Komatsu America Corp Retiree Welfare Noncollectively Bargained Trust

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

EIN: 261117499 ✦ Chicago, IL ✦ Designated as a 501(c)(9)

Shop smarter and support your favorite cause at the same time! With the Give Freely browser extension, you'll automatically save money with coupons, and partner stores will donate to your chosen charity - at no extra cost to you. Start giving back with a single click. It's safe, free, and spam-free, guaranteed!

Overview

What is Komatsu America Corp Retiree Welfare Noncollectively Bargained Trust?

Komatsu America Corp Retiree Welfare Noncollectively Bargained Trust is a nonprofit organization, classified under IRC Section 501(C)(9), established to manage funds for providing welfare benefits to its members, being Komatsu America Corp's employees and retirees. This entity solely exists to cover qualifying benefits incurred under certain welfare benefit plans sponsored by Komatsu America Corp. The trust operates in Chicago, Illinois, with the primary mission of supporting its members with necessary welfare benefits.

Is Komatsu America Corp Retiree Welfare Noncollectively Bargained Trust legitimate?

Komatsu America Corp Retiree Welfare Noncollectively Bargained Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Komatsu America Corp Retiree Welfare Noncollectively Bargained 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: $200,763
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of Komatsu America Corp Retiree Welfare Noncollectively Bargained Trust?

The Komatsu America Corp Retiree Welfare Noncollectively Bargained Trust is a voluntary employees' beneficiary association, as per IRC Section 501(C)(9). Its primary mission is to serve as a repository for funds, exclusively intended to cover eligible benefits incurred by Komatsu America Corp's employees and retirees under certain welfare benefit plans. The trust's purpose is to ensure financial support for these benefits, enhancing the well-being of its members during and post-employment.

Who is the CEO of Komatsu America Corp Retiree Welfare Noncollectively Bargained Trust?

Megan Miller is the Corporate Trustee of Komatsu America Corp Retiree Welfare Noncollectively Bargained Trust.

What is the revenue of Komatsu America Corp Retiree Welfare Noncollectively Bargained Trust?

Komatsu America Corp Retiree Welfare Noncollectively Bargained Trust's revenue in 2022 was $2,397,124.

Who are the executives of Komatsu America Corp Retiree Welfare Noncollectively Bargained Trust and what are their salaries?


There is 1 key member and their salary:


Northern Trust (Corporate Trustee)
  • Compensation: $71,438
  • Related: $0
  • Other: $0
Where can I find the form 990 for Komatsu America Corp Retiree Welfare Noncollectively Bargained Trust?

Komatsu America Corp Retiree Welfare Noncollectively Bargained Trust's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Komatsu America Corp Retiree Welfare Noncollectively Bargained Trust

Komatsu America Corp Retiree Welfare Noncollectively Bargained Trust is a voluntary employees' beneficiary association, as classified under IRC Section 501(C)(9). Its primary mission is to serve as a financial entity, exclusively dedicated to holding funds intended to cover qualifying benefits incurred by employees and retirees under certain welfare benefit plans sponsored by Komatsu America Corp. In simpler terms, this trust exists to ensure the financial security of its members by providing them with necessary benefits, as stipulated in specific welfare benefit plans supported by Komatsu America Corp.

Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!

Impact




October, 2024

Komatsu America Corp Retiree Welfare Noncollectively Bargained Trust plays a crucial role in providing welfare benefits to its members. It functions as a voluntary employees' beneficiary association, specifically designed to hold funds dedicated to covering qualifying benefits for employees and retirees under various welfare benefit plans associated with Komatsu America Corp.

By managing these funds, the Trust ensures that members have access to essential benefits, supporting their health and well-being during retirement. This structure enables the organization to address the unique needs of its members, fostering a sense of security and mutual benefit. The Trust’s impact is significant in safeguarding the welfare of Komatsu America Corp's employees and retirees, allowing them to have peace of mind regarding their healthcare and other qualifying benefits.




This information is meant to be a general summary of Komatsu America Corp Retiree Welfare Noncollectively Bargained 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
$2,397,124 (2022)
Expenses
$4,271,364 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $1,051,497
  • Program Service Revenue: $1,345,627
  • Gross Receipts: $11,157,887

Assets and Liabilities:

  • Total Assets: $27,202,456
  • Total Liabilities: $681,233
  • Net Assets: $26,521,223

Want to help this charity, for free? You can click here to learn more about Give Freely

Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

EMPLOYER CONTRIBUTIONS

Revenue

$1,167,215

RETIREE CONTRIBUTIONS

Revenue

$178,412

Organization Details

Founding Year

2007

Principal Officer

Megan Miller

Main Address

8770 W BRYN MAWR AVE SUITE 100, CHICAGO, IL, 60631

NTEE Category

Code: Y20 - Mutual benefit

If you are a representative of Komatsu America Corp Retiree Welfare Noncollectively Bargained Trust and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.