Kraft Heinz Company Retiree Health & Welfare Benefits Trust Iii

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

EIN: 276820275 ✦ Chicago, IL ✦ Designated as a 501(c)(9)

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Overview

What is Kraft Heinz Company Retiree Health & Welfare Benefits Trust Iii?

Kraft Heinz Company Retiree Health & Welfare Benefits Trust III is a charitable entity established with the primary objective of providing retirement benefits to eligible individuals under the Kraft Heinz Company Retiree Health and Welfare Benefits Plan. The trust, situated in Chicago, Illinois, is dedicated to offering retiring employees medical and life insurance coverage, as outlined in the Kraft Heinz Company's Retiree Health and Welfare Benefits Plan. This trust serves as a financial vehicle to ensure retirees' continued well-being, supporting them during their post-employment phase.

Is Kraft Heinz Company Retiree Health & Welfare Benefits Trust Iii legitimate?

Kraft Heinz Company Retiree Health & Welfare Benefits Trust Iii is a legitimate nonprofit organization registered as a 501(c)(9) entity. Kraft Heinz Company Retiree Health & Welfare Benefits Trust Iii 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: $32,133
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of Kraft Heinz Company Retiree Health & Welfare Benefits Trust Iii?

The Kraft Heinz Company Retiree Health & Welfare Benefits Trust III has a primary objective to provide retiree medical and life insurance coverage, as outlined in the Kraft Heinz Company Retiree Health and Welfare Benefits Plan. This trust serves to fund these benefits, ensuring that eligible retirees receive the necessary coverage. The purpose of this trust is to uphold the retirement benefits as outlined in the Kraft Heinz Company's Retiree Health and Welfare Benefits Plan. In essence, the mission of Kraft Heinz Company Retiree Health & Welfare Benefits Trust III is to support the health and well-being of retired employees by providing crucial medical and life insurance coverage, as promised by the company's retirement plan.

Who is the CEO of Kraft Heinz Company Retiree Health & Welfare Benefits Trust Iii?

Shirley Weinstein is the Trustee of Kraft Heinz Company Retiree Health & Welfare Benefits Trust Iii.

What is the revenue of Kraft Heinz Company Retiree Health & Welfare Benefits Trust Iii?

Kraft Heinz Company Retiree Health & Welfare Benefits Trust Iii's revenue in 2022 was $3,981,195.

Who are the executives of Kraft Heinz Company Retiree Health & Welfare Benefits Trust Iii and what are their salaries?


Here are 2 key members and their salaries:


Employee Benefits Admin Board (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
The Northern Trust Company (Trustee)
  • Compensation: $32,133
  • Related: $0
  • Other: $0
Where can I find the form 990 for Kraft Heinz Company Retiree Health & Welfare Benefits Trust Iii?

Kraft Heinz Company Retiree Health & Welfare Benefits Trust Iii's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Kraft Heinz Company Retiree Health & Welfare Benefits Trust Iii

Kraft Heinz Company Retiree Health & Welfare Benefits Trust III is established with the primary objective of providing retiree medical and life insurance coverage. This mission is in line with the Kraft Heinz Company Retiree Health and Welfare Benefits Plan, which is funded through this trust. The purpose of the trust is to ensure the continuity of healthcare and insurance benefits for the company's retired employees. The trust works towards fulfilling the medical and insurance needs of retired individuals as outlined in the Kraft Heinz Company Retiree Health and Welfare Benefits Plan.

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Impact




October, 2024

Kraft Heinz Company Retiree Health & Welfare Benefits Trust III plays a crucial role in supporting the well-being of retirees by providing essential health and welfare benefits. The trust is specifically designed to ensure that retirees receive medical and life insurance coverage, as outlined in the Kraft Heinz Company Retiree Health and Welfare Benefits Plan.

Located in Chicago, Illinois, this trust serves as a financial vehicle that funds these critical benefits, thereby helping retirees maintain their health and financial security in their post-employment years. By facilitating access to necessary healthcare services and life insurance, the trust contributes significantly to the quality of life for former employees of Kraft Heinz, addressing vital needs that directly impact their overall wellness and peace of mind.

The trust's mission encapsulates the commitment to mutual benefit, reflecting a broader responsibility to honor the contributions of retirees while providing them with the support necessary to navigate their later years. The impact extends beyond individual retirees, fostering a sense of community and stability among those who have dedicated their careers to the company.




This information is meant to be a general summary of Kraft Heinz Company Retiree Health & Welfare Benefits Trust Iii. 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
$3,981,195 (2022)
Expenses
$81,733,792 (2022)
Efficiency

Other financial information:

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

  • Investment Income: -$9,630,108
  • Program Service Revenue: $13,490,168
  • Gross Receipts: $469,397,631

Assets and Liabilities:

  • Total Assets: $887,938,749
  • Total Liabilities: $0
  • Net Assets: $887,938,749

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Programs

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

EMPLOYEE CONTRIBUTION

Revenue

$11,924,046

COMPANY CONTRIBUTION

Revenue

$1,566,122

Organization Details

Founding Year

2011

Principal Officer

Shirley Weinstein

Main Address

200 E RANDOLPH ST STE 7500, CHICAGO, IL, 60601

NTEE Category

Code: Y43 - Mutual benefit

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