Overview
What is Cnh Welfare Benefit Trust?
The Cnh Welfare Benefit Trust is a trust based in Racine, Wisconsin, dedicated to offering life, illness, and accident benefits to eligible participants and their dependents or designated beneficiaries. Its mission encompasses providing healthcare reimbursement arrangements for retirees, ensuring financial support during critical times. The trust is committed to improving the wellbeing of its members by offering a range of programs to cover various benefit needs.
What are the reviews and ratings of this charity?
The Cnh Welfare Benefit Trust is not currently rated by Charity Navigator, primarily because it is not registered as a 501(c)(3) nonprofit, which disqualifies it from the typical evaluation processes used, including those for Accountability & Finance and Impact & Measurement. Its absence of a rating does not imply a positive or negative judgment but reflects the specific evaluation limitations based on its IRS classification.
The trust operates independently and does not fall under the Charity Navigator criteria that assess various domains such as community, adaptability, and leadership due to its non-501(c)(3) status. This status also means it's not eligible for tax-deductible contributions, separating it from standard charities evaluated by Charity Navigator.
Limited data is available concerning the trust's revenue and expenses, as well as the salaries of key personnel. While some basic IRS data is accessible, the lack of a detailed financial overview or performance information could pose challenges for potential donors or stakeholders seeking comprehensive insights into the organization's operations and impact.
No user reviews have been found on GreatNonprofits for Cnh Welfare Benefit Trust, which means there is no customer-driven feedback or community-based insight available to supplement the general data.
This AI summary has been generated from information found on Charity Navigator.
Is Cnh Welfare Benefit Trust legitimate?
Cnh Welfare Benefit Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Cnh Welfare 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 Cnh Welfare Benefit Trust?
The Cnh Welfare Benefit Trust is devoted to offering life, illness, and accident benefits to eligible participants and their dependents or designated beneficiaries. This trust aims to provide a safety net for individuals in times of need. Additionally, it offers a health reimbursement arrangement for retirees. The mission of the trust is to ensure financial security and peace of mind for its members during challenging situations. The trust's programs are designed to cover various health-related expenses and improve the overall well-being of its participants.
Who is the CEO of Cnh Welfare Benefit Trust?
Rick H Aide is the Trustee of Cnh Welfare Benefit Trust.
What is the revenue of Cnh Welfare Benefit Trust?
Cnh Welfare Benefit Trust's revenue in 2022 was $143,843,670.
Who are the executives of Cnh Welfare Benefit Trust and what are their salaries?
There is 1 key member and their salary:
- Compensation: $49,445
- Related: $0
- Other: $0
Where can I find the form 990 for Cnh Welfare Benefit Trust?
Cnh Welfare Benefit Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Cnh Welfare Benefit Trust
The CNH Welfare Benefit Trust is a mission-driven organization that extends a helping hand to eligible participants and their dependents or designated beneficiaries. This trust goes beyond the ordinary by offering life, illness, and accident benefits to those in need. By assuming this role, it brings a sense of security and peace of mind to countless individuals.
In essence, the CNH Welfare Benefit Trust serves as a safety net for its members. It provides a crucial lifeline during challenging times, offering financial assistance when faced with unexpected circumstances such as illness or accidents. Furthermore, it extends this support to the loved ones of the participants, ensuring that they are taken care of as well.
Moreover, CNH Welfare Benefit Trust offers a health reimbursement arrangement to its retirees. This additional benefit is designed to help retirees manage their healthcare expenses and maintain their wellbeing during their golden years. The trust strives to make a difference in the lives of its members, providing essential benefits that bring hope and stability during difficult times.
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Impact
October, 2024
Cnh Welfare Benefit Trust plays a crucial role in enhancing financial security for eligible participants, their dependents, and designated beneficiaries. By providing life, illness, and accident benefits, the trust acts as a safety net, helping individuals navigate unforeseen challenges that could impact their livelihoods and well-being.
The benefits offered through the trust are vital for participants who face medical emergencies, illnesses, or accidental injuries, ensuring they have access to necessary resources during critical times. Additionally, the trust's health reimbursement arrangement for retirees supports their healthcare costs, contributing to their overall financial stability after they have left the workforce.
Located in Racine, WI, the CNH Welfare Benefit Trust directly addresses the needs of its community by offering essential support that enhances life quality and peace of mind for its participants. Through these programs, the trust effectively promotes mutual benefit, strengthening the overall health and financial resiliency of its members.
This information is meant to be a general summary of Cnh Welfare 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: $532,209
- Program Service Revenue: $143,311,461
- Gross Receipts: $143,846,644
Assets and Liabilities:
- Total Assets: $86,949,881
- Total Liabilities: $1,457,231
- Net Assets: $85,492,650
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTIONS
Revenue
$72,636,229
BENEFIT OBLIGATION TRANSFER
Revenue
$44,559,000
EMPLOYEE CONTRIBUTIONS
Revenue
$26,116,232
Organization Details
Founding Year
2001
Phone
(262) 636-6004Principal Officer
Rick H Aide
Main Address
700 STATE STREET, RACINE, WI, 53404
NTEE Category
Code: Y43 - Mutual benefit
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