Overview
What is Mcmaster-Carr Supply Co Employees' Welfare Trust?
Mcmaster-Carr Supply Co Employees' Welfare Trust is a charitable organization based in Elmhurst, Illinois. Its primary mission is to fulfill the health insurance obligations of McMaster-Carr Supply Company. The trust provides essential health, term life insurance, and long-term disability benefits to eligible employees and retirees of McMaster-Carr Supply Company. This nonprofit organization plays a crucial role in ensuring the well-being and financial security of the company's workforce.
Is Mcmaster-Carr Supply Co Employees' Welfare Trust legitimate?
Mcmaster-Carr Supply Co Employees' Welfare Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Mcmaster-Carr Supply Co Employees' Welfare 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:
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Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Mcmaster-Carr Supply Co Employees' Welfare Trust?
The Mcmaster-Carr Supply Co Employees' Welfare Trust is dedicated to providing essential insurance benefits to eligible employees and retirees of Mcmaster-Carr Supply Company. Its primary mission is to fund health insurance obligations for the company. The trust aims to ensure that employees have access to critical insurance coverage, including health insurance, term life insurance, and long-term disability benefits. By doing so, the trust plays a vital role in supporting the overall well-being and financial security of Mcmaster-Carr Supply Company's workforce.
Who is the CEO of Mcmaster-Carr Supply Co Employees' Welfare Trust?
Seth Epstein is the Trustee of Mcmaster-Carr Supply Co Employees' Welfare Trust.
What is the revenue of Mcmaster-Carr Supply Co Employees' Welfare Trust?
Mcmaster-Carr Supply Co Employees' Welfare Trust's revenue in 2022 was $132,061,679.
Who are the executives of Mcmaster-Carr Supply Co Employees' Welfare Trust and what are their salaries?
Here are 4 key members and their salaries:
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Where can I find the form 990 for Mcmaster-Carr Supply Co Employees' Welfare Trust?
Mcmaster-Carr Supply Co Employees' Welfare Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Mcmaster-Carr Supply Co Employees' Welfare Trust
McMaster-Carr Supply Co Employees' Welfare Trust, a crucial organization, is dedicated to ensuring the health and well-being of eligible employees and retirees of McMaster-Carr Supply Company. By providing health insurance, term life insurance, and long-term disability benefits, this trust plays a vital role in fulfilling the company's obligations in this area.
The mission of McMaster-Carr Supply Co Employees' Welfare Trust is twofold. First and foremost, it is committed to funding the health insurance needs of McMaster-Carr Supply Company. This commitment is essential for the financial security and peace of mind of the company's workforce. By assuming this responsibility, the Trust allows McMaster-Carr Supply Company to focus on its core business operations.
Second, McMaster-Carr Supply Co Employees' Welfare Trust serves as a safety net for employees and retirees, offering them essential benefits and protections. These benefits not only provide financial security but also contribute to the overall health and well-being of the individuals involved. By offering health insurance, term life insurance, and long-term disability benefits, the Trust helps to alleviate the burden of these costs and provides a sense of security for those who depend on the company for their livelihood.
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Impact
October, 2024
Mcmaster-Carr Supply Co Employees' Welfare Trust plays a crucial role in ensuring the well-being of eligible employees and retirees of McMaster-Carr Supply Company by providing essential health insurance, term life insurance, and long-term disability benefits. This support not only enhances the financial security of its members but also fosters a sense of stability and peace of mind.
By fulfilling health insurance obligations, the Trust helps mitigate the challenges associated with medical expenses, encouraging employees to prioritize their health and well-being. This commitment to employee welfare can contribute to higher job satisfaction and retention rates, fostering a positive workplace culture.
Additionally, the provision of term life insurance ensures that families are supported during difficult times, while long-term disability benefits protect employees from financial hardship caused by unexpected health issues. Overall, the Trust's impact extends beyond mere financial assistance, enhancing the quality of life for employees and their families while reinforcing McMaster-Carr Supply Company's commitment to its workforce.
This information is meant to be a general summary of Mcmaster-Carr Supply Co Employees' Welfare 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: $41,601,191
- Program Service Revenue: $90,460,488
- Gross Receipts: $311,781,271
Assets and Liabilities:
- Total Assets: $385,849,249
- Total Liabilities: $10,889,084
- Net Assets: $374,960,165
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
BENEFITS
Revenue
$84,879,964
PHARMACY REBATES
Revenue
$5,580,524
Organization Details
Founding Year
1995
Phone
(630) 782-3872Principal Officer
Seth Epstein
Main Address
PO BOX 680, ELMHURST, IL, 60126
NTEE Category
Code: Y40 - Mutual benefit
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