Overview
What is Oneok Inc Employees Retiree Medical Benefit Trust?
The Oneok Inc Employees Retiree Medical Benefit Trust serves as a financial mechanism for the payment of medical benefits to certain retired employees and their dependents, as specified by the plan sponsor. This trust is a vital resource, ensuring continued healthcare coverage for retired workers of Oneok Inc, contributing significantly to their post-employment well-being.
Is Oneok Inc Employees Retiree Medical Benefit Trust legitimate?
Oneok Inc Employees Retiree Medical Benefit Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Oneok Inc Employees Retiree Medical 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Oneok Inc Employees Retiree Medical Benefit Trust?
The Oneok Inc Employees Retiree Medical Benefit Trust serves as the funding mechanism for the plan sponsor to cover medical benefits for certain retired employees and their dependents. Its primary mission is to ensure the continuation of medical care for these individuals post-retirement. The trust plays a crucial role in facilitating the payment of these benefits, thus providing financial security and healthcare coverage for the eligible retirees and their families. By managing and allocating funds for medical benefits, the trust aims to alleviate the financial burden associated with healthcare costs during retirement. This enables retired employees to focus on their well-being and enjoy their post-career years with peace of mind.
Who is the CEO of Oneok Inc Employees Retiree Medical Benefit Trust?
Scott Melton is the Trustee of Oneok Inc Employees Retiree Medical Benefit Trust.
What is the revenue of Oneok Inc Employees Retiree Medical Benefit Trust?
Oneok Inc Employees Retiree Medical Benefit Trust's revenue in 2022 was $112,085.
Who are the executives of Oneok Inc Employees Retiree Medical Benefit Trust and what are their salaries?
There is 1 key member and their salary:
- Compensation: $21,729
- Related: $0
- Other: $0
Where can I find the form 990 for Oneok Inc Employees Retiree Medical Benefit Trust?
Oneok Inc Employees Retiree Medical Benefit Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Oneok Inc Employees Retiree Medical Benefit Trust
The Oneok Inc Employees Retiree Medical Benefit Trust serves as the funding mechanism for the plan sponsor to cover medical benefits for a select group of retired employees and their dependents. Its primary mission is to ensure the financial provision of necessary medical care for these individuals, enabling them to maintain their health and well-being in their post-employment years. The Trust acts as an intermediary, managing the resources required to meet these medical benefit obligations, thereby providing a crucial safety net for eligible retirees and their families.
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Impact
October, 2024
Oneok Inc Employees Retiree Medical Benefit Trust plays a crucial role in providing medical benefits to retired employees and their dependents. By serving as the funding vehicle for these benefits, the Trust ensures that retirees have access to necessary healthcare resources, enhancing their well-being and financial security in retirement. This support contributes to a sense of stability and peace of mind for retirees, allowing them to manage health-related expenses without undue stress. The Trust's mission is integral to maintaining the health and welfare of former employees, showcasing the commitment of Oneok Inc to its workforce even after they have transitioned into retirement. By effectively managing funds dedicated to healthcare, the Trust reinforces the importance of long-term support and care for retired personnel.
This information is meant to be a general summary of Oneok Inc Employees Retiree Medical 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: -$288,588
- Program Service Revenue: $400,673
- Gross Receipts: $23,457,833
Assets and Liabilities:
- Total Assets: $14,772,061
- Total Liabilities: $0
- Net Assets: $14,772,061
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER/EMPLOYEE CONTRIBUTIONS
Revenue
$400,673
Organization Details
Founding Year
1998
Phone
(918) 588-7442Principal Officer
Scott Melton
Main Address
100 WEST FIFTH ST, TULSA, OK, 74103
NTEE Category
Code: Y40 - Mutual benefit
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