Overview
What is Hyatt Hotels Corporation Welfare Benefit Trust?
The Hyatt Hotels Corporation Welfare Benefit Trust is a nonprofit organization based in Chicago, Illinois, specifically at PO Box 804358. It offers a range of health benefits, including medical, dental, prescription, and vision coverage, to eligible full-time employees and their dependents of Hyatt Corporation and its affiliates and subsidiaries. The Trust adheres to the Employee Retirement Income Security Act of 1974 (ERISA), ensuring the protection and security of the benefits provided. Overall, the Trust serves to enhance the wellbeing of its members by providing essential health benefits.
Is Hyatt Hotels Corporation Welfare Benefit Trust legitimate?
Hyatt Hotels Corporation Welfare Benefit Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Hyatt Hotels Corporation 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: $27,721
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Hyatt Hotels Corporation Welfare Benefit Trust?
The Hyatt Hotels Corporation Welfare Benefit Trust offers medical, dental, prescription, and vision benefits to eligible regular full-time employees and their dependents. The mission of this trust is to provide essential health benefits, as defined, to the employees and their dependents of Hyatt Corporation and its affiliates and subsidiaries. This trust adheres to the Employee Retirement Income Security Act of 1974 (ERISA), ensuring the protection and security of these benefits. By offering these benefits, the trust aims to support the well-being and overall health of its beneficiaries, demonstrating a commitment to the workforce and their families.
Who is the CEO of Hyatt Hotels Corporation Welfare Benefit Trust?
Unavailable
What is the revenue of Hyatt Hotels Corporation Welfare Benefit Trust?
Hyatt Hotels Corporation Welfare Benefit Trust's revenue in 2022 was $149,170,432.
Who are the executives of Hyatt Hotels Corporation Welfare Benefit Trust and what are their salaries?
There 4 volunteers at Hyatt Hotels Corporation Welfare Benefit Trust.
There is 1 key member and their salary:
- Compensation: $27,721
- Related: $0
- Other: $0
Where can I find the form 990 for Hyatt Hotels Corporation Welfare Benefit Trust?
Hyatt Hotels Corporation Welfare Benefit Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Hyatt Hotels Corporation Welfare Benefit Trust
The Hyatt Hotels Corporation Welfare Benefit Trust is a vital initiative that offers medical, dental, prescription, and vision benefits to eligible regular full-time employees and their dependents of Hyatt Corporation and its affiliates and subsidiaries. This trust ensures the well-being of a substantial workforce by extending essential healthcare coverage. The organization's mission is to provide comprehensive health benefits, enabling the employees to maintain their overall health and well-being.
The Hyatt Hotels Corporation Welfare Benefit Trust functions under the Employee Retirement Income Security Act of 1974 (ERISA), safeguarding the interests of the beneficiaries. The trust's primary role is to make a significant difference in the lives of those it serves by offering a comprehensive, high-quality benefits package. The coverage extends to regular full-time employees and their dependents, as defined by the trust, ensuring that they have access to critical healthcare services when they need them most. The trust's dedication to the well-being of its beneficiaries is an integral component of Hyatt Corporation's commitment to its employees and their families.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Hyatt Hotels Corporation Welfare Benefit Trust plays a crucial role in enhancing the well-being of eligible regular full-time employees and their dependents by providing essential health benefits. This includes medical, dental, prescription, and vision coverage, which significantly contributes to the overall quality of life for employees, helping them to manage healthcare costs effectively.
By ensuring access to comprehensive health benefits, the Trust supports employee retention and satisfaction, enabling Hyatt to attract and maintain a dedicated workforce. The benefits offered under the plan are essential for promoting employee health, reducing absenteeism, and improving productivity, which in turn contributes to the company's operational success.
Additionally, adherence to the Employee Retirement Income Security Act of 1974 (ERISA) reinforces the Trust’s commitment to transparency and compliance, further instilling confidence among employees regarding their healthcare coverage. Overall, the Hyatt Hotels Corporation Welfare Benefit Trust serves as a vital resource in fostering a supportive work environment that prioritizes the health and welfare of its employees and their families.
This information is meant to be a general summary of Hyatt Hotels Corporation 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: $108,672
- Program Service Revenue: $149,035,769
- Gross Receipts: $149,170,432
Assets and Liabilities:
- Total Assets: $6,611,924
- Total Liabilities: $0
- Net Assets: $6,611,924
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SPONSORS CONTRIBUTION
Revenue
$148,004,724
PARTICIPANT CONTRIBUTION
Revenue
$1,031,045
Organization Details
Founding Year
1995
Phone
(312) 750-5588Main Address
PO Box 804358, Chicago, IL, 60680
NTEE Category
Code: Y40 - Mutual benefit
If you are a representative of Hyatt Hotels Corporation Welfare Benefit Trust and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.