Overview
What is Lucent Tech Inc Post Retirement Welfare Benefits Trust For Represented Employees?
Lucent Tech Inc Post Retirement Welfare Benefits Trust for Represented Employees is a charitable organization, based in Murray Hill, New Jersey, dedicated to funding post-retirement life insurance benefits and health benefits for eligible retirees of Nokia of America Corporation. The trust's mission is to ensure financial security and well-being for these retirees by providing essential coverage and support. The organization focuses on delivering these benefits to its beneficiaries, contributing significantly to their quality of life after retirement.
Is Lucent Tech Inc Post Retirement Welfare Benefits Trust For Represented Employees legitimate?
Lucent Tech Inc Post Retirement Welfare Benefits Trust For Represented Employees is a legitimate nonprofit organization registered as a 501(c)(9) entity. Lucent Tech Inc Post Retirement Welfare Benefits Trust For Represented Employees 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: $11,500
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Lucent Tech Inc Post Retirement Welfare Benefits Trust For Represented Employees?
The Lucent Tech Inc Post Retirement Welfare Benefits Trust for Represented Employees is dedicated to providing financial support for post-retirement life insurance benefits and health benefits to eligible retirees of Nokia of America Corporation. In simpler terms, the trust ensures the continuation of essential benefits for retirees after their employment with Nokia of America Corporation ends. The primary focus of the trust is to secure the financial wellbeing of retirees by meeting their life insurance and healthcare needs. In doing so, it aims to bring peace of mind and stability to the retirement years of eligible retirees. Additionally, the trust covers expenses related to the payment of these benefits, ensuring consistent and reliable coverage.
Who is the CEO of Lucent Tech Inc Post Retirement Welfare Benefits Trust For Represented Employees?
Bank Of New York Mellon is the Principal Officer of Lucent Tech Inc Post Retirement Welfare Benefits Trust For Represented Employees.
What is the revenue of Lucent Tech Inc Post Retirement Welfare Benefits Trust For Represented Employees?
Lucent Tech Inc Post Retirement Welfare Benefits Trust For Represented Employees's revenue in 2022 was $106,138,902.
Who are the executives of Lucent Tech Inc Post Retirement Welfare Benefits Trust For Represented Employees and what are their salaries?
There is 1 key member and their salary:
- Compensation: $11,500
- Related: $0
- Other: $0
Where can I find the form 990 for Lucent Tech Inc Post Retirement Welfare Benefits Trust For Represented Employees?
Lucent Tech Inc Post Retirement Welfare Benefits Trust For Represented Employees's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Lucent Tech Inc Post Retirement Welfare Benefits Trust For Represented Employees
Lucent Tech Inc's Post Retirement Welfare Benefits Trust for Represented Employees is a charitable organization dedicated to providing financial assistance for post-retirement life insurance benefits and health benefits to eligible retirees of Nokia of America Corporation. This trust plays a crucial role in ensuring the well-being and security of retirees by funding these essential benefits.
In more detail, the Lucent Tech Inc Post Retirement Welfare Benefits Trust for Represented Employees is a philanthropic entity committed to sponsoring the payment of post-retirement life insurance benefits and health benefits to qualifying retirees from Nokia of America Corporation. By providing these benefits, the Trust helps secure peace of mind and financial stability for retirees, ensuring they can focus on their golden years without the burden of worrying about their insurance coverage or healthcare expenses.
Furthermore, the Trust's mission is to alleviate the financial burden on retirees by assuming the responsibility for funding these essential benefits. Its primary objective is to safeguard the financial future of retirees, enabling them to live a comfortable and secure retirement. By providing these benefits, the Trust demonstrates its commitment to the well-being of Nokia of America Corporation's retired workforce.
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Impact
October, 2024
Lucent Tech Inc Post Retirement Welfare Benefits Trust For Represented Employees plays a crucial role in ensuring the financial security of retirees from Nokia of America Corporation. By providing funding for post-retirement life insurance and health benefits, this trust helps eligible retirees maintain a higher quality of life during their retirement years.
The initiative addresses the essential needs of retirees, alleviating concerns over medical expenses and other post-retirement costs. This support fosters a sense of well-being and stability among former employees, allowing them to enjoy their retirement with peace of mind. Overall, the trust significantly contributes to the mutual benefit of retirees, reinforcing their connection to the company and its legacy.
This information is meant to be a general summary of Lucent Tech Inc Post Retirement Welfare Benefits Trust For Represented Employees. 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: -$622,441
- Program Service Revenue: $106,706,425
- Gross Receipts: $135,653,785
Assets and Liabilities:
- Total Assets: $205,451,944
- Total Liabilities: $98,879
- Net Assets: $205,353,065
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RETIREE CONTRIBUTIONS
Revenue
$56,706,425
SPONSOR CONTRIBUTIONS
Revenue
$50,000,000
Organization Details
Founding Year
2002
Phone
(908) 723-9869Principal Officer
Bank Of New York Mellon
Main Address
CO KAREN ALEXANDER 600 MOUNTAIN AV, MURRAY HILL, NJ, 07974
NTEE Category
Code: Y40 - Mutual benefit
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