Overview
What is Group Welfare Trust For Employees Of Sauber Manufacturing Company?
The Group Welfare Trust for Employees of Sauber Manufacturing Company is a nonprofit organization, specifically established to provide welfare benefits to the employees of Sauber Manufacturing and their eligible dependents. Located in Virgil, Illinois, this trust offers a range of benefits, including medical, dental, and hospital coverage. The primary mission of this trust is to enhance the well-being of its beneficiaries by offering essential healthcare services. The trust aims to support the employees of Sauber Manufacturing Company in maintaining their health and overall quality of life.
Is Group Welfare Trust For Employees Of Sauber Manufacturing Company legitimate?
Group Welfare Trust For Employees Of Sauber Manufacturing Company is a legitimate nonprofit organization registered as a 501(c)(9) entity. Group Welfare Trust For Employees Of Sauber Manufacturing Company 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 Group Welfare Trust For Employees Of Sauber Manufacturing Company?
The Group Welfare Trust for Employees of Sauber Manufacturing Company is committed to providing welfare benefits to its employees and their eligible dependents. This encompasses offering hospital, dental, and medical benefits to enhance their overall well-being. The trust's main objective is to ensure that the employees of Sauber Manufacturing Company can access these benefits when needed, ultimately contributing to their health and financial security. The trust is responsible for processing medical claims and insurance payments for the company's employees.
Who is the CEO of Group Welfare Trust For Employees Of Sauber Manufacturing Company?
Aj Hofer is the Trustee of Group Welfare Trust For Employees Of Sauber Manufacturing Company.
What is the revenue of Group Welfare Trust For Employees Of Sauber Manufacturing Company?
Group Welfare Trust For Employees Of Sauber Manufacturing Company's revenue in 2022 was $1,058,936.
Who are the executives of Group Welfare Trust For Employees Of Sauber Manufacturing Company and what are their salaries?
Here are 2 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Group Welfare Trust For Employees Of Sauber Manufacturing Company?
Group Welfare Trust For Employees Of Sauber Manufacturing Company's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Group Welfare Trust For Employees Of Sauber Manufacturing Company
The Group Welfare Trust for Employees of Sauber Manufacturing Company is dedicated to extending welfare benefits to the employees of Sauber Manufacturing and their eligible dependents. This nonprofit organization's primary mission is to offer a range of benefits, including medical, dental, and hospital coverage, ensuring the well-being of its beneficiaries. By providing these benefits, the Group Welfare Trust aims to support the employees of Sauber Manufacturing Company during times of medical need. The organization manages medical claims and insurance payments on behalf of the employees, ensuring they have access to essential healthcare services when required.
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Impact
October, 2024
The Group Welfare Trust for Employees of Sauber Manufacturing Company significantly enhances the well-being of its workforce by providing essential welfare benefits. It ensures that employees and their eligible dependents have access to crucial medical support, including hospital, dental, and other medical benefits. This support alleviates financial burdens associated with healthcare expenses, fostering a healthier and more secure environment for employees.
By addressing medical claims and insurance needs, the Trust not only aids in maintaining the physical health of employees but also contributes to their overall job satisfaction and morale. A well-supported workforce is more likely to be engaged and productive, which ultimately benefits the company’s performance and culture. Additionally, by prioritizing the welfare of employees, the Trust strengthens the bond between the company and its workforce, promoting loyalty and enhancing retention rates. This creates a positive work atmosphere that can lead to improved collaboration and innovation within Sauber Manufacturing.
This information is meant to be a general summary of Group Welfare Trust For Employees Of Sauber Manufacturing Company. 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.
- Program Service Revenue: $1,058,936
- Gross Receipts: $1,058,936
Assets and Liabilities:
- Total Assets: $247,642
- Total Liabilities: $0
- Net Assets: $247,642
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONTRIBUTIONS
Revenue
$888,353
REINSURANCE PAYMENTS
Revenue
$158,849
COBRA PAYMENTS
Revenue
$11,734
Organization Details
Founding Year
1968
Phone
(630) 365-6600Principal Officer
Aj Hofer
Main Address
10 N SAUBER RD, VIRGIL, IL, 60151
NTEE Category
Code: Y40 - Mutual benefit
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