Wells Fargo & Co Employee Benefit Trust For Retiree

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 411713318 ✦ Minneapolis, MN ✦ Designated as a 501(c)(9)

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Overview

What is Wells Fargo & Co Employee Benefit Trust For Retiree?

The Wells Fargo & Co Employee Benefit Trust for Retirees is a nonprofit organization based in Minneapolis, Minnesota, specifically at 222 South 9th Street STE 1400, ZIP code 55402. Its primary mission is to extend medical benefits to retired employees of Wells Fargo Co. The trust was established for this exempt purpose and focuses on providing essential healthcare services to those who have retired from the company.

Is Wells Fargo & Co Employee Benefit Trust For Retiree legitimate?

Wells Fargo & Co Employee Benefit Trust For Retiree is a legitimate nonprofit organization registered as a 501(c)(9) entity. Wells Fargo & Co Employee Benefit Trust For Retiree 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 Wells Fargo & Co Employee Benefit Trust For Retiree?

This trust, named Wells Fargo & Co Employee Benefit Trust For Retiree, was established with the primary objective of providing medical benefits for the retired employees of Wells Fargo Co. The trust's mission revolves around ensuring the well-being of retired employees by offering them essential healthcare coverage. By doing so, the trust aims to contribute to their overall health and wellbeing in their post-employment years. The trust remains committed to fulfilling this purpose, making a significant difference in the lives of the beneficiaries. It provides a vital safety net, enabling retired employees to access necessary medical care and maintain their health. The trust's dedication to helping retired employees secure their medical benefits is an essential aspect of its mission.

Who is the CEO of Wells Fargo & Co Employee Benefit Trust For Retiree?

Jeff Roy is the Institutional Trustee of Wells Fargo & Co Employee Benefit Trust For Retiree.

What is the revenue of Wells Fargo & Co Employee Benefit Trust For Retiree?

Wells Fargo & Co Employee Benefit Trust For Retiree's revenue in 2022 was $55,430,211.

Who are the executives of Wells Fargo & Co Employee Benefit Trust For Retiree and what are their salaries?


There is 1 key member and their salary:


Principal Financial Group (Institutional Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Wells Fargo & Co Employee Benefit Trust For Retiree?

Wells Fargo & Co Employee Benefit Trust For Retiree's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Wells Fargo & Co Employee Benefit Trust For Retiree

The Wells Fargo & Co Employee Benefit Trust For Retiree is a charitable trust with a noble mission: to ensure the well-being of retired employees from Wells Fargo Co by providing them with essential medical benefits. In essence, the trust serves as a safety net for these retirees, offering them access to vital healthcare services they may need in their golden years. By focusing on the health and welfare of its beneficiaries, this trust embodies the values of compassion and care.

Established with the clear intention of supporting the retired workforce of Wells Fargo Co, this trust aims to maintain their well-being and improve their quality of life. The exempt purpose of the trust is to grant medical benefits to those who have dedicated their professional lives to Wells Fargo Co. By providing these benefits, the trust not only acknowledges the invaluable contributions of these retirees but also ensures they have the necessary resources to live a healthy and fulfilling post-retirement life.

In summary, the Wells Fargo & Co Employee Benefit Trust For Retiree is a beacon of support for the retired employees of Wells Fargo Co. By offering medical benefits, this trust strives to ease their concerns about healthcare and allow them to focus on enjoying their retirement years. This humanitarian endeavor reflects the trust's commitment to the well-being of its beneficiaries and the importance of recognizing and caring for those who have devoted their careers to a company.

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Impact




October, 2024

The Wells Fargo & Co Employee Benefit Trust For Retirees plays a crucial role in ensuring that retired employees of Wells Fargo have access to essential medical benefits. By providing support for healthcare expenses, the trust alleviates financial burdens associated with medical needs, fostering a sense of security and well-being among retirees. This commitment to the health of former employees reflects the company's dedication to their long-term welfare, maintaining a positive relationship with its workforce even after retirement. Moreover, such benefits can contribute to overall employee satisfaction and retention during an employee's tenure, as individuals may feel more valued and secure knowing there is a safety net for their post-retirement health needs. Operating out of Minneapolis, Minnesota, the trust serves a vital function in promoting the health and wellness of its beneficiaries, ultimately contributing to the community's overall welfare.




This information is meant to be a general summary of Wells Fargo & Co Employee Benefit Trust For Retiree. 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.

Revenue
$55,430,211 (2022)
Expenses
$54,873,611 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $922,698
  • Program Service Revenue: $42,049,409
  • Gross Receipts: $55,430,211

Assets and Liabilities:

  • Total Assets: $277,132,250
  • Total Liabilities: $0
  • Net Assets: $277,132,250

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

Employer Contributions

Revenue

$1,516,363

Employee Contributions

Revenue

$40,533,046

Organization Details

Founding Year

1991

Principal Officer

Jeff Roy

Main Address

222 South 9th Street STE 1400, Minneapolis, MN, 55402

NTEE Category

Code: Y40 - Mutual benefit

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