Overview
What is Lucent Tech Inc Post Retirement Welfare Benefit Trust For Nonrepresented Employe?
Lucent Tech Inc's Post Retirement Welfare Benefit Trust for Nonrepresented Employees is a nonprofit organization headquartered in Murray Hill, New Jersey, with an address at 600 Mountain Ave, ZIP code 07974. The primary mission of this trust is to provide funding for post-retirement life insurance benefits and health benefits to eligible retirees of Nokia of America Corporation. The organization's activities revolve around fulfilling this commitment to ensure financial security and well-being for these retirees.
Is Lucent Tech Inc Post Retirement Welfare Benefit Trust For Nonrepresented Employe legitimate?
Lucent Tech Inc Post Retirement Welfare Benefit Trust For Nonrepresented Employe is a legitimate nonprofit organization registered as a 501(c)(9) entity. Lucent Tech Inc Post Retirement Welfare Benefit Trust For Nonrepresented Employe 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: $11,500
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Lucent Tech Inc Post Retirement Welfare Benefit Trust For Nonrepresented Employe?
The Lucent Tech Inc Post Retirement Welfare Benefit Trust for Nonrepresented Employees is dedicated to funding the payment of post-retirement life insurance benefits and health benefits for eligible retirees of Nokia of America Corporation. The trust's primary mission is to ensure that these retirees continue to receive essential coverage after their employment has ended. By providing financial support for these benefits, the trust aims to bring peace of mind to the retirees and enable them to focus on their post-retirement years. The trust's expenses are solely allocated towards this noble cause.
Who is the CEO of Lucent Tech Inc Post Retirement Welfare Benefit Trust For Nonrepresented Employe?
Bank Of New York Mellon is the Principal Officer of Lucent Tech Inc Post Retirement Welfare Benefit Trust For Nonrepresented Employe.
What is the revenue of Lucent Tech Inc Post Retirement Welfare Benefit Trust For Nonrepresented Employe?
Lucent Tech Inc Post Retirement Welfare Benefit Trust For Nonrepresented Employe's revenue in 2022 was $28,622,401.
Who are the executives of Lucent Tech Inc Post Retirement Welfare Benefit Trust For Nonrepresented Employe and what are their salaries?
There is 1 key member and their salary:
- Compensation: $11,500
- Related: $0
- Other: $0
Where can I find the form 990 for Lucent Tech Inc Post Retirement Welfare Benefit Trust For Nonrepresented Employe?
Lucent Tech Inc Post Retirement Welfare Benefit Trust For Nonrepresented Employe's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Lucent Tech Inc Post Retirement Welfare Benefit Trust For Nonrepresented Employe
The Lucent Tech Inc Post Retirement Welfare Benefit Trust for Nonrepresented Employees is a charitable organization dedicated to providing post-retirement life insurance benefits and health benefits to eligible retirees of Nokia of America Corporation. In simple terms, this trust serves as a vital safety net for retired employees of Nokia, ensuring they continue to receive essential benefits after their working years.
Through its mission, the Lucent Tech Inc Post Retirement Welfare Benefit Trust for Nonrepresented Employees aims to alleviate the financial burden of healthcare and life insurance costs for eligible retirees of Nokia of America Corporation. By offering these benefits, the trust enables retirees to live their golden years with peace of mind and financial security.
The trust's primary focus is on providing funding for the payment of post-retirement life insurance benefits and health benefits, ensuring that eligible retirees can continue to access these essential services even after they have left their employment with Nokia. This commitment to the well-being of its beneficiaries is a testament to the organizational values of Lucent Tech Inc Post Retirement Welfare Benefit Trust for Nonrepresented Employees.
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Impact
October, 2024
Lucent Tech Inc Post Retirement Welfare Benefit Trust For Nonrepresented Employees plays a crucial role in ensuring that eligible retirees of Nokia of America Corporation receive important post-retirement benefits. By providing funding for life insurance and health benefits, the Trust helps to alleviate financial burdens that retirees may face, enhancing their overall quality of life during retirement.
This support not only addresses immediate healthcare and insurance needs but also contributes to the long-term financial security of retirees. By ensuring access to necessary benefits, the Trust aids in maintaining retirees' health and well-being, which can lead to improved longevity and a better quality of life. Additionally, this initiative reflects a commitment to the welfare of former employees, fostering a positive relationship between the company and its workforce, which resonates positively through corporate culture and reputation.
This information is meant to be a general summary of Lucent Tech Inc Post Retirement Welfare Benefit Trust For Nonrepresented Employe. 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: $17,625,831
- Program Service Revenue: $10,996,570
- Gross Receipts: $327,147,758
Assets and Liabilities:
- Total Assets: $372,967,567
- Total Liabilities: $41,288
- Net Assets: $372,926,279
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RETIREE CONTRIBUTIONS
Revenue
$10,996,570
Organization Details
Founding Year
2002
Phone
(908) 723-9869Principal Officer
Bank Of New York Mellon
Main Address
CO KAREN ALEXANDER 600 MOUNTAIN AV, MURRAY HILL, NJ, 07974
NTEE Category
Code: Y430 - Mutual benefit
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