Overview
What is Lucent Supplemental Healthcare Benefits Plan For Formerly Represented Retirees?
Lucent Supplemental Healthcare Benefits Plan for Formerly Represented Retirees is a nonprofit organization situated in Murray Hill, New Jersey. Its primary mission is to offer medical and dental benefits for retirees who were covered under a collective bargaining agreement between Nokia of America Corporation (previously Alcatel-Lucent USA Inc.), Communications Workers of America, and the International Brotherhood of Electrical Workers. The plan provides direct benefit payments to the retiree health plans or reimburses Nokia of America Corporation for a portion of the participants' medical/dental expenses, ensuring financial support for the retirees' healthcare needs.
Is Lucent Supplemental Healthcare Benefits Plan For Formerly Represented Retirees legitimate?
Lucent Supplemental Healthcare Benefits Plan For Formerly Represented Retirees is a legitimate nonprofit organization registered as a 501(c)(9) entity. Lucent Supplemental Healthcare Benefits Plan For Formerly Represented Retirees 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 Lucent Supplemental Healthcare Benefits Plan For Formerly Represented Retirees?
The Lucent Supplemental Healthcare Benefits Plan for Formerly Represented Retirees has a mission to offer medical and dental benefits to its retiree members. The plan fulfills this mission by making direct benefit payments to the retirees' health plans or reimbursing Nokia of America Corporation (formerly Alcatel-Lucent USA Inc.) for a portion of the participants' medical and dental expenses, provided they are covered under the collective bargaining agreement between Nokia of America Corporation and the Communications Workers of America and the International Brotherhood of Electrical Workers. This plan serves to support the healthcare needs of its retiree members by alleviating some of their medical and dental expenses.
Who is the CEO of Lucent Supplemental Healthcare Benefits Plan For Formerly Represented Retirees?
Shannon Matarazzo is the Trustee (Resigned 2/15/22) of Lucent Supplemental Healthcare Benefits Plan For Formerly Represented Retirees.
What is the revenue of Lucent Supplemental Healthcare Benefits Plan For Formerly Represented Retirees?
Lucent Supplemental Healthcare Benefits Plan For Formerly Represented Retirees's revenue in 2022 was $276,798.
Who are the executives of Lucent Supplemental Healthcare Benefits Plan For Formerly Represented Retirees and what are their salaries?
There 2 volunteers at Lucent Supplemental Healthcare Benefits Plan For Formerly Represented Retirees.
Here are 7 key members and their salaries:
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- Related: $196,444
- Other: $50,204
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- Related: $105,683
- Other: $47,600
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Where can I find the form 990 for Lucent Supplemental Healthcare Benefits Plan For Formerly Represented Retirees?
Lucent Supplemental Healthcare Benefits Plan For Formerly Represented Retirees's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Lucent Supplemental Healthcare Benefits Plan For Formerly Represented Retirees
Lucent Supplemental Healthcare Benefits Plan for Formerly Represented Retirees is a mission-driven entity dedicated to providing medical and dental benefits for its retired members. This plan operates under the premise of making direct benefit payments to the retirees' health plans or reimbursing a portion of their medical/dental expenses, if advanced by Nokia of America Corporation (formerly Alcatel-Lucent USA Inc.). The plan's activities are shaped by a collective bargaining agreement between Nokia of America Corporation (NOAC), Communications Workers of America, and the International Brotherhood of Electrical Workers.
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Impact
October, 2024
The Lucent Supplemental Healthcare Benefits Plan for Formerly Represented Retirees significantly impacts the lives of retirees by providing essential medical and dental benefits. This plan offers financial support directly to retiree health plans, ensuring that former employees can maintain access to necessary healthcare services. In instances where Nokia of America Corporation (formerly Alcatel-Lucent USA Inc.) advances medical benefits, the plan also facilitates reimbursement for a portion of the retirees' medical and dental expenses.
By ensuring coverage through the collective bargaining agreements between the involved unions and the corporation, the plan helps retirees manage healthcare costs, which can be particularly burdensome in retirement. This support system alleviates financial strain and enhances the quality of life for many retirees and their families, allowing them to focus on their health and well-being during their retirement years.
This information is meant to be a general summary of Lucent Supplemental Healthcare Benefits Plan For Formerly Represented Retirees. 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: $276,798
- Gross Receipts: $46,108,304
Assets and Liabilities:
- Total Assets: $186,447,706
- Total Liabilities: $85,132
- Net Assets: $186,362,574
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Organization Details
Founding Year
2005
Phone
(908) 578-1400Principal Officer
Shannon Matarazzo
Main Address
600 MOUNTAIN AVENUE ROOM 2A-370, MURRAY HILL, NJ, 07974
NTEE Category
Code: Y44 - Mutual benefit
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