Overview
What is Local 8-86 Merck Employees Veba Trust?
The USW Local 10-00086 Merck Employees VEBA Trust is a nonprofit welfare benefit plan, headquartered in Horsham, Pennsylvania. This organization offers self-funded health and welfare benefits to the employees of Merck, who are members of Local 10-00086. The trust currently caters to approximately 1,774 members and their families, ensuring they have access to essential health and welfare services.
Is Local 8-86 Merck Employees Veba Trust legitimate?
Local 8-86 Merck Employees Veba Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Local 8-86 Merck Employees Veba 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:
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What is the mission statement of Local 8-86 Merck Employees Veba Trust?
The USW Local 10-00086 Merck Employees VEBA Trust serves as a welfare benefit plan, providing self-funded health and welfare benefits to its members. Its primary goal is to support the wellbeing of Local 10-00086 Merck employees and their families. Currently, the trust benefits around 1,774 individuals. The mission of the trust is to ensure that eligible members have access to essential health and welfare resources. By offering self-funded benefits, the trust aims to provide comprehensive coverage tailored to the needs of its members. Overall, the USW Local 10-00086 Merck Employees VEBA Trust focuses on improving the quality of life for its members by addressing their health and welfare needs.
Who is the CEO of Local 8-86 Merck Employees Veba Trust?
Michael Gauger is the Trustee of Local 8-86 Merck Employees Veba Trust.
What is the revenue of Local 8-86 Merck Employees Veba Trust?
Local 8-86 Merck Employees Veba Trust's revenue in 2022 was $46,837,370.
Who are the executives of Local 8-86 Merck Employees Veba Trust and what are their salaries?
Here are 6 key members and their salaries:
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Where can I find the form 990 for Local 8-86 Merck Employees Veba Trust?
Local 8-86 Merck Employees Veba Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Local 8-86 Merck Employees Veba Trust
The USW Local 8-86 Merck Employees VEBA Trust is a self-funded welfare benefit plan that is dedicated to enhancing the health and well-being of its members. This organization caters to the employees of Local 10-00086 Merck, based in Horsham, PA, and currently provides benefits to around 1,774 members and their families.
In simple terms, the USW Local 8-86 Merck Employees VEBA Trust serves as a safety net, ensuring that the workforce under Local 10-00086 Merck in Horsham, PA, has access to essential health and welfare benefits. By being self-funded, this trust allows its members to reap the benefits without relying on external sources or third-party insurers. The trust's mission is to create a supportive environment that prioritizes the well-being of its members, ultimately contributing to their overall quality of life.
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Impact
October, 2024
Local 8-86 Merck Employees VEBA Trust plays a significant role in the well-being of its members by providing self-funded health and welfare benefits to approximately 1,774 local Merck employees and their families in Horsham, PA. This initiative directly enhances the quality of life for members by offering security and access to necessary health services.
The VEBA Trust addresses the healthcare needs of its members, ensuring they have resources and support for medical expenses, thereby alleviating financial burdens associated with healthcare. The focus on mutual benefit fosters a sense of community among members, as they contribute to a collective fund aimed at enhancing their overall welfare. The trust's activities have a lasting impact on employee satisfaction and retention, promoting a stable workforce while ensuring that members have critical health care support when they need it most.
This information is meant to be a general summary of Local 8-86 Merck Employees Veba 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: $2,049,839
- Program Service Revenue: $44,787,531
- Gross Receipts: $63,211,790
Assets and Liabilities:
- Total Assets: $69,303,250
- Total Liabilities: $4,560,675
- Net Assets: $64,742,575
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Employer Contributions
Revenue
$39,220,902
Employee Contributions
Revenue
$5,551,306
COBRA
Revenue
$15,323
Organization Details
Founding Year
1996
Phone
(215) 773-0900Principal Officer
Michael Gauger
Main Address
601 Dresher Rd, Horsham, PA, 190442203
NTEE Category
Code: Y40 - Mutual benefit
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