Overview
What is Usb Welfare Benefit Plan?
The Usb Welfare Benefit Plan is a voluntary Employee Benefit Association (VEBA) established to finance and distribute employee benefits. This nonprofit organization, based in Milwaukee, Wisconsin, offers various forms of insurance coverage to cater to the needs of its members. More specifically, it provides life, accident, sickness, medical, surgical, and dental benefits as well as short or long-term disability income replacement benefits, as defined in the Benefit Plan. The primary mission of the Usb Welfare Benefit Plan is to ensure the well-being of its members by maintaining and potentially purchasing insurance policies to deliver comprehensive coverage.
What are the reviews and ratings of this charity?
Usb Welfare Benefit Plan is currently not rated by Charity Navigator. The lack of a rating stems from the organization's status as a non-501(c)(3) entity, which means it does not fit the criteria for Charity Navigator evaluations that typically cover financial accountability and transparency for tax-deductible, tax-exempt nonprofits.
The organization’s non-501(c)(3) status limits the data available for evaluation, including key financial details and the compensation of important personnel. This status makes it ineligible for Charity Navigator’s various beacons, including those that measure accountability, finance, impact, and community culture.
No user reviews are available on GreatNonprofits, which means there's limited public insight into the organization's effectiveness or community impact through user feedback. The absence of both a rating and user reviews results in little information being available for public assessment.
This AI summary has been generated from information found on Charity Navigator.
Is Usb Welfare Benefit Plan legitimate?
Usb Welfare Benefit Plan is a legitimate nonprofit organization registered as a 501(c)(9) entity. Usb Welfare Benefit Plan 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: $6,916
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Usb Welfare Benefit Plan?
The Usb Welfare Benefit Plan is a Voluntary Employee Benefit Association (VEBA) established to fund and distribute employee benefits. Its primary mission is to provide and maintain life, accident, sickness, medical, surgical, and dental benefits, as well as short or long term disability income replacement benefits, either directly or through insurance purchases, as outlined in the Benefit Plan. The organization aims to ensure that its members have access to essential health and income benefits to protect them from various uncertainties. It is dedicated to offering a comprehensive benefits package to support the wellbeing of its members.
Who is the CEO of Usb Welfare Benefit Plan?
Us Bank Na is the Institutional Trustee of Usb Welfare Benefit Plan.
What is the revenue of Usb Welfare Benefit Plan?
Usb Welfare Benefit Plan's revenue in 2020 was $532,086,986.
Who are the executives of Usb Welfare Benefit Plan and what are their salaries?
There is 1 key member and their salary:
- Compensation: $6,916
- Related: $0
- Other: $0
Where can I find the form 990 for Usb Welfare Benefit Plan?
Usb Welfare Benefit Plan's most recent form 990 was submitted in 2020 and can be accessed here.
Mission Statement of Usb Welfare Benefit Plan
The Usb Welfare Benefit Plan is a Voluntary Employee Benefit Association (VEBA) established to fund and distribute employee benefits. Its primary mission is to provide and maintain life, accident, sickness, medical, surgical, and dental benefits, as well as short or long-term disability income replacement benefits, either directly or through the purchase of insurance. This nonprofit organization's purpose is to ensure the wellbeing of individuals by offering comprehensive healthcare and income protection benefits as defined in the benefit plan. By securing these essential benefits, the Usb Welfare Benefit Plan aims to bring peace of mind and financial security to its members during times of need.
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Impact
October, 2024
The Usb Welfare Benefit Plan plays a crucial role in supporting employees by providing comprehensive benefits that enhance their well-being and financial security. This initiative focuses on delivering essential benefits such as life, accident, sickness, medical, surgical, and dental coverage. Additionally, it offers short-term and long-term disability income replacement, ensuring that employees have financial support during periods of illness or injury.
By creating a structured approach to benefit distribution, the plan promotes a healthier workforce and contributes to employee satisfaction and retention. The voluntary employee benefit association (VEBA) framework allows for flexibility in managing and distributing these benefits, tailoring them to meet the diverse needs of participating employees.
Located in Milwaukee, Wisconsin, the Usb Welfare Benefit Plan underscores the importance of mutual benefit in the workplace. By providing these vital resources, it fosters a sense of security among employees, enabling them to focus on their work with peace of mind, knowing that their health and financial needs are supported. This impact ultimately contributes to a more engaged and productive workforce, benefiting not just the individuals but also the organizations they serve.
This information is meant to be a general summary of Usb Welfare Benefit Plan. 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 2020.
- Investment Income: $16,747,879
- Program Service Revenue: $508,144,781
- Gross Receipts: $561,980,091
Assets and Liabilities:
- Total Assets: $0
- Total Liabilities: $0
- Net Assets: $0
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTIONS
Revenue
$320,860,528
EMPLOYEE CONTRIBUTIONS
Revenue
$187,284,253
Organization Details
Founding Year
1995
Phone
(651) 495-4109Principal Officer
Us Bank Na
Main Address
PO BOX 0634, MILWAUKEE, WI, 532010634
NTEE Category
Code: Y40 - Mutual benefit
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