Memorial Health Foundation Inc Retirement Employee Medical Trust

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

EIN: 223178785 ✦ Morristown, NJ ✦ Designated as a 501(c)(9)

Shop smarter and support your favorite cause at the same time! With the Give Freely browser extension, you'll automatically save money with coupons, and partner stores will donate to your chosen charity - at no extra cost to you. Start giving back with a single click. It's safe, free, and spam-free, guaranteed!

Overview

What is Memorial Health Foundation Inc Retirement Employee Medical Trust?

Memorial Health Foundation Inc Retirement Employee Medical Trust is a nonprofit organization located in Morristown, New Jersey, with an address at 100 Madison Avenue Dept 920. Their primary mission is to offer a non-contributory defined health and welfare plan for eligible employees and retirees. This plan aims to provide essential healthcare services to its participants, ensuring their well-being and medical coverage. The trust serves as a vital support system for its members, contributing to their overall health and welfare.

Is Memorial Health Foundation Inc Retirement Employee Medical Trust legitimate?

Memorial Health Foundation Inc Retirement Employee Medical Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Memorial Health Foundation Inc Retirement Employee Medical 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 Memorial Health Foundation Inc Retirement Employee Medical Trust?

The Memorial Health Foundation Inc Retirement Employee Medical Trust is dedicated to offering a non-contributory defined health and welfare plan. This mission aims to cater to eligible participants and retirees, ensuring they have access to appropriate health benefits. The trust's primary goal is to provide a comprehensive medical plan without requiring contributions from the beneficiaries.

Who is the CEO of Memorial Health Foundation Inc Retirement Employee Medical Trust?

Michael Walter is the Trustee of Memorial Health Foundation Inc Retirement Employee Medical Trust.

What is the revenue of Memorial Health Foundation Inc Retirement Employee Medical Trust?

Memorial Health Foundation Inc Retirement Employee Medical Trust's revenue in 2022 was $6,933,899.

Who are the executives of Memorial Health Foundation Inc Retirement Employee Medical Trust and what are their salaries?


Here are 5 key members and their salaries:


Laura Ann Kelly (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brian Gragnolati (Trustee)
  • Compensation: $0
  • Related: $5,942,931
  • Other: $1,085,393
Michael Walter (Trustee)
  • Compensation: $0
  • Related: $255,292
  • Other: $37,186
Robert E Mccracken (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kevin Lenahan (Evp-Chief Business & Strategy Officer)
  • Compensation: $0
  • Related: $4,617,182
  • Other: $1,431,850
Where can I find the form 990 for Memorial Health Foundation Inc Retirement Employee Medical Trust?

Memorial Health Foundation Inc Retirement Employee Medical Trust's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Memorial Health Foundation Inc Retirement Employee Medical Trust

Memorial Health Foundation Inc Retirement Employee Medical Trust is committed to providing a non-contributory defined health and welfare plan for eligible participants and retirees. This mission is aimed at ensuring the well-being of its beneficiaries by offering comprehensive medical benefits. The trust's objective is to safeguard the health needs of its eligible participants, including retirees, by providing a structured and non-financially burdensome healthcare plan. The plan is designed to offer essential healthcare services, thereby promoting the overall wellness of its beneficiaries.

Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!

Impact




October, 2024

Memorial Health Foundation Inc Retirement Employee Medical Trust offers significant support to eligible participants and retirees through its non-contributory defined benefit health and welfare plan. By providing a secure and reliable source of health and welfare benefits, it helps to enhance the quality of life for retirees and their families. This plan alleviates the financial burdens associated with medical expenses, thereby promoting overall well-being.

The Trust's mission focuses on ensuring that all eligible employees can access necessary healthcare services without the strain of contributions or premiums, making it inclusive for those who may otherwise struggle with such costs. By granting peace of mind regarding health coverage, it fosters a sense of community and loyalty among its members, encouraging both long-term employment and retention.

In essence, the Memorial Health Foundation Inc Retirement Employee Medical Trust plays a critical role in safeguarding the health interests of its participants, thereby contributing positively to the broader community by promoting health equity and financial security for those who have dedicated their careers to the foundation's mission.




This information is meant to be a general summary of Memorial Health Foundation Inc Retirement Employee Medical 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
$6,933,899 (2022)
Expenses
$6,753,692 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $6,247,782
  • Program Service Revenue: $686,117
  • Gross Receipts: $21,037,740

Assets and Liabilities:

  • Total Assets: $78,565,964
  • Total Liabilities: $6,574,377
  • Net Assets: $71,991,587

Want to help this charity, for free? You can click here to learn more about Give Freely

Programs

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

PARTICIPANT CO-PAY

Revenue

$686,117

Organization Details

Founding Year

1995

Principal Officer

Michael Walter

Main Address

100 Madison Avenue Dept 920, Morristown, NJ, 07962

NTEE Category

Code: Y40 - Mutual benefit

If you are a representative of Memorial Health Foundation Inc Retirement Employee Medical Trust and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.