Overview
What is Honeywell Voluntary Employees' Beneficiary Association?
The Honeywell Voluntary Employees' Beneficiary Association (HEBA) is a nonprofit organization situated in Charlotte, North Carolina. Its primary purpose is to offer medical and welfare benefits to a specific group of retired employees from Honeywell International Inc., who have reached the age of 65. This includes providing a health plan and an optional mail-order prescription drug feature to complement Medicare coverage. HEBA's mission is to ensure the well-being of its members and enhance their post-retirement life.
Is Honeywell Voluntary Employees' Beneficiary Association legitimate?
Honeywell Voluntary Employees' Beneficiary Association is a legitimate nonprofit organization registered as a 501(c)(9) entity. Honeywell Voluntary Employees' Beneficiary 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: $10,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Honeywell Voluntary Employees' Beneficiary Association?
The Honeywell Voluntary Employees' Beneficiary Association is dedicated to providing medical and other welfare benefits to a specific group of retirees from Honeywell International Inc., primarily those who have reached the age of 65. The association offers an additional feature for mail-order prescription drugs to complement Medicare coverage, aiming to enhance the healthcare benefits for its members. The mission of Honeywell Voluntary Employees' Beneficiary Association is to support the health and well-being of its post-retirement Honeywell employees by providing comprehensive benefits.
What is the revenue of Honeywell Voluntary Employees' Beneficiary Association?
Honeywell Voluntary Employees' Beneficiary Association's revenue in 2024 was $80,412.
Who are the executives of Honeywell Voluntary Employees' Beneficiary Association and what are their salaries?
There is 1 key member and their salary:
- Compensation: $10,000
- Related: $0
- Other: $0
Where can I find the form 990 for Honeywell Voluntary Employees' Beneficiary Association?
Honeywell Voluntary Employees' Beneficiary Association's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of Honeywell Voluntary Employees' Beneficiary Association
The Honeywell Voluntary Employees' Beneficiary Association, abbreviated as HVEBA, is dedicated to providing medical and other welfare benefits to a specific group of individuals. This nonprofit organization focuses on offering a health plan exclusively for Honeywell International Inc.'s post-65 retirees. Beyond medical coverage, HVEBA also provides an optional mail order prescription drug feature to enhance Medicare coverage. The primary objective of HVEBA is to ensure the well-being and health of its beneficiaries, providing them with essential medical and welfare benefits.
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Impact
October, 2024
The Honeywell Voluntary Employees' Beneficiary Association (VEBA) significantly impacts the well-being of Honeywell International Inc. post-65 retirees by providing essential medical and welfare benefits tailored to their unique needs. By offering a health plan exclusively for this closed group, the VEBA ensures that retirees have access to comprehensive health coverage, which is particularly crucial as they navigate healthcare challenges in their later years.
In addition to the core health plan, the optional mail order prescription drug feature enhances Medicare coverage, allowing retirees to manage their medications more conveniently and cost-effectively. This added benefit not only alleviates the financial burden of prescription costs but also promotes continuity in care, ensuring that members can maintain their health without interruption.
Based in Charlotte, NC, the association serves as a vital resource for retirees, fostering a sense of community and support among members who share similar life experiences. Overall, the Honeywell VEBA plays a pivotal role in enhancing the quality of life for its members, demonstrating a strong commitment to their health and welfare.
This information is meant to be a general summary of Honeywell Voluntary Employees' Beneficiary 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 2024.
- Investment Income: $80,412
- Gross Receipts: $80,412
Assets and Liabilities:
- Total Assets: $2,806,234
- Total Liabilities: $0
- Net Assets: $2,806,234
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Organization Details
Founding Year
1991
Principal Officer
Principal Bank
NTEE Category
Code: Y40 - Mutual benefit
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