Overview
What is Michigan Public Employees Benefit Trust C/O Aft Michigan?
Michigan Public Employees Benefit Trust C/O Aft Michigan is a nonprofit organization, serving as the successor to a previous entity, established for providing health and welfare benefits to its members. Despite having no active members or plans during a specific period, the trustees considered ways to continue offering medical, life, and sickness and accident benefits. They initiated a plan to terminate the organization and distribute its residual assets to various 501(c)(3) organizations, following a predetermined distribution plan. Throughout its operations, this nonprofit offered various health and welfare benefits to its voluntary participants.
Is Michigan Public Employees Benefit Trust C/O Aft Michigan legitimate?
Michigan Public Employees Benefit Trust C/O Aft Michigan is a legitimate nonprofit organization registered as a 501(c)(9) entity. Michigan Public Employees Benefit Trust C/O Aft Michigan 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: $5,250
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Michigan Public Employees Benefit Trust C/O Aft Michigan?
Michigan Public Employees Benefit Trust C/O Aft Michigan, as the successor to a previous organization, was established to provide health and welfare benefits to its members. However, during the specified period, the trust did not have any members and no active benefit plans. The board of trustees considered ways to continue providing medical, life, and sickness and accident benefits. Eventually, they began planning for the termination of the organization and the distribution of its residual assets. As part of the liquidation process, the organization prepaid all remaining expenses and disbursed funds to various 501(c)(3) organizations based on a predetermined distribution plan adopted by the board of trustees. Despite having a mission to provide benefits, the organization was temporarily inactive and later distributed its assets to charitable organizations.
Who is the CEO of Michigan Public Employees Benefit Trust C/O Aft Michigan?
Mr David Hecker is the Chairperson of Michigan Public Employees Benefit Trust C/O Aft Michigan.
What is the revenue of Michigan Public Employees Benefit Trust C/O Aft Michigan?
Michigan Public Employees Benefit Trust C/O Aft Michigan's revenue in 2021 was $96.
Who are the executives of Michigan Public Employees Benefit Trust C/O Aft Michigan and what are their salaries?
There 5 volunteers at Michigan Public Employees Benefit Trust C/O Aft Michigan.
Here are 5 key members and their salaries:
- Compensation: $5,250
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Michigan Public Employees Benefit Trust C/O Aft Michigan?
Michigan Public Employees Benefit Trust C/O Aft Michigan's most recent form 990 was submitted in 2021 and can be accessed here.
Mission Statement of Michigan Public Employees Benefit Trust C/O Aft Michigan
Michigan Public Employees Benefit Trust C/O Aft Michigan was established with the primary mission of providing various health and welfare benefits to its voluntary participating members. Originating from a predecessor organization, its purpose remained unchanged, aiming to ensure the well-being of its members through comprehensive health and welfare benefits. However, during the reporting period from 2016, the organization saw no members and had no active benefit plans.
In an effort to continue providing medical, life, and sickness and accident benefits, the trustees of MEMBA and its successor, PET, began devising a plan for the organization's termination and the distribution of its residual assets. The PET Board of Trustees meticulously developed a strategy to liquidate funds and bring an end to the organization. As part of this process, they pre-paid all remaining expenses and distributed the funds to various 501(c)(3) organizations, following a predetermined distribution plan adopted by the Board of Trustees. By doing so, Michigan Public Employees Benefit Trust C/O Aft Michigan ensured that its assets would continue to contribute to charitable causes, even in its absence.
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Impact
October, 2024
The Michigan Public Employees Benefit Trust C/O Aft Michigan previously played a significant role in offering health and welfare benefits to its voluntarily participating members. However, since 2016, the organization has not had any active members or benefit plans. In recent developments, the board of trustees has been working on a plan to terminate the organization and distribute its residual assets. This includes pre-paying any remaining expenses and disbursing funds to various 501(c)(3) organizations according to a predetermined distribution plan.
The impact of this transition is multifaceted. While the Trust formerly provided essential health, life, and accident benefits, the cessation of its operations and membership means that previous participants have lost a source of support. The liquidation of funds signals the end of a chapter for the organization, but the decision to distribute its assets to other nonprofit entities can lead to a positive ripple effect within the community, as these funds may be redirected to programs that continue to serve public employees and their families. The trustees’ actions reflect a commitment to ensuring that the Trust's resources benefit the community, even as it moves toward closure.
This information is meant to be a general summary of Michigan Public Employees Benefit Trust C/O Aft Michigan. 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: $96
- Gross Receipts: $96
Assets and Liabilities:
- Total Assets: $0
- Total Liabilities: $0
- Net Assets: $0
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Organization Details
Founding Year
2005
Phone
(313) 496-9429Principal Officer
Mr David Hecker
Main Address
2661 E JEFFERSON, DETROIT, MI, 48207
NTEE Category
Code: Y40 - Mutual benefit
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