Overview
What is University Of New Mexico Retiree Welfare Benefit Trust?
The University of New Mexico Retiree Welfare Benefit Trust is a nonprofit organization situated in Albuquerque, New Mexico. Its primary role is to consolidate various welfare benefits offered by the University of New Mexico (UNM) and ensure uniform administration of these benefits. The trust collaborates with UNM to cover a portion of retirees' premiums for component benefits. Its purpose is to simplify the management of welfare benefits for UNM retirees, thereby providing a more streamlined and consistent experience.
Official website here: www.unm.edu
Is University Of New Mexico Retiree Welfare Benefit Trust legitimate?
University Of New Mexico Retiree Welfare Benefit Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. University Of New Mexico Retiree Welfare 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: $86,241
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.unm.edu
What is the mission statement of University Of New Mexico Retiree Welfare Benefit Trust?
The University of New Mexico Retiree Welfare Benefit Trust serves to consolidate various welfare benefits sponsored by the University of New Mexico and ensures a uniform administration of these benefits. Its primary role is to contribute towards the pension premiums for retired faculty and staff members' coverage under the component benefits. The trust aims to provide a unified approach to managing these welfare benefits, thereby offering a more streamlined experience for the retirees. While it does not have a traditional mission statement in the sense of promoting societal change or advocating for specific causes, its purpose is to simplify and enhance the welfare benefits process for the university's retired personnel.
Official website here: www.unm.edu
Who is the CEO of University Of New Mexico Retiree Welfare Benefit Trust?
Norma Allen is the Institutional Trustee of University Of New Mexico Retiree Welfare Benefit Trust.
Official website here: www.unm.edu
What is the revenue of University Of New Mexico Retiree Welfare Benefit Trust?
University Of New Mexico Retiree Welfare Benefit Trust's revenue in 2022 was $6,414,325.
Official website here: www.unm.edu
Who are the executives of University Of New Mexico Retiree Welfare Benefit Trust and what are their salaries?
There is 1 key member and their salary:
- Compensation: $81,147
- Related: $0
- Other: $0
Official website here: www.unm.edu
Where can I find the form 990 for University Of New Mexico Retiree Welfare Benefit Trust?
University Of New Mexico Retiree Welfare Benefit Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.unm.edu
Learn more at the official website: www.unm.edu
Mission Statement of University Of New Mexico Retiree Welfare Benefit Trust
The University of New Mexico Retiree Welfare Benefit Trust serves a crucial role in consolidating various welfare benefit provisions sponsored by the University of New Mexico. Its primary objective is to ensure uniform administration of these benefits, working in tandem with the University of New Mexico Retiree Welfare Benefits Trust. The trust aims to contribute towards paying a portion of the premiums for retirees' coverage under the component benefits. By doing so, it seeks to provide a comprehensive and harmonious approach to the management of welfare benefits for retired individuals associated with the University of New Mexico.
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Impact
October, 2024
The University of New Mexico Retiree Welfare Benefit Trust plays a crucial role in enhancing the well-being of retirees by consolidating and administering welfare benefits efficiently. By bringing together various provisions under one plan document, it ensures that retirees receive consistent and equitable support throughout their retirement years. This structured approach not only simplifies the processes for beneficiaries but also helps in managing the costs associated with their healthcare coverages.
Through the Trust, a portion of the premiums for retirees' coverage is funded, thereby alleviating some financial burdens associated with healthcare expenses. This assistance is particularly significant for retirees who may be on fixed incomes and reliant on such benefits for their medical needs.
Overall, the Trust's impact extends beyond just financial support; it fosters a sense of security and community among the retirees of the University of New Mexico, thereby enhancing their quality of life during their retirement.
This information is meant to be a general summary of University Of New Mexico Retiree Welfare 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 2022.
- Investment Income: $2,479,787
- Program Service Revenue: $3,934,538
- Gross Receipts: $11,201,739
Assets and Liabilities:
- Total Assets: $52,206,573
- Total Liabilities: $0
- Net Assets: $52,206,573
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYEE/EMPLOYER CONT
Revenue
$3,934,538
Organization Details
Founding Year
2013
Phone
(505) 277-5111Principal Officer
Norma Allen
Main Address
UNIV OF NEW MEXICO SCHOLES HALL 2, ALBUQUERQUE, NM, 871310001
Website
www.unm.eduNTEE Category
Code: Y44 - Mutual benefit
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