Overview
What is 3M Employees' Benefits Trust Association?
The 3M Employees' Benefits Trust Association is a nonprofit organization situated at 3M Center Building 224-5N-40, St Paul, Minnesota, with a ZIP code of 55144. Their primary mission is to finance the cost of life and survivor insurance arrangements for current 3M employees. By managing these insurance plans, they ensure the workforce is protected and supported with essential coverage.
What are the reviews and ratings of this charity?
The 3M Employees' Benefits Trust Association is not currently rated on Charity Navigator because the platform only evaluates organizations registered as 501(c)(3) nonprofits with the IRS. This organization does not fall under that category, making it ineligible for the typical Accountability & Finance, Impact & Measurement, or Leadership & Adaptability evaluations used to generate ratings.
The absence of a Charity Navigator rating does not imply a positive or negative assessment of the Trust Association. Historically, ratings for organizations of its type would reflect an Accountability and Finance score, but such a methodology cannot be applied due to its current status. Basic financial data like total revenue, expenses, and key persons' salaries are also unavailable.
GreatNonprofits does not feature user reviews for the 3M Employees' Benefits Trust Association. Without user feedback, insights from the general public's interactions with this organization are not accessible, leaving a gap in understanding stakeholder satisfaction or areas in need of improvement.
This AI summary has been generated from information found on Charity Navigator.
Is 3M Employees' Benefits Trust Association legitimate?
3M Employees' Benefits Trust Association is a legitimate nonprofit organization registered as a 501(c)(9) entity. 3M Employees' Benefits Trust Association 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
For more financial information, click here
What is the mission statement of 3M Employees' Benefits Trust Association?
The 3M Employees' Benefits Trust Association is dedicated to funding the expenses related to life and survivor insurance arrangements for the current workforce of 3M. Through this commitment, the organization ensures the financial security of employees by taking care of their insurance needs. By assuming the financial burden of these insurance plans, the Trust Association enables employees to focus on their professional and personal lives with peace of mind. The Trust Association's role is crucial in maintaining a supportive work environment and fostering employee engagement and satisfaction.
Who is the CEO of 3M Employees' Benefits Trust Association?
The Bank Of New York Mell is the Principal Officer of 3M Employees' Benefits Trust Association.
What is the revenue of 3M Employees' Benefits Trust Association?
3M Employees' Benefits Trust Association's revenue in 2022 was $14,742,326.
Who are the executives of 3M Employees' Benefits Trust Association and what are their salaries?
There is 1 key member and their salary:
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for 3M Employees' Benefits Trust Association?
3M Employees' Benefits Trust Association's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of 3M Employees' Benefits Trust Association
The 3M Employees' Benefits Trust Association plays a vital role in financing the cost of life and survivor insurance arrangements for current employees of 3M. Established to support the workforce, this organization ensures that 3M employees have access to essential insurance coverage. By assuming the financial burden of these arrangements, the Trust Association enables employees to focus on their jobs and well-being, rather than worrying about their financial security. The mission of the 3M Employees' Benefits Trust Association is multifaceted. It not only covers the cost of insurance premiums but also extends a sense of security and peace of mind to the employees and their families. This safety net instills confidence and allows employees to perform at their best, knowing that their loved ones are protected. The Trust Association's role is a testament to 3M's commitment to its workforce and their families, fostering a sense of loyalty and engagement within the organization. Employees can rest assured that their financial well-being is taken care of, enabling them to focus on their professional growth and contributing to the company's success.
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Impact
October, 2024
The 3M Employees' Benefits Trust Association plays a crucial role in providing financial security to current 3M employees by financing life and survivor insurance arrangements. This support enhances employees' peace of mind, ensuring that they have access to essential benefits that safeguard their families' financial well-being in the event of unforeseen circumstances. Located in St. Paul, MN, the association focuses on mutual benefit, fostering a sense of community and support among employees while contributing to their overall job satisfaction and loyalty to the company. By prioritizing essential insurance arrangements, the trust association significantly impacts the lives of employees, reinforcing the importance of financial protection in the workplace.
This information is meant to be a general summary of 3M Employees' Benefits Trust Association. 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: $174,975
- Program Service Revenue: $14,567,351
- Gross Receipts: $22,019,909
Assets and Liabilities:
- Total Assets: $4,217,705
- Total Liabilities: $0
- Net Assets: $4,217,705
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBER CONTRIBUTIONS
Revenue
$14,231,209
STABALIZATION AND EXPERIENCE REFU
Revenue
$336,142
Organization Details
Founding Year
1981
Phone
(651) 736-8146Principal Officer
The Bank Of New York Mell
Main Address
3M CENTER BUILDING 224-5N-40, ST PAUL, MN, 55144
NTEE Category
Code: Y40 - Mutual benefit
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