Overview
What is Computer Aid Inc Veba Trust?
Computer Aid Inc Veba Trust is a charitable entity based in Allentown, Pennsylvania, specifically at 1390 Ridgeview Drive. Its primary mission is to fund the Computer Aid, Inc. Medical Benefit Plan, which offers comprehensive health coverage, including medical and prescription drug benefits, to the organization's full-time employees and their dependents, once they have served for 30 days. As of December 31, 2022, this plan had 1,138 participants. In essence, the trust serves to enhance the wellbeing of Computer Aid, Inc.'s workforce by providing essential medical benefits.
Is Computer Aid Inc Veba Trust legitimate?
Computer Aid Inc Veba Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Computer Aid Inc 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:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Computer Aid Inc Veba Trust?
The Computer Aid Inc Veba Trust is dedicated to providing medical benefits to the employees of Computer Aid, Inc. Specifically, the trust funds the Computer Aid, Inc. Medical Benefit Plan, which offers health benefits, including medical and prescription drug coverage, to permanent full-time employees and their dependents following 30 days of active service. As of December 31, 2022, there were 1,138 participants enrolled in this plan. In essence, the trust plays a crucial role in ensuring the wellbeing of Computer Aid, Inc.'s workforce by providing essential healthcare benefits.
Who is the CEO of Computer Aid Inc Veba Trust?
Thomas A Salvaggio is the Trustee of Computer Aid Inc Veba Trust.
What is the revenue of Computer Aid Inc Veba Trust?
Computer Aid Inc Veba Trust's revenue in 2022 was $10,257,103.
Who are the executives of Computer Aid Inc Veba Trust and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $4,439,965
- Other: $25,126
- Compensation: $0
- Related: $254,412
- Other: $7,852
- Compensation: $0
- Related: $307,491
- Other: $20,415
Where can I find the form 990 for Computer Aid Inc Veba Trust?
Computer Aid Inc Veba Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Computer Aid Inc Veba Trust
Computer Aid Inc Veba Trust, as outlined, is a mission-driven entity dedicated to providing medical benefits to the employees of Computer Aid, Inc. The trust serves as the financial backbone for the Computer Aid, Inc. Medical Benefit Plan, offering comprehensive coverage for permanent full-time employees and their dependents. After completing a minimum of 30 days of active service, individuals can avail of the plan's health benefits, including medical care and prescription drugs. As of December 31, 2022, the trust boasted 1,138 participants who were benefiting from these services. Essentially, the Computer Aid Inc Veba Trust plays a crucial role in safeguarding the health and well-being of its employees, ensuring they can maintain their overall wellness while working for Computer Aid, Inc.
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Impact
October, 2024
Computer Aid Inc Veba Trust significantly impacts the financial and physical well-being of employees at Computer Aid, Inc. by offering essential medical benefits. The Trust funds the Medical Benefit Plan, which encompasses a comprehensive range of health services, including medical care and prescription drugs. This program ensures that permanent full-time employees and their dependents have access to healthcare after just 30 days of active service, promoting a healthier workforce and providing peace of mind regarding health-related costs. As of December 31, 2022, the Trust supported 1,138 participants, highlighting its broad reach and the importance of its role in enhancing employee satisfaction and retention. By prioritizing the health of employees, the Trust contributes to a more motivated and productive work environment, ultimately benefiting the organization as a whole.
This information is meant to be a general summary of Computer Aid Inc 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: $4,503
- Program Service Revenue: $10,252,600
- Gross Receipts: $10,257,103
Assets and Liabilities:
- Total Assets: $2,339,538
- Total Liabilities: $45,467
- Net Assets: $2,294,071
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Employer Contributions
Revenue
$6,800,857
Employee Contributions
Revenue
$3,327,872
COBRA Contributions
Revenue
$123,871
Organization Details
Founding Year
1990
Phone
(610) 530-5000Principal Officer
Thomas A Salvaggio
Main Address
1390 Ridgeview Drive, Allentown, PA, 18104
NTEE Category
Code: Y40 - Mutual benefit
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