Overview
What is The Timken Company Voluntary Employees' Beneficiary Association Trust?
The Timken Company Voluntary Employees' Beneficiary Association Trust, often referred to as the VEBA Trust, was established to fund various health and welfare benefits for current and former employees, along with their eligible dependents, of The Timken Company and associated employers. Specifically, these benefits include life, sickness, accident, medical, dental, vision, pharmaceutical, and related coverage. The VEBA Trust is affiliated with the United Steel, Paper and Forestry, Rubber, Manufacturing Energy, Allied Industrial and Service Workers International Union and its constituent local union, No. 1123, which represents a specific bargaining unit. The Trust is involved in providing these benefits to members of this bargaining unit who are eligible to participate in The Timken Company's Welfare Benefit Plan.
Is The Timken Company Voluntary Employees' Beneficiary Association Trust legitimate?
The Timken Company Voluntary Employees' Beneficiary Association Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. The Timken Company 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
For more financial information, click here
What is the mission statement of The Timken Company Voluntary Employees' Beneficiary Association Trust?
The Timken Company Voluntary Employees' Beneficiary Association Trust was established with the primary objective of funding various health and welfare benefits for current and former employees of The Timken Company and related employers. These benefits include life, sick, accident, medical, dental, vision, pharmaceutical, and related benefits. The trust was designed to cater to employees who were or are members of a bargained unit represented by the United Steel, Paper and Forestry, Rubber, Manufacturing Energy, Allied Industrial and Service Workers International Union and its Constituent Local Union No. 1123, and who are eligible to participate in The Timken Company Bargaining Unit Welfare Benefit Plan. Unfortunately, this nonprofit organization is no longer active or in operation.
Who is the CEO of The Timken Company Voluntary Employees' Beneficiary Association Trust?
Thomas L Poe is the Trustee of The Timken Company Voluntary Employees' Beneficiary Association Trust.
What is the revenue of The Timken Company Voluntary Employees' Beneficiary Association Trust?
The Timken Company Voluntary Employees' Beneficiary Association Trust's revenue in 2022 was $287,715.
Who are the executives of The Timken Company Voluntary Employees' Beneficiary Association Trust and what are their salaries?
There 1 volunteer at The Timken Company Voluntary Employees' Beneficiary Association Trust.
There is 1 key member and their salary:
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for The Timken Company Voluntary Employees' Beneficiary Association Trust?
The Timken Company Voluntary Employees' Beneficiary Association Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of The Timken Company Voluntary Employees' Beneficiary Association Trust
The Timken Company Voluntary Employees' Beneficiary Association Trust was established with a singular purpose: to fund various health and welfare benefits for current and former employees, as well as their eligible dependents, of The Timken Company and certain related employers. This nonprofit organization was represented by the United Steel, Paper and Forestry, Rubber, Manufacturing Energy, Allied Industrial and Service Workers International Union and its constituent Local Union No. 1121 (the Union). The benefits provided by the Trust include life, sick, accident, medical, dental, vision, pharmaceutical, and related benefits, all of which fall under the umbrella of health and welfare benefits. The Trust was directly associated with a bargained unit represented by the Union and was eligible to participate in The Timken Company Bargaining Unit Welfare Benefit Plan. Unfortunately, it appears that this nonprofit organization is no longer active or terminated.
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Impact
October, 2024
The Timken Company Voluntary Employees' Beneficiary Association Trust (VEBA Trust) was dedicated to providing essential health and welfare benefits to current and former employees of The Timken Company, as well as their eligible dependents. By primarily funding life, sick, accident, medical, dental, vision, and pharmaceutical benefits, the VEBA Trust played a crucial role in enhancing the overall well-being and security of the workforce, particularly for members represented by the United Steel, Paper and Forestry, Rubber, Manufacturing Energy, Allied Industrial and Service Workers International Union.
This organization helped ensure that employees had access to necessary health benefits, thereby supporting their long-term health and financial stability. While the VEBA Trust is no longer active, its impact on the employees and their families continues to resonate, highlighting the importance of providing comprehensive support systems for workers and their dependents.
This information is meant to be a general summary of The Timken Company 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 2022.
- Program Service Revenue: $287,715
- Gross Receipts: $287,715
Assets and Liabilities:
- Total Assets: $0
- Total Liabilities: $0
- Net Assets: $0
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYEER CONTRIBUTION
Revenue
$287,715
Organization Details
Founding Year
2010
Phone
(234) 262-2455Principal Officer
Thomas L Poe
Main Address
4500 MOUNT PLEASANT ST NW, NORTH CANTON, OH, 44720
NTEE Category
Code: Y43 - Mutual benefit
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