Overview
What is The Lincoln Electric Company Trust?
The Lincoln Electric Company Trust is a nonprofit organization located in Euclid, Ohio, specifically at 22801 St. Clair Avenue, 44117. Its primary mission is to offer benefits for absences due to sickness or injury that are not covered by an employer. In addition to this primary role, the trust also supports voluntary funding for athletic leagues, events, and social activities as a secondary benefit, with the employer contributing as well. The trust's purpose is to enhance the well-being of its members by providing financial assistance during challenging health situations and supporting communal activities.
Is The Lincoln Electric Company Trust legitimate?
The Lincoln Electric Company Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. The Lincoln Electric Company 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of The Lincoln Electric Company Trust?
The Lincoln Electric Company Trust's primary mission is to provide financial assistance for sickness and injury-related absences that are not covered by an employer. This is the primary role of the trust. Additionally, it offers a secondary benefit by voluntarily funding athletic leagues, events, and social activities. The employer also contributes to this secondary benefit, which includes athletic and social activities for its members.
Who is the CEO of The Lincoln Electric Company Trust?
Rodney Bennett is the President of The Lincoln Electric Company Trust.
What is the revenue of The Lincoln Electric Company Trust?
The Lincoln Electric Company Trust's revenue in 2023 was $175,418.
Who are the executives of The Lincoln Electric Company Trust and what are their salaries?
Here are 6 key members and their salaries:
- Compensation: $5,500
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Where can I find the form 990 for The Lincoln Electric Company Trust?
The Lincoln Electric Company Trust's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of The Lincoln Electric Company Trust
The Lincoln Electric Company Trust, as a nonprofit entity, primarily focuses on providing benefits for sick and injury-related absences that are not covered by an employer's payment. This mission is essential in ensuring that employees in need of medical attention or recovery time due to injuries are not financially burdened further.
In addition to its primary mission, The Lincoln Electric Company Trust also offers a secondary benefit. This secondary benefit involves the voluntary funding of athletic leagues, events, and social activities. This initiative not only contributes to employee morale and well-being but also fosters a sense of community within the organization. The employer also plays a role in supplementing this secondary benefit, further enhancing the overall employee experience.
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Impact
October, 2024
The Lincoln Electric Company Trust provides essential support to employees facing sickness or injury-related absences that are not covered by their employer. By offering financial assistance during these challenging times, the Trust helps alleviate the stress and financial burden that can arise when workers are unable to earn their wages due to health issues.
In addition to its primary focus on health-related benefits, the Trust also promotes community and camaraderie among employees through the voluntary funding of athletic leagues, events, and social activities. This secondary benefit fosters a sense of belonging and encourages physical activity among members, enhancing overall well-being.
Located in Euclid, Ohio, the Trust plays a vital role in enhancing the mutual well-being of its members, ensuring that they can navigate periods of illness or injury with greater security and support. Through these initiatives, The Lincoln Electric Company Trust significantly contributes to employee morale and community engagement.
This information is meant to be a general summary of The Lincoln Electric Company 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 2023.
- Investment Income: $32
- Gross Receipts: $175,418
Assets and Liabilities:
- Total Assets: $474,648
- Total Liabilities: $0
- Net Assets: $474,648
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Organization Details
Founding Year
1998
Principal Officer
Rodney Bennett
Main Address
22801 ST CLAIR AVENUE, EUCLID, OH, 44117
NTEE Category
Code: Y40 - Mutual benefit
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