Overview
What is Federal Express Corporation Welfare Benefits Trust?
The Federal Express Corporation Welfare Benefits Trust, based in Collierville, Tennessee, serves as a trust that provides disability payments to eligible employees of Federal Express Corporation. Established with the primary purpose of accomplishing this mission, the Trust offers both short-term and long-term disability benefits. The Trust's operations are located at 70 FedEx Parkway 2nd Floor Vertical in Collierville, Tennessee, with a ZIP code of 38017.
Is Federal Express Corporation Welfare Benefits Trust legitimate?
Federal Express Corporation Welfare Benefits Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Federal Express Corporation Welfare Benefits 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: $435
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Federal Express Corporation Welfare Benefits Trust?
The Federal Express Corporation Welfare Benefits Trust serves the important role of providing disability payments to eligible employees. This trust is dedicated to supporting individuals in their time of need, offering both short-term and long-term financial assistance. By accomplishing its primary exempt purpose, this trust significantly contributes to the well-being and peace of mind of its beneficiaries. The trust's mission is centered around providing essential financial assistance, ensuring a degree of financial stability during difficult times. This commitment to helping employees in need is a testament to the organization's compassionate and caring nature.
Who is the CEO of Federal Express Corporation Welfare Benefits Trust?
David Salerno is the Institutional Trustee of Federal Express Corporation Welfare Benefits Trust.
What is the revenue of Federal Express Corporation Welfare Benefits Trust?
Federal Express Corporation Welfare Benefits Trust's revenue in 2022 was $82,936,752.
Who are the executives of Federal Express Corporation Welfare Benefits Trust and what are their salaries?
There is 1 key member and their salary:
- Compensation: $435
- Related: $0
- Other: $0
Where can I find the form 990 for Federal Express Corporation Welfare Benefits Trust?
Federal Express Corporation Welfare Benefits Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Federal Express Corporation Welfare Benefits Trust
The Federal Express Corporation Welfare Benefits Trust is a charitable trust dedicated to providing disability payments to eligible employees. This trust, a mission-driven organization, focuses on offering financial assistance to employees who face short-term and long-term disabilities. By doing so, it aims to ease their financial burdens during challenging times and help them focus on their recovery.
In detail, the Federal Express Corporation Welfare Benefits Trust is committed to fulfilling its primary purpose through expenses related to disability payments. By offering these benefits, the Trust demonstrates its dedication to the wellbeing of its employees and their families. This commitment not only helps alleviate the financial stress that comes with a disability but also enables individuals to focus on their recovery, ultimately improving their overall quality of life.
The Federal Express Corporation Welfare Benefits Trust plays a significant role in providing essential support to its employees during their times of need. By offering short-term and long-term disability payments, the Trust fosters a sense of security and stability, ensuring that those who are unable to work due to injury or illness can still provide for themselves and their loved ones. This assistance not only helps employees maintain their financial footing but also allows them to focus on their recovery and eventual return to work.
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Impact
October, 2024
Federal Express Corporation Welfare Benefits Trust plays a significant role in supporting the financial well-being of employees through the provision of short and long-term disability payments. By offering these benefits, the trust ensures that eligible employees receive much-needed assistance during periods when they are unable to work due to health-related issues. This support not only alleviates immediate financial stress but also helps maintain employee morale and retention by demonstrating a commitment to their welfare.
With its operations centered in Collierville, TN, the trust focuses on fulfilling its primary mission of providing disability payments, thereby enhancing the overall stability and security of the workforce. The expenses incurred in carrying out these benefits are directed towards achieving the trust's core objectives, further solidifying its impact on the lives of employees and their families. Overall, the Federal Express Corporation Welfare Benefits Trust is integral in fostering a supportive work environment and promoting the long-term well-being of its employees.
This information is meant to be a general summary of Federal Express Corporation Welfare Benefits 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: $728
- Program Service Revenue: $82,139,232
- Gross Receipts: $82,936,752
Assets and Liabilities:
- Total Assets: $1,372,581
- Total Liabilities: $2,408,868
- Net Assets: -$1,036,287
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SPONSOR CONTRIBUTIONS
Revenue
$82,139,232
Organization Details
Founding Year
1978
Phone
(617) 662-2133Principal Officer
David Salerno
Main Address
70 FEDEX PARKWAY 2ND FLOOR VERTICAL, COLLIERVILLE, TN, 38017
NTEE Category
Code: Y40 - Mutual benefit
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