Overview
What is Avaya Inc Salaried Employees Benefits Trust?
Avaya Inc Salaried Employees Benefits Trust is a nonprofit organization situated in Morristown, New Jersey. Its primary purpose is to ensure the financial support for post-retirement benefits for eligible retired employees of Avaya, Inc. The trust serves as a crucial resource, providing the necessary funding to maintain the welfare of these retirees. This assistance is an essential part of their retirement plan, ensuring a continued level of comfort and stability.
Is Avaya Inc Salaried Employees Benefits Trust legitimate?
Avaya Inc Salaried Employees Benefits Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Avaya Inc Salaried Employees Benefits 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: $8,862
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Avaya Inc Salaried Employees Benefits Trust?
The Avaya Inc Salaried Employees Benefits Trust is established with the mission to provide financial support for the payment of post-retirement benefits to eligible retired employees of Avaya, Inc. The primary objective of this trust is to ensure the continuity of benefits for retired employees after their retirement from service. The trust manages funds specifically allocated for this purpose, ensuring that retired employees can continue to enjoy certain benefits, such as healthcare and pension, post their retirement. The trust plays a crucial role in securing the financial well-being of retired Avaya employees, providing them with a sense of security and stability during their post-retirement years.
Who is the CEO of Avaya Inc Salaried Employees Benefits Trust?
William Hepp is the Trustee of Avaya Inc Salaried Employees Benefits Trust.
What is the revenue of Avaya Inc Salaried Employees Benefits Trust?
Avaya Inc Salaried Employees Benefits Trust's revenue in 2022 was $786,829.
Who are the executives of Avaya Inc Salaried Employees Benefits Trust and what are their salaries?
There is 1 key member and their salary:
- Compensation: $7,902
- Related: $0
- Other: $0
Where can I find the form 990 for Avaya Inc Salaried Employees Benefits Trust?
Avaya Inc Salaried Employees Benefits Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Avaya Inc Salaried Employees Benefits Trust
Avaya Inc Salaried Employees Benefits Trust, as its name suggests, is a trust entity established with a specific mission. Its primary objective is to provide financial support for the payment of post-retirement benefits to eligible retired employees of Avaya, Inc. This trust serves as a safety net for these retired individuals, ensuring they continue to receive their retirement benefits even after they have stepped away from active employment. The trust's role is crucial in maintaining the financial stability and well-being of its beneficiaries, providing them with a sense of security in their retirement years.
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Impact
October, 2024
Avaya Inc Salaried Employees Benefits Trust plays a crucial role in supporting the financial security of retired employees from Avaya, Inc. By providing funding for the payment of post-retirement benefits, the trust ensures that eligible retirees receive the benefits they are entitled to, helping them maintain a standard of living after their professional careers have ended. This support can be vital for retirees' healthcare, pension, and other essential needs, contributing to their overall well-being.
Based in Morristown, NJ, the trust specifically focuses on meeting the needs of its retired employees, reflecting a commitment to honoring their years of service. This funding helps alleviate financial stress for retirees, fostering a sense of stability and appreciation within the workforce. In addition, the trust serves as a model for corporate responsibility, demonstrating how organizations can effectively manage their obligations to former employees while contributing positively to their communities. Overall, the trust's impact extends beyond individual benefits, influencing the broader social fabric by supporting retired employees and enhancing their quality of life.
This information is meant to be a general summary of Avaya Inc Salaried Employees Benefits 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: $743,662
- Gross Receipts: $1,559,161
Assets and Liabilities:
- Total Assets: $8,424,059
- Total Liabilities: $11,455
- Net Assets: $8,412,604
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Organization Details
Founding Year
2001
Phone
(908) 953-5289Principal Officer
William Hepp
Main Address
350 MT KEMBLE AVE, MORRISTOWN, NJ, 07960
NTEE Category
Code: Y43 - Mutual benefit
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