Employer Contribution Veba Trust For

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

EIN: 306380369 ✦ Charlotte, NC ✦ Designated as a 501(c)(9)

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Overview

What is Employer Contribution Veba Trust For?

Employer Contribution Veba Trust For is a nonprofit organization located at 8625 Andrew Carnegie Blvd, Charlotte, NC 28262. Its primary mission is to provide retiree health benefits to the former employees, their spouses, and dependent family members of the employer. Beyond health benefits, additional benefits may be offered as specified in the plan document. This trust aims to support the well-being and health of its beneficiaries, ensuring they have access to necessary healthcare services in their retirement years.


Official website here: www.fandm.edu

Is Employer Contribution Veba Trust For legitimate?

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

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

The mission of Employer Contribution Veba Trust For, as stated, is centered around providing retirement health benefits. This organization extends these benefits to the former employees of the employer, along with their spouses and dependents. However, it's important to note that the trust may offer additional benefits, as outlined in the plan document. The primary activity involves paying health benefits and insurance premiums for the trust's members.


Official website here: www.fandm.edu

Who is the CEO of Employer Contribution Veba Trust For?

Malcom Green Hayes is the Principal Officer of Employer Contribution Veba Trust For.


Official website here: www.fandm.edu

What is the revenue of Employer Contribution Veba Trust For?

Employer Contribution Veba Trust For's revenue in 2022 was $413,381.


Official website here: www.fandm.edu

Who are the executives of Employer Contribution Veba Trust For 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.fandm.edu

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

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


Official website here: www.fandm.edu

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

Mission Statement of Employer Contribution Veba Trust For

Employer Contribution Veba Trust For, as its mission statement suggests, is dedicated to providing retirement health benefits to the former employees and their dependents of the associated employer. While the trust primarily focuses on healthcare benefits, it may also offer additional advantages as outlined in the specific plan document. The trust's main objective is to ensure that the retired employees and their families have access to essential health benefits and insurance premiums, thus maintaining their well-being post-employment.

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Impact




October, 2024

The Employer Contribution VEBA Trust plays a crucial role in supporting the health and well-being of former employees and their families by providing retiree health benefits. By offering health benefits and insurance premiums, it assists retirees in managing their healthcare needs and costs, which can be particularly challenging during retirement.

This contribution not only fosters financial security for former employees but also enhances their overall quality of life, allowing them to access necessary medical services without undue financial strain. Additionally, the trust may extend other benefits as specified in the plan document, providing a comprehensive support system for its members.

Located in Charlotte, NC, the trust directly impacts the community by ensuring that retirees and their spouses and dependents receive the care they need. Overall, the VEBA Trust is essential in empowering former employees to maintain their health and manage expenses during their retirement years.




This information is meant to be a general summary of Employer Contribution Veba Trust For. 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
$413,381 (2022)
Expenses
$192,886 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $79,790
  • Program Service Revenue: $333,591
  • Gross Receipts: $899,975

Assets and Liabilities:

  • Total Assets: $1,620,156
  • Total Liabilities: $0
  • Net Assets: $1,620,156

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Programs

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

Employer Contributions

Revenue

$333,591

Organization Details

Founding Year

2013

Principal Officer

Malcom Green Hayes

Main Address

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

NTEE Category

Code: Y43 - Mutual benefit

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