Overview
What is 3M Employees Welfare Benefits Association Trust I?
The 3M Employees Welfare Benefits Association Trust I is a nonprofit organization primarily dedicated to financing health care benefits for retired employees of 3M. Based in St. Paul, Minnesota, the trust provides essential health care services to this specific group. The organization's mission is focused on ensuring retired 3M employees have access to necessary health care benefits. There is no further information in the given data about additional programs, initiatives, or employee numbers.
Is 3M Employees Welfare Benefits Association Trust I legitimate?
3M Employees Welfare Benefits Association Trust I is a legitimate nonprofit organization registered as a 501(c)(9) entity. 3M Employees Welfare Benefits Association Trust I 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: $29,365
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of 3M Employees Welfare Benefits Association Trust I?
The 3M Employees Welfare Benefits Association Trust I is dedicated to financing health care benefits for retired employees of 3M. Through its mission, the Trust aims to ensure that retired workers continue to receive essential health care services. The Trust's primary focus is on providing financial support for health care benefits, ensuring that retired 3M employees have access to necessary medical care. By managing and funding these benefits, the Trust plays a crucial role in maintaining the well-being and health of its beneficiaries. The Trust's commitment to financing health care benefits extends to a significant number of retired employees, demonstrating a strong sense of responsibility and care towards its members.
Who is the CEO of 3M Employees Welfare Benefits Association Trust I?
The Bank Of New York Mell is the Principal Officer of 3M Employees Welfare Benefits Association Trust I.
What is the revenue of 3M Employees Welfare Benefits Association Trust I?
3M Employees Welfare Benefits Association Trust I's revenue in 2022 was $29,921,658.
Who are the executives of 3M Employees Welfare Benefits Association Trust I and what are their salaries?
There is 1 key member and their salary:
- Compensation: $29,365
- Related: $0
- Other: $0
Where can I find the form 990 for 3M Employees Welfare Benefits Association Trust I?
3M Employees Welfare Benefits Association Trust I's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of 3M Employees Welfare Benefits Association Trust I
The 3M Employees Welfare Benefits Association Trust I plays a vital role in financing health care benefits for retired employees of 3M. This nonprofit organization is dedicated to ensuring the well-being of its beneficiaries by providing them with essential healthcare coverage.
In their mission to make a difference in the lives of retired 3M employees, the Trust faithfully finances healthcare benefits. By assuming this financial burden, they enable their members to access necessary medical services without undue financial strain. The Trust's commitment to the welfare of its members is unwavering, and its efforts are centered around delivering quality healthcare benefits.
Through its financial support, the 3M Employees Welfare Benefits Association Trust I enables retired employees to maintain their health and well-being. By assuming the responsibility of financing healthcare, the Trust provides peace of mind and security for its members, allowing them to focus on their health and recovery. With their financial backing, retired 3M employees can access essential medical services, enabling them to live their golden years with dignity and security.
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Impact
October, 2024
3M Employees Welfare Benefits Association Trust I plays a significant role in enhancing the well-being of retired 3M employees by financing their healthcare benefits. This support ensures that retirees can access essential medical services, which contributes to their overall quality of life during retirement. By providing financial backing for healthcare needs, the Trust directly alleviates potential financial burdens that retirees might face, fostering peace of mind and security.
Located in St. Paul, MN, the Trust serves a critical purpose within the community of former 3M employees, reinforcing the company's commitment to its workforce even after retirement. The focus on mutual benefit underscores a collective responsibility towards the health and welfare of former employees, establishing a legacy of care and support that extends beyond active employment. Through its activities, the Trust not only addresses immediate healthcare needs but also enriches the lives of retirees, allowing them to enjoy their years after work with dignity and assurance.
This information is meant to be a general summary of 3M Employees Welfare Benefits Association Trust I. 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: $29,921,658
- Gross Receipts: $29,921,658
Assets and Liabilities:
- Total Assets: $284,178,091
- Total Liabilities: $27,695,683
- Net Assets: $256,482,408
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Organization Details
Founding Year
1976
Phone
(651) 302-6523Principal Officer
The Bank Of New York Mell
Main Address
3M CENTER BUILDING 223-2W-33, ST PAUL, MN, 55144
NTEE Category
Code: Y43 - Mutual benefit
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