Ifpa Retiree Veba Trust C/O Illinois Fair Plan Association

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

EIN: 326528294 ✦ Chicago, IL ✦ Designated as a 501(c)(9)

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Overview

What is Ifpa Retiree Veba Trust C/O Illinois Fair Plan Association?

Ifpa Retiree Veba Trust C/O Illinois Fair Plan Association is a nonprofit organization located at 180 North Stetson Avenue, 2800, Chicago, Illinois. Its primary mission is to offer reimbursements to eligible retirees of the Illinois Fair Plan Association for specific medical expenses incurred by the retirees, their spouses, and dependent children. This nonprofit acts as a funding vehicle, carrying out its activities through a volunteer association.


Official website here: www.illinoisfairplan.com

Is Ifpa Retiree Veba Trust C/O Illinois Fair Plan Association legitimate?

Ifpa Retiree Veba Trust C/O Illinois Fair Plan Association is a legitimate nonprofit organization registered as a 501(c)(9) entity. Ifpa Retiree Veba Trust C/O Illinois Fair Plan Association 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.illinoisfairplan.com

What is the mission statement of Ifpa Retiree Veba Trust C/O Illinois Fair Plan Association?

The Ifpa Retiree Veba Trust C/O Illinois Fair Plan Association serves as a funding vehicle, primarily providing reimbursements to eligible retirees of the Illinois Fair Plan Association. Its mission is to cover certain medical expenses incurred by these retirees, their spouses, and dependent children. This organization aims to offer financial assistance to ease the burden of healthcare costs for its eligible beneficiaries. It functions as a safety net, ensuring that retirees can continue to manage their medical expenses despite their retirement status. The trust's activities are focused on reimbursing qualifying retirees, thereby providing them with financial support during their post-employment years.


Official website here: www.illinoisfairplan.com

Who is the CEO of Ifpa Retiree Veba Trust C/O Illinois Fair Plan Association?

Joseph A Hathaway is the Trustee of Ifpa Retiree Veba Trust C/O Illinois Fair Plan Association.


Official website here: www.illinoisfairplan.com

What is the revenue of Ifpa Retiree Veba Trust C/O Illinois Fair Plan Association?

Ifpa Retiree Veba Trust C/O Illinois Fair Plan Association's revenue in 2022 was $471,932.


Official website here: www.illinoisfairplan.com

Who are the executives of Ifpa Retiree Veba Trust C/O Illinois Fair Plan Association and what are their salaries?


Here are 4 key members and their salaries:


Joseph Hathaway (Trustee)
  • Compensation: $0
  • Related: $208,934
  • Other: $93,627
Snehal Pandya Through 52022 (Trustee)
  • Compensation: $0
  • Related: $61,281
  • Other: $17,083
Loida Guerra (Trustee)
  • Compensation: $0
  • Related: $94,990
  • Other: $73,989
Wintrust Brank (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.illinoisfairplan.com

Where can I find the form 990 for Ifpa Retiree Veba Trust C/O Illinois Fair Plan Association?

Ifpa Retiree Veba Trust C/O Illinois Fair Plan Association's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.illinoisfairplan.com

Learn more at the official website: www.illinoisfairplan.com

Mission Statement of Ifpa Retiree Veba Trust C/O Illinois Fair Plan Association

The Ifpa Retiree Veba Trust C/O Illinois Fair Plan Association serves as a funding vehicle, primarily focused on providing reimbursements to eligible retirees of the Illinois Fair Plan Association. Its mission is to alleviate the financial burden of certain medical expenses incurred by these retirees, their spouses, and dependent children. By offering this financial assistance, the trust aims to support the health and well-being of its beneficiaries, ensuring they can maintain their quality of life during their retirement years.

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Impact




October, 2024

The Ifpa Retiree VEBA Trust C/O Illinois Fair Plan Association plays a crucial role in supporting the financial well-being of retirees and their families by offering reimbursements for certain medical expenses. This initiative targets eligible retirees of the Illinois Fair Plan Association, providing them with valuable assistance for healthcare costs incurred by themselves, their spouses, and dependent children. By alleviating some of the financial burdens associated with medical expenses, the trust enhances the quality of life for retirees, helping them navigate the challenges that often accompany retirement. The focus on mutual benefit fosters a sense of community among retirees, reinforcing their connection to the association and offering peace of mind as they manage their health care needs. Overall, the Ifpa Retiree VEBA Trust serves as a vital resource, ensuring that retirees have access to necessary financial support for healthcare expenses.




This information is meant to be a general summary of Ifpa Retiree Veba Trust C/O Illinois Fair Plan Association. 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
$471,932 (2022)
Expenses
$75,802 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $51,932
  • Program Service Revenue: $420,000
  • Gross Receipts: $795,131

Assets and Liabilities:

  • Total Assets: $2,215,876
  • Total Liabilities: $9,100
  • Net Assets: $2,206,776

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Programs

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

EMPLOYER CONTRIBUTIONS

Revenue

$420,000

Organization Details

Founding Year

2018

Principal Officer

Joseph A Hathaway

Main Address

180 NORTH STETSON AVENUE 2800, CHICAGO, IL, 60601

NTEE Category

Code: Y43 - Mutual benefit

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