Overview
What is Santa Monica City Employees Coalition Benefit Trust?
The Santa Monica City Employees Coalition Benefit Trust is a nonprofit organization situated in Los Angeles, California. Established through an agreement between the Santa Monica Employees Coalition and the City of Santa Monica, its primary objective is to fund a retiree health insurance plan for eligible participants. This benevolent society operates as a fraternal beneficiary society and voluntary employees association, providing vital financial support for the health needs of its members in their retirement years.
Is Santa Monica City Employees Coalition Benefit Trust legitimate?
Santa Monica City Employees Coalition Benefit Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Santa Monica City Employees Coalition 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:
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What is the mission statement of Santa Monica City Employees Coalition Benefit Trust?
The Santa Monica City Employees Coalition Benefit Trust serves as a fraternal beneficiary society and voluntary employees association. Its primary purpose is to fund a retiree health insurance plan for eligible participants, established through an agreement between the Santa Monica Employees Coalition and the City of Santa Monica. The organization's objective is to provide retirement health benefits to its members, ensuring their well-being during their post-employment years. The Trust may also engage in various activities related to employee welfare and benefits, although specific details are not provided in the information provided.
What is the revenue of Santa Monica City Employees Coalition Benefit Trust?
Santa Monica City Employees Coalition Benefit Trust's revenue in 2023 was $6,352,093.
Who are the executives of Santa Monica City Employees Coalition Benefit Trust and what are their salaries?
Here are 9 key members and their salaries:
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Where can I find the form 990 for Santa Monica City Employees Coalition Benefit Trust?
Santa Monica City Employees Coalition Benefit Trust's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Santa Monica City Employees Coalition Benefit Trust
The Santa Monica City Employees Coalition Benefit Trust serves as a fraternal beneficiary society and voluntary employees association. Established through an agreement between the Santa Monica Employees Coalition and the City of Santa Monica, this organization's primary mission is to fund a retiree health insurance plan for eligible participants. This initiative aims to provide financial support and security for its members in their retirement years, ensuring they maintain a decent standard of living and healthcare coverage. The Santa Monica City Employees Coalition Benefit Trust plays a crucial role in the well-being of its members, demonstrating its commitment to their future welfare.
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Impact
October, 2024
The Santa Monica City Employees Coalition Benefit Trust plays a crucial role in providing financial security for retired city employees through its retiree health insurance plan. Established through an agreement between the Santa Monica Employees Coalition and the City of Santa Monica, the Trust ensures that eligible participants can access vital health benefits after retirement. By supporting retirees, the Trust not only enhances their quality of life but also fosters a sense of community and mutual support among city employees. Its efforts contribute to a stronger, healthier retiree population, ultimately impacting the broader community by reducing the financial burden of healthcare costs for former employees of the city.
This information is meant to be a general summary of Santa Monica City Employees Coalition 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 2023.
- Investment Income: $2,451,414
- Program Service Revenue: $3,287,180
- Gross Receipts: $15,904,827
Assets and Liabilities:
- Total Assets: $82,153,490
- Total Liabilities: $36,135
- Net Assets: $82,117,355
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTIONS
Revenue
$3,287,180
Organization Details
Founding Year
2001
Principal Officer
Lili Gaspar
NTEE Category
Code: Y34 - Mutual benefit
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