Overview
What is Health Care Service Corporation Employees' Welfare Benefit Trust?
The Health Care Service Corporation Employees' Welfare Benefit Trust is a nonprofit organization located in Richardson, Texas. Its primary role is to accumulate funds for providing future post-retirement health care-related coverage to a portion of the sponsoring companies' retirees and their dependents. This trust aims to ensure financial security and continued healthcare support for these individuals during their retirement years.
Is Health Care Service Corporation Employees' Welfare Benefit Trust legitimate?
Health Care Service Corporation Employees' Welfare Benefit Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Health Care Service Corporation Employees' 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: $38,188
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Health Care Service Corporation Employees' Welfare Benefit Trust?
The Health Care Service Corporation Employees' Welfare Benefit Trust exists with a mission to accumulate funds for providing post-retirement healthcare coverage related benefits for a portion of the sponsoring companies' retirees and their dependents. This trust aims to ensure financial security and medical care for these individuals in their retirement years. The trust's goal is to provide a safety net for these individuals, ensuring they continue to receive necessary healthcare services after their retirement. The trust's activities are focused on managing and growing the accumulated funds to meet these retirement healthcare needs.
Who is the CEO of Health Care Service Corporation Employees' Welfare Benefit Trust?
Gene George is the Principal Officer of Health Care Service Corporation Employees' Welfare Benefit Trust.
What is the revenue of Health Care Service Corporation Employees' Welfare Benefit Trust?
Health Care Service Corporation Employees' Welfare Benefit Trust's revenue in 2022 was $4,537,259.
Who are the executives of Health Care Service Corporation Employees' Welfare Benefit Trust and what are their salaries?
Here are 2 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $38,188
- Related: $0
- Other: $0
Where can I find the form 990 for Health Care Service Corporation Employees' Welfare Benefit Trust?
Health Care Service Corporation Employees' Welfare Benefit Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Health Care Service Corporation Employees' Welfare Benefit Trust
The Health Care Service Corporation Employees' Welfare Benefit Trust exists with a mission to accumulate funds for providing future post-retirement health care-related coverage for a portion of the sponsoring companies' retirees and their dependents. In essence, this nonprofit organization is dedicated to ensuring that a segment of retired employees and their families have financial support for their health care needs after retirement. By accumulating funds, the Trust aims to provide a safety net for these individuals, ensuring they can access necessary medical services during their golden years.
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Impact
October, 2024
Health Care Service Corporation Employees' Welfare Benefit Trust plays a significant role in ensuring the financial health and security of retirees and their dependents. By accumulating funding dedicated to post-retirement healthcare, the Trust addresses a critical need for many individuals who might otherwise face uncertainty regarding medical costs in their later years.
This proactive strategy not only provides peace of mind for retirees but also fosters a sense of community and support among employees of the sponsoring companies. The Trust’s efforts contribute to the long-term wellbeing of its members, alleviating potential financial burdens associated with healthcare as retirees age.
With its operations based in Richardson, TX, the Trust underscores the importance of mutual benefit, aligning the interests of both employees and the organizations they served. In summary, the Trust's impact is evident in enhancing the quality of life for retirees through reliable healthcare funding, thus reinforcing their well-deserved security after years of service.
This information is meant to be a general summary of Health Care Service Corporation Employees' 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: $4,537,259
- Gross Receipts: $27,432,865
Assets and Liabilities:
- Total Assets: $216,899,136
- Total Liabilities: $0
- Net Assets: $216,899,136
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Organization Details
Founding Year
1997
Phone
(972) 766-6192Principal Officer
Gene George
Main Address
1001 E LOOKOUT DRIVE, RICHARDSON, TX, 75082
NTEE Category
Code: Y40 - Mutual benefit
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