Overview
What is Special Metals Corporation Iam Retiree Veba Trust?
Special Metals Corporation's Iam Retiree Veba Trust is a nonprofit organization dedicated to providing health insurance coverage for its retired employees. This trust fulfills its mission by offering comprehensive health insurance plans, ensuring the well-being and medical support of its retired workers. The trust's primary activity involves extending this vital benefit, thereby contributing to the overall health and security of its retirees.
Is Special Metals Corporation Iam Retiree Veba Trust legitimate?
Special Metals Corporation Iam Retiree Veba Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Special Metals Corporation Iam Retiree 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
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What is the mission statement of Special Metals Corporation Iam Retiree Veba Trust?
The Special Metals Corporation's Iam Retiree Veba Trust is dedicated to providing health insurance coverage for its retired employees. This mission is carried out by offering health insurance as a service to the retired workers, ensuring their continued access to necessary medical care post-employment. The Trust's primary objective is to support the health and well-being of its retirees, ensuring they can maintain their quality of life after their working years. The Trust's activities are focused on delivering health insurance benefits, serving as a vital safety net for its retired employees.
What is the revenue of Special Metals Corporation Iam Retiree Veba Trust?
Special Metals Corporation Iam Retiree Veba Trust's revenue in 2023 was $566,694.
Who are the executives of Special Metals Corporation Iam Retiree Veba Trust and what are their salaries?
Here are 6 key members and their salaries:
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Where can I find the form 990 for Special Metals Corporation Iam Retiree Veba Trust?
Special Metals Corporation Iam Retiree Veba Trust's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Special Metals Corporation Iam Retiree Veba Trust
Special Metals Corporation's Iam Retiree Veba Trust is committed to providing health insurance coverage for its retired employees. This nonprofit organization serves as a safety net, ensuring that retired workers from Special Metals can continue to access essential healthcare services even after their active employment. By offering health insurance, the Trust helps maintain the well-being of its beneficiaries, enabling them to lead healthier post-retirement lives.
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Impact
October, 2024
The Special Metals Corporation IAM Retiree VEBA Trust plays a crucial role in ensuring that former employees of Special Metals have access to health insurance coverage in their retirement years. By focusing on providing health benefits specifically for IAM retirees, the Trust alleviates financial burdens associated with healthcare costs, allowing retirees to maintain their well-being without the stress of medical expenses.
This initiative fosters a sense of community and support among retirees, reinforcing their connection to the company and to each other. It also enhances the quality of life for these individuals, enabling them to enjoy their retirement years with greater peace of mind regarding their health care needs. Overall, the Trust significantly contributes to the stability and health of the retired workforce in New Hartford, NY, underscoring the importance of taking care of employees even after they leave the workforce.
This information is meant to be a general summary of Special Metals Corporation Iam Retiree 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $499
- Program Service Revenue: $566,195
- Gross Receipts: $566,694
Assets and Liabilities:
- Total Assets: $392,378
- Total Liabilities: $0
- Net Assets: $392,378
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PARTICIPANT FEES
Revenue
$566,195
Organization Details
Founding Year
2004
Principal Officer
Ben Bungert
NTEE Category
Code: Y43 - Mutual benefit
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