Overview
What is Komatsu America Corp Collectively Bargained Welfare Plan Veba Trust?
Komatsu America Corp Collectively Bargained Welfare Plan Veba Trust is a nonprofit organization, categorized under IRC Section 501(C)(9), that serves as a financial entity for Komatsu America Corp. Its primary purpose is to manage funds to cater to qualifying welfare benefits for the company's employees and retirees, stemming from certain welfare benefit plans. This voluntary employees' beneficiary association is responsible for providing essential welfare benefits to its members, contributing to the wellbeing and security of Komatsu America Corp's workforce.
Is Komatsu America Corp Collectively Bargained Welfare Plan Veba Trust legitimate?
Komatsu America Corp Collectively Bargained Welfare Plan Veba Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Komatsu America Corp Collectively Bargained Welfare Plan 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: $232,557
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Komatsu America Corp Collectively Bargained Welfare Plan Veba Trust?
The Komatsu America Corp Collectively Bargained Welfare Plan Veba Trust serves as a voluntary employees' beneficiary association under IRC Section 501(C)(9). Its primary mission is to hold funds for paying qualifying welfare benefits incurred by employees and retirees under certain welfare benefit plans sponsored by Komatsu America Corp. Essentially, this trust exists to ensure the financial support of various welfare benefits for the employees and retirees associated with Komatsu America Corp. It operates solely for this purpose, providing a safety net for the employees' and retirees' welfare benefits.
Who is the CEO of Komatsu America Corp Collectively Bargained Welfare Plan Veba Trust?
Megan Miller is the Corporate Trustee of Komatsu America Corp Collectively Bargained Welfare Plan Veba Trust.
What is the revenue of Komatsu America Corp Collectively Bargained Welfare Plan Veba Trust?
Komatsu America Corp Collectively Bargained Welfare Plan Veba Trust's revenue in 2022 was $414,289.
Who are the executives of Komatsu America Corp Collectively Bargained Welfare Plan Veba Trust and what are their salaries?
There is 1 key member and their salary:
- Compensation: $97,703
- Related: $0
- Other: $0
Where can I find the form 990 for Komatsu America Corp Collectively Bargained Welfare Plan Veba Trust?
Komatsu America Corp Collectively Bargained Welfare Plan Veba Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Komatsu America Corp Collectively Bargained Welfare Plan Veba Trust
Komatsu America Corp Collectively Bargained Welfare Plan Veba Trust is a voluntary employees' beneficiary association, established under IRC Section 501(C)(9). Its primary mission is to serve as a dedicated entity, solely existing to accumulate funds for the payment of qualifying benefits incurred by employees and retirees under certain welfare benefit plans sponsored by Komatsu America Corp. This association plays a crucial role in providing financial support for the welfare benefits of Komatsu America Corp's employees and retirees, ensuring they have access to necessary benefits when required.
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Impact
October, 2024
Komatsu America Corp Collectively Bargained Welfare Plan VEBA Trust plays a crucial role in ensuring that employees and retirees of Komatsu America Corp receive essential welfare benefits. By operating as a Voluntary Employees' Beneficiary Association (VEBA) under IRC Section 501(c)(9), the Trust is dedicated to holding and managing funds that are specifically earmarked for various qualifying benefits.
This entity is vital for providing workers with financial security and peace of mind, as it helps cover healthcare costs, retirement benefits, and other welfare-related expenses. By pooling resources in this trust, Komatsu America Corp can effectively administer these benefits, which directly contribute to enhancing the quality of life for its employees and retirees. The Trust serves as an essential safety net, reflecting the company's commitment to the well-being of its workforce, thereby fostering a sense of stability and loyalty among its members.
In summary, the impact of the Komatsu America Corp Collectively Bargained Welfare Plan VEBA Trust is significant, offering vital support that empowers employees and retirees, ultimately contributing to a healthier, more motivated workforce.
This information is meant to be a general summary of Komatsu America Corp Collectively Bargained Welfare Plan 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: -$322,304
- Program Service Revenue: $736,593
- Gross Receipts: $35,504,382
Assets and Liabilities:
- Total Assets: $43,435,000
- Total Liabilities: $461,699
- Net Assets: $42,973,301
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTIONS
Revenue
$540,142
RETIREE CONTRIBUTIONS
Revenue
$196,451
Organization Details
Founding Year
2007
Phone
(847) 437-5800Principal Officer
Megan Miller
Main Address
8770 W BRYN MAWR AVE SUITE 100, CHICAGO, IL, 60631
NTEE Category
Code: Y34 - Mutual benefit
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