Overview
What is Hawaiian Airlines Inc Pilots' Voluntary Empl?
Hawaiian Airlines Inc Pilots' Voluntary Empl, abbreviated as PLAN, is a nonprofit organization that operates under the Internal Revenue Code of 1986, serving eligible pilots of Hawaiian Airlines, Inc. The organization's primary mission is to provide a source of income for pilots who experience significant illness or injury, enabling them to maintain their financial stability during their recovery period. This is achieved through a voluntary employees' beneficiary association (VEBA) structure, which offers monthly disability income payments to approved pilots based on a specific formula. In the unfortunate event of a pilot's death while receiving these payments, their spouse will receive a survivor benefit equal to half of the amount payable to the pilot. The organization's core purpose is to support the well-being of Hawaiian Airlines pilots during challenging health situations.
Is Hawaiian Airlines Inc Pilots' Voluntary Empl legitimate?
Hawaiian Airlines Inc Pilots' Voluntary Empl is a legitimate nonprofit organization registered as a 501(c)(9) entity. Hawaiian Airlines Inc Pilots' Voluntary Empl 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: $3,594
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Hawaiian Airlines Inc Pilots' Voluntary Empl?
The Hawaiian Airlines Inc Pilots' Voluntary Empl is an organization designed to provide a source of income for eligible pilots of Hawaiian Airlines Inc during periods of significant illness or injury. Operating as a Voluntary Employees' Beneficiary Association (VEBA) under the requirements of Section 501(A) and 501(C)(9) of the Internal Revenue Code of 1986, this plan provides monthly disability income to qualified pilots of the airline. Once a pilot's application for disability income is approved, they will receive the payments according to the formula in the plan. In the unfortunate event of a pilot's death while receiving disability income, their spouse will be entitled to a monthly surviving spouse benefit equal to 50% of the amount payable to the pilot. A pilot will be considered disabled if they are unable to maintain or exercise the privileges of the FAA medical certificate required for their job position or category due to a medically determinable physical or mental condition.
Who is the CEO of Hawaiian Airlines Inc Pilots' Voluntary Empl?
Bank Of Hi-Institut is the Principal Officer of Hawaiian Airlines Inc Pilots' Voluntary Empl.
What is the revenue of Hawaiian Airlines Inc Pilots' Voluntary Empl?
Hawaiian Airlines Inc Pilots' Voluntary Empl's revenue in 2022 was $3,783,444.
Who are the executives of Hawaiian Airlines Inc Pilots' Voluntary Empl and what are their salaries?
There is 1 key member and their salary:
- Compensation: $3,594
- Related: $0
- Other: $0
Where can I find the form 990 for Hawaiian Airlines Inc Pilots' Voluntary Empl?
Hawaiian Airlines Inc Pilots' Voluntary Empl's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Hawaiian Airlines Inc Pilots' Voluntary Empl
The Hawaiian Airlines Inc Pilots' Voluntary Empl, a Voluntary Employees' Beneficiary Association (VEBA), serves a crucial role for eligible pilots of Hawaiian Airlines Inc. Its primary mission is to provide a source of income for these pilots during periods of significant illness or injury. This organization operates under the guidelines set by Section 501(A) and 501(C)(9) of the Internal Revenue Code of 1986.
Once a pilot's application for disability income is approved, the Pilots' Voluntary Empl provides them with monthly disability income payments, following a specific formula outlined in the plan. In the unfortunate event of a pilot's death while receiving disability income payments, their spouse will receive a monthly surviving spouse benefit equal to 50% of the amount payable to the pilot. The pilot is considered disabled if they are unable to maintain or exercise the privileges of the FAA medical certificate required for their job position or category due to a medically determinable physical or mental condition.
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Impact
October, 2024
Hawaiian Airlines Inc Pilots' Voluntary Employment Plan aims to provide eligible pilots with financial support during challenging times caused by significant illness or injury. This initiative ensures that pilots facing health-related obstacles can receive monthly disability income, helping to alleviate financial stress and promote their overall well-being.
The program is structured under the guidelines of a Voluntary Employees' Beneficiary Association (VEBA), which allows for tax-advantaged contributions and benefits. Once a pilot's application for disability income is approved, the pilot is entitled to receive payments based on a predetermined formula outlined in the plan. In the event of a pilot's death while receiving these benefits, the program extends its support to the pilot's spouse, ensuring continued financial assistance through a surviving spouse benefit.
By addressing the financial needs of pilots during periods when they cannot perform their duties due to medical conditions, the plan not only enhances the stability of individual pilots and their families but also fosters a supportive community within Hawaiian Airlines. This creates a positive impact on morale and reinforces the mutual benefit among peers in the aviation industry.
This information is meant to be a general summary of Hawaiian Airlines Inc Pilots' Voluntary Empl. 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: -$261,869
- Program Service Revenue: $4,045,313
- Gross Receipts: $11,754,506
Assets and Liabilities:
- Total Assets: $39,893,685
- Total Liabilities: $6,561
- Net Assets: $39,887,124
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTIONS
Revenue
$4,045,313
Organization Details
Founding Year
2005
Phone
(808) 835-3700Principal Officer
Bank Of Hi-Institut
Main Address
3375 KOAPAKA STREET Suite G350, HONOLULU, HI, 96819
NTEE Category
Code: Y43 - Mutual benefit
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