Homer City Coal Processing Corporation Umwa Benefit Trust

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

EIN: 311531682 ✦ Finleyville, PA ✦ Designated as a 501(c)(9)

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Overview

What is Homer City Coal Processing Corporation Umwa Benefit Trust?

Homer City Coal Processing Corporation Umwa Benefit Trust is a nonprofit organization located in Finleyville, Pennsylvania. Its primary mission is to ensure post-retirement health insurance coverage for eligible union employees and their dependents. This coverage is intended to extend throughout the employee's lifetime and that of their spouse. The trust funds this initiative, providing financial support for post-retirement health insurance and prescription drug coverage for qualified retired employees, their spouses, and dependents who meet the specified eligibility requirements.

Is Homer City Coal Processing Corporation Umwa Benefit Trust legitimate?

Homer City Coal Processing Corporation Umwa Benefit Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Homer City Coal Processing Corporation Umwa 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: $89,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of Homer City Coal Processing Corporation Umwa Benefit Trust?

The Homer City Coal Processing Corporation Umwa Benefit Trust's mission is centered around providing post-retirement health insurance benefits. Specifically, this organization aims to offer health insurance coverage and prescription drug coverage to eligible retired union employees, their surviving spouses, and dependent children, provided they meet the established eligibility requirements. The benefit plan ensures that the covered individuals receive this insurance coverage for the duration of their lives. The Trust's primary objective is to ensure the financial security of its beneficiaries in terms of their health insurance needs during their post-retirement years.

Who is the CEO of Homer City Coal Processing Corporation Umwa Benefit Trust?

William C Stein is the Trustee of Homer City Coal Processing Corporation Umwa Benefit Trust.

What is the revenue of Homer City Coal Processing Corporation Umwa Benefit Trust?

Homer City Coal Processing Corporation Umwa Benefit Trust's revenue in 2022 was $616.

Who are the executives of Homer City Coal Processing Corporation Umwa Benefit Trust and what are their salaries?


Here are 3 key members and their salaries:


William C Stein (Trustee)
  • Compensation: $40,000
  • Related: $0
  • Other: $0
Robert Stein (Trustee)
  • Compensation: $9,000
  • Related: $0
  • Other: $0
Linda A Hutchko (Trustee)
  • Compensation: $40,000
  • Related: $0
  • Other: $0
Where can I find the form 990 for Homer City Coal Processing Corporation Umwa Benefit Trust?

Homer City Coal Processing Corporation Umwa Benefit Trust's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Homer City Coal Processing Corporation Umwa Benefit Trust

The Homer City Coal Processing Corporation Umwa Benefit Trust is a nonprofit organization with a mission to provide post-retirement health insurance and prescription drug coverage to eligible union employees and their dependents. This mission is carried out to ensure that these individuals maintain their health coverage even after retiring from their employment. The trust aims to provide this coverage for the lifetime of the employee and their spouse, offering a sense of financial security in their golden years. The trust's mission is defined in its benefit plan, which sets forth the eligibility requirements for recipients of this post-retirement health insurance.

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Impact




October, 2024

Homer City Coal Processing Corporation Umwa Benefit Trust plays a critical role in supporting the well-being of eligible union employees and their families by funding post-retirement health insurance. This organization ensures that retired employees, along with their surviving spouses and dependents, receive essential health insurance and prescription drug coverage, thus alleviating financial burdens associated with healthcare costs in retirement.

By maintaining comprehensive benefits for union members, the trust contributes to the overall stability and quality of life for these individuals, allowing them to focus on their well-being rather than financial worries. The trust's commitment reflects a significant investment in the health security of former workers and their families, demonstrating a model of support that values the contributions of union members throughout their careers, ensuring they are cared for in their later years. This impact is felt not only on an individual level but also within the community as it fosters a sense of security and stability among retired union members.




This information is meant to be a general summary of Homer City Coal Processing Corporation Umwa 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.

Revenue
$616 (2022)
Expenses
$402,265 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $616
  • Gross Receipts: $616

Assets and Liabilities:

  • Total Assets: $969,814
  • Total Liabilities: $0
  • Net Assets: $969,814

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Organization Details

Founding Year

1997

Principal Officer

William C Stein

Main Address

6108 BROWNSVILLE ROAD EXT 201, FINLEYVILLE, PA, 15332

NTEE Category

Code: Y40 - Mutual benefit

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