Thermo Fisher Scientific Welfare Benefit Trust

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

EIN: 256412267 ✦ Pittsburgh, PA ✦ Designated as a 501(c)(9)

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Overview

What is Thermo Fisher Scientific Welfare Benefit Trust?

Thermo Fisher Scientific Welfare Benefit Trust is a charitable entity that offers health benefits to retired employees and their dependents. This nonprofit organization, known as the Life Technologies Welfare Benefit Trust, serves as a benefit trust, providing essential medical assistance to its eligible retirees and their family members. The trust's primary mission is to enhance the well-being of retired Life Technologies employees by ensuring they have access to necessary healthcare services.

Is Thermo Fisher Scientific Welfare Benefit Trust legitimate?

Thermo Fisher Scientific Welfare Benefit Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Thermo Fisher Scientific Welfare Benefit 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: $20,798
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of Thermo Fisher Scientific Welfare Benefit Trust?

The Thermo Fisher Scientific Welfare Benefit Trust, referred to as the Life Technologies Welfare Benefit Trust in its context, is established with a mission to provide health benefits to its retirees and their dependents. This mission is carried out as a benefit trust, ensuring the retired individuals and their families have access to necessary health services. The trust serves as a crucial support system, ensuring the retired individuals can maintain their health and well-being post-retirement.

Who is the CEO of Thermo Fisher Scientific Welfare Benefit Trust?

The Bank Of New York Mellon is the Trustee (See Schedule O) of Thermo Fisher Scientific Welfare Benefit Trust.

What is the revenue of Thermo Fisher Scientific Welfare Benefit Trust?

Thermo Fisher Scientific Welfare Benefit Trust's revenue in 2022 was $402,979.

Who are the executives of Thermo Fisher Scientific Welfare Benefit Trust and what are their salaries?


There is 1 key member and their salary:


The Bank Of New York Mellon (Trustee (See Schedule O))
  • Compensation: $20,798
  • Related: $0
  • Other: $0
Where can I find the form 990 for Thermo Fisher Scientific Welfare Benefit Trust?

Thermo Fisher Scientific Welfare Benefit Trust's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Thermo Fisher Scientific Welfare Benefit Trust

Thermo Fisher Scientific Welfare Benefit Trust is dedicated to providing health benefits as a welfare benefit trust for its retirees and their dependents. This nonprofit organization's mission is to ensure the well-being of its retired members and their families by offering them necessary healthcare coverage. The Life Technologies Welfare Benefit Trust, as it is known, serves as a vital support system for its retirees, offering them health benefits that they can rely on during their post-employment years.

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Impact




October, 2024

The Thermo Fisher Scientific Welfare Benefit Trust significantly enhances the quality of life for retirees and their dependents by providing essential health benefits. This trust serves as a financial safety net, ensuring that individuals who have dedicated their careers to the company can access necessary healthcare services during retirement. By alleviating health-related financial burdens, the trust fosters peace of mind for retirees, enabling them to focus on their well-being rather than worrying about medical expenses.

Based in Pittsburgh, PA, the trust plays a critical role in supporting the community by promoting the health and welfare of its members. Its activities are particularly important as they contribute to the overall wellbeing of retirees, encouraging a healthier, more active lifestyle post-employment. The mutual benefit structure of the trust underscores a commitment to ensuring that the interests of both retirees and their dependents are prioritized, reinforcing the value of maintaining long-term relationships with former employees. Overall, the Thermo Fisher Scientific Welfare Benefit Trust has a profound impact on enhancing the lives of retirees, securing their access to vital health benefits, and promoting their dignity and stability in later years.




This information is meant to be a general summary of Thermo Fisher Scientific Welfare Benefit 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
$402,979 (2022)
Expenses
$242,545 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $396,561
  • Gross Receipts: $997,766

Assets and Liabilities:

  • Total Assets: $10,880,605
  • Total Liabilities: $0
  • Net Assets: $10,880,605

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Organization Details

Founding Year

1993

Principal Officer

The Bank Of New York Mellon

Main Address

C/O THE BNYM PO BOX 535007, PITTSBURGH, PA, 152535007

NTEE Category

Code: Y43 - Mutual benefit

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