Overview
What is Modern Drop Forge Co Employee Welfare Trust?
Modern Drop Forge Co Employee Welfare Trust is a nonprofit organization that primarily focuses on providing comprehensive benefits to full-time employees of Modern Drop Forge Company, LLC and its subsidiaries. These benefits include medical, hospital, surgical, major medical, prescription, and dental coverage, life insurance coverage, long-term disability benefits, and short-term disability benefits. The trust's mission is to ensure substantial coverage for regular employees of the sponsoring company, enhancing their overall well-being and financial security. It is headquartered at 8787 Colorado Street, Merrillville, IN, 46410.
Is Modern Drop Forge Co Employee Welfare Trust legitimate?
Modern Drop Forge Co Employee Welfare Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Modern Drop Forge Co Employee Welfare 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 Modern Drop Forge Co Employee Welfare Trust?
The Modern Drop Forge Co Employee Welfare Trust is dedicated to providing comprehensive health and disability benefits to full-time employees of Modern Drop Forge Company, LLC and its subsidiaries. This includes medical, hospital, surgical, major medical, prescription, and dental coverage, as well as life insurance, long-term, and short-term disability benefits. The mission of the trust is to substantially cover the health, dental, and disability needs of its sponsored company's regular employees.
What is the revenue of Modern Drop Forge Co Employee Welfare Trust?
Modern Drop Forge Co Employee Welfare Trust's revenue in 2023 was $7,620,695.
Who are the executives of Modern Drop Forge Co Employee Welfare Trust and what are their salaries?
Here are 2 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Modern Drop Forge Co Employee Welfare Trust?
Modern Drop Forge Co Employee Welfare Trust's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Modern Drop Forge Co Employee Welfare Trust
Modern Drop Forge Co Employee Welfare Trust is a dedicated entity that aims to offer comprehensive health, dental, and disability benefits to the full-time employees of Modern Drop Forge Company, LLC and its subsidiaries. This trust provides a robust set of benefits, including medical, hospital, surgical, major medical, prescription, and dental coverage. Furthermore, it offers life insurance coverage and both short-term and long-term disability benefits to ensure the financial security and well-being of its beneficiaries in case of unforeseen circumstances. The mission of Modern Drop Forge Co Employee Welfare Trust is to substantially cover the health, dental, and disability needs of a significant portion of the workforce associated with the sponsoring company, thereby demonstrating its commitment to the well-being and protection of its employees.
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Impact
October, 2024
Modern Drop Forge Co Employee Welfare Trust significantly enhances the well-being of full-time employees at Modern Drop Forge Company, LLC and its subsidiaries by offering a comprehensive range of benefits. These include health benefits covering medical, hospital, surgical, major medical, prescription, and dental services. Additionally, the Trust provides life insurance coverage, as well as long-term and short-term disability benefits.
By ensuring that employees have access to essential health services and financial protection during times of illness or injury, the Trust fosters a supportive work environment. This promotes not only employee health and morale but also contributes to greater job satisfaction and retention. Overall, the Trust plays a crucial role in safeguarding the welfare of its employees, reflecting a strong commitment to their well-being and security.
This information is meant to be a general summary of Modern Drop Forge Co Employee Welfare 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.
- Program Service Revenue: $7,620,227
- Gross Receipts: $7,752,227
Assets and Liabilities:
- Total Assets: $1,111,132
- Total Liabilities: $1,859,387
- Net Assets: -$748,255
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTIONS
Revenue
$5,704,321
PARTICIPANT CONTRIBUTI
Revenue
$1,915,906
Organization Details
Founding Year
1993
Principal Officer
Loren Kemp
NTEE Category
Code: Y40 - Mutual benefit
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