Overview
What is American Financial Group Voluntary Employees Beneficiary Trust?
The American Financial Group Voluntary Employees Beneficiary Trust is a nonprofit organization established in Cincinnati, Ohio, with a address at 301 East Fourth Street 40, specifically for managing and providing employee health and welfare benefits. This trust is dedicated to offering various types of benefits, including health, dental, vision, and life coverage, as well as addressing post-retirement obligations. It functions as a Voluntary Employee Beneficiary Association Trust, serving the needs of its workforce.
Is American Financial Group Voluntary Employees Beneficiary Trust legitimate?
American Financial Group Voluntary Employees Beneficiary Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. American Financial Group Voluntary Employees Beneficiary 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 American Financial Group Voluntary Employees Beneficiary Trust?
The American Financial Group Voluntary Employees Beneficiary Trust is a trust established for managing the employee health and welfare benefits. Its primary mission is to oversee the payment of various benefits, including health, dental, vision, and life insurance for the workforce. This trust ensures the financial well-being of employees, providing essential coverage and securing their post-retirement obligations. The trust's goal is to enhance the overall well-being and financial security of the employees by managing their benefits effectively.
Who is the CEO of American Financial Group Voluntary Employees Beneficiary Trust?
Michelle Gillis is the Trustee of American Financial Group Voluntary Employees Beneficiary Trust.
What is the revenue of American Financial Group Voluntary Employees Beneficiary Trust?
American Financial Group Voluntary Employees Beneficiary Trust's revenue in 2022 was $72,336,000.
Who are the executives of American Financial Group Voluntary Employees Beneficiary Trust and what are their salaries?
Here are 2 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for American Financial Group Voluntary Employees Beneficiary Trust?
American Financial Group Voluntary Employees Beneficiary Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of American Financial Group Voluntary Employees Beneficiary Trust
The American Financial Group Voluntary Employees Beneficiary Trust, known as AFG VEBA Trust, is a trust established to manage the employee health and welfare benefits for its sponsoring organization. In simpler terms, it serves as a trust fund for various employee benefits, which includes health, dental, vision, and life insurance coverage, among others.
This trust's primary mission is to ensure the financial sustainability of the employee benefit plans and post-retirement obligations of the organization. AFG VEBA Trust plays a crucial role in safeguarding the future of the employee benefits package, providing essential coverage and securing peace of mind for its beneficiaries.
The trust is designed to pool resources from employer contributions and employee premiums to finance the promised benefits to the eligible workforce. By managing these funds, AFG VEBA Trust aims to maintain the financial stability and solvency of the employee benefit programs, ensuring continued access to critical benefits for the organization's employees.
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Impact
October, 2024
American Financial Group Voluntary Employees Beneficiary Trust plays a significant role in supporting employee well-being by providing a range of health and welfare benefits. This VEBA trust is dedicated to the payment of essential benefits such as health, dental, vision, and life insurance for employees, fostering a secure and supportive work environment. By addressing various employee needs, it helps enhance job satisfaction and loyalty, contributing to a more engaged workforce.
Furthermore, the trust also serves to manage post-retirement obligations, ensuring that employees have access to necessary benefits even after they retire. This aspect not only aids in attracting top talent but also helps in retaining experienced employees, thus promoting stability within the organization. Overall, the trust’s focus on comprehensive employee benefits significantly impacts both individual and organizational health, reinforcing the importance of employee welfare in the workplace.
This information is meant to be a general summary of American Financial Group Voluntary Employees Beneficiary 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: $45,000
- Program Service Revenue: $72,291,000
- Gross Receipts: $72,336,000
Assets and Liabilities:
- Total Assets: $33,122,000
- Total Liabilities: $0
- Net Assets: $33,122,000
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
VEBA CONTRIBUTIONS
Revenue
$72,291,000
Organization Details
Founding Year
1996
Phone
(513) 369-5000Principal Officer
Michelle Gillis
Main Address
301 EAST FOURTH STREET 40, CINCINNATI, OH, 45202
NTEE Category
Code: Y40 - Mutual benefit
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