $1,993
  • Net Assets: $342,591

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Organization Details

Principal Officer

Maryanne Thorndycraft

Main Address

825 JOSLYN ROAD, LAKE ORION, MI, 483622124

NTEE Category

Code: Y43 - Mutual benefit

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