Granite Construction Incorporated Employee Benefit Trust C/O Coamerica Bank Tte

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

EIN: 274368826 ✦ Dallas, TX ✦ Designated as a 501(c)(9)

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Overview

What is Granite Construction Incorporated Employee Benefit Trust C/O Coamerica Bank Tte?

Granite Construction Incorporated Employee Benefit Trust C/O Coamerica Bank Tte is a voluntary employees' beneficiary trust, headquartered in Dallas, Texas. This trust serves as a platform to provide health and welfare benefits to current and eligible former employees of Granite Construction, as well as their dependents. With a mission to support the well-being of its workforce, the trust operates with approximately 350 employees. The trust offers a range of benefits, ensuring that eligible individuals have access to essential healthcare services.

Is Granite Construction Incorporated Employee Benefit Trust C/O Coamerica Bank Tte legitimate?

Granite Construction Incorporated Employee Benefit Trust C/O Coamerica Bank Tte is a legitimate nonprofit organization registered as a 501(c)(9) entity. Granite Construction Incorporated Employee Benefit Trust C/O Coamerica Bank Tte 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 Granite Construction Incorporated Employee Benefit Trust C/O Coamerica Bank Tte?

The Granite Construction Incorporated Employee Benefit Trust, managed by Coamerica Bank Tte, serves as a voluntary trust that provides health and welfare benefits to eligible current and former employees of Granite Construction, as well as their dependents. Its mission is to ensure the payment of such benefits, thereby supporting the well-being of its beneficiaries. The trust aims to provide a safety net for its members during times of health-related challenges or financial hardships. By offering these benefits, the trust helps to enhance the quality of life for its beneficiaries, providing them with peace of mind and security.

Who is the CEO of Granite Construction Incorporated Employee Benefit Trust C/O Coamerica Bank Tte?

Sherrita Wade - Comerica Bank is the Vp & Trust Officer of Granite Construction Incorporated Employee Benefit Trust C/O Coamerica Bank Tte.

What is the revenue of Granite Construction Incorporated Employee Benefit Trust C/O Coamerica Bank Tte?

Granite Construction Incorporated Employee Benefit Trust C/O Coamerica Bank Tte's revenue in 2022 was $6,188,789.

Who are the executives of Granite Construction Incorporated Employee Benefit Trust C/O Coamerica Bank Tte and what are their salaries?

There are 350 employees at Granite Construction Incorporated Employee Benefit Trust C/O Coamerica Bank Tte.


There is 1 key member and their salary:


Comerica Bank (Vp & Trust Officer)
  • Compensation: $3,000
  • Related: $0
  • Other: $0
Where can I find the form 990 for Granite Construction Incorporated Employee Benefit Trust C/O Coamerica Bank Tte?

Granite Construction Incorporated Employee Benefit Trust C/O Coamerica Bank Tte's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Granite Construction Incorporated Employee Benefit Trust C/O Coamerica Bank Tte

The Granite Construction Incorporated Employee Benefit Trust C/O Coamerica Bank Tte is a voluntary employees' beneficiary trust that plays a significant role in providing health and welfare benefits to current and eligible former employees of Granite Construction, as well as their dependents. This trust's mission is to ensure the payment of these essential benefits, thereby offering support and assistance to the employees and their families during various stages of their lives. By providing health and welfare benefits, the Granite Construction Incorporated Employee Benefit Trust C/O Coamerica Bank Tte contributes to the overall well-being and stability of its beneficiaries, enabling them to maintain their physical and emotional health. In essence, the trust serves as a safety net for the employees and their families, offering them peace of mind and confidence during challenging times.

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Impact




October, 2024

Granite Construction Incorporated Employee Benefit Trust C/O Coamerica Bank Tte plays a vital role in enhancing the well-being of current and eligible former Granite Construction employees and their dependents. By providing health and welfare benefits, this trust ensures that individuals have access to necessary healthcare services, financial security in times of need, and support throughout their employment and retirement.

The trust acts as a safety net, allowing employees to manage their health risks without bearing the full financial burden on their own. This not only promotes a healthier workforce but also contributes to employee satisfaction and retention, as individuals feel valued and supported by their employer even after leaving the company. Overall, the trust is instrumental in fostering a sense of community and mutual benefit among Granite Construction employees and their families.




This information is meant to be a general summary of Granite Construction Incorporated Employee Benefit Trust C/O Coamerica Bank Tte. 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
$6,188,789 (2022)
Expenses
$7,061,256 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $40,699
  • Program Service Revenue: $6,148,090
  • Gross Receipts: $6,188,789

Assets and Liabilities:

  • Total Assets: $2,377,130
  • Total Liabilities: $7,527
  • Net Assets: $2,369,603

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Programs

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

CONTRIBUTIONS

Revenue

$6,148,090

Organization Details

Founding Year

2010

Principal Officer

Sherrita Wade - Comerica Bank

Main Address

8850 BOEDEKER 5th Floor, DALLAS, TX, 75225

NTEE Category

Code: Y43 - Mutual benefit

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