Overview
What is Northwestern University Master Welfare Benefit Trust?
Northwestern University Master Welfare Benefit Trust is a nonprofit organization that offers health insurance benefits to eligible employees and their dependents of the university. The Trust's primary mission is to provide medical coverage for present, separated, and retired university staff. By doing so, it ensures that a wide range of individuals have access to essential healthcare services. The Trust's activities are focused on delivering these benefits, as described in their mission statement and activity description.
Is Northwestern University Master Welfare Benefit Trust legitimate?
Northwestern University Master Welfare Benefit Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Northwestern University Master Welfare Benefit 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: $39,366
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Northwestern University Master Welfare Benefit Trust?
The Northwestern University Master Welfare Benefit Trust is dedicated to extending medical benefits to eligible employees and their dependents of the university. Their primary mission is to ensure those who have worked for the institution, both presently and in the past, have access to essential health insurance coverage. By offering this service, the Trust aims to promote well-being and peace of mind for its members. The organization's focus is on providing comprehensive health care solutions, enabling employees to maintain their wellness throughout their professional journey with the university.
Who is the CEO of Northwestern University Master Welfare Benefit Trust?
The Northern Trust Compan is the Principal Officer of Northwestern University Master Welfare Benefit Trust.
What is the revenue of Northwestern University Master Welfare Benefit Trust?
Northwestern University Master Welfare Benefit Trust's revenue in 2022 was $127,161,870.
Who are the executives of Northwestern University Master Welfare Benefit Trust and what are their salaries?
There is 1 key member and their salary:
- Compensation: $39,366
- Related: $0
- Other: $0
Where can I find the form 990 for Northwestern University Master Welfare Benefit Trust?
Northwestern University Master Welfare Benefit Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Northwestern University Master Welfare Benefit Trust
Northwestern University Master Welfare Benefit Trust, also known as NU Master Welfare Benefit Trust, is a mission-driven organization committed to extending medical benefits to eligible members of the Northwestern University community. In simpler terms, this trust serves to provide health insurance coverage for current, retired, and separated employees of the university, as well as their qualified dependents.
Established with a clear objective, the NU Master Welfare Benefit Trust strives to ensure that the university family remains healthy and protected. By offering health insurance benefits, the Trust plays a vital role in enhancing the overall well-being of the Northwestern University community. With a strong emphasis on inclusivity, the Trust extends its reach to individuals who have dedicated their professional lives to the University and their family members. The Trust's dedication to the Northwestern University community is unwavering, providing essential health coverage through its extensive network and resources.
The NU Master Welfare Benefit Trust's mission is twofold. On one hand, it focuses on offering medical benefits to the university's present employees, providing them with peace of mind and the necessary resources to maintain their health. On the other hand, the Trust ensures that retired and separated employees, as well as their dependents, continue to enjoy the same level of health coverage they received while actively employed. This comprehensive approach to healthcare benefits not only demonstrates the Trust's commitment to its members but also sets it apart as a vital part of the Northwestern University community.
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Impact
October, 2024
The Northwestern University Master Welfare Benefit Trust significantly impacts the health and well-being of eligible employees, retirees, and their dependents affiliated with the university. By providing comprehensive medical benefits, it ensures that these individuals have access to essential health services, which can greatly enhance their quality of life.
This trust addresses the unique needs of present, separated, and retired employees, fostering a supportive environment that acknowledges their contributions to the institution. By facilitating health insurance coverage, it alleviates the financial burden of medical expenses, allowing participants to focus on their personal and professional pursuits without the stress of healthcare costs.
Furthermore, the trust strengthens the university community by promoting health and wellness among its members. As a result, it contributes to higher employee satisfaction and retention, ultimately benefiting the university as a whole. The impact of the trust is far-reaching, establishing a framework of mutual benefit that supports both current and former members of the university, along with their families.
This information is meant to be a general summary of Northwestern University Master Welfare Benefit 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: $2,224,709
- Program Service Revenue: $124,937,161
- Gross Receipts: $127,161,870
Assets and Liabilities:
- Total Assets: $3,635,439
- Total Liabilities: $0
- Net Assets: $3,635,439
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SPONSOR CONTRIBUTIONS
Revenue
$83,888,801
EMPLOYEE CONTRIBUTIONS
Revenue
$34,391,326
REBATES
Revenue
$6,617,538
BENEFIT RECOVERY
Revenue
$39,496
Organization Details
Founding Year
1981
Phone
(847) 491-8588Principal Officer
The Northern Trust Compan
Main Address
CO THE NORTHERN TRUST COMPANY, CHICAGO, IL, 60680
NTEE Category
Code: Y40 - Mutual benefit
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