Overview
What is 3M Employees Welfare Benefits Association Trust Iii?
3M Employees Welfare Benefits Association Trust III is a nonprofit organization located in St. Paul, Minnesota, specifically at 3M Center Building 223-2W-33. Its primary mission is to manage and finance the costs associated with providing life insurance benefits to retired employees of 3M. This involves covering the expenses related to the insurance plans, ensuring financial security for the retired employees in question. The trust's activities are focused solely on this particular aspect, supporting the well-being of retired 3M employees by managing their life insurance benefits.
Is 3M Employees Welfare Benefits Association Trust Iii legitimate?
3M Employees Welfare Benefits Association Trust Iii is a legitimate nonprofit organization registered as a 501(c)(9) entity. 3M Employees Welfare Benefits Association Trust Iii 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: $16,525
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of 3M Employees Welfare Benefits Association Trust Iii?
The mission of 3M Employees Welfare Benefits Association Trust III is centered around financing the expenses associated with offering life insurance benefits to retired employees of 3M. This organization's primary objective is to ensure the continuation of these benefits, thereby providing a sense of security to the retired employees. By managing these financial aspects, the trust aims to maintain the well-being and financial stability of the retired 3M employees in their post-employment phase.
Who is the CEO of 3M Employees Welfare Benefits Association Trust Iii?
The Bank Of New York Mell is the Principal Officer of 3M Employees Welfare Benefits Association Trust Iii.
What is the revenue of 3M Employees Welfare Benefits Association Trust Iii?
3M Employees Welfare Benefits Association Trust Iii's revenue in 2022 was $4,480,877.
Who are the executives of 3M Employees Welfare Benefits Association Trust Iii and what are their salaries?
There is 1 key member and their salary:
- Compensation: $16,525
- Related: $0
- Other: $0
Where can I find the form 990 for 3M Employees Welfare Benefits Association Trust Iii?
3M Employees Welfare Benefits Association Trust Iii's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of 3M Employees Welfare Benefits Association Trust Iii
3M Employees Welfare Benefits Association Trust III is an entity dedicated to financing the expenses associated with offering life insurance benefits to retired employees of the 3M Company. Its primary mission is to ensure the financial sustainability of these benefits, enabling retired 3M employees to continue enjoying this crucial coverage in their post-employment years. By managing the financial aspects of these benefits, this trust enables 3M to demonstrate its commitment to the well-being of its retired employees, fostering a sense of security and peace of mind during their golden years.
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Impact
October, 2024
3M Employees Welfare Benefits Association Trust III plays a crucial role in enhancing the financial security of retired 3M employees by financing the costs of their life insurance benefits. This support ensures that retirees have access to essential life insurance coverage, providing them with peace of mind during their retirement years. By alleviating the financial burden associated with life insurance, the trust contributes to the overall well-being of individuals who dedicated their careers to 3M. The trust's mission is significant, as it helps maintain a sense of stability and security for retirees, enabling them to navigate their post-employment lives with greater confidence. Located in St. Paul, MN, the trust serves as a vital resource for fostering mutual benefit among its members and ensuring that the legacy of 3M’s commitment to its employees continues long after their careers have ended.
This information is meant to be a general summary of 3M Employees Welfare Benefits Association Trust Iii. 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: $4,480,877
- Gross Receipts: $4,480,877
Assets and Liabilities:
- Total Assets: $488,397
- Total Liabilities: $17,569
- Net Assets: $470,828
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Organization Details
Founding Year
1992
Phone
(651) 302-6523Principal Officer
The Bank Of New York Mell
Main Address
3M CENTER BUILDING 223-2W-33, ST PAUL, MN, 55144
NTEE Category
Code: Y43 - Mutual benefit
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