Overview
What is Twin Disc Inc Supplemental Unemployment Benefits Plan?
Twin Disc Inc's Supplemental Unemployment Benefits Plan is a program managed by Lori Bydalek in Racine, Wisconsin. Originally designed to offer supplemental unemployment benefits, the plan has undergone a transformation as of December 31, 2018. Instead of providing these benefits, the plan now utilizes its remaining assets to enhance paid-time off for its participants, aiming to improve the overall work-life balance of its beneficiaries.
Is Twin Disc Inc Supplemental Unemployment Benefits Plan legitimate?
Twin Disc Inc Supplemental Unemployment Benefits Plan is a legitimate nonprofit organization registered as a 501(c)(17) entity. Twin Disc Inc Supplemental Unemployment Benefits Plan 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 Twin Disc Inc Supplemental Unemployment Benefits Plan?
The Twin Disc Inc Supplemental Unemployment Benefits Plan, previously providing supplemental unemployment benefits, has been frozen as of December 31, 2018. Instead of offering these benefits, the plan now utilizes its remaining assets to enhance paid-time off opportunities for its participants. This shift aims to provide better work-life balance and support to the plan's beneficiaries. The plan no longer offers supplemental unemployment benefits, but its assets now contribute to improved paid-time off benefits for its participants.
What is the revenue of Twin Disc Inc Supplemental Unemployment Benefits Plan?
Twin Disc Inc Supplemental Unemployment Benefits Plan's revenue in 2021 was $1.
Who are the executives of Twin Disc Inc Supplemental Unemployment Benefits Plan and what are their salaries?
There is 1 key member and their salary:
- Compensation: $700
- Related: $0
- Other: $0
Where can I find the form 990 for Twin Disc Inc Supplemental Unemployment Benefits Plan?
Twin Disc Inc Supplemental Unemployment Benefits Plan's most recent form 990 was submitted in 2021 and can be accessed here.
Mission Statement of Twin Disc Inc Supplemental Unemployment Benefits Plan
The Twin Disc Inc Supplemental Unemployment Benefits Plan, overseen by Lori Bydalek in Racine, Wisconsin, has undergone a significant transformation. Previously, the plan provided supplemental unemployment benefits to its participants. However, as of December 31, 2018, the plan has been frozen and is no longer offering these benefits. Instead, the plan is utilizing its remaining assets to enhance the paid-time-off benefits for its participants. This shift in focus signifies a commitment to providing better support for its beneficiaries, demonstrating the plan's adaptability in response to changing circumstances.
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Impact
October, 2024
The Twin Disc Inc Supplemental Unemployment Benefits Plan has undergone significant changes that directly affect its beneficiaries. As of December 31, 2018, the Plan was frozen, meaning it will no longer provide supplemental unemployment benefits to participants. This decision reflects a strategic shift in the management of the Plan's assets.
Instead of continuing with supplemental benefits, the remaining assets will be reallocated to enhance paid-time off for those covered under the Plan. This shift aims to provide improved support for participants during periods of unemployment or transition, albeit in a different format. By focusing on enhanced paid-time off, the Plan seeks to offer greater flexibility and potentially greater financial stability for beneficiaries, allowing them to manage their time away from work more effectively.
The management of the Plan by Lori Bydalek in Racine, WI, signifies a localized approach to ensuring that the remaining assets are utilized in a manner that maximizes benefit for participants. Overall, while the cessation of supplemental unemployment benefits may pose challenges for some, the reallocation towards enhanced paid-time off represents an alternative method of support during times of need.
This information is meant to be a general summary of Twin Disc Inc Supplemental Unemployment Benefits Plan. 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: $1
- Gross Receipts: $1
Assets and Liabilities:
- Total Assets: $30,250
- Total Liabilities: $0
- Net Assets: $30,250
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Organization Details
Founding Year
2004
Principal Officer
Lori Bydalek
NTEE Category
Code: Y24 - Mutual benefit
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