Overview
What is Lincoln National Corporation Veba Trust?
The Lincoln National Corporation Veba Trust is a nonprofit organization situated in Des Moines, Iowa. Its primary role is to provide health and welfare benefits for participating employees, agents, planners, and retirees at Lincoln National Corporation. Through this trust, essential benefits are funded to enhance the well-being of the designated individuals, ensuring they have access to necessary resources.
Is Lincoln National Corporation Veba Trust legitimate?
Lincoln National Corporation Veba Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Lincoln National Corporation 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: $14,674
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Lincoln National Corporation Veba Trust?
The Lincoln National Corporation Veba Trust is dedicated to providing health and welfare benefits for its participating employees, agents, planners, and retirees. This trust plays a crucial role in ensuring the well-being of these individuals associated with Lincoln National Corporation. By funding these essential benefits, the trust enhances their overall quality of life and peace of mind. The trust's commitment focuses on supporting the health and welfare needs of its beneficiaries, ultimately contributing to their overall well-being and sense of security. The provision of these benefits serves as a cornerstone of the organization's dedication to its people.
Who is the CEO of Lincoln National Corporation Veba Trust?
Principal Financial Group is the Principal Officer of Lincoln National Corporation Veba Trust.
What is the revenue of Lincoln National Corporation Veba Trust?
Lincoln National Corporation Veba Trust's revenue in 2022 was $164,544,403.
Who are the executives of Lincoln National Corporation Veba Trust and what are their salaries?
There is 1 key member and their salary:
- Compensation: $14,674
- Related: $0
- Other: $0
Where can I find the form 990 for Lincoln National Corporation Veba Trust?
Lincoln National Corporation Veba Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Lincoln National Corporation Veba Trust
The Lincoln National Corporation Veba Trust is a dedicated entity that plays a vital role in funding health and welfare benefits for Lincoln National Corporation's participating employees, agents, planners, and retirees. Its mission is geared towards ensuring the well-being of these individuals, providing them with essential benefits that enhance their quality of life.
The Trust's primary function revolves around the allocation of resources for various health and welfare benefits. By doing so, it underscores Lincoln National Corporation's commitment to maintaining the overall well-being of its workforce and those who represent the organization in different capacities. The benefits funded by the Trust contribute significantly to the physical, emotional, and financial well-being of the recipients, making a meaningful difference in their lives.
Lincoln National Corporation Veba Trust's mission extends beyond merely funding benefits. It serves as a testament to the organization's unwavering dedication to its people, recognizing that their well-being and satisfaction are crucial factors in the success and growth of the corporation. As a result, the Trust's initiatives contribute to fostering a strong, supportive work environment that sets Lincoln National Corporation apart.
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Impact
October, 2024
The Lincoln National Corporation VEBA Trust plays a critical role in providing health and welfare benefits to employees, agents, planners, and retirees associated with Lincoln National Corporation. By funding these benefits, the Trust ensures that participants have access to essential health services and support, which can significantly enhance their quality of life and overall well-being.
In a broader context, the Trust contributes to the financial stability and security of those within the Lincoln National community, fostering loyalty and engagement among employees and stakeholders. This commitment not only supports individual health needs but also promotes a positive organizational culture and strengthens workforce retention. In essence, the Lincoln National Corporation VEBA Trust embodies a mutual benefit ethos, creating a safety net that underpins the health and welfare of its participants.
This information is meant to be a general summary of Lincoln National Corporation 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: $3,012,250
- Program Service Revenue: $161,532,153
- Gross Receipts: $164,544,403
Assets and Liabilities:
- Total Assets: $22,112,435
- Total Liabilities: $18,528,445
- Net Assets: $3,583,990
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PLAN CONTRIBUTIONS
Revenue
$115,107,026
PARTICIPANT CONTRIBUTIONS
Revenue
$46,425,127
Organization Details
Founding Year
1995
Phone
(602) 562-0883Principal Officer
Principal Financial Group
Main Address
PO BOX 10316, DES MOINES, IA, 50306
NTEE Category
Code: Y40 - Mutual benefit
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