Overview
What is Ocu Health And Welfare Trust?
Ocu Health and Welfare Trust is a nonprofit organization based in Covina, California, with the address 1055 Park View Drive 111. The Trust's primary mission is to offer health and welfare benefits to its members, all of whom have employers contributing to the fund. This charitable entity is dedicated to ensuring that its members receive essential support services. By pooling resources from various employers, the Trust is able to provide enhanced benefits to a broad group of individuals.
What are the reviews and ratings of this charity?
The Ocu Health And Welfare Trust is currently not rated on Charity Navigator. This lack of rating is due to the absence of necessary data and qualifications for evaluation, particularly the requirement for the organization to be a 501(c)(3) IRS registered nonprofit. Consequently, important metrics and criteria such as Accountability & Finance, Impact & Measurement, and others cannot be assessed.
Without a rating, it is not indicative of any positive or negative connotations about the organization itself. It simply means that relevant information has not been provided or the organization doesn’t meet the specific criteria required for such an evaluation. Charity Navigator typically requires data on total revenue, expenses, and salaries of key persons, which is unavailable for Ocu Health And Welfare Trust.
The organization's status as an independent entity implies autonomy in its operations, but comprehensive insights into its governance and effectiveness remain unexplored due to its current foundation status. Without user reviews on GreatNonprofits, a more detailed understanding from a community perspective is also lacking.
This AI summary has been generated from information found on Charity Navigator.
Is Ocu Health And Welfare Trust legitimate?
Ocu Health And Welfare Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Ocu Health And Welfare 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.
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Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Ocu Health And Welfare Trust?
The Ocu Health and Welfare Trust is dedicated to providing health and welfare benefits to its members. This mission is fulfilled when the employers of these members contribute to the fund. Through this contribution, the trust offers essential benefits to enhance the overall well-being of the members. The trust serves as a vital resource, ensuring that the contributing employers' workforce remains healthy and productive. By providing these benefits, the trust plays a significant role in promoting the wellness and overall quality of life for its members.
Who is the CEO of Ocu Health And Welfare Trust?
Rex Mcnamara is the Trustee of Ocu Health And Welfare Trust.
What is the revenue of Ocu Health And Welfare Trust?
Ocu Health And Welfare Trust's revenue in 2022 was $32,420,042.
Who are the executives of Ocu Health And Welfare Trust and what are their salaries?
Here are 6 key members and their salaries:
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Where can I find the form 990 for Ocu Health And Welfare Trust?
Ocu Health And Welfare Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Ocu Health And Welfare Trust
Ocu Health and Welfare Trust is a mission-driven organization dedicated to providing health and welfare benefits to its contributing members. The Trust's primary objective is to ensure the well-being of individuals whose employers contribute to the fund.
In simpler terms, Ocu Health and Welfare Trust acts as a safety net for employees whose employers make contributions to the Trust. The Trust's role is to deliver essential health and welfare benefits to these individuals, enhancing their overall quality of life. The Trust's commitment to its members is unwavering, as it strives to meet their health and welfare needs with the resources provided by its employer contributors.
Ocu Health and Welfare Trust's mission is twofold. Firstly, it aims to safeguard the health of its members, ensuring they have access to essential medical services and coverage. Secondly, the Trust focuses on their welfare, addressing the broader needs of its members beyond just their health. By providing a comprehensive range of benefits, Ocu Health and Welfare Trust empowers its members to maintain their physical and emotional well-being.
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Impact
October, 2024
Ocu Health And Welfare Trust plays a crucial role in improving the health and welfare of its members by providing essential health and welfare benefits funded through contributions from their employers. This initiative not only enhances the overall well-being of individual members but also contributes to a healthier workforce within the community. By ensuring access to necessary health services, the Trust supports members in managing their health, which can lead to improved productivity and reduced absenteeism in the workplace. This focus on mutual benefit results in a stronger, more resilient community in Covina, CA, where both employers and employees can thrive together.
This information is meant to be a general summary of Ocu Health And Welfare 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: $8,966,356
- Program Service Revenue: $23,453,686
- Gross Receipts: $42,874,891
Assets and Liabilities:
- Total Assets: $243,107,541
- Total Liabilities: $1,948,924
- Net Assets: $241,158,617
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONTRIBUTIONS - ACTIVE
Revenue
$15,597,732
CONTRIBUTIONS - RETIREE
Revenue
$6,829,061
CONTRIBUTIONS - TEMP
Revenue
$830,693
STOP LOSS RECOVERIES
Revenue
$193,351
COBRA SUBSIDY
Revenue
$2,849
Organization Details
Founding Year
2008
Phone
(626) 434-2469Principal Officer
Rex Mcnamara
Main Address
1055 PARK VIEW DRIVE 111, COVINA, CA, 91722
NTEE Category
Code: Y44 - Mutual benefit
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