Subaru Employee Welfare Benefit Trust

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

EIN: 222351386 ✦ Camden, NJ ✦ Designated as a 501(c)(9)

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Overview

What is Subaru Employee Welfare Benefit Trust?

The Subaru Employee Welfare Benefit Trust is a charitable organization based in Camden, New Jersey, with a US address at ONE Subaru Drive, ZIP code 08103. Its primary mission is to provide health and welfare benefits for the employees of Subaru of America and its subsidiaries. With over 1900 participants as of December 31, 2022, the trust ensures the wellbeing of the workforce by offering essential benefits and support.

Is Subaru Employee Welfare Benefit Trust legitimate?

Subaru Employee Welfare Benefit Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Subaru Employee Welfare Benefit 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 Subaru Employee Welfare Benefit Trust?

The Subaru Employee Welfare Benefit Trust is dedicated to ensuring the well-being of employees at Subaru of America and its subsidiaries. Through this trust, eligible employees receive various health and welfare benefits, with a total of 1905 participants as of December 31, 2022. The trust's primary objective is to provide financial assistance for healthcare and other essential services, ensuring employees can focus on their well-being and job performance. By offering comprehensive benefits, the trust fosters a healthy and productive workforce, contributing to the overall success of the organization.

Who is the CEO of Subaru Employee Welfare Benefit Trust?

Kenneth L'Esperance is the Retirement Committee of Subaru Employee Welfare Benefit Trust.

What is the revenue of Subaru Employee Welfare Benefit Trust?

Subaru Employee Welfare Benefit Trust's revenue in 2022 was $33,000,681.

Who are the executives of Subaru Employee Welfare Benefit Trust and what are their salaries?


Here are 2 key members and their salaries:


Subaru Of America Inc (Retirement Committee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Wilmington Trust Xxx-Xx-Xxxx (Trustee)
  • Compensation: $0
  • Related: $34,521
  • Other: $0
Where can I find the form 990 for Subaru Employee Welfare Benefit Trust?

Subaru Employee Welfare Benefit Trust's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Subaru Employee Welfare Benefit Trust

The Subaru Employee Welfare Benefit Trust is a dedicated organization committed to providing health and welfare benefits to the employees of Subaru of America and its subsidiaries. Established to ensure the well-being of its workforce, the Trust serves over 1,900 participants as of December 31, 2022.

In its mission to support the employees of Subaru, the Trust takes on the essential role of managing and dispensing various health and welfare benefits. These benefits are designed to enhance the overall quality of life for the employees and their families, providing them with vital resources and assistance when they need it most. By offering these benefits, the Trust helps to foster a strong and engaged workforce that is better able to focus on their roles within the organization.

The Subaru Employee Welfare Benefit Trust plays a vital role in the lives of its beneficiaries, providing them with access to essential health and welfare programs. In doing so, it demonstrates a deep commitment to the well-being and happiness of the employees, ensuring that they are well-equipped to face the challenges of their personal and professional lives with confidence.

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Impact




October, 2024

The Subaru Employee Welfare Benefit Trust plays a vital role in enhancing the well-being of employees at Subaru of America and its subsidiaries. By providing health and welfare benefits, the trust ensures that 1,905 participants as of December 31, 2022, have access to essential services and support. This initiative not only promotes the physical health of employees but also contributes to their overall job satisfaction and loyalty to the company.

These benefits foster a positive work environment, which can lead to increased productivity and reduced turnover. By investing in the health and welfare of its workforce, the Trust strengthens the bond between Subaru and its employees, creating a culture of mutual benefit that supports both individual and organizational goals. In summary, the Subaru Employee Welfare Benefit Trust significantly impacts the lives of employees, enhancing their quality of life and contributing to the company's overall success.




This information is meant to be a general summary of Subaru Employee Welfare Benefit 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
$33,000,681 (2022)
Expenses
$32,714,257 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $314,744
  • Program Service Revenue: $32,685,937
  • Gross Receipts: $33,000,681

Assets and Liabilities:

  • Total Assets: $58,661,394
  • Total Liabilities: $0
  • Net Assets: $58,661,394

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Programs

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

EMPLOYER CONTRIBUTIONS

Revenue

$24,656,008

EMPLOYEE CONTRIBUTIONS

Revenue

$8,029,929

Organization Details

Founding Year

1981

Principal Officer

Kenneth L'Esperance

Main Address

ONE SUBARU DRIVE, CAMDEN, NJ, 08103

NTEE Category

Code: Y40 - Mutual benefit

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