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 not tax deductible.
Here 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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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.
Impact
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.
Thursday, August 15, 2024
Local 8-86 Merck Employees Veba Trust's impact is significant in providing self-funded health and welfare benefits to approximately 1,774 members and their families who are part of Local 10-00086 Merck employees in Horsham, PA. This welfare benefit plan plays a crucial role in ensuring the well-being and security of its members by offering essential services and support. By focusing on mutual benefit, the trust actively contributes to the overall quality of life and health of its members, thereby making a positive impact on the community.
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.
- Assets and Liabilities:
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) 773-0900
Principal Officer
Michael Gauger
Main Address
601 Dresher Rd, Horsham, PA, 190442203
NTEE Category
Code: Y40 - Mutual benefit
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