Cliffs Mining Hibbing Retirement Ben Trust

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

EIN: 341773469 ✦ Pittsburgh, PA ✦ Designated as a 501(c)(9)

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Overview

What is Cliffs Mining Hibbing Retirement Ben Trust?

Cliffs Mining Hibbing Retirement Ben Trust is a nonprofit organization that focuses on providing health and welfare benefits for retired employees of Cliffs Mining Hibbing. Based on the provided information, this trust operates primarily in the Pittsburgh, Pennsylvania area, as indicated by the mailing address. The main mission of this trust is to support the retired workers of Cliffs Mining Hibbing, ensuring they have access to necessary health and welfare benefits. This nonprofit organization is committed to enhancing the well-being of its retirees, providing essential assistance during their post-employment years.

Is Cliffs Mining Hibbing Retirement Ben Trust legitimate?

Cliffs Mining Hibbing Retirement Ben Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Cliffs Mining Hibbing Retirement Ben 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

For more financial information, click here

What is the mission statement of Cliffs Mining Hibbing Retirement Ben Trust?

The Cliffs Mining Retirement Benefit Trust, in its mission, focuses on providing health and welfare benefits for retirees from the Cliffs Mining Company's operations in Hibbing. This trust aims to support the well-being of these retirees, ensuring they have access to necessary healthcare services and other essential benefits during their post-retirement years. The trust serves as a crucial safety net, ensuring retirees can maintain their quality of life after their active employment with the company. The trust's activities primarily revolve around managing and administering these benefits, ensuring they are accessible and beneficial to the retirees.

Who is the CEO of Cliffs Mining Hibbing Retirement Ben Trust?

The Bank Of New York Mellon is the Trustee (See Schedule O) of Cliffs Mining Hibbing Retirement Ben Trust.

What is the revenue of Cliffs Mining Hibbing Retirement Ben Trust?

Cliffs Mining Hibbing Retirement Ben Trust's revenue in 2022 was -$2,963,987.

Who are the executives of Cliffs Mining Hibbing Retirement Ben Trust and what are their salaries?


There is 1 key member and their salary:


The Bank Of New York Mellon (Trustee (See Schedule O))
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Cliffs Mining Hibbing Retirement Ben Trust?

Cliffs Mining Hibbing Retirement Ben Trust's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Cliffs Mining Hibbing Retirement Ben Trust

The Cliffs Mining Hibbing Retirement Ben Trust, in its mission, offers health and welfare benefits to the retirees of Cliffs Mining in Hibbing. This nonprofit organization is dedicated to supporting the well-being of its beneficiaries, providing them with essential health and welfare benefits post their retirement from Cliffs Mining. The Trust serves as a safety net, ensuring that these retirees continue to receive essential services, maintaining their quality of life after their professional careers.

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Impact




October, 2024

Cliffs Mining Hibbing Retirement Ben Trust plays a crucial role in supporting the health and welfare of retirees from the Cliffs Mining Hibbing Joint Venture. By providing essential benefits, it ensures that former employees can access necessary healthcare services and support, significantly contributing to their quality of life. The trust helps to alleviate financial burdens that retirees may face, fostering a sense of security and well-being among this demographic. Its mission is vital in maintaining the health of those who dedicated their careers to the mining industry, ensuring they receive the care and assistance they deserve in their retirement years. Through its focused efforts, the trust strengthens community ties and reflects a commitment to the welfare of its members.




This information is meant to be a general summary of Cliffs Mining Hibbing Retirement Ben 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.

Revenue
-$2,963,987 (2022)
Expenses
$4,683,493 (2022)
Efficiency

Other financial information:

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

  • Investment Income: -$2,963,987
  • Gross Receipts: $21,374,343

Assets and Liabilities:

  • Total Assets: $59,815,017
  • Total Liabilities: $0
  • Net Assets: $59,815,017

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Organization Details

Founding Year

2000

Principal Officer

The Bank Of New York Mellon

Main Address

C/O THE BNYM PO BOX 535007, PITTSBURGH, PA, 152535007

NTEE Category

Code: Y40 - Mutual benefit

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