Overview
What is Northrop Grumman Innovation Systems Veba Trust?
Northrop Grumman Innovation Systems Veba Trust is a nonprofit establishment, located in El Segundo, California, with a focus on offering medical and life insurance benefits to eligible retirees and their dependents. This trust operates under the Northrop Grumman Innovation Systems, Inc. benefit programs. The primary objective of the trust is to provide these crucial insurance benefits, ensuring financial security for its beneficiaries. The total benefits paid out during the year amounted to $1,179,286.
Is Northrop Grumman Innovation Systems Veba Trust legitimate?
Northrop Grumman Innovation Systems Veba Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Northrop Grumman Innovation Systems Veba 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: $17,858
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Northrop Grumman Innovation Systems Veba Trust?
The Northrop Grumman Innovation Systems Veba Trust was established with the primary objective of providing medical and life insurance benefits to eligible retirees and their dependents. This trust operates under the Northrop Grumman Innovation Systems, Inc. benefit programs, ensuring the well-being of its retirees and their families. The trust's activities are centered around offering comprehensive insurance benefits, totaling $1,179,286 in benefits paid out during the year, to the eligible retirees and their dependents. The mission of the Northrop Grumman Innovation Systems Veba Trust is to safeguard the health and financial security of its retirees, providing them with peace of mind in their post-career years.
Who is the CEO of Northrop Grumman Innovation Systems Veba Trust?
Brett Schommer-Kogler is the Trustee of Northrop Grumman Innovation Systems Veba Trust.
What is the revenue of Northrop Grumman Innovation Systems Veba Trust?
Northrop Grumman Innovation Systems Veba Trust's revenue in 2022 was $41,573.
Who are the executives of Northrop Grumman Innovation Systems Veba Trust and what are their salaries?
There is 1 key member and their salary:
- Compensation: $17,858
- Related: $0
- Other: $0
Where can I find the form 990 for Northrop Grumman Innovation Systems Veba Trust?
Northrop Grumman Innovation Systems Veba Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Northrop Grumman Innovation Systems Veba Trust
Northrop Grumman Innovation Systems Veba Trust is a specialized entity, established for the sole purpose of offering medical and life insurance benefits to its eligible retirees and their dependents. This trust operates under the broader Northrop Grumman Innovation Systems, Inc. benefit program, ensuring financial security and healthcare coverage for its retired workforce. The trust's mission is to provide these vital insurance benefits, contributing to the well-being and peace of mind of its retirees and their families. During the year, the trust disbursed a total of $1,179,286 in benefits, demonstrating its commitment to fulfilling its mission.
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Impact
October, 2024
The Northrop Grumman Innovation Systems Veba Trust plays a crucial role by providing essential medical and life insurance benefits to eligible retirees and their dependents. By offering these benefits, the Trust supports the well-being and financial security of former employees who contributed to the company. In the past year alone, the Trust facilitated benefits totaling $1,179,286, ensuring that retirees have access to necessary healthcare services and financial protection during their retirement years. This dedicated support fosters a sense of security among retirees and their families, reflecting the commitment to their ongoing health and welfare.
This information is meant to be a general summary of Northrop Grumman Innovation Systems Veba 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: $40,565
- Program Service Revenue: $1,008
- Gross Receipts: $1,387,127
Assets and Liabilities:
- Total Assets: $20,335,355
- Total Liabilities: $1,226,667
- Net Assets: $19,108,688
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYEE CONTRIBUTIONS
Revenue
$1,008
Organization Details
Founding Year
1992
Phone
(310) 331-6583Principal Officer
Brett Schommer-Kogler
Main Address
1960 E GRAND AVENUE 900, EL SEGUNDO, CA, 90245
NTEE Category
Code: Y40 - Mutual benefit
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