Overview
What is General Hospital Corporation Long-Term Disability Trust?
The General Hospital Corporation Long-Term Disability Trust, located in Somerville, Massachusetts, serves as the master trust responsible for managing the long-term disability plan of Partners Healthcare System, Inc. This nonprofit entity maintains the plan to provide essential disability benefits to its partners.
What are the reviews and ratings of this charity?
The General Hospital Corporation Long-Term Disability Trust is currently not rated by Charity Navigator. This lack of rating is due to the absence of necessary beacon scores, such as Accountability & Finance or Impact & Measurement, which are required for a full evaluation. The absence of a rating does not imply a positive or negative view—it merely reflects that the organization has yet to be evaluated under Charity Navigator's criteria.
As an organization without specific data on total revenue and expenses, it is categorized as a foundation status entity, distinct from 501(c)(3) nonprofits. This distinction means the organization is not reviewed for financial transparency or community impact the way typical 501(c)(3) entities are, which can sometimes limit public insight into its operational efficiencies.
There is no data available regarding the salaries of key persons within the organization. Furthermore, the charitable scope, functions, or influence cannot be comprehensively assessed within Charity Navigator due to its independent status from geographical or national groupings, and the absence of detailed financial information or user reviews.
This AI summary has been generated from information found on Charity Navigator.
Is General Hospital Corporation Long-Term Disability Trust legitimate?
General Hospital Corporation Long-Term Disability Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. General Hospital Corporation Long-Term Disability 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
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What is the mission statement of General Hospital Corporation Long-Term Disability Trust?
The General Hospital Corporation Long-Term Disability Trust serves as the master trust responsible for managing the long-term disability plan under the Partners Healthcare System, Inc. Their primary role is to ensure the plan's maintenance and ongoing operation. This trust is dedicated to providing essential support for individuals within the healthcare system who face long-term disabilities. By managing this plan, they enable eligible members to receive crucial benefits during their recovery periods. The trust's mission focuses on the well-being and financial security of those affected, promoting stability and peace of mind during challenging times.
Who is the CEO of General Hospital Corporation Long-Term Disability Trust?
The Massachusetts General is the Principal Officer of General Hospital Corporation Long-Term Disability Trust.
What is the revenue of General Hospital Corporation Long-Term Disability Trust?
General Hospital Corporation Long-Term Disability Trust's revenue in 2022 was $19,504,001.
Who are the executives of General Hospital Corporation Long-Term Disability Trust and what are their salaries?
There is 1 key member and their salary:
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for General Hospital Corporation Long-Term Disability Trust?
General Hospital Corporation Long-Term Disability Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of General Hospital Corporation Long-Term Disability Trust
The General Hospital Corporation Long-Term Disability Trust, known as the GHC Long-Term Disability Trust, is a master trust that plays a crucial role in maintaining the Partners Healthcare System, Inc. long-term disability plan. In simpler terms, this trust is responsible for ensuring the smooth functioning and upkeep of the long-term disability benefits program offered by Partners Healthcare System, Inc.
The mission of the General Hospital Corporation Long-Term Disability Trust is multifaceted. It primarily involves managing and overseeing the logistics of the long-term disability plan provided by Partners Healthcare System, Inc. By doing so, the trust helps secure the financial and logistical well-being of those individuals within the Partners Healthcare System who may be affected by long-term disabilities. The trust's commitment to maintaining this plan is essential for providing peace of mind and financial stability to employees and healthcare professionals within the system.
Additionally, the General Hospital Corporation Long-Term Disability Trust is responsible for ensuring the stability and continuity of the long-term disability benefits offered by Partners Healthcare System, Inc. This involves managing the trust's assets and finances in a responsible and effective manner, ensuring the plan remains financially sound and able to meet the needs of those who depend on it. The trust acts as a vital safety net for those who face the challenge of long-term disabilities, enabling them to focus on their recovery and well-being rather than worrying about their financial situation.
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Impact
October, 2024
The General Hospital Corporation Long-Term Disability Trust plays a crucial role in managing the long-term disability plan associated with the Mass General Brigham healthcare system. By serving as the master trust, it ensures that resources are appropriately allocated and managed to provide financial support for individuals unable to work due to extended medical conditions. This assistance not only helps beneficiaries maintain their livelihood during challenging times but also contributes to their overall well-being, reducing financial stress and providing security. Through its oversight of the long-term disability plan, the trust supports the healthcare workforce by safeguarding employees' financial futures, which ultimately benefits the entire organization by enhancing retention and morale.
This information is meant to be a general summary of General Hospital Corporation Long-Term Disability 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $190,186
- Program Service Revenue: $19,313,815
- Gross Receipts: $19,504,001
Assets and Liabilities:
- Total Assets: $39,525,406
- Total Liabilities: $1,266,803
- Net Assets: $38,258,603
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PARTICIPANT CONTRIBUTI
Revenue
$16,488,312
EMPLOYER CONTRIBUTIONS
Revenue
$2,825,503
Organization Details
Founding Year
1988
Phone
(857) 282-0747Principal Officer
The Massachusetts General
Main Address
399 REVOLUTION DRIVE 645, SOMERVILLE, MA, 021451446
NTEE Category
Code: Y40 - Mutual benefit
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