Overview
What is Eli Lilly & Co Master Trust For Post-Retirement Medical Benefits?
Eli Lilly & Co Master Trust for Post-Retirement Medical Benefits is a voluntary employees' beneficiary association (VEBA) trust, headquartered in Indianapolis, Indiana. Its primary mission is to ensure the continued funding of medical and dental benefits for retired employees of Eli Lilly & Co, along with their dependents and beneficiaries, as outlined by the plan. The trust provides essential financial support to help these individuals maintain their healthcare coverage post-retirement.
Is Eli Lilly & Co Master Trust For Post-Retirement Medical Benefits legitimate?
Eli Lilly & Co Master Trust For Post-Retirement Medical Benefits is a legitimate nonprofit organization registered as a 501(c)(9) entity. Eli Lilly & Co Master Trust For Post-Retirement Medical 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
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What is the mission statement of Eli Lilly & Co Master Trust For Post-Retirement Medical Benefits?
The Eli Lilly & Co Master Trust for Post-Retirement Medical Benefits is a voluntary employees' beneficiary association (VEBA) trust, serving as a resource to continue funding medical and dental benefit payments for eligible retired employees, their dependents, and beneficiaries, as outlined in the plan. Its primary mission is to ensure the continued availability of healthcare benefits for retired employees, upholding the provisions and definitions established within the plan. By doing so, the trust aims to provide financial security and peace of mind for those who have contributed to Eli Lilly & Co during their working years.
Who is the CEO of Eli Lilly & Co Master Trust For Post-Retirement Medical Benefits?
Jane A Kirkham is the Trustee of Eli Lilly & Co Master Trust For Post-Retirement Medical Benefits.
What is the revenue of Eli Lilly & Co Master Trust For Post-Retirement Medical Benefits?
Eli Lilly & Co Master Trust For Post-Retirement Medical Benefits's revenue in 2022 was -$192,704,056.
Who are the executives of Eli Lilly & Co Master Trust For Post-Retirement Medical Benefits and what are their salaries?
There is 1 key member and their salary:
- Compensation: $25,175
- Related: $0
- Other: $0
Where can I find the form 990 for Eli Lilly & Co Master Trust For Post-Retirement Medical Benefits?
Eli Lilly & Co Master Trust For Post-Retirement Medical Benefits's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Eli Lilly & Co Master Trust For Post-Retirement Medical Benefits
The Eli Lilly & Co Master Trust for Post-Retirement Medical Benefits is a voluntary employees' beneficiary association (VEBA) trust with a specific mission. This trust aims to ensure the continued provision of medical and dental benefit payments to retired employees, their dependents, and beneficiaries, in accordance with the defined plan. The Master Trust serves as a crucial financial resource, providing funding for the necessary medical and dental benefits for eligible retired employees of Eli Lilly & Co. By fulfilling this mission, the trust helps maintain the health and well-being of its beneficiaries, offering them peace of mind as they navigate their post-retirement years.
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Impact
October, 2024
Eli Lilly & Co Master Trust For Post-Retirement Medical Benefits plays a crucial role in ensuring the financial security of retired employees by providing funding for their medical and dental benefits. This trust is designed specifically to support eligible retirees, their dependents, and beneficiaries, mitigating the potential financial burden associated with healthcare costs in retirement.
By facilitating continued access to necessary medical services, the trust contributes to the overall well-being of retirees, enhancing their quality of life and providing peace of mind regarding healthcare expenses. The trust's structured funding mechanism ensures that these benefits remain sustainable and can effectively address the healthcare needs of former employees over time, reinforcing the commitment of Eli Lilly & Co. to the welfare of its workforce even after retirement.
Ultimately, the impact of the Eli Lilly & Co Master Trust extends beyond individual retirees to foster a supportive community, contributing to the organization’s reputation as a responsible employer that values the health and welfare of its employees across their lifespans.
This information is meant to be a general summary of Eli Lilly & Co Master Trust For Post-Retirement Medical 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: -$224,463,187
- Program Service Revenue: $31,759,131
- Gross Receipts: $1,014,572,230
Assets and Liabilities:
- Total Assets: $1,485,079,860
- Total Liabilities: $347,135
- Net Assets: $1,484,732,725
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROCEEDS FROM LIFE INSURANCE PROG
Revenue
$31,759,131
Organization Details
Founding Year
1983
Phone
(317) 276-2000Principal Officer
Jane A Kirkham
Main Address
LILLY CORPORATE CENTER, INDIANAPOLIS, IN, 46285
NTEE Category
Code: Y40 - Mutual benefit
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