American Bureau Of Shipping Veba Master Trust

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

EIN: 208838129 ✦ Spring, TX ✦ Designated as a 501(c)(9)

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Overview

What is American Bureau Of Shipping Veba Master Trust?

The American Bureau of Shipping Veba Master Trust is a nonprofit entity based in Spring, Texas. Its primary mission is to offer benefits to eligible employees and their dependents, as outlined in its master trust agreement. The trust serves this purpose by providing employee benefits, ensuring financial support for its eligible members. The trust's headquarters can be found at 1701 City Plaza Drive, Spring, Texas 77389.

Is American Bureau Of Shipping Veba Master Trust legitimate?

American Bureau Of Shipping Veba Master Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. American Bureau Of Shipping Veba Master 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

For more financial information, click here

What is the mission statement of American Bureau Of Shipping Veba Master Trust?

The American Bureau of Shipping Veba Master Trust's primary objective is to offer benefits to eligible members, as outlined in the American Bureau of Shipping Master Trust Agreement. This trust serves to provide financial assistance to eligible employees and their dependents, ensuring their well-being in accordance with the terms set forth in the agreement. The trust's primary activity revolves around the dispensation of employee benefits, which is a key component of its mission. The American Bureau of Shipping Veba Master Trust's main purpose is to uphold this commitment to its members, ensuring they receive the benefits they are entitled to as per the trust agreement.

Who is the CEO of American Bureau Of Shipping Veba Master Trust?

William E Harlan is the Trustee of American Bureau Of Shipping Veba Master Trust.

What is the revenue of American Bureau Of Shipping Veba Master Trust?

American Bureau Of Shipping Veba Master Trust's revenue in 2022 was -$49,819.

Who are the executives of American Bureau Of Shipping Veba Master Trust and what are their salaries?


There is 1 key member and their salary:


State Street (Trustee)
  • Compensation: $28,286
  • Related: $0
  • Other: $0
Where can I find the form 990 for American Bureau Of Shipping Veba Master Trust?

American Bureau Of Shipping Veba Master Trust's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of American Bureau Of Shipping Veba Master Trust

The American Bureau of Shipping Veba Master Trust is established with a primary objective to provide benefits to eligible members, as outlined in the American Bureau of Shipping Master Trust Agreement. This nonprofit organization's mission is centered around extending these benefits to its members, ensuring they receive the support they need. The specifics of these benefits are detailed in the trust agreement, serving as the guiding document for the American Bureau of Shipping Veba Master Trust's operations.

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Impact




October, 2024

The American Bureau of Shipping Veba Master Trust plays a critical role in providing employee benefits to eligible members. By ensuring that employees and their dependents receive the necessary support, it helps enhance the overall well-being and financial security of individuals within the organization. The trust facilitates access to benefits, which can include health care and other essential services, promoting a stable and motivated workforce. This support ultimately contributes to the operational efficiency and morale of the American Bureau of Shipping, fostering a culture of care and responsibility among employers and employees alike. Its presence underscores the importance of mutual benefit provisions within corporate structures, ensuring that the needs of personnel are prioritized in accordance with established agreements.




This information is meant to be a general summary of American Bureau Of Shipping Veba Master 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.

Revenue
-$49,819 (2022)
Expenses
$4,678,095 (2022)
Efficiency

Other financial information:

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

  • Investment Income: -$353,959
  • Program Service Revenue: $304,140
  • Gross Receipts: $33,342,359

Assets and Liabilities:

  • Total Assets: $102,894,459
  • Total Liabilities: $2,133,091
  • Net Assets: $100,761,368

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Programs

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

PARTICIPANT CONTRIBUTIONS

Revenue

$304,140

Organization Details

Founding Year

2005

Principal Officer

William E Harlan

Main Address

1701 CITY PLAZA DRIVE, SPRING, TX, 77389

NTEE Category

Code: Y43 - Mutual benefit

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