Overview
What is Tiaa Retirement Healthcare Savings Plan Trust?
The Tiaa Retirement Healthcare Savings Plan Trust is a charitable trust based in New York, NY, with a primary focus on providing medical and hospital cost coverage for former employees of Teachers Insurance and Annuity Association of America (TIAA). This nonprofit organization's mission is to fund essential healthcare expenses for its eligible members. The trust's activities include disbursing medical care benefits to employees and their dependents as outlined in the Voluntary Employees' Beneficiary Association (VEBA) trust.
Is Tiaa Retirement Healthcare Savings Plan Trust legitimate?
Tiaa Retirement Healthcare Savings Plan Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Tiaa Retirement Healthcare Savings Plan 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 Tiaa Retirement Healthcare Savings Plan Trust?
The Tiaa Retirement Healthcare Savings Plan Trust is dedicated to funding medical and hospital expenses for former employees of Teachers Insurance and Annuity Association of America (TIAA). This trust serves as a primary exemption purpose that provides financial assistance for eligible employees and their dependents, covering healthcare costs as outlined in the Voluntary Employees' Beneficiary Association (VEBA) trust.
Who is the CEO of Tiaa Retirement Healthcare Savings Plan Trust?
Robert Weinman is the Principal Officer of Tiaa Retirement Healthcare Savings Plan Trust.
What is the revenue of Tiaa Retirement Healthcare Savings Plan Trust?
Tiaa Retirement Healthcare Savings Plan Trust's revenue in 2022 was $20,334,646.
Who are the executives of Tiaa Retirement Healthcare Savings Plan Trust and what are their salaries?
There is 1 key member and their salary:
- Compensation: $1,500
- Related: $0
- Other: $0
Where can I find the form 990 for Tiaa Retirement Healthcare Savings Plan Trust?
Tiaa Retirement Healthcare Savings Plan Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Tiaa Retirement Healthcare Savings Plan Trust
The Tiaa Retirement Healthcare Savings Plan Trust is a mission-driven organization dedicated to supporting former employees of Teachers Insurance and Annuity Association of America (TIAA) with their medical and hospital expenses. In simpler terms, this trust exists to fund the healthcare needs of eligible retirees from TIAA. By doing so, it ensures that these individuals receive necessary medical care and attention, providing them with peace of mind during their retirement years.
Founded on the primary exemption purpose of funding medical and hospital costs for its beneficiaries, the Tiaa Retirement Healthcare Savings Plan Trust has maintained a steadfast commitment to its cause. This commitment translates into the payment of medical care benefits for eligible employees and their dependents, as outlined in the Voluntary Employees' Beneficiary Association (VEBA) trust. In essence, the trust functions as a safety net, providing financial assistance for healthcare expenses, allowing its members to focus on their well-being rather than worrying about the financial burden of medical care.
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Impact
October, 2024
The TIAA Retirement Healthcare Savings Plan Trust plays a crucial role in securing the financial well-being of former employees of the Teachers Insurance and Annuity Association of America (TIAA) by providing funding for medical and hospital expenses. This trust is dedicated to ensuring that eligible employees and their dependents receive necessary healthcare benefits, alleviating the burden of medical costs during retirement.
By effectively managing funds intended for healthcare, the trust not only offers peace of mind to retirees but also promotes their overall quality of life. Access to medical care benefits through the Voluntary Employees' Beneficiary Association (VEBA) trust ensures that former TIAA employees can maintain their health without financial strain, contributing to their long-term well-being.
Moreover, this approach fosters a sense of security and support within the community of TIAA alumni, reinforcing the organization's commitment to the welfare of its past employees. As healthcare costs continue to rise, the trust’s role becomes increasingly important, creating a significant impact on the financial and physical health of its beneficiaries.
This information is meant to be a general summary of Tiaa Retirement Healthcare Savings Plan 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: $6,865,903
- Program Service Revenue: $13,468,743
- Gross Receipts: $38,849,217
Assets and Liabilities:
- Total Assets: $121,124,702
- Total Liabilities: $0
- Net Assets: $121,124,702
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Employee Contributions
Revenue
$13,417,567
TIAA-CREF Transactions
Revenue
$51,176
Organization Details
Founding Year
2009
Phone
(877) 535-3910Principal Officer
Robert Weinman
Main Address
730 THIRD AVENUE 03/02, NEW YORK, NY, 100173206
NTEE Category
Code: Y43 - Mutual benefit
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