Measurement Incorporated Voluntary Employees Beneficiary Association

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

EIN: 206780617 ✦ Durham, NC ✦ Designated as a 501(c)(9)

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Overview

What is Measurement Incorporated Voluntary Employees Beneficiary Association?

Measurement Incorporated Voluntary Employees Beneficiary Association, located at 423 Morris Street, Durham, NC 27701, is a nonprofit organization dedicated to providing financial assistance to eligible retired employees of Measurement Incorporated. Their primary mission is to reimburse these retirees for their Medicare Part B, Medigap Plan J, and Medicare Part D premiums. This aid is specifically designed for the retiree themselves. The organization's purpose underscores the importance of ensuring that retired employees of Measurement Incorporated maintain adequate healthcare coverage during their post-employment years.

Is Measurement Incorporated Voluntary Employees Beneficiary Association legitimate?

Measurement Incorporated Voluntary Employees Beneficiary Association is a legitimate nonprofit organization registered as a 501(c)(9) entity. Measurement Incorporated Voluntary Employees Beneficiary Association 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 Measurement Incorporated Voluntary Employees Beneficiary Association?

The Measurement Incorporated Voluntary Employees Beneficiary Association has a mission to financially assist eligible retirees of Measurement Incorporated. Specifically, they cover the Medicare Part B, Medigap Plan J, and Medicare Part D premiums for these retirees, supporting their healthcare needs in their post-retirement phase. This beneficial association aims to alleviate the financial burden of these medical costs for the retirees, ensuring they can access necessary healthcare services with ease. The assistance provided by the association is exclusively for the retirees themselves.

Who is the CEO of Measurement Incorporated Voluntary Employees Beneficiary Association?

Henry H Scherich is the Ceo of Measurement Incorporated Voluntary Employees Beneficiary Association. The CEO's salary of Measurement Incorporated Voluntary Employees Beneficiary Association is $0 and their total compensation is $114,752.

What is the revenue of Measurement Incorporated Voluntary Employees Beneficiary Association?

Measurement Incorporated Voluntary Employees Beneficiary Association's revenue in 2022 was $207,250.

Who are the executives of Measurement Incorporated Voluntary Employees Beneficiary Association and what are their salaries?


Here are 5 key members and their salaries (Measurement Incorporated Voluntary Employees Beneficiary Association's CEO's salary is $0 and their total compensation is $114,752):


Nelson Androes (President)
  • Compensation: $0
  • Related: $166,039
  • Other: $0
Alejandro Avila (Cfo)
  • Compensation: $0
  • Related: $137,041
  • Other: $0
Henry H Scherich (Ceo)
  • Compensation: $0
  • Related: $114,752
  • Other: $0
Virginia Bowman (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael New (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Measurement Incorporated Voluntary Employees Beneficiary Association?

Measurement Incorporated Voluntary Employees Beneficiary Association's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Measurement Incorporated Voluntary Employees Beneficiary Association

Measurement Incorporated Voluntary Employees Beneficiary Association, often referred to as MIVEBA, is an organization with a specific mission. This nonprofit is dedicated to reimbursing eligible retirees of Measurement Incorporated for their Medicare Part B, Medigap Plan J, and Medicare Part D premiums. This financial assistance is intended solely for the retirees themselves, providing them with essential healthcare coverage support. By reimbursing these premiums, MIVEBA aims to ease the financial burden on its eligible retirees, enabling them to maintain their health and well-being in their post-retirement years.

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Impact




October, 2024

Measurement Incorporated Voluntary Employees Beneficiary Association provides crucial financial support to eligible retirees by reimbursing them for Medicare Part B, Medigap Plan J, and Medicare Part D premiums. This assistance alleviates some of the financial burdens associated with healthcare costs in retirement, allowing retirees to manage their finances more effectively and maintain access to necessary medical services. By focusing exclusively on the specific needs of these retirees, the organization ensures that individuals can benefit from essential healthcare coverage without the added stress of premium expenses, ultimately enhancing their quality of life during retirement. Positioned in Durham, NC, the association plays a significant role in supporting the health and well-being of its members through targeted financial assistance.




This information is meant to be a general summary of Measurement Incorporated Voluntary Employees Beneficiary Association. 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
$207,250 (2022)
Expenses
$150,607 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $24,250
  • Program Service Revenue: $183,000
  • Gross Receipts: $207,250

Assets and Liabilities:

  • Total Assets: $1,638,738
  • Total Liabilities: $0
  • Net Assets: $1,638,738

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

Benefit Payments

Revenue

$183,000

Organization Details

Founding Year

2006

Principal Officer

Henry H Scherich

Main Address

423 Morris Street, Durham, NC, 27701

NTEE Category

Code: Y43 - Mutual benefit

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