Employer Contribution Veba Trust Point

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

EIN: 276052364 ✦ Charlotte, NC ✦ Designated as a 501(c)(9)

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Overview

What is Employer Contribution Veba Trust Point?

Employer Contribution Veba Trust Point is a nonprofit entity based in Charlotte, North Carolina, specifically at 8625 Andrew Carnegie Blvd. The organization's primary mission is to offer health benefits and insurance premiums to the former employees of the employer, along with their spouses and dependents. Although the main focus is on health benefits, additional benefits may be provided as outlined in the plan document. The organization's purpose is to improve the well-being and healthcare security of its beneficiaries, providing them with essential health coverage even after they leave their previous employment.


Official website here: www.pointloma.edu

Is Employer Contribution Veba Trust Point legitimate?

Employer Contribution Veba Trust Point is a legitimate nonprofit organization registered as a 501(c)(9) entity. Employer Contribution Veba Trust Point 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.pointloma.edu

What is the mission statement of Employer Contribution Veba Trust Point?

Employer Contribution Veba Trust Point's primary mission is to extend retirement health benefits to the former employees, their spouses, and dependents of the associated employer. While the provision of additional benefits may be outlined in the plan document, the core focus remains on ensuring health benefits and covering insurance premiums for the eligible members. The organization's purpose is to provide a safety net for retired employees, ensuring they maintain access to essential healthcare services during their post-employment phase.


Official website here: www.pointloma.edu

Who is the CEO of Employer Contribution Veba Trust Point?

Samara Timms is the Principal Officer of Employer Contribution Veba Trust Point.


Official website here: www.pointloma.edu

What is the revenue of Employer Contribution Veba Trust Point?

Employer Contribution Veba Trust Point's revenue in 2022 was $171,740.


Official website here: www.pointloma.edu

Who are the executives of Employer Contribution Veba Trust Point and what are their salaries?


There is 1 key member and their salary:


Tiaa Trust Na (Trustee)
  • Compensation: $750
  • Related: $0
  • Other: $0


Official website here: www.pointloma.edu

Where can I find the form 990 for Employer Contribution Veba Trust Point?

Employer Contribution Veba Trust Point's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.pointloma.edu

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

Mission Statement of Employer Contribution Veba Trust Point

Employer Contribution Veba Trust Point, as its name suggests, is an organization dedicated to providing retiree health benefits. Its mission extends beyond just health benefits, as it also offers other benefits, as outlined in the plan document, to the former employees of an employer, their spouses, and dependent family members. The primary objective of this trust is to ensure the well-being of its members by covering their health needs and paying for their insurance premiums. The organization serves as a safety net, providing essential health benefits to individuals who have retired from their previous employment. By offering these benefits, Employer Contribution Veba Trust Point plays a crucial role in supporting the health and financial stability of its members, enhancing their quality of life in their retirement years.

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Impact




October, 2024

Employer Contribution VEBA Trust Point primarily impacts retiree health benefits by providing essential support to former employees, their spouses, and dependents in accessing healthcare services. By ensuring that these individuals receive health benefits and insurance premiums covered as outlined in the plan document, the Trust Point helps to alleviate financial burdens associated with healthcare in retirement. This support promotes health equity and offers peace of mind, allowing retirees to maintain their well-being without the stress of high medical costs. Additionally, other benefits may be offered as detailed in the plan, enhancing the overall support system for retirees. With its operations based in Charlotte, NC, the Trust Point plays a crucial role in safeguarding the health and financial stability of its members, significantly contributing to a more secure retirement for those it serves.




This information is meant to be a general summary of Employer Contribution Veba Trust Point. 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
$171,740 (2022)
Expenses
$79,973 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $59,436
  • Program Service Revenue: $112,304
  • Gross Receipts: $461,906

Assets and Liabilities:

  • Total Assets: $2,051,791
  • Total Liabilities: $0
  • Net Assets: $2,051,791

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Programs

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

Employer Contributions

Revenue

$112,304

Organization Details

Founding Year

2008

Principal Officer

Samara Timms

Main Address

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

NTEE Category

Code: Y40 - Mutual benefit

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