Overview
What is Ww Grainger Inc Group Benefit Trust Ii?
Ww Grainger Inc Group Benefit Trust II is a nonprofit organization, specifically categorized under IRC Section 501(C)(9), located in Lake Forest, Illinois. The primary objective and long-term goal of this organization are to offer health benefits to retired employees. Approximately 7,200 individuals participate in this program, illustrating its extensive reach within the community. The organization's mission is to provide comprehensive health benefits to these retired participants, ensuring their well-being post-employment.
Is Ww Grainger Inc Group Benefit Trust Ii legitimate?
Ww Grainger Inc Group Benefit Trust Ii is a legitimate nonprofit organization registered as a 501(c)(9) entity. Ww Grainger Inc Group Benefit Trust Ii 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 Ii?
The mission of Ww Grainger Inc Group Benefit Trust II, as an IRC Section 501(C)(9) organization, is primarily focused on providing health benefits to its retired employees. This organization aims to support the well-being of approximately 7,200 retired participants by offering them necessary health benefits. The objective is to ensure that these retired employees can maintain their health and quality of life post-retirement. This trust serves as a safety net, providing essential healthcare services to its participants.
Who is the CEO of Ww Grainger Inc Group Benefit Trust Ii?
Jay Feece is the Trustee of Ww Grainger Inc Group Benefit Trust Ii.
What is the revenue of Ww Grainger Inc Group Benefit Trust Ii?
Ww Grainger Inc Group Benefit Trust Ii's revenue in 2022 was $6,567,472.
Who are the executives of Ww Grainger Inc Group Benefit Trust Ii 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 Ii?
Ww Grainger Inc Group Benefit Trust Ii's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Ww Grainger Inc Group Benefit Trust Ii
W.W. Grainger Inc. Group Benefit Trust II is an organization with a mission centered around providing health benefits to its retired participants. With a participation of approximately 7,200 employees, this IRC Section 501(C)(9) organization has set a long-term objective to support the health needs of its retired workforce. The primary goal of W.W. Grainger Inc. Group Benefit Trust II is to ensure that its retired employees have access to necessary health benefits, contributing to their overall well-being and quality of life in their post-career phase.
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Impact
October, 2024
Ww Grainger Inc Group Benefit Trust II significantly impacts the wellbeing of its retired participants by providing essential health benefits. With approximately 7,200 retirees enrolled in the program, it ensures that they have access to necessary medical care and support, which is crucial for maintaining their quality of life after their professional careers.
The trust focuses on long-term goals, addressing the health needs of retirees, which fosters financial security and peace of mind for both the individuals and their families. By offering these benefits, the organization plays a pivotal role in enhancing the overall health outcomes of its participants, potentially reducing their financial burdens related to healthcare costs and contributing to a healthier, more secure retirement.
This initiative not only strengthens the connection between the retired employees and the organization but also serves as a testament to the commitment to employee welfare that extends beyond their active working years. Overall, the impact of Ww Grainger Inc Group Benefit Trust II can be seen in the improved health and stability of its retired participants, empowering them to focus on enjoying their retirement years.
This information is meant to be a general summary of Ww Grainger Inc Group Benefit Trust Ii. 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: -$2,820,355
- Program Service Revenue: $3,030,115
- Gross Receipts: $63,647,041
Assets and Liabilities:
- Total Assets: $162,507,521
- Total Liabilities: $885,410
- Net Assets: $161,622,111
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PARTICIPANT CONTRIBUTIONS
Revenue
$3,030,115
Organization Details
Founding Year
1989
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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