Overview
What is Ww Grainger Inc Group Benefit Trust Iii?
Ww Grainger Inc Group Benefit Trust Iii is a nonprofit organization, as classified under IRC Section 501(c)(9), with its headquarters located in Lake Forest, Illinois. Its primary purpose is to offer long-term disability and optional life insurance benefits to approximately 7,200 participating employees. The organization's mission is centered around providing financial security and peace of mind during challenging times by offering these essential benefits.
Is Ww Grainger Inc Group Benefit Trust Iii legitimate?
Ww Grainger Inc Group Benefit Trust Iii is a legitimate nonprofit organization registered as a 501(c)(9) entity. Ww Grainger Inc Group Benefit Trust Iii 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 Ww Grainger Inc Group Benefit Trust Iii?
The mission of Ww Grainger Inc Group Benefit Trust Iii, as an IRC Section 501(C)(9) organization, is primarily focused on providing long-term disability and optional life insurance benefits to its participating employees. Approximately 7,200 employees take part in this program, which is the organization's primary objective and long-term goal. This trust aims to provide a safety net for its employees during challenging times, offering financial assistance and peace of mind through its insurance benefits.
Who is the CEO of Ww Grainger Inc Group Benefit Trust Iii?
Jay Feece is the Trustee of Ww Grainger Inc Group Benefit Trust Iii.
What is the revenue of Ww Grainger Inc Group Benefit Trust Iii?
Ww Grainger Inc Group Benefit Trust Iii's revenue in 2022 was $5,805,316.
Who are the executives of Ww Grainger Inc Group Benefit Trust Iii and what are their salaries?
Here are 5 key members and their salaries:
- Compensation: $0
- Related: $874,610
- Other: $29,299
- Compensation: $0
- Related: $772,091
- Other: $29,091
- Compensation: $0
- Related: $720,005
- Other: $19,562
- Compensation: $0
- Related: $282,155
- Other: $24,268
- Compensation: $0
- Related: $232,477
- Other: $18,592
Where can I find the form 990 for Ww Grainger Inc Group Benefit Trust Iii?
Ww Grainger Inc Group Benefit Trust Iii's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Ww Grainger Inc Group Benefit Trust Iii
Ww Grainger Inc Group Benefit Trust III is an organization with a mission focused on providing long-term disability and optional life insurance benefits to its participating employees. With approximately 7,200 employees taking part in this program, the organization's primary goal is to offer a sense of security and financial support during challenging times. This IRC Section 501(C)(9) organization strives to contribute to the well-being of its employees by providing these beneficial insurance packages, thereby demonstrating its commitment to its workforce's overall wellness and stability.
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Impact
October, 2024
Ww Grainger Inc Group Benefit Trust III plays a crucial role in enhancing the financial security of approximately 7,200 employees by providing long-term disability and optional life insurance benefits. This program is essential for participants, as it mitigates the financial impact of unexpected life events, such as serious illness or death. By ensuring that employees have access to these benefits, the organization fosters a supportive work environment that contributes to overall employee well-being and retention.
The mission of the trust is centered around the idea of mutual benefit, creating a safety net for employees and their families during challenging times. This commitment not only helps in safeguarding their financial future but also promotes a sense of security and loyalty within the workforce. By prioritizing the health and security of its employees, Ww Grainger Inc Group Benefit Trust III ultimately enhances the organization's reputation and stability, which can lead to improved employee satisfaction and productivity.
This information is meant to be a general summary of Ww Grainger Inc Group Benefit Trust Iii. 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: $24,655
- Program Service Revenue: $5,780,661
- Gross Receipts: $5,805,316
Assets and Liabilities:
- Total Assets: $1,744,485
- Total Liabilities: $0
- Net Assets: $1,744,485
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PARTICIPANT CONTRIBUTIONS
Revenue
$5,780,661
Organization Details
Founding Year
1981
Phone
(847) 535-1096Principal Officer
Jay Feece
Main Address
100 GRAINGER PARKWAY, LAKE FOREST, IL, 600455201
NTEE Category
Code: Y40 - Mutual benefit
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