General Dynamics Land Systems Retiree Benefits Trust Agreement

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 367007200 ✦ Chicago, IL ✦ Designated as a 501(c)(9)

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Overview

What is General Dynamics Land Systems Retiree Benefits Trust Agreement?

The General Dynamics Land Systems Retiree Benefits Trust Agreement is a nonprofit entity established for the purpose of providing welfare benefits to retired employees of General Dynamics Land Systems. The Trust Agreement focuses on delivering essential services to its members. Specifically, it supports the well-being of retirees by managing and distributing benefits as outlined in the agreement.

Is General Dynamics Land Systems Retiree Benefits Trust Agreement legitimate?

General Dynamics Land Systems Retiree Benefits Trust Agreement is a legitimate nonprofit organization registered as a 501(c)(9) entity. General Dynamics Land Systems Retiree Benefits Trust Agreement 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: $95,871
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of General Dynamics Land Systems Retiree Benefits Trust Agreement?

The General Dynamics Land Systems Retiree Benefits Trust Agreement focuses on providing employee welfare benefits. Its mission is dedicated to ensuring the well-being of retired employees from General Dynamics Land Systems. The Trust Agreement offers a range of benefits designed to support the health, financial, and overall well-being of its members. It aims to maintain a strong commitment to its beneficiaries by continuously seeking ways to expand and improve its offerings. Through this mission, the Trust Agreement strives to foster a sense of security and stability for its retirees.

Who is the CEO of General Dynamics Land Systems Retiree Benefits Trust Agreement?

Randall Miller is the Principal Officer of General Dynamics Land Systems Retiree Benefits Trust Agreement.

What is the revenue of General Dynamics Land Systems Retiree Benefits Trust Agreement?

General Dynamics Land Systems Retiree Benefits Trust Agreement's revenue in 2022 was $98,286,248.

Who are the executives of General Dynamics Land Systems Retiree Benefits Trust Agreement and what are their salaries?


There is 1 key member and their salary:


The Northern Trust Company (Trustee)
  • Compensation: $95,871
  • Related: $0
  • Other: $0
Where can I find the form 990 for General Dynamics Land Systems Retiree Benefits Trust Agreement?

General Dynamics Land Systems Retiree Benefits Trust Agreement's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of General Dynamics Land Systems Retiree Benefits Trust Agreement

General Dynamics Land Systems Retiree Benefits Trust Agreement is a mission-driven organization dedicated to delivering welfare benefits to its employees. In simple terms, it is a trust established to ensure the wellbeing of General Dynamics Land Systems' retirees.

This trust agreement places a strong emphasis on securing and managing benefits for those who have devoted their careers to the company. It serves as a safety net for retirees, providing them with access to essential services and resources to maintain their quality of life.

The trust agreement operates with a clear sense of purpose, focusing on the welfare of its beneficiaries. By offering comprehensive benefits packages, it aims to support retirees in their post-employment years and help them face life's challenges with confidence.

The trust agreement's commitment to employee welfare sets it apart. It is more than just a financial institution; it is a partner that cares for its members, ensuring their needs are met both now and in the future. By providing a reliable source of benefits, this trust agreement contributes to the overall well-being of its retirees, allowing them to live with peace of mind.

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Impact




October, 2024

The General Dynamics Land Systems Retiree Benefits Trust Agreement plays a crucial role in ensuring the provision of employee welfare benefits for retirees. By focusing on the well-being of former employees, it enhances the overall quality of life for those who have dedicated their careers to the organization. The trust agreement aims to secure funds specifically designated for retirement benefits, thereby providing financial stability and peace of mind for retirees in their post-employment years.

In doing so, the trust not only supports the individual needs of retirees but also fosters a longstanding relationship between the organization and its past employees. This commitment to welfare benefits can contribute to a positive corporate culture and reputation, which can be attractive for both current employees and prospective hires. Additionally, ensuring that retirees receive their entitled benefits can mitigate the risk of disputes or dissatisfaction among former employees, promoting goodwill within the community associated with General Dynamics Land Systems.

Operationally, this agreement reflects a strategic approach to managing retiree benefits, allowing for better planning and allocation of resources, which is essential for maintaining the trust's sustainability over time. In summary, the General Dynamics Land Systems Retiree Benefits Trust Agreement significantly impacts retirees, the organization, and its broader community by enhancing support systems for welfare benefits.




This information is meant to be a general summary of General Dynamics Land Systems Retiree Benefits Trust Agreement. 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.

Revenue
$98,286,248 (2022)
Expenses
$11,452,882 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $98,285,789
  • Program Service Revenue: $459
  • Gross Receipts: $919,275,108

Assets and Liabilities:

  • Total Assets: $245,894,312
  • Total Liabilities: $433,879
  • Net Assets: $245,460,433

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

PARTICIPANT CONTRIBUTIONS

Revenue

$459

Organization Details

Founding Year

1992

Principal Officer

Randall Miller

Main Address

C/O NORTHERN TRUST 50 S LASALLE ST, CHICAGO, IL, 60603

NTEE Category

Code: Y40 - Mutual benefit

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