Overview
What is Brunswick Transition Trust?
Brunswick Transition Trust is a nonprofit organization situated in Mettawa, Illinois. Its primary purpose is to offer supplemental unemployment benefits to employees who have experienced involuntary separation from Brunswick Corporation and its subsidiaries. The trust was established with the aim of mitigating the financial impact of job loss for these individuals, resulting from a reduction in the workforce. The trust fulfills its mission by making payments to the affected recipients, thereby providing a crucial safety net during challenging times.
Is Brunswick Transition Trust legitimate?
Brunswick Transition Trust is a legitimate nonprofit organization registered as a 501(c)(17) entity. Brunswick Transition 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 Brunswick Transition Trust?
The Brunswick Transition Trust is established with a mission to offer supplemental unemployment benefits to employees of Brunswick Corporation and its subsidiaries. This mission arises from a reduction in the workforce, resulting in the involuntary separation of 16 employees. The Trust's primary objective is to compensate these employees for the loss of future earnings due to their unemployment. Through these payments, the Trust fulfills its purpose of providing financial support during challenging times.
Who is the CEO of Brunswick Transition Trust?
Amy Wenz is the Trustee of Brunswick Transition Trust.
What is the revenue of Brunswick Transition Trust?
Brunswick Transition Trust's revenue in 2022 was $609,510.
Who are the executives of Brunswick Transition Trust and what are their salaries?
Here are 4 key members and their salaries:
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- Other: $0
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- Compensation: $0
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Where can I find the form 990 for Brunswick Transition Trust?
Brunswick Transition Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Brunswick Transition Trust
The Brunswick Transition Trust, a nonprofit organization, is dedicated to providing supplemental unemployment benefits to employees of Brunswick Corporation and its subsidiaries. Following a reduction in workforce, which led to the involuntary separation of 16 employees, the Trust steps in to help mitigate the impact of lost future earnings. By offering these benefits, the Brunswick Transition Trust plays a crucial role in supporting affected employees during their transition period, thereby fulfilling its mission.
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Impact
October, 2024
Brunswick Transition Trust significantly mitigates the financial impact of involuntary separations for employees of Brunswick Corporation and its subsidiaries by delivering supplemental unemployment benefits. In 2022, the Trust addressed the adverse effects of workforce reductions that resulted in the involuntary separation of 16 employees, helping them maintain some financial stability during a challenging transition. By providing these benefits, the Trust plays a crucial role in supporting recipients as they navigate obstacles associated with reduced earnings and job displacement, fulfilling its mission to alleviate the burden of unemployment for those affected.
This information is meant to be a general summary of Brunswick Transition 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.
- Program Service Revenue: $609,510
- Gross Receipts: $609,510
Assets and Liabilities:
- Total Assets: $0
- Total Liabilities: $0
- Net Assets: $0
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SUPPLEMENTAL UNEMPLOYMENT
Revenue
$609,510
Organization Details
Founding Year
1997
Phone
(920) 393-6758Principal Officer
Amy Wenz
Main Address
26125 N Riverwoods Blvd Suite 500, Mettawa, IL, 60045
NTEE Category
Code: Y43 - Mutual benefit
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