Overview
What is Rolex Watch Usa Inc Retiree Medical Plan?
Rolex Watch Usa Inc Retiree Medical Plan is a provision established for offering post-retirement health insurance benefits to selected former employees of Rolex Watch U.S.A., Inc., as well as certain affiliated companies. The main objective of this plan is to ensure that eligible retirees continue to receive healthcare coverage, providing them with peace of mind and security in their later years. The plan is headquartered in New York City, specifically at 650 Fifth Avenue.
Is Rolex Watch Usa Inc Retiree Medical Plan legitimate?
Rolex Watch Usa Inc Retiree Medical Plan is a legitimate nonprofit organization registered as a 501(c)(9) entity. Rolex Watch Usa Inc Retiree Medical Plan 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: $110,014
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Rolex Watch Usa Inc Retiree Medical Plan?
The Rolex Watch Usa Inc Retiree Medical Plan is designed with the primary objective of offering post-retirement health insurance benefits to certain former employees of Rolex Watch U.S.A., Inc. and its affiliated companies. The plan aims to provide these individuals with continued healthcare coverage upon their retirement. The provision of these benefits is a key component of the plan's mission, aiming to support the health and well-being of its beneficiaries in their post-employment years. The plan serves as a safety net, ensuring that eligible former employees can continue to access essential healthcare services after their retirement.
What is the revenue of Rolex Watch Usa Inc Retiree Medical Plan?
Rolex Watch Usa Inc Retiree Medical Plan's revenue in 2023 was $963,277.
Who are the executives of Rolex Watch Usa Inc Retiree Medical Plan and what are their salaries?
There 4 volunteers at Rolex Watch Usa Inc Retiree Medical Plan.
Here are 5 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $110,014
- Related: $0
- Other: $0
Where can I find the form 990 for Rolex Watch Usa Inc Retiree Medical Plan?
Rolex Watch Usa Inc Retiree Medical Plan's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Rolex Watch Usa Inc Retiree Medical Plan
The Rolex Watch Usa Inc Retiree Medical Plan is a mission-driven initiative, primarily established to provide post-retirement health insurance benefits to certain former employees of Rolex Watch Usa Inc and its affiliated companies. This plan serves as a crucial safety net, ensuring that these individuals can continue to access essential healthcare services even after their retirement. The primary objective of this plan is to enhance the well-being of its beneficiaries by providing them with health insurance coverage, thereby contributing to their overall quality of life during their post-employment years.
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Impact
October, 2024
The Rolex Watch USA Inc Retiree Medical Plan significantly impacts the lives of certain former employees by providing essential postretirement health insurance benefits. This initiative ensures that retirees have access to necessary medical coverage, allowing them to maintain their health and well-being during their retirement years. The plan serves as a critical financial support system, helping to alleviate the burden of healthcare costs that often increase with age. By prioritizing the health needs of its retirees, the plan fosters a sense of security and stability, which can enhance the overall quality of life for participants. Additionally, it reflects the commitment of Rolex Watch USA to support its workforce even after retirement, underscoring the company's values and responsibility towards its employees.
This information is meant to be a general summary of Rolex Watch Usa Inc Retiree Medical 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $237,042
- Program Service Revenue: $294,720
- Gross Receipts: $3,824,795
Assets and Liabilities:
- Total Assets: $10,548,579
- Total Liabilities: $55,000
- Net Assets: $10,493,579
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYEE CONTRIBUTIONS
Revenue
$236,994
EMPLOYER CONTRIBUTIONS
Revenue
$57,726
Organization Details
Founding Year
2005
Principal Officer
Mark W Goldberg
NTEE Category
Code: Y43 - Mutual benefit
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