Overview
What is Ti Retiree Welfare Benefit Trust No 7?
Ti Retiree Welfare Benefit Trust No 7 is a nonprofit organization primarily dedicated to providing retirement health benefits to its members, their dependents, and designated beneficiaries, in accordance with the trust agreement and Texas Instruments Retirees Health Benefit Plan. The organization's main mission is to offer group medical and/or dental coverage during retirement for eligible U.S. retirees who meet certain age and service requirements. Texas Instruments Inc. contributes towards the cost of retiree medical benefits for certain retirees and their dependents, with the company funding its share through contributions to the VEBA Trusts. Operating out of Dallas, Texas, the trust's primary activity is focused on ensuring the well-being of its members during their retirement years.
Is Ti Retiree Welfare Benefit Trust No 7 legitimate?
Ti Retiree Welfare Benefit Trust No 7 is a legitimate nonprofit organization registered as a 501(c)(9) entity. Ti Retiree Welfare Benefit Trust No 7 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
For more financial information, click here
What is the mission statement of Ti Retiree Welfare Benefit Trust No 7?
The Ti Retiree Welfare Benefit Trust No 7 is designed to provide group medical and dental coverage during retirement for eligible U.S. retirees who meet the age and service requirements. Texas Instruments Inc. contributes towards the cost of these retirement medical benefits for certain retirees and their dependents, funding its share through contributions to the VEBA Trusts. The organization adheres to the terms of the Trust Agreement and the Texas Instruments Retirees Health Benefit Plan, ensuring that retiree health benefits are paid out accordingly. The majority of the Trust's operations are dedicated to providing life, sick, or other benefits to its members, their dependents, or their designated beneficiaries, with the aim of offering support during retirement.
Who is the CEO of Ti Retiree Welfare Benefit Trust No 7?
Shanon Leonard is the Trustee of Ti Retiree Welfare Benefit Trust No 7.
What is the revenue of Ti Retiree Welfare Benefit Trust No 7?
Ti Retiree Welfare Benefit Trust No 7's revenue in 2021 was $3,291,801.
Who are the executives of Ti Retiree Welfare Benefit Trust No 7 and what are their salaries?
There is 1 key member and their salary:
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Ti Retiree Welfare Benefit Trust No 7?
Ti Retiree Welfare Benefit Trust No 7's most recent form 990 was submitted in 2021 and can be accessed here.
Mission Statement of Ti Retiree Welfare Benefit Trust No 7
Ti Retiree Welfare Benefit Trust No 7, a retirement welfare organization, is dedicated to providing group medical and dental coverage for eligible U.S. retirees. This trust, funded by Texas Instruments Inc., contributes towards the cost of retiree medical benefits for certain retirees and their dependents. The organization adheres to the terms of its trust agreement and the Texas Instruments Retirees Health Benefit Plan, ensuring that retirees receive their health benefits as stipulated. The primary objective of Ti Retiree Welfare Benefit Trust No 7 is to utilize its operations in furtherance of providing life, sick, or other benefits to its members, their dependents, or their designated beneficiaries, ensuring the well-being of its retirees post-employment.
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Impact
October, 2024
Ti Retiree Welfare Benefit Trust No 7 plays a crucial role in providing access to essential healthcare benefits for retirees of Texas Instruments Incorporated (TI). By facilitating group medical and dental coverage, the Trust ensures that retirees who meet specific age and service criteria can maintain their health and well-being during retirement.
The Trust operates according to the guidelines of the Trust Agreement and the Texas Instruments Retirees Health Benefit Plan, which outlines the support for retirees and their dependents. By covering various aspects of life and health benefits, it has a significant impact on enhancing the quality of life for members, their dependents, and designated beneficiaries.
Moreover, TI contributes to the cost of these medical benefits, demonstrating a commitment to supporting its former employees even after they exit the workforce. This system alleviates financial burdens associated with healthcare, which is particularly vital for older adults who may face increased medical needs. In essence, Ti Retiree Welfare Benefit Trust No 7 fosters a supportive environment for retirees, ensuring they have access to necessary medical services and preserving their health during their retirement years.
This information is meant to be a general summary of Ti Retiree Welfare Benefit Trust No 7. 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 2021.
- Investment Income: $1,427,069
- Program Service Revenue: $1,864,732
- Gross Receipts: $23,281,288
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.
PARTICIPANT CONTRIBUTIONS
Revenue
$1,864,732
Organization Details
Founding Year
2000
Phone
(972) 995-3333Principal Officer
Shanon Leonard
Main Address
PO BOX 650311 M/S 3905, DALLAS, TX, 75265
NTEE Category
Code: Y43 - Mutual benefit
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