Overview
What is Wpsc Master Welfare Benefit Trust?
The Wpsc Master Welfare Benefit Trust is a nonprofit entity established in Milwaukee, Wisconsin. Its primary objective is to manage contributions made towards employee and employer benefits under the Wisconsin Public Service Corporation (WPSC) Non-Administrative Employee Health Care Plan and WPSC Life & Long-Term Disability Plan. The trust serves to collect these contributions and subsequently disburse payments to satisfy member claims under these plans. The trust's mission focuses on providing financial support to ensure the welfare of its members.
Is Wpsc Master Welfare Benefit Trust legitimate?
Wpsc Master Welfare Benefit Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Wpsc Master Welfare Benefit 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.
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What is the mission statement of Wpsc Master Welfare Benefit Trust?
The Wpsc Master Welfare Benefit Trust was established with the purpose of supporting Section 501(c)(9) plans under the Wisconsin Public Service Corporation (WPSC). Its primary mission is to receive and hold contributions made by both employees and employers, specifically for the WPSC Non-Administrative Employee Health Care Plan and WPSC Life & Long-Term Disability Plan. The trust's main objective is to disburse payments and fulfill member claims under these plans. This ensures the financial well-being of the plan members by managing their contributions and providing necessary benefits when needed.
Who is the CEO of Wpsc Master Welfare Benefit Trust?
William Guc is the Committee Chair of Wpsc Master Welfare Benefit Trust.
What is the revenue of Wpsc Master Welfare Benefit Trust?
Wpsc Master Welfare Benefit Trust's revenue in 2022 was $1,611,787.
Who are the executives of Wpsc Master Welfare Benefit Trust and what are their salaries?
Here are 6 key members and their salaries:
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Where can I find the form 990 for Wpsc Master Welfare Benefit Trust?
Wpsc Master Welfare Benefit Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Wpsc Master Welfare Benefit Trust
The Wpsc Master Welfare Benefit Trust, as outlined in its mission, serves the purpose of supporting the Section 501(c)(9) plans under the Wisconsin Public Service Corporation (WPSC). This trust is primarily tasked with receiving contributions from both employees and employers, who participate in the WPSC Non-Administrative Employee Health Care Plan and the WPSC Life & Long-Term Disability Plan. The trust's primary objective is to disburse payments and fulfill member claims under these plans. By doing so, the Wpsc Master Welfare Benefit Trust plays a crucial role in ensuring that the benefits promised to its members are delivered as intended.
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Impact
October, 2024
WPSC Master Welfare Benefit Trust plays a significant role in supporting employees by managing contributions and ensuring the fulfillment of claims under health care and disability plans. By receiving and holding both employee and employer contributions, the Trust acts as a financial backbone, enabling effective disbursement of benefits to eligible members.
This structure ensures that employees have access to essential health care services and support during times of need, which can lead to improved well-being and financial stability. By efficiently managing these funds, the Trust provides peace of mind to members, knowing that their health care and long-term disability needs will be met in a timely manner.
The impact of WPSC Master Welfare Benefit Trust can be seen in the enhanced quality of life for employees and their families, as they receive the necessary support for health-related expenses. Additionally, by fostering a sense of community and mutual benefit, the Trust contributes to overall employee satisfaction and loyalty within the Wisconsin Public Service Corporation.
This information is meant to be a general summary of Wpsc Master Welfare Benefit 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: $1,338,111
- Program Service Revenue: $250,285
- Gross Receipts: $76,940,182
Assets and Liabilities:
- Total Assets: $259,461,615
- Total Liabilities: $0
- Net Assets: $259,461,615
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PARTICIPANT CONTRIBUTIONS
Revenue
$250,285
Organization Details
Founding Year
1925
Phone
(312) 240-4373Principal Officer
William Guc
Main Address
231 W Michigan Street, Milwaukee, WI, 53203
NTEE Category
Code: Y40 - Mutual benefit
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