Overview
What is Modern Drop Forge Co Welfare Trust For Collective Bargaining Employees?
Modern Drop Forge Co Welfare Trust for Collective Bargaining Employees is a nonprofit organization situated in Merrillville, Indiana. Its primary mission is to provide comprehensive health benefits, including medical, hospital, surgical, major medical, prescription, and dental coverage, as well as life insurance coverage, long-term disability benefits, and short-term disability benefits, to full-time employees who are part of the collective bargaining agreement with Modern Drop Forge Company, LLC and its subsidiaries. The trust ceased any further activity in 2016 but was previously responsible for covering all claims and administrative expenses.
Is Modern Drop Forge Co Welfare Trust For Collective Bargaining Employees legitimate?
Modern Drop Forge Co Welfare Trust For Collective Bargaining Employees is a legitimate nonprofit organization registered as a 501(c)(9) entity. Modern Drop Forge Co Welfare Trust For Collective Bargaining Employees 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 Modern Drop Forge Co Welfare Trust For Collective Bargaining Employees?
The Modern Drop Forge Co Welfare Trust for Collective Bargaining Employees is dedicated to providing comprehensive benefits for full-time employees involved in collective bargaining at Modern Drop Forge Company, LLC and its subsidiaries. These benefits include medical, hospital, surgical, major medical, prescription, and dental coverage, as well as life insurance, long-term disability, and short-term disability benefits. The trust's primary goal is to ensure the well-being and financial security of these employees during their employment. In 2016, the trust successfully fulfilled all claims and administrative expenses, marking the end of its active period. While the trust is no longer active, its legacy continues to provide a valuable safety net for eligible employees.
What is the revenue of Modern Drop Forge Co Welfare Trust For Collective Bargaining Employees?
Modern Drop Forge Co Welfare Trust For Collective Bargaining Employees's revenue in 2023 was $0.
Who are the executives of Modern Drop Forge Co Welfare Trust For Collective Bargaining Employees and what are their salaries?
Here are 2 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Modern Drop Forge Co Welfare Trust For Collective Bargaining Employees?
Modern Drop Forge Co Welfare Trust For Collective Bargaining Employees's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Modern Drop Forge Co Welfare Trust For Collective Bargaining Employees
Modern Drop Forge Co Welfare Trust for Collective Bargaining Employees is a mission-driven organization that focuses on providing essential health benefits to full-time collective bargaining employees of Modern Drop Forge Company, LLC and its subsidiaries. This nonprofit organization offers a comprehensive range of benefits, including medical, hospital, surgical, major medical, prescription, and dental coverage. Furthermore, it provides life insurance coverage, long-term disability benefits, and short-term disability benefits to its beneficiaries.
The primary purpose of Modern Drop Forge Co Welfare Trust for Collective Bargaining Employees is to ensure the well-being of its employees by providing them with crucial health and insurance benefits. By offering these benefits, the nonprofit aims to support its employees during times of illness, disability, or other unforeseen circumstances. The trust's commitment to its employees' well-being is evident in the range of benefits it provides, ensuring that they have access to the necessary medical and financial support during challenging periods.
During 2016, the trust successfully fulfilled its obligations by paying all claims and administrative expenses, marking the year of its ceased activity. Despite its inactivity since then, the impact of Modern Drop Forge Co Welfare Trust for Collective Bargaining Employees on the lives of its beneficiaries is undeniable. The organization's mission to provide comprehensive health and insurance benefits to full-time collective bargaining employees of Modern Drop Forge Company, LLC and its subsidiaries has left a lasting legacy of support and care.
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Impact
October, 2024
Modern Drop Forge Co Welfare Trust For Collective Bargaining Employees significantly impacts the well-being and security of full-time collective bargaining employees at Modern Drop Forge Company, LLC and its subsidiaries. By providing comprehensive health benefits, including medical, hospital, surgical, major medical, prescription, and dental coverage, the trust plays a crucial role in ensuring that employees have access to necessary healthcare services. This support can reduce financial stress related to medical expenses, thereby enhancing the overall quality of life for employees and their families.
In addition to health benefits, the trust also offers life insurance coverage and both long-term and short-term disability benefits. These offerings ensure that employees are protected in the event of unforeseen circumstances that could affect their ability to work. This level of support fosters a safer work environment and contributes to employee morale, aiding in retention and stability within the workforce.
The trust’s ability to effectively manage claims and administrative expenses ensures that resources are utilized efficiently, directly benefiting employees without unnecessary redundancy. Although it ceased operations in 2016, its past activities contributed significantly to the financial and health security of its members, illustrating the importance of such welfare trusts in labor relations and employee assistance programs. Overall, the trust exemplifies a mutual benefit structure that empowers and safeguards the collective bargaining workforce.
This information is meant to be a general summary of Modern Drop Forge Co Welfare Trust For Collective Bargaining Employees. 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 2023.
Assets and Liabilities:
- Total Assets: $0
- Total Liabilities: $0
- Net Assets: $0
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Organization Details
Founding Year
1993
Principal Officer
Loren Kemp
NTEE Category
Code: Y40 - Mutual benefit
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