Yetter Manufacturing Co Inc Employee Benefits Trust

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 363303000 ✦ Colchester, IL ✦ Designated as a 501(c)(9)

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Overview

What is Yetter Manufacturing Co Inc Employee Benefits Trust?

Yetter Manufacturing Co Inc Employee Benefits Trust is a nonprofit organization situated in Colchester, Illinois. Its primary mission is to offer comprehensive medical, dental, disability, and life insurance benefits to 169 employees of Yetter Manufacturing Co., Inc., along with their dependents. This trust aims to provide these benefits to substantially all full-time employees of Yetter Manufacturing Co., Inc., ensuring their overall well-being and financial security.

Is Yetter Manufacturing Co Inc Employee Benefits Trust legitimate?

Yetter Manufacturing Co Inc Employee Benefits Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Yetter Manufacturing Co Inc Employee 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: $1,926
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of Yetter Manufacturing Co Inc Employee Benefits Trust?

The Yetter Manufacturing Co Inc Employee Benefits Trust is committed to providing medical, dental, disability, and life insurance benefits. This mission is extended to substantially all full-time employees of Yetter Manufacturing Co., Inc. and their dependents. The trust has successfully delivered these benefits to 169 participants from the company. The primary objective of the trust is to ensure the well-being and protection of its beneficiaries, providing them with essential insurance coverage during various life circumstances.

Who is the CEO of Yetter Manufacturing Co Inc Employee Benefits Trust?

Bernard Whalen is the Plan Administrator of Yetter Manufacturing Co Inc Employee Benefits Trust.

What is the revenue of Yetter Manufacturing Co Inc Employee Benefits Trust?

Yetter Manufacturing Co Inc Employee Benefits Trust's revenue in 2022 was $2,048,413.

Who are the executives of Yetter Manufacturing Co Inc Employee Benefits Trust and what are their salaries?


Here are 2 key members and their salaries:


Bernard Whalen (Plan Administrator)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mid America National Bank (Trustee)
  • Compensation: $1,926
  • Related: $0
  • Other: $0
Where can I find the form 990 for Yetter Manufacturing Co Inc Employee Benefits Trust?

Yetter Manufacturing Co Inc Employee Benefits Trust's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Yetter Manufacturing Co Inc Employee Benefits Trust

Yetter Manufacturing Co Inc Employee Benefits Trust is an organization committed to providing essential insurance benefits to its employees. Its mission, in simpler terms, is to ensure the well-being of its full-time employees and their dependents by offering medical, dental, disability, and life insurance coverage. This trust strives to extend these benefits to a substantial number of individuals, totaling 169 participants, within Yetter Manufacturing Co., Inc. This initiative serves as a testament to the company's dedication to the well-being and security of its workforce, providing them with peace of mind in times of medical necessities, dental procedures, disability, or unforeseen events.

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Impact




October, 2024

Yetter Manufacturing Co Inc Employee Benefits Trust plays a vital role in supporting the well-being of employees and their families by offering a comprehensive package of medical, dental, disability, and life insurance benefits. By providing these essential services to 169 participants and their dependents, the Trust significantly enhances the health and financial security of full-time employees at Yetter Manufacturing Co., Inc. This commitment to employee welfare fosters a more engaged and productive workforce, ultimately contributing to the overall success and morale of the company. The Trust's mission not only ensures access to necessary health services but also promotes peace of mind for employees, knowing that they and their families are protected against unexpected health-related expenses.




This information is meant to be a general summary of Yetter Manufacturing Co Inc Employee 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.

Revenue
$2,048,413 (2022)
Expenses
$2,521,359 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $24
  • Program Service Revenue: $2,048,389
  • Gross Receipts: $2,048,413

Assets and Liabilities:

  • Total Assets: $126,690
  • Total Liabilities: $0
  • Net Assets: $126,690

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

EMPLOYER CONTRIBUTIONS

Revenue

$1,975,000

PARTICPANT CONTRIBUTIO

Revenue

$73,389

Organization Details

Founding Year

1984

Principal Officer

Bernard Whalen

Main Address

PO BOX 358, COLCHESTER, IL, 62326

NTEE Category

Code: Y40 - Mutual benefit

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