Ocu Retirment Health Savings Benefits Veba Tr

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

EIN: 271141647 ✦ Charlotte, NC ✦ Designated as a 501(c)(9)

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Overview

What is Ocu Retirment Health Savings Benefits Veba Tr?

Ocu Retirement Health Savings Benefits Veba Tr, located in Charlotte, North Carolina, is a nonprofit organization dedicated to providing retirement health benefits to an employer's former employees, their spouses, and dependents. While the primary focus is on health benefits, the organization may offer additional benefits as outlined in the plan document. The organization's mission is to ensure the well-being of its members by providing them with necessary healthcare coverage and premiums during their retirement years.


Official website here: www.okcu.edu

Is Ocu Retirment Health Savings Benefits Veba Tr legitimate?

Ocu Retirment Health Savings Benefits Veba Tr is a legitimate nonprofit organization registered as a 501(c)(9) entity. Ocu Retirment Health Savings Benefits Veba Tr 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

For more financial information, click here


Official website here: www.okcu.edu

What is the mission statement of Ocu Retirment Health Savings Benefits Veba Tr?

Ocu Retirement Health Savings Benefits Veba Tr's mission is centered around providing health benefits to the former employees, their spouses, and dependents of the associated employer. Although the plan document may outline additional benefits, the primary focus is on offering retirement health benefits. The organization is responsible for paying health insurance premiums for its members.


Official website here: www.okcu.edu

Who is the CEO of Ocu Retirment Health Savings Benefits Veba Tr?

Donna S Nance is the Principal Officer of Ocu Retirment Health Savings Benefits Veba Tr.


Official website here: www.okcu.edu

What is the revenue of Ocu Retirment Health Savings Benefits Veba Tr?

Ocu Retirment Health Savings Benefits Veba Tr's revenue in 2022 was $30,171.


Official website here: www.okcu.edu

Who are the executives of Ocu Retirment Health Savings Benefits Veba Tr and what are their salaries?


There is 1 key member and their salary:


Tiaa Trust Na (Trustee)
  • Compensation: $1,500
  • Related: $0
  • Other: $0


Official website here: www.okcu.edu

Where can I find the form 990 for Ocu Retirment Health Savings Benefits Veba Tr?

Ocu Retirment Health Savings Benefits Veba Tr's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.okcu.edu

Learn more at the official website: www.okcu.edu

Mission Statement of Ocu Retirment Health Savings Benefits Veba Tr

Ocu Retirement Health Savings Benefits Veba Tr, as its name suggests, is an organization dedicated to providing retirement health benefits. Its primary mission is to extend these benefits to the former employees of the employing company, along with their spouses and dependents. While the organization primarily focuses on health benefits and insurance premiums, it is mentioned that other benefits may be offered, as outlined in the plan document. In essence, Ocu Retirement Health Savings Benefits Veba Tr serves as a safety net for its members, ensuring they maintain a certain level of health coverage post-employment.

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Impact




October, 2024

The Ocu Retirement Health Savings Benefits VEBA Trust plays a critical role in supporting the healthcare needs of former employees and their families. By providing retiree health benefits, this trust helps ensure that employers' former employees, along with their spouses and dependents, have access to necessary medical care and financial assistance for insurance premiums.

This initiative alleviates the financial burden that can come with healthcare expenses in retirement, allowing beneficiaries to maintain a higher quality of life. The VEBA Trust not only provides essential health benefits but may also offer additional services as outlined in the plan document. By addressing the healthcare needs of retirees, the trust fosters a sense of security and well-being for its members, contributing to their overall health outcomes. Its presence in Charlotte, NC, enhances the community's support for retired individuals, reinforcing the importance of accessible healthcare for older populations.

In summary, the Ocu Retirement Health Savings Benefits VEBA Trust significantly impacts the well-being and financial security of retirees by ensuring they have the necessary support for health-related expenses.




This information is meant to be a general summary of Ocu Retirment Health Savings Benefits Veba Tr. 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
$30,171 (2022)
Expenses
$23,091 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $29,881
  • Program Service Revenue: $290
  • Gross Receipts: $68,069

Assets and Liabilities:

  • Total Assets: $565,835
  • Total Liabilities: $0
  • Net Assets: $565,835

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Programs

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

TIAA-CREF Transactions

Revenue

$290

Organization Details

Founding Year

2009

Principal Officer

Donna S Nance

Main Address

8625 ANDREW CARNEGIE BLVD ATTN CORP, CHARLOTTE, NC, 28262

NTEE Category

Code: Y43 - Mutual benefit

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