Overview
What is Cooper Tire & Rubber Company Veba?
Cooper Tire & Rubber Company Veba is a nonprofit organization, formerly known for its role as a Voluntary Employee Beneficiary Association. The primary mission of this nonprofit involved providing benefits and support for the employees and their families associated with Cooper Tire & Rubber Company.
Is Cooper Tire & Rubber Company Veba legitimate?
Cooper Tire & Rubber Company Veba is a legitimate nonprofit organization registered as a 501(c)(9) entity. Cooper Tire & Rubber Company Veba 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 Cooper Tire & Rubber Company Veba?
Cooper Tire & Rubber Company Veba was a nonprofit organization that is now terminated or no longer active. Previously, it served as a Voluntary Employee Beneficiary Association. Although its mission description is no longer available, it is believed that Veba was established to provide benefits and support for the employees and their families associated with Cooper Tire & Rubber Company. Unfortunately, no further details about the organization's specific mission or activities can be derived from the provided information.
Who is the CEO of Cooper Tire & Rubber Company Veba?
Jordan Coughlin is the Vp, Fifth Third Bank of Cooper Tire & Rubber Company Veba.
What is the revenue of Cooper Tire & Rubber Company Veba?
Cooper Tire & Rubber Company Veba's revenue in 2022 was $57,297,685.
Who are the executives of Cooper Tire & Rubber Company Veba and what are their salaries?
There is 1 key member and their salary:
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Cooper Tire & Rubber Company Veba?
Cooper Tire & Rubber Company Veba's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Cooper Tire & Rubber Company Veba
Cooper Tire & Rubber Company Veba, formerly a nonprofit organization, was once dedicated to associating with employees and their beneficiaries in providing voluntary benefits. The mission of this terminated association was to extend support and assistance beyond the typical scope of employment, ensuring the well-being of its members. By focusing on voluntary employee benefits, Cooper Tire & Rubber Company Veba filled a unique niche, offering additional services that enhanced the overall employee experience. Although this nonprofit is no longer active, its legacy serves as a reminder of the importance of employee welfare and the role of such organizations in fostering a strong and engaged workforce.
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Impact
October, 2024
Cooper Tire & Rubber Company Veba, as a Voluntary Employee Beneficiary Association (VEBA), aimed to provide mutual benefit to employees by offering health benefits and other welfare programs. Although it is now terminated and no longer active, its existence highlighted the importance of employee-focused initiatives within the corporate structure of Cooper Tire & Rubber Company.
The impact of such an organization can include fostering a sense of community among employees, improving morale, and providing essential support to workers and their families, particularly in areas related to health care. The VEBA model emphasizes a collaborative approach to employee benefits, as it allows companies to set aside funds for future health expenses, which can enhance financial stability for both employer and employee.
The dissolution of Cooper Tire & Rubber Company Veba may have implications for the former employees who relied on its services, potentially affecting their access to healthcare and other benefits. The legacy of such associations can influence how companies structure their employee benefit programs, encouraging the establishment of similar organizations to promote the welfare of their workforce.
This information is meant to be a general summary of Cooper Tire & Rubber Company Veba. 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.
- Program Service Revenue: $57,297,685
- Gross Receipts: $57,297,685
Assets and Liabilities:
- Total Assets: $0
- Total Liabilities: $0
- Net Assets: $0
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTIONS
Revenue
$57,297,685
Organization Details
Founding Year
1990
Principal Officer
Jordan Coughlin
Main Address
200 Innovation Way, Akron, OH, 44316
NTEE Category
Code: Y40 - Mutual benefit
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