Overview
What is Eli Lilly & Company Master Trust For Employee Benefits?
Eli Lilly & Company Master Trust for Employee Benefits is a voluntary employees' beneficiary association (VEBA) trust, primarily based in Indianapolis, Indiana. Its primary mission is to guarantee the continuous funding of medical and dental benefit payments for eligible employees, their dependents, and beneficiaries, as per the terms and conditions of each health plan. This trust serves as a safety net, ensuring that employees and their families maintain access to necessary healthcare benefits, contributing to their overall well-being.
Is Eli Lilly & Company Master Trust For Employee Benefits legitimate?
Eli Lilly & Company Master Trust For Employee Benefits is a legitimate nonprofit organization registered as a 501(c)(9) entity. Eli Lilly & Company Master Trust For Employee Benefits 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 Eli Lilly & Company Master Trust For Employee Benefits?
The Eli Lilly & Company Master Trust for Employee Benefits is a voluntary employees' beneficiary association (VEBA) trust, serving as a means to guarantee the continued financing of medical and dental benefit payments for eligible employees, their dependents, and beneficiaries, in accordance with the stipulations of each health plan. The primary objective of the Master Trust is to provide ongoing financial support for the medical and dental benefits of active employees within Eli Lilly & Co. This trust ensures that the necessary funds are available to cover these benefits as authorized and defined by each health plan.
Who is the CEO of Eli Lilly & Company Master Trust For Employee Benefits?
Jane A Kirkham is the Trustee of Eli Lilly & Company Master Trust For Employee Benefits.
What is the revenue of Eli Lilly & Company Master Trust For Employee Benefits?
Eli Lilly & Company Master Trust For Employee Benefits's revenue in 2022 was $10,382,941.
Who are the executives of Eli Lilly & Company Master Trust For Employee Benefits and what are their salaries?
There is 1 key member and their salary:
- Compensation: $13,381
- Related: $0
- Other: $0
Where can I find the form 990 for Eli Lilly & Company Master Trust For Employee Benefits?
Eli Lilly & Company Master Trust For Employee Benefits's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Eli Lilly & Company Master Trust For Employee Benefits
Eli Lilly & Company Master Trust For Employee Benefits is a voluntary employees' beneficiary association (VEBA) trust with a specific mission. This trust aims to ensure the continued funding of medical and dental benefit payments for active employees, their dependents, and beneficiaries, as authorized and defined by each of the health plans. The purpose of this trust is to provide financial support for the medical and dental benefits of eligible employees of Eli Lilly & Company. The Eli Lilly & Company Master Trust For Employee Benefits serves as a safety net, ensuring that the company's employees and their families have access to necessary healthcare services, even in the event of job changes or other life changes. The trust functions as a crucial component of Eli Lilly & Company's overall employee benefits package, providing peace of mind and financial security for its workforce.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Eli Lilly & Company Master Trust for Employee Benefits plays a pivotal role in securing the health and well-being of its employees and their families. By providing funding for medical and dental benefits, the trust ensures that eligible employees have access to essential healthcare services. This support not only enhances the quality of life for active employees and their dependents but also fosters a sense of security and commitment within the workforce.
The Master Trust operates as a Voluntary Employees' Beneficiary Association (VEBA), specifically designed to manage and allocate resources for employee benefits effectively. This arrangement allows for a structured approach to healthcare funding, making sure that medical and dental expenses are covered according to the stipulations of the health plans. In doing so, it reinforces the company's dedication to its employees, contributing to higher job satisfaction, productivity, and overall morale within the organization.
By prioritizing the health benefits of its workforce, the trust promotes a culture of care and mutual benefit, ultimately leading to a more resilient and engaged employee base.
This information is meant to be a general summary of Eli Lilly & Company Master Trust For Employee Benefits. 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: $382,941
- Program Service Revenue: $10,000,000
- Gross Receipts: $10,579,628
Assets and Liabilities:
- Total Assets: $13,112,209
- Total Liabilities: $23,626
- Net Assets: $13,088,583
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTIONS
Revenue
$10,000,000
Organization Details
Founding Year
1983
Phone
(317) 276-2000Principal Officer
Jane A Kirkham
Main Address
LILLY CORPORATE CENTER, INDIANAPOLIS, IN, 46285
NTEE Category
Code: Y43 - Mutual benefit
If you are a representative of Eli Lilly & Company Master Trust For Employee Benefits and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.