Overview
What is Ti Retiree Welfare Benefit Trust No 13?
Ti Retiree Welfare Benefit Trust No 13 is a nonprofit organization that primarily focuses on providing health benefits to retirees, specifically offering group medical and dental coverage. Operating out of Dallas, Texas, the trust adheres to a set agreement and the Texas Instruments Retirees Health Benefit Plan. The organization's primary mission is to ensure the wellbeing of its members, their dependents, and designated beneficiaries by utilizing its resources for this purpose. The trust ceased operations on August 31, 2022.
Is Ti Retiree Welfare Benefit Trust No 13 legitimate?
Ti Retiree Welfare Benefit Trust No 13 is a legitimate nonprofit organization registered as a 501(c)(9) entity. Ti Retiree Welfare Benefit Trust No 13 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: $5,290
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Ti Retiree Welfare Benefit Trust No 13?
Ti Retiree Welfare Benefit Trust No 13, as part of its mission, provides U.S. retirees with access to group medical and dental coverage during their retirement. This benefit is contingent upon meeting certain age and service requirements. Texas Instruments Incoredorated (TI) contributes towards the cost of these retiree medical benefits for certain retirees and their dependents. The trust funds its share of these costs through contributions to VEBAs (Voluntary Employees' Beneficiary Associations) trusts. The Trust ceased operations as of August 31, 2022.
Who is the CEO of Ti Retiree Welfare Benefit Trust No 13?
Shannon Freeze-Flory is the Trustee of Ti Retiree Welfare Benefit Trust No 13.
What is the revenue of Ti Retiree Welfare Benefit Trust No 13?
Ti Retiree Welfare Benefit Trust No 13's revenue in 2022 was $6,490,291.
Who are the executives of Ti Retiree Welfare Benefit Trust No 13 and what are their salaries?
There is 1 key member and their salary:
- Compensation: $5,290
- Related: $0
- Other: $0
Where can I find the form 990 for Ti Retiree Welfare Benefit Trust No 13?
Ti Retiree Welfare Benefit Trust No 13's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Ti Retiree Welfare Benefit Trust No 13
Ti Retiree Welfare Benefit Trust No 13, a specialized organization, is committed to providing U.S. retirees with access to group medical and dental coverage during their retirement. This trust is funded by Texas Instruments Incorporated (TI), which contributes towards the cost of retiree medical benefits for eligible retirees and their dependents. The Trust operates under specific age and service requirements, ensuring that only eligible individuals can reap the benefits. TI bears a portion of the costs associated with retiree medical benefits, funding its share through contributions to the Voluntary Employees' Beneficiary Association (VEBA) trusts. As of August 31, 2022, the Trust ceased its operations.
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Impact
October, 2024
Ti Retiree Welfare Benefit Trust No 13 played a significant role in providing healthcare support to retired employees of Texas Instruments Incorporated (TI). By administering access to group medical and dental coverage, the trust ensured that retirees who met specific age and service criteria could receive essential health benefits, thus enhancing their quality of life in retirement.
The trust's operations were focused on paying retiree health benefits as outlined in the trust agreement and the Texas Instruments Retirees Health Benefit Plan. This financial support was critical for many individuals who relied on the trust to help mitigate healthcare costs associated with aging. The contributions made by TI towards these costs underscored the company's commitment to its retirees, reinforcing a bond of support long after their employment had ended.
Although the trust ceased operations on August 31, 2022, its impact was significant in providing life and health benefits to members, their dependents, and designated beneficiaries. The termination of the trust has implications for those retirees who depended on these health benefits, highlighting the importance of such programs in the overall wellbeing of retired individuals.
This information is meant to be a general summary of Ti Retiree Welfare Benefit Trust No 13. 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: $4,576,842
- Program Service Revenue: $1,913,449
- Gross Receipts: $15,823,998
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
$1,913,449
Organization Details
Founding Year
2000
Phone
(972) 995-3333Principal Officer
Shannon Freeze-Flory
Main Address
PO BOX 650311 M/S 3905, DALLAS, TX, 75265
NTEE Category
Code: Y43 - Mutual benefit
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