Overview
What is Kone Inc Health Benefit & Trust Agreement?
The Kone Inc Health Benefit & Trust Agreement is a nonprofit organization that focuses on providing diverse health benefits for both the current and retired employees within its community. By offering these health advantages, the nonprofit strives to ensure the well-being and overall health of its workforce.
Is Kone Inc Health Benefit & Trust Agreement legitimate?
Kone Inc Health Benefit & Trust Agreement is a legitimate nonprofit organization registered as a 501(c)(9) entity. Kone Inc Health Benefit & Trust Agreement 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 Kone Inc Health Benefit & Trust Agreement?
This nonprofit organization is dedicated to providing various types of health benefits for both current and retired employees. Their mission is centered around ensuring the wellbeing of their workforce, offering essential health services and support. The organization's activities focus on delivering comprehensive health solutions, striving to improve the overall health and quality of life for those they serve. Their commitment extends beyond the current employee base, as they also cater to the health needs of their retired staff. Through their programs and initiatives, they aim to make a significant positive impact on the lives of their beneficiaries.
Who is the CEO of Kone Inc Health Benefit & Trust Agreement?
Krishnamurthy Rangarajan is the Principal Officer of Kone Inc Health Benefit & Trust Agreement.
What is the revenue of Kone Inc Health Benefit & Trust Agreement?
Kone Inc Health Benefit & Trust Agreement's revenue in 2020 was $17,815,569.
Who are the executives of Kone Inc Health Benefit & Trust Agreement and what are their salaries?
There is 1 key member and their salary:
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Kone Inc Health Benefit & Trust Agreement?
Kone Inc Health Benefit & Trust Agreement's most recent form 990 was submitted in 2020 and can be accessed here.
Mission Statement of Kone Inc Health Benefit & Trust Agreement
Kone Inc Health Benefit & Trust Agreement, a former nonprofit organization, was dedicated to providing various types of health benefits for both current and retired employees. In simpler terms, this nonprofit aimed to ensure the wellbeing of its workforce, both present and past, by offering a range of health-related services and benefits.
Through its mission, Kone Inc Health Benefit & Trust Agreement sought to make a positive impact on the lives of its employees. By providing health benefits, the organization aimed to improve the overall health and wellbeing of its employees, enabling them to lead healthier and more productive lives. This mission extended beyond the present, as the organization also offered benefits to retired employees, ensuring they continued to receive essential healthcare services even after leaving the workforce.
The specifics of the benefits offered by Kone Inc Health Benefit & Trust Agreement are not provided in the given information. However, it can be inferred that the organization offered a diverse array of health benefits to cater to the various needs of its employees. These benefits likely included both preventative and curative measures, ensuring the holistic health of the individuals the organization served.
Though the Kone Inc Health Benefit & Trust Agreement is no longer active, its mission remains an important reminder of the role that organizations can play in promoting the health and wellbeing of their employees. By offering health benefits, these organizations can not only improve the lives of their workforce but also foster a more productive and engaged workforce.
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Impact
October, 2024
The Kone Inc Health Benefit & Trust Agreement primarily impacts current and retired employees by providing a range of health benefits designed to support their well-being. This arrangement contributes to the overall health security of participants, helping to ensure access to necessary medical services and support.
With the trust agreement being focused on health benefits, it plays a critical role in enhancing the quality of life for employees, as well as providing peace of mind regarding healthcare costs. By offering these benefits, the agreement helps to promote employee retention and satisfaction, as individuals are more likely to remain with an organization that invests in their health.
The termination of the agreement limits these health benefit provisions, potentially affecting the ability of former and current employees to access essential medical care, which can lead to increased financial strain for some individuals. Without the support of such a trust, employees may face challenges in managing healthcare expenses and securing necessary medical treatments, ultimately impacting their overall health and productivity.
This information is meant to be a general summary of Kone Inc Health Benefit & Trust Agreement. 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 2020.
- Investment Income: $405,246
- Program Service Revenue: $17,410,323
- Gross Receipts: $17,815,569
Assets and Liabilities:
- Total Assets: $0
- Total Liabilities: $0
- Net Assets: $0
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
HEALTHCARE BENEFITS
Revenue
$17,410,323
Organization Details
Founding Year
1989
Phone
(630) 955-4500Principal Officer
Krishnamurthy Rangarajan
Main Address
ONE KONE COURT, MOLINE, IL, 61265
NTEE Category
Code: Y40 - Mutual benefit
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