Overview
What is Washington Teachers Union Option 2 Veba Trust?
The Washington Teachers Union Option 2 Veba Trust is a nonprofit organization situated in Washington, D.C., specifically at 1239 Pennsylvania Avenue SE, 20003. Its primary mission is to extend supplemental unemployment insurance benefits to former employees of the District of Columbia Public Schools (DCPS) who meet specific eligibility criteria. This nonprofit entity was established under a collective bargaining agreement between the Washington Teachers Union Local #6 of the American Federation of Teachers, AFL-CIO and DCPS. The plan also provides additional welfare benefits to eligible current and former DCPS employees. The organization currently employs a small team of five individuals.
Is Washington Teachers Union Option 2 Veba Trust legitimate?
Washington Teachers Union Option 2 Veba Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Washington Teachers Union Option 2 Veba 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 Washington Teachers Union Option 2 Veba Trust?
The Washington Teachers Union Option 2 Veba Trust was established with a mission to provide supplemental unemployment benefits and various welfare benefits to current and former employees of the District of Columbia Public Schools (DCPS) system. This is done under the conditions of a collective bargaining agreement between the Washington Teachers Union Local #6 of the American Federation of Teachers, AFL-CIO and DCPS. The aim is to support these employees during times of unemployment and offer additional benefits to enhance their well-being.
Who is the CEO of Washington Teachers Union Option 2 Veba Trust?
Jacqueline Pogue Lyons is the Chairperson of Washington Teachers Union Option 2 Veba Trust.
What is the revenue of Washington Teachers Union Option 2 Veba Trust?
Washington Teachers Union Option 2 Veba Trust's revenue in 2022 was $1,854.
Who are the executives of Washington Teachers Union Option 2 Veba Trust and what are their salaries?
There are 5 employees at Washington Teachers Union Option 2 Veba Trust.
Here are 5 key members and their salaries:
- Compensation: $0
- Related: $62,058
- Other: $1,199
- Compensation: $0
- Related: $8,950
- Other: $0
- Compensation: $0
- Related: $1,333
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Washington Teachers Union Option 2 Veba Trust?
Washington Teachers Union Option 2 Veba Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Washington Teachers Union Option 2 Veba Trust
The Washington Teachers Union Option 2 Veba Trust is a program that was established to provide supplemental unemployment benefits and other welfare benefits to current and former employees who are under a collective bargaining agreement between the Washington Teachers Union Local #6 of the American Federation of Teachers, AFL-CIO, and the District of Columbia Public School (DCPS) system. This trust aims to support these employees by offering them additional financial assistance and benefits during times of unemployment or need, provided they meet certain eligibility requirements. The Washington Teachers Union Option 2 Veba Trust serves as a safety net for the educators and staff members of the DCPS system, ensuring they have access to resources that can help them navigate through challenging periods.
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Impact
October, 2024
The Washington Teachers Union Option 2 VEBA Trust significantly impacts current and former District of Columbia Public School (DCPS) employees by providing supplemental unemployment insurance and other welfare benefits. This financial safety net serves individuals who are part of a collective bargaining agreement with the Washington Teachers Union, ensuring they have access to essential support during periods of unemployment or hardship.
By offering these benefits, the trust helps to alleviate the financial strain on educators and staff who may face job loss or other unforeseen challenges, fostering a sense of security and stability within the workforce. This provision not only supports the well-being of employees but also contributes to their overall job satisfaction and retention within the educational sector.
Additionally, the trust plays a crucial role in promoting equity among educators, ensuring that those who have dedicated their careers to public service are not left without support in times of need. By responding to the unique challenges faced by DCPS employees, the Washington Teachers Union Option 2 VEBA Trust enhances the livelihood of educators, ultimately benefiting the community and the educational environment as a whole.
This information is meant to be a general summary of Washington Teachers Union Option 2 Veba 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 2022.
- Investment Income: $1,854
- Gross Receipts: $1,854
Assets and Liabilities:
- Total Assets: $3,623,634
- Total Liabilities: $3,481
- Net Assets: $3,620,153
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Organization Details
Founding Year
2013
Phone
(202) 517-1477Principal Officer
Jacqueline Pogue Lyons
Main Address
1239 PENNSYLVANIA AVENUE SE, WASHINGTON, DC, 20003
NTEE Category
Code: Y44 - Mutual benefit
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