Overview
What is Uwmf Faculty Physicians Veba And Trust?
Uwmf Faculty Physicians Veba And Trust is a nonprofit organization affiliated with the University of Wisconsin Medical Foundation. Their primary purpose is to offer eligible employees an additional life insurance benefit of up to $450,000, in addition to any basic group life plan coverage they may have. This additional coverage is made available through a Voluntary Employers' Beneficiary Association (VEBA) plan, which the employees can opt into. This initiative aims to provide a financial safety net for the employees and their families in the event of an unfortunate demise.
Is Uwmf Faculty Physicians Veba And Trust legitimate?
Uwmf Faculty Physicians Veba And Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Uwmf Faculty Physicians Veba And 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Uwmf Faculty Physicians Veba And Trust?
The Uwmf Faculty Physicians Veba And Trust's mission is centered around providing additional life insurance benefits to eligible employees of the University of Wisconsin Medical Foundation. Specifically, this organization offers up to $450,000 of additional life insurance to employees who opt to participate in the Veba plan, beyond the life insurance coverage provided under the basic group life plan. This initiative serves as an additional layer of financial security for these employees and their families in the event of a tragic loss.
Who is the CEO of Uwmf Faculty Physicians Veba And Trust?
Robert W Flannery is the Svp/Chief Financial Officer of Uwmf Faculty Physicians Veba And Trust.
What is the revenue of Uwmf Faculty Physicians Veba And Trust?
Uwmf Faculty Physicians Veba And Trust's revenue in 2022 was $679,233.
Who are the executives of Uwmf Faculty Physicians Veba And Trust and what are their salaries?
There is 1 key member and their salary:
- Compensation: $0
- Related: $1,139,055
- Other: $195,823
Where can I find the form 990 for Uwmf Faculty Physicians Veba And Trust?
Uwmf Faculty Physicians Veba And Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Uwmf Faculty Physicians Veba And Trust
Uwmf Faculty Physicians Veba And Trust, as a mission-driven entity, aims to provide an additional life insurance benefit to eligible employees of the University of Wisconsin Medical Foundation. For those who opt into the Veba plan, this organization offers an extra coverage of up to $450,000. This additional life insurance complements any basic group life insurance plan they may already have. By doing so, Uwmf Faculty Physicians Veba And Trust is dedicated to providing an extra layer of financial security to its participating employees.
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Impact
October, 2024
UWMF Faculty Physicians VEBA and Trust significantly impacts eligible employees of the University of Wisconsin Medical Foundation by offering additional financial security through life insurance. By providing up to $450,000 in additional life insurance for those who elect to participate, the organization enhances the overall benefits package available to employees. This support helps ensure that employees can protect their families and loved ones against financial uncertainties associated with life events. The commitment to improving the financial well-being of its members fosters a sense of security and peace of mind, ultimately contributing to a more satisfied and engaged workforce.
This information is meant to be a general summary of Uwmf Faculty Physicians Veba And 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: $705
- Program Service Revenue: $678,528
- Gross Receipts: $679,233
Assets and Liabilities:
- Total Assets: $57,427
- Total Liabilities: $0
- Net Assets: $57,427
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PARTICIPANT CONTRIBUTI
Revenue
$678,528
Organization Details
Founding Year
1997
Phone
(608) 828-6813Principal Officer
Robert W Flannery
Main Address
7974 UW HEALTH COURT, MIDDLETON, WI, 53562
NTEE Category
Code: Y40 - Mutual benefit
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