Overview
What is Amgen Inc Voluntary Employees Beneficiary Association Trust?
Amgen Inc's Voluntary Employees Beneficiary Association Trust is a tax-exempt trust based in Thousand Oaks, California. Established as a Voluntary Employees Beneficiary Association, this nonprofit organization holds assets to ensure the provision of benefits for a Retiree Medical Employee Benefit Plan. The trust's primary mission involves managing resources to meet the needs of retirees, securing their access to essential medical benefits.
What are the reviews and ratings of this charity?
The Amgen Inc Voluntary Employees Beneficiary Association Trust is not currently rated by Charity Navigator. The absence of a rating means the organization has not been evaluated by the standards typically applied by Charity Navigator, which requires a 501(c)(3) IRS registration for nonprofits to be considered. This does not imply any judgment of the organization's operations, positively or negatively.
As it stands, certain methodologies, including Accountability & Finance and Impact & Measurement evaluations, are not applicable to this organization due to its non-501(c)(3) status. Consequently, there is no available data regarding revenue, expenses, or the salaries of key personnel for this trust. The organization's independent status is affirmed, lacking affiliations with any auxiliary bodies.
There are no user reviews from GreatNonprofits to provide additional insights into public perception or feedback on the organization's impact or efficacy. The absence of a Charity Navigator rating and user reviews limits the available information, making it difficult to offer a comprehensive evaluation of the trust's operations or its effects on its intended beneficiaries.
This AI summary has been generated from information found on Charity Navigator.
Is Amgen Inc Voluntary Employees Beneficiary Association Trust legitimate?
Amgen Inc Voluntary Employees Beneficiary Association Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Amgen Inc Voluntary Employees Beneficiary Association 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Amgen Inc Voluntary Employees Beneficiary Association Trust?
This tax-exempt trust, known as Amgen Inc Voluntary Employees Beneficiary Association Trust, is dedicated to holding assets with a specific purpose. Its mission is to ensure the provision of benefits for a retiree medical employee benefit plan. This organization functions as a trust that manages resources to secure advantages for its intended beneficiaries, focusing on the implementation of a retiree medical plan.
What is the revenue of Amgen Inc Voluntary Employees Beneficiary Association Trust?
Amgen Inc Voluntary Employees Beneficiary Association Trust's revenue in 2023 was $19,517,791.
Who are the executives of Amgen Inc Voluntary Employees Beneficiary Association Trust and what are their salaries?
Here are 2 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Amgen Inc Voluntary Employees Beneficiary Association Trust?
Amgen Inc Voluntary Employees Beneficiary Association Trust's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Amgen Inc Voluntary Employees Beneficiary Association Trust
Amgen Inc Voluntary Employees Beneficiary Association Trust is a tax-exempt trust with a mission to hold assets for providing benefits to a retiree medical employee benefit plan. The organization acts as a trustee, managing resources to ensure the continuity and sustainability of medical benefits for its retired employees. Through this trust, Amgen Inc demonstrates its commitment to the wellbeing of its retired workforce, ensuring they have access to essential healthcare services even after their employment tenure. The trust's primary goal is to maintain and grow the assets required to meet the medical needs of its beneficiaries, providing them with peace of mind and financial security. By serving as the steward of these funds, Amgen Inc Voluntary Employees Beneficiary Association Trust plays a pivotal role in safeguarding the long-term health and welfare of its retired employees.
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Impact
October, 2024
Amgen Inc Voluntary Employees Beneficiary Association Trust plays a crucial role in providing financial security for retirees by managing assets specifically earmarked for benefits associated with a retiree medical employee benefit plan. By holding and overseeing these assets, the trust ensures that former employees of Amgen can access essential health-related benefits during their retirement years.
This approach not only supports the well-being of retirees but also fosters a sense of community and mutual support among current and former employees. The existence of such a trust underscores the importance of planning for post-employment health benefits, contributing to a healthier and more secure retirement for those who dedicated their careers to Amgen. Furthermore, the trust's tax-exempt status allows it to operate more efficiently, ultimately enhancing the benefits available to retirees.
This information is meant to be a general summary of Amgen Inc Voluntary Employees Beneficiary Association 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 2023.
- Investment Income: $5,525,953
- Program Service Revenue: $13,493,915
- Gross Receipts: $70,396,056
Assets and Liabilities:
- Total Assets: $164,494,398
- Total Liabilities: $0
- Net Assets: $164,494,398
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PARTICIPANT CONTRIBUTION
Revenue
$11,540,594
EMPLOYER CONTRIBUTION
Revenue
$1,953,321
Organization Details
Founding Year
2009
Principal Officer
Lindsay Meyer
NTEE Category
Code: Y43 - Mutual benefit
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