Overview
What is Hb Fuller Company Welfare Benefits Trust - Veba?
Hb Fuller Company Welfare Benefits Trust - Veba is a nonprofit organization, specifically a trust, established to provide post-retirement benefits to former employees of H.B. Fuller Company. Based in St. Paul, Minnesota, its primary mission is to ensure the welfare and financial security of those who have worked for the company, offering benefits that support their retirement needs. The organization operates under the purpose of providing essential services and support to its beneficiaries after their active employment with H.B. Fuller Company has ended.
Is Hb Fuller Company Welfare Benefits Trust - Veba legitimate?
Hb Fuller Company Welfare Benefits Trust - Veba is a legitimate nonprofit organization registered as a 501(c)(9) entity. Hb Fuller Company Welfare Benefits Trust - Veba 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: $11,290
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Hb Fuller Company Welfare Benefits Trust - Veba?
The Hb Fuller Company Welfare Benefits Trust - Veba is established with the mission to provide post-retirement benefits to former employees of H.B. Fuller Company. Its primary objective is to ensure the financial security and well-being of these retired workers. The trust aims to offer a range of benefits that cater to the needs of these employees in their post-retirement life. The trust serves as a safety net, providing essential support and assistance during this phase of their lives. The purpose of the trust is to demonstrate H.B. Fuller Company's commitment to their long-term employees, demonstrating a sense of responsibility and care beyond their active employment.
Who is the CEO of Hb Fuller Company Welfare Benefits Trust - Veba?
Us Bank Na is the Principal Officer of Hb Fuller Company Welfare Benefits Trust - Veba.
What is the revenue of Hb Fuller Company Welfare Benefits Trust - Veba?
Hb Fuller Company Welfare Benefits Trust - Veba's revenue in 2022 was $3,688,672.
Who are the executives of Hb Fuller Company Welfare Benefits Trust - Veba and what are their salaries?
There is 1 key member and their salary:
- Compensation: $11,290
- Related: $0
- Other: $0
Where can I find the form 990 for Hb Fuller Company Welfare Benefits Trust - Veba?
Hb Fuller Company Welfare Benefits Trust - Veba's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Hb Fuller Company Welfare Benefits Trust - Veba
The Hb Fuller Company Welfare Benefits Trust-Veba, in its mission, aims to offer post-retirement benefits to former employees of H.B. Fuller Company. This nonprofit organization is dedicated to providing a secure financial future for individuals who have contributed their time and skills to H.B. Fuller Company during their working years. By offering post-retirement benefits, the Hb Fuller Company Welfare Benefits Trust-Veba seeks to ensure that these individuals can maintain a certain level of financial stability and well-being in their later years. The mission of this trust is critical in acknowledging the contributions made by these former employees and providing them with the support they deserve in their retirement.
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Impact
October, 2024
Hb Fuller Company Welfare Benefits Trust - Veba plays a significant role in providing post-retirement benefits to former employees of H.B. Fuller Company. This trust ensures that retirees have access to essential benefits that support their health and well-being after they leave the workforce. By offering these benefits, the trust helps to enhance the financial security of retirees, allowing them to navigate their post-employment years with greater peace of mind.
Located in St. Paul, MN, the trust operates with the core mission of mutual benefit, reflecting the commitment of H.B. Fuller Company to its former employees. The impact of such a trust can be profound, as it fosters goodwill and loyalty, potentially influencing current employees' perceptions of the company's value and support for its workforce.
This information is meant to be a general summary of Hb Fuller Company Welfare Benefits Trust - Veba. 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: $15,937
- Program Service Revenue: $3,672,735
- Gross Receipts: $3,688,672
Assets and Liabilities:
- Total Assets: $120,781,869
- Total Liabilities: $6,868
- Net Assets: $120,775,001
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LIFE INSURANCE POLICY
Revenue
$3,548,139
PARTICIPANT CONTRIBUTI
Revenue
$124,596
Organization Details
Founding Year
1996
Phone
(651) 236-5847Principal Officer
Us Bank Na
Main Address
PO BOX 64683, ST PAUL, MN, 551640683
NTEE Category
Code: Y40 - Mutual benefit
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