Overview
What is Post-Retirement Benefit Plan And Trust For Eligible Employees Of Lansing Board?
The Post-Retirement Benefit Plan and Trust for Eligible Employees of Lansing Board is a nonprofit organization based in Lansing, Michigan. Their primary mission is to provide post-retirement health and life insurance benefits for retirees of the Lansing Board of Water and Light, in accordance with IRC Section 501(c)(9). During the tax period ending June 30, 2023, the organization received an employer contribution of $68,076 to support this cause. This contribution enables the organization to continue providing essential benefits to retired employees of the Lansing Board of Water and Light, ensuring their well-being after their working years.
Is Post-Retirement Benefit Plan And Trust For Eligible Employees Of Lansing Board legitimate?
Post-Retirement Benefit Plan And Trust For Eligible Employees Of Lansing Board is a legitimate nonprofit organization registered as a 501(c)(9) entity. Post-Retirement Benefit Plan And Trust For Eligible Employees Of Lansing Board 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.
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What is the mission statement of Post-Retirement Benefit Plan And Trust For Eligible Employees Of Lansing Board?
The Post-Retirement Benefit Plan and Trust for Eligible Employees of Lansing Board is a non-profit organization dedicated to providing post-retirement health and life insurance benefits to retirees. Its mission is to ensure the welfare of retirees by offering essential insurance coverage, allowing them to maintain their health and wellbeing in their post-career years. The organization receives contributions from employers, as evidenced by the $68,076 received during the tax period ending June 30, 2023, for this purpose. This contribution falls under IRC Section 501(c)(9), which permits such post-retirement benefits for eligible employees. The organization's goal is to enhance the quality of life for retirees by alleviating the financial burden of healthcare and insurance in their post-retirement phase.
Who is the CEO of Post-Retirement Benefit Plan And Trust For Eligible Employees Of Lansing Board?
Heather Shawa Rpc Chair is the Trustee of Post-Retirement Benefit Plan And Trust For Eligible Employees Of Lansing Board.
What is the revenue of Post-Retirement Benefit Plan And Trust For Eligible Employees Of Lansing Board?
Post-Retirement Benefit Plan And Trust For Eligible Employees Of Lansing Board's revenue in 2023 was $32,161,187.
Who are the executives of Post-Retirement Benefit Plan And Trust For Eligible Employees Of Lansing Board and what are their salaries?
Here are 8 key members and their salaries:
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Where can I find the form 990 for Post-Retirement Benefit Plan And Trust For Eligible Employees Of Lansing Board?
Post-Retirement Benefit Plan And Trust For Eligible Employees Of Lansing Board's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Post-Retirement Benefit Plan And Trust For Eligible Employees Of Lansing Board
The Post-Retirement Benefit Plan and Trust for Eligible Employees of Lansing Board is a mission-driven organization dedicated to providing essential health and life insurance benefits to retirees of the Lansing Board of Water and Light. In simple terms, this nonprofit ensures the well-being of retired individuals from the Lansing Board by granting them access to vital post-retirement benefits, as permitted under Internal Revenue Code Section 501(c)(9).
This nonprofit organization's primary goal is to secure the financial and health security of the retirees from the Lansing Board. By receiving contributions from the employer for this purpose, the trust can provide these retirees with much-needed peace of mind, knowing they have access to essential healthcare and life insurance benefits. The benefits offered by the Post-Retirement Benefit Plan and Trust for Eligible Employees of Lansing Board are instrumental in ensuring that retirees can enjoy their golden years with confidence and dignity.
For the fiscal year ending June 30, 2023, the organization received an employer contribution of $68,076. This significant contribution enabled the plan to continue providing essential health and life insurance benefits to the retirees of the Lansing Board of Water and Light. The trust's unwavering commitment to its mission plays a crucial role in the retirees' lives, allowing them to focus on their well-being and happiness in their post-career years.
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Impact
October, 2024
The Post-Retirement Benefit Plan And Trust For Eligible Employees Of Lansing Board plays a crucial role in providing post-retirement health and life insurance benefits to retirees of the Lansing Board of Water and Light. By facilitating access to essential health coverage and life insurance, the plan ensures that retired employees can maintain financial security and health stability during their retirement years.
For the tax period ending June 30, 2023, the organization received an employer contribution of $68,076, which underscores the commitment to support retirees. This funding is vital for covering healthcare costs and ensuring that seniors have access to necessary medical services, directly impacting their quality of life. Moreover, the availability of such benefits helps to attract and retain employees during their working years, knowing that their post-retirement needs will be cared for.
Additionally, the plan operates under the provisions of IRC Section 501(c)(9), which allows for the establishment of voluntary employees' beneficiary associations (VEBA). This framework enhances the ability to provide these benefits tax efficiently, ultimately benefiting both retirees and the organization. The impact of this trust extends beyond financial assistance; it fosters a sense of appreciation and security for the retired employees of the Lansing Board, reinforcing community bonds and promoting well-being among former workers.
This information is meant to be a general summary of Post-Retirement Benefit Plan And Trust For Eligible Employees Of Lansing Board. 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 2023.
- Investment Income: $32,093,111
- Program Service Revenue: $68,076
- Gross Receipts: $86,576,473
Assets and Liabilities:
- Total Assets: $240,835,638
- Total Liabilities: $2,365,067
- Net Assets: $238,470,571
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTION
Revenue
$68,076
Organization Details
Founding Year
1999
Phone
(517) 702-6147Principal Officer
Heather Shawa Rpc Chair
Main Address
PO BOX 13007, LANSING, MI, 489013007
NTEE Category
Code: Y44 - Mutual benefit
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