Overview
What is Northwest Airlines Section 1114 Veba Trust?
Northwest Airlines Section 1114 Veba Trust is a nonprofit entity based in Pueblo, Colorado. Its primary mission is to provide financial assistance to retired Northwest Airlines employees and their eligible dependents, covering premiums for qualified healthcare coverage. This trust was established to cater to this specific need, ensuring retired employees continue to have access to necessary medical benefits. The trust's location is at 200 W B Street Suite 234, Pueblo, CO 81003.
Is Northwest Airlines Section 1114 Veba Trust legitimate?
Northwest Airlines Section 1114 Veba Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Northwest Airlines Section 1114 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: $12,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Northwest Airlines Section 1114 Veba Trust?
The Northwest Airlines Section 1114 Veba Trust was established with the mission to provide premium subsidy benefits for retired employees and their eligible dependents. This is achieved by offering financial assistance towards qualified healthcare coverage. The plan's objective is to support these individuals in maintaining their health and well-being post-retirement. The trust aims to alleviate the financial burden associated with healthcare expenses, thereby ensuring that retired employees and their dependents continue to have access to essential healthcare services.
Who is the CEO of Northwest Airlines Section 1114 Veba Trust?
Marvin Sandrin is the Chairman of Northwest Airlines Section 1114 Veba Trust.
What is the revenue of Northwest Airlines Section 1114 Veba Trust?
Northwest Airlines Section 1114 Veba Trust's revenue in 2022 was $465,152.
Who are the executives of Northwest Airlines Section 1114 Veba Trust and what are their salaries?
Here are 6 key members and their salaries:
- Compensation: $6,000
- Related: $0
- Other: $0
- Compensation: $1,200
- Related: $0
- Other: $0
- Compensation: $1,200
- Related: $0
- Other: $0
- Compensation: $1,200
- Related: $0
- Other: $0
- Compensation: $1,200
- Related: $0
- Other: $0
- Compensation: $1,200
- Related: $0
- Other: $0
Where can I find the form 990 for Northwest Airlines Section 1114 Veba Trust?
Northwest Airlines Section 1114 Veba Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Northwest Airlines Section 1114 Veba Trust
Northwest Airlines Section 1114 Veba Trust, a notable entity, was established with a mission to provide premium subsidy benefits to its retired employees and their eligible dependents. This mission is carried out by offering subsidies to cover the premiums of qualified health care coverage for these individuals. The trust aims to alleviate some of the financial burden associated with healthcare costs during retirement, ensuring that retired employees and their dependents can maintain access to essential medical services.
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Impact
October, 2024
The Northwest Airlines Section 1114 VEBA Trust plays a crucial role in supporting retired employees and their eligible dependents by providing premium subsidy benefits for qualified health care coverage. This initiative significantly alleviates the financial burden associated with health care costs, ensuring that retirees can maintain access to essential medical services after leaving the workforce. By subsidizing health care premiums, the Trust fosters a sense of security and stability among retirees, enabling them to focus on their well-being without the constant worry of escalating health expenses. The Trust, based in Pueblo, Colorado, is instrumental in enhancing the overall quality of life for its beneficiaries, reflecting a commitment to mutual benefit and long-term support for those who dedicated their careers to the airline industry.
This information is meant to be a general summary of Northwest Airlines Section 1114 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: $465,152
- Gross Receipts: $3,479,497
Assets and Liabilities:
- Total Assets: $14,295,959
- Total Liabilities: $29,398
- Net Assets: $14,266,561
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Organization Details
Founding Year
2007
Phone
(719) 744-0043Principal Officer
Marvin Sandrin
Main Address
200 W B STREET Suite 234, PUEBLO, CO, 81003
NTEE Category
Code: Y259 - Mutual benefit
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