Roche Retiree Welfare Benefit Trust

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

EIN: 223078723 ✦ Little falls, NJ ✦ Designated as a 501(c)(9)

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Overview

What is Roche Retiree Welfare Benefit Trust?

The Roche Retiree Welfare Benefit Trust is a nonprofit organization located at 150 Clove Road Suite 8, Little Falls, New Jersey, 07424. Its primary mission is to cover and pay for medical, prescription, and dental benefits for retirees and their spouses. The trust aims to meet the health and welfare needs of its members post-employment. By providing these essential services, the trust ensures retirees can access affordable healthcare and maintain their wellbeing.

What are the reviews and ratings of this charity?

The Roche Retiree Welfare Benefit Trust is not currently rated by Charity Navigator due to its classification status. The lack of a rating does not indicate the organization's quality or efficiency; however, it signifies that it cannot be evaluated under the traditional metrics used for 501(c)(3) charities. Charity Navigator typically requires an accountability and finance beacon or other metrics which are not applicable here.

Since it is not a 501(c)(3) registered entity, the Trust does not have publicly accessible financial data or salary information required for evaluation by Charity Navigator. Such public data would typically be found through a form like the IRS Form 990, which is not filed in this case. This means Charity Navigator cannot apply its accountability and finance methodologies to assess financial transparency or managerial practices.

There are no user reviews available on GreatNonprofits to provide additional insight into the Trust’s operations, effectiveness, or community impact. Consequently, potential donors or stakeholders lack supplementary anecdotal evidence or testimonials that might illustrate the personal experiences or opinions of those directly interacting with the Trust.


This AI summary has been generated from information found on Charity Navigator.

Is Roche Retiree Welfare Benefit Trust legitimate?

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

The Roche Retiree Welfare Benefit Trust is dedicated to providing health and welfare support for retirees and their dependents. The trust's primary objective is to process and pay out claims and expenses related to medical, prescription, and dental benefits for its members and their spouses. By doing so, the Trust aims to ensure that retirees and their dependents can access essential healthcare services, enhancing their overall wellbeing. The Trust's commitment to its members and their families continues beyond their employment with Roche, emphasizing the importance of post-employment healthcare coverage.

Who is the CEO of Roche Retiree Welfare Benefit Trust?

David Mcdede is the Trustee of Roche Retiree Welfare Benefit Trust.

What is the revenue of Roche Retiree Welfare Benefit Trust?

Roche Retiree Welfare Benefit Trust's revenue in 2022 was $71,296,992.

Who are the executives of Roche Retiree Welfare Benefit Trust and what are their salaries?


Here are 2 key members and their salaries:


State Street Bank (Trustee)
  • Compensation: $11,440
  • Related: $0
  • Other: $0
David Mcdede (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Roche Retiree Welfare Benefit Trust?

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

Mission Statement of Roche Retiree Welfare Benefit Trust

The Roche Retiree Welfare Benefit Trust, a dedicated organization, is committed to fulfilling its mission by making payments towards the health and welfare expenses of retirees and their dependents. By providing financial assistance for medical, prescription, and dental benefits, this trust plays a vital role in ensuring the well-being of its members in their post-employment years.

Established with the primary goal of addressing the health and welfare needs of retirees, the Roche Retiree Welfare Benefit Trust works diligently to cover the costs of various claims and expenses related to its members. By assuming financial responsibility for these vital services, the organization brings peace of mind and security to the lives of those who have dedicated their careers to Roche.

In essence, the Roche Retiree Welfare Benefit Trust acts as a safety net, offering essential coverage and support for its members during their retirement years. Through its unwavering commitment to meeting the health and welfare needs of retirees and their dependents, this trust fosters a sense of security, care, and confidence within its community.

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Impact




October, 2024

The Roche Retiree Welfare Benefit Trust significantly impacts the lives of retirees and their dependents by providing essential support for health and welfare expenses. Through the Roche Post Employment Healthcare Plan, it covers various costs associated with medical, prescription, and dental benefits. This financial assistance helps ensure that retirees and their spouses can access necessary healthcare services without undue financial burden, contributing to their overall well-being and peace of mind. By alleviating healthcare expenses, the trust plays a crucial role in enhancing the quality of life for its beneficiaries, fulfilling its mission to support the health needs of retirees in Little Falls, NJ, and beyond.




This information is meant to be a general summary of Roche Retiree 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
$71,296,992 (2022)
Expenses
$54,142,828 (2022)
Efficiency

Other financial information:

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

  • Program Service Revenue: $71,296,992
  • Gross Receipts: $71,296,992

Assets and Liabilities:

  • Total Assets: $304,068,597
  • Total Liabilities: $0
  • Net Assets: $304,068,597

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Programs

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

DEATH BENEFIT

Revenue

$28,034,123

CONTRIBUTION-PART

Revenue

$10,262,869

CONTRIBUTION-COMP

Revenue

$33,000,000

Organization Details

Founding Year

1990

Principal Officer

David Mcdede

Main Address

150 Clove Road Suite 8, Little Falls, NJ, 07424

NTEE Category

Code: Y20 - Mutual benefit

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