Overview
What is University Of Chicago Retiree Medical Trust?
The University of Chicago Retiree Medical Trust is a nonprofit organization situated in Chicago, Illinois, specifically at 6054 S Drexel Avenue. Its primary objective is to support and benefit the University of Chicago, a 501(C)(3) exempt organization, by offering medical reimbursements for the university's retired former employees. In the fiscal year 2022, the trust's only activity involved paying investment fees, and it did not make any disbursements during this period. The trust's purpose is to provide medical coverage to retired employees, contributing to their well-being and overall support.
Is University Of Chicago Retiree Medical Trust legitimate?
University Of Chicago Retiree Medical Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. University Of Chicago Retiree Medical 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of University Of Chicago Retiree Medical Trust?
The University of Chicago Retiree Medical Trust is established with the primary objective of supporting and benefiting the University of Chicago, a 501(C)(3) exempt organization. Its mission is to provide medical reimbursement on behalf of the university's retired former employees. In essence, the trust serves to alleviate healthcare costs for retired employees of the University of Chicago. However, as per the provided data for the fiscal year 2022, the trust did not make any disbursements, and its only expenses were investment fees paid.
What is the revenue of University Of Chicago Retiree Medical Trust?
University Of Chicago Retiree Medical Trust's revenue in 2023 was $1,522,655.
Who are the executives of University Of Chicago Retiree Medical Trust and what are their salaries?
There is 1 key member and their salary:
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for University Of Chicago Retiree Medical Trust?
University Of Chicago Retiree Medical Trust's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of University Of Chicago Retiree Medical Trust
The University of Chicago Retiree Medical Trust is a nonprofit organization with a mission to support and benefit its affiliated 501(c)(3) entity, the University of Chicago. Specifically, this trust aims to provide medical reimbursements for the university's retired former employees. In essence, the University of Chicago Retiree Medical Trust serves as a financial safety net, ensuring that its retired employees can access necessary medical care. In the fiscal year 2022, the trust incurred expenses primarily in the form of investment fees, yet it did not make any disbursements during this period. Despite not making any disbursements, the trust's fundamental purpose remains to support the medical needs of the university's retired former employees.
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
The University of Chicago Retiree Medical Trust plays a crucial role in supporting the financial well-being of the university's retired employees by providing medical reimbursement. This trust is instrumental in ensuring that former employees have access to healthcare benefits, which can be a significant concern post-retirement. By focusing on medical reimbursements, the trust helps alleviate the financial burden associated with healthcare costs, contributing to the overall welfare of retirees who have dedicated their careers to the university.
While this particular trust did not make any disbursements in FY2022, its primary mission remains vital, as it is designed to support the ongoing health and financial security of retirees from the University of Chicago. The trust's existence reflects a commitment to mutual benefit, showcasing the university's dedication to those who have served it over the years. Moreover, the investment strategy employed helps to ensure that the trust's funds are managed effectively, allowing for potential future distributions that can significantly impact retirees' quality of life. In summary, the University of Chicago Retiree Medical Trust is a foundational element in providing healthcare support for the university's retired workforce.
This information is meant to be a general summary of University Of Chicago Retiree Medical 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 2023.
- Investment Income: $1,447,609
- Gross Receipts: $1,522,655
Assets and Liabilities:
- Total Assets: $98,808,264
- Total Liabilities: $0
- Net Assets: $98,808,264
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.
FUNDING OF TRUST
Revenue
$0
Organization Details
Founding Year
1995
NTEE Category
Code: Y20 - Mutual benefit
If you are a representative of University Of Chicago Retiree Medical 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.