Overview
What is State Chemical Veba Trust?
State Chemical Veba Trust is a funding mechanism established to facilitate the payment of health and welfare benefits by its plan sponsor. This trust serves as a crucial financial instrument, ensuring the delivery of essential benefits to its beneficiaries. The trust's primary role is to manage and disburse funds for health and welfare-related expenses, thereby providing a vital support system for its beneficiaries.
Is State Chemical Veba Trust legitimate?
State Chemical Veba Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. State Chemical Veba 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: $4,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of State Chemical Veba Trust?
The State Chemical Veba Trust serves as the financing mechanism for a plan sponsor to provide health and welfare benefits. Its primary mission is to ensure the reliable payment of these benefits, thereby supporting the well-being of the beneficiaries. The Trust does not have a publicly stated mission beyond this fundamental function, focusing solely on facilitating the plan sponsor's obligations in this regard.
Who is the CEO of State Chemical Veba Trust?
Us Bank Na is the Principal Officer of State Chemical Veba Trust.
What is the revenue of State Chemical Veba Trust?
State Chemical Veba Trust's revenue in 2022 was $6,357,885.
Who are the executives of State Chemical Veba Trust and what are their salaries?
There is 1 key member and their salary:
- Compensation: $4,000
- Related: $0
- Other: $0
Where can I find the form 990 for State Chemical Veba Trust?
State Chemical Veba Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of State Chemical Veba Trust
State Chemical Veba Trust serves as the financial instrument for a plan sponsor to meet their obligations towards health and welfare benefits. In essence, this trust acts as a medium through which the plan sponsor fulfills their commitment to providing health and welfare benefits to their employees and beneficiaries. The trust's role is primarily focused on facilitating the financial aspect of these benefits, ensuring that the necessary funds are available when required.
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Impact
October, 2024
State Chemical Veba Trust plays a crucial role in supporting the health and welfare of its participants by acting as the primary funding mechanism for the payment of essential benefits. By managing and distributing resources effectively, the Trust ensures that plan sponsors can provide necessary health services and benefits to their members. This directly impacts the well-being of individuals and families, facilitating access to healthcare and promoting overall community health. The Trust's operations are centered in Milwaukee, WI, reinforcing the local commitment to mutual benefit and support among its members. Through its strategic funding, the Trust contributes to a more robust safety net for those relying on health and welfare benefits.
This information is meant to be a general summary of State Chemical Veba 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: $6,025
- Program Service Revenue: $6,351,860
- Gross Receipts: $6,357,885
Assets and Liabilities:
- Total Assets: $957,254
- Total Liabilities: $0
- Net Assets: $957,254
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER FUNDING OF HEALTH BENEFITS
Revenue
$6,351,860
Organization Details
Founding Year
1984
Phone
(414) 765-6556Principal Officer
Us Bank Na
Main Address
PO BOX 0634, MILWAUKEE, WI, 532010634
NTEE Category
Code: Y40 - Mutual benefit
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