Overview
What is Related Partners Inc Salary Reduction Welfare Benefit Trust?
Related Partners Inc Salary Reduction Welfare Benefit Trust is a nonprofit organization, based in New York City, specifically at 60 Columbus Circle, NY. Its primary role is to serve as a funding vehicle for the welfare benefits of Related Partners Inc. employees and their eligible dependents. These benefits include medical, dental, vision, long-term disability, and cafeteria plan benefits, as part of the Related Partners, Inc. Group Benefit, Medical Reimbursement, and Dependent Care Assistance Plans. The organization dedicates all its time to these activities, ensuring compliance with Section 501(C)(9) of the Internal Revenue Code and the regulations thereunder. In simpler terms, Related Partners Inc Salary Reduction Welfare Benefit Trust is an entity established to offer welfare benefits to the employees and their dependents of Related Partners Inc. and its participating affiliates.
Is Related Partners Inc Salary Reduction Welfare Benefit Trust legitimate?
Related Partners Inc Salary Reduction Welfare Benefit Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Related Partners Inc Salary Reduction Welfare Benefit 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 Related Partners Inc Salary Reduction Welfare Benefit Trust?
The Related Partners Inc Salary Reduction Welfare Benefit Trust is committed to providing welfare benefits for eligible employees of the corporation, participating affiliates, and their dependents, as outlined in their plans. The organization serves as a funding vehicle for the Related Partners Inc group benefit, medical reimbursement, and dependent care assistance plans. These plans offer various benefits, including medical, dental, vision, long-term disability, and cafeteria plan benefits to eligible employees of the plan sponsor. The Trust dedicates its entire time to these activities, ensuring that the benefits provided comply with the regulations under Section 501(c)(9) of the Internal Revenue Code.
Who is the CEO of Related Partners Inc Salary Reduction Welfare Benefit Trust?
David Distaso is the Chief Financial Officer of Related Partners Inc Salary Reduction Welfare Benefit Trust.
What is the revenue of Related Partners Inc Salary Reduction Welfare Benefit Trust?
Related Partners Inc Salary Reduction Welfare Benefit Trust's revenue in 2020 was $1,323,101.
Who are the executives of Related Partners Inc Salary Reduction Welfare Benefit Trust and what are their salaries?
There 3 volunteers at Related Partners Inc Salary Reduction Welfare Benefit Trust.
Here are 3 key members and their salaries:
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- Related: $0
- Other: $0
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- Other: $0
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- Related: $0
- Other: $0
Where can I find the form 990 for Related Partners Inc Salary Reduction Welfare Benefit Trust?
Related Partners Inc Salary Reduction Welfare Benefit Trust's most recent form 990 was submitted in 2020 and can be accessed here.
Mission Statement of Related Partners Inc Salary Reduction Welfare Benefit Trust
Related Partners Inc Salary Reduction Welfare Benefit Trust is dedicated to providing welfare benefits for the employees of the corporation, participating affiliates, and their eligible dependents covered by the plan. The organization serves as a funding vehicle for the Related Partners, Inc. group benefit, medical reimbursement, and dependent care assistance plans, collectively referred to as the "Plans." These Plans offer a range of employee welfare benefits, including medical, dental, vision, long-term disability, and cafeteria plan benefits, to eligible employees of the plan sponsor. The organization ensures that the benefits it provides comply with the regulations under Section 501(c)(9) of the Internal Revenue Code. The organization's activities are entirely focused on providing these welfare benefits, ensuring that the employees and their dependents have access to essential healthcare and financial assistance.
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Impact
October, 2024
Related Partners Inc Salary Reduction Welfare Benefit Trust plays a crucial role in providing essential welfare benefits to employees and their eligible dependents. By establishing a funding vehicle for various employee benefit plans, it ensures that eligible employees have access to vital services such as medical, dental, vision, long-term disability, and cafeteria plan benefits.
This trust directly impacts the well-being of employees by offering a structured way to receive medical reimbursement and dependent care assistance, enhancing their overall quality of life. By aligning with regulatory requirements under Section 501(c)(9) of the Internal Revenue Code, the trust not only supports the financial security of employees but also fosters a workplace environment that prioritizes health and welfare.
As a result, Related Partners Inc Salary Reduction Welfare Benefit Trust contributes significantly to employee satisfaction and retention, helping to create a motivated workforce that can focus on their roles with the assurance of comprehensive healthcare support. This commitment to employee welfare ultimately benefits the organization as a whole, strengthening its operational stability and fostering a culture of mutual benefit.
This information is meant to be a general summary of Related Partners Inc Salary Reduction Welfare Benefit 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 2020.
- Investment Income: $8,209
- Program Service Revenue: $1,314,892
- Gross Receipts: $1,323,101
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.
PLAN CONTRIBUTIONS
Revenue
$1,314,892
Organization Details
Founding Year
2010
Phone
(212) 521-6449Principal Officer
David Distaso
Main Address
60 COLUMBUS CIRCLE, NEW YORK, NY, 10023
NTEE Category
Code: Y40 - Mutual benefit
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