Employer Contribution Veba Trust Colgate

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 367627415 ✦ Charlotte, NC ✦ Designated as a 501(c)(9)

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Overview

What is Employer Contribution Veba Trust Colgate?

Employer Contribution Veba Trust Colgate is a nonprofit organization, specifically a retirement health benefits provider, located in Charlotte, North Carolina. This trust is established by Colgate, its former employees, and their dependents in mind. The primary purpose of the trust is to offer health benefits and insurance premiums to its members. While the description suggests that other benefits may be provided, as specified in the plan document, the main focus remains on providing retirement health benefits. The trust is dedicated to supporting the well-being of its members, encompassing both former employees and their families.


Official website here: www.colgate.edu

Is Employer Contribution Veba Trust Colgate legitimate?

Employer Contribution Veba Trust Colgate is a legitimate nonprofit organization registered as a 501(c)(9) entity. Employer Contribution Veba Trust Colgate 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


Official website here: www.colgate.edu

What is the mission statement of Employer Contribution Veba Trust Colgate?

The mission of Employer Contribution Veba Trust Colgate, in essence, revolves around providing retirement health benefits. This organization extends its services to the former employees of the associated employer, along with their spouses and dependents. While the primary focus is on health benefits, it's important to note that other benefits may be available as per the plan documentation. The organization is responsible for paying health insurance premiums on behalf of its members.


Official website here: www.colgate.edu

Who is the CEO of Employer Contribution Veba Trust Colgate?

Amy Ryan is the Principal Officer of Employer Contribution Veba Trust Colgate.


Official website here: www.colgate.edu

What is the revenue of Employer Contribution Veba Trust Colgate?

Employer Contribution Veba Trust Colgate's revenue in 2022 was $204,105.


Official website here: www.colgate.edu

Who are the executives of Employer Contribution Veba Trust Colgate and what are their salaries?


There is 1 key member and their salary:


Tiaa Trust Na (Trustee)
  • Compensation: $750
  • Related: $0
  • Other: $0


Official website here: www.colgate.edu

Where can I find the form 990 for Employer Contribution Veba Trust Colgate?

Employer Contribution Veba Trust Colgate's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.colgate.edu

Learn more at the official website: www.colgate.edu

Mission Statement of Employer Contribution Veba Trust Colgate

Employer Contribution Veba Trust Colgate, a nonprofit entity, is dedicated to providing retiree health benefits. This organization extends its support to the former employees of Colgate, as well as their spouses and dependents. While the trust primarily focuses on health benefits, it may also offer additional perks as outlined in the plan documentation. The trust takes upon itself the responsibility of paying health insurance premiums for its members, thereby ensuring their access to necessary healthcare services.

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Impact




October, 2024

The Employer Contribution VEBA Trust Colgate plays a vital role in providing health benefits and insurance premiums to former employees and their families. By ensuring that retirees have access to necessary health care services, it significantly enhances their quality of life during retirement. The Trust focuses on delivering financial support for healthcare, which is especially crucial as individuals age and healthcare needs typically increase.

Located in Charlotte, NC, the Trust operates under a clear mission: to provide retiree health benefits for the employer's former employees, their spouses, and dependents. This commitment not only serves to honor the contributions of retirees but also fosters a sense of security and well-being among those who once dedicated their careers to the employer.

Additionally, while the primary focus is on retiree health benefits, the Trust also holds the potential to offer other benefits as described in the plan document. This flexibility can adapt to changing circumstances and needs, enhancing the overall support structure for former employees. Overall, the impact of the Employer Contribution VEBA Trust Colgate extends beyond mere financial assistance—it's about creating a supportive environment for retirees and their families during a significant phase of life.




This information is meant to be a general summary of Employer Contribution Veba Trust Colgate. 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.

Revenue
$204,105 (2022)
Expenses
$0 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $57,918
  • Program Service Revenue: $146,187
  • Gross Receipts: $616,696

Assets and Liabilities:

  • Total Assets: $1,180,610
  • Total Liabilities: $0
  • Net Assets: $1,180,610

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

Employer Contributions

Revenue

$146,187

Organization Details

Founding Year

2013

Principal Officer

Amy Ryan

Main Address

8625 ANDREW CARNEGIE BLVD ATTN CORP, CHARLOTTE, NC, 28262

NTEE Category

Code: Y20 - Mutual benefit

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