Overview
What is Mdu Resources Group Inc Retiree Benefit Trust?
Mdu Resources Group Inc Retiree Benefit Trust is a charitable entity, established specifically to manage health and welfare benefits for retired employees of certain subsidiaries and divisions within MDU Resources Group, Inc. Located in Bismarck, North Dakota, this nonprofit organization covers post-employment medical expenses and premiums, ensuring financial security for these retired individuals. The Trust's primary mission is to provide financial assistance for various health and welfare-related claims, ensuring that retired employees from select MDU Resources Group entities maintain a decent standard of living.
Is Mdu Resources Group Inc Retiree Benefit Trust legitimate?
Mdu Resources Group Inc Retiree Benefit Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Mdu Resources Group Inc Retiree Benefit Trust 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.
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What is the mission statement of Mdu Resources Group Inc Retiree Benefit Trust?
The MDU Resources Group Inc Retiree Benefit Trust is committed to providing financial assistance for various health and welfare-related claims and premiums for retired employees of certain subsidiaries and divisions within MDU Resources Group Inc. This program aims to support the retired employees' well-being by managing and distributing funds for their medical and related expenses. The Trust's mission is inherently focused on ensuring the financial security and health care needs of these retired employees, providing a sense of stability and peace of mind during their retirement years.
Who is the CEO of Mdu Resources Group Inc Retiree Benefit Trust?
Jason L Vollmer is the Director of Mdu Resources Group Inc Retiree Benefit Trust.
What is the revenue of Mdu Resources Group Inc Retiree Benefit Trust?
Mdu Resources Group Inc Retiree Benefit Trust's revenue in 2022 was -$20,499,747.
Who are the executives of Mdu Resources Group Inc Retiree Benefit Trust and what are their salaries?
Here are 9 key members and their salaries:
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Where can I find the form 990 for Mdu Resources Group Inc Retiree Benefit Trust?
Mdu Resources Group Inc Retiree Benefit Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Mdu Resources Group Inc Retiree Benefit Trust
Mdu Resources Group Inc Retiree Benefit Trust is committed to providing financial assistance for various health and welfare-related claims and premiums for retired employees of certain subsidiaries and divisions within MDU Resources Group, Inc. In simpler terms, this organization serves to support the retired workers of specific sectors within MDU Resources Group, Inc., covering their healthcare and welfare expenses through claim payments and premium coverage. This program ensures that retired employees continue to receive essential health and wellness benefits, thereby maintaining their overall well-being post-retirement.
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Impact
October, 2024
MDU Resources Group Inc Retiree Benefit Trust plays a critical role in supporting the health and welfare of retired employees from various subsidiaries and divisions of MDU Resources Group, Inc. By providing financial assistance for health and welfare claims and premiums, the trust ensures that retirees have access to essential healthcare services and benefits. This support not only enhances the quality of life for these individuals but also fosters a sense of security and well-being during retirement.
Operated from Bismarck, ND, the trust's mission reflects a commitment to honoring the contributions of employees throughout their careers by caring for them in their retirement years. This initiative impacts not just the retirees but also their families, as it alleviates the financial burden associated with healthcare expenses. Additionally, by promoting mutual benefit among retirees, the trust contributes to a culture of support and solidarity within the organization. Overall, MDU Resources Group Inc Retiree Benefit Trust serves as a vital resource in ensuring that retirees can maintain their health and well-being after leaving the workforce.
This information is meant to be a general summary of Mdu Resources Group Inc Retiree Benefit Trust. 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: $100,436
- Program Service Revenue: $366,044
Assets and Liabilities:
- Total Assets: $76,272,511
- Total Liabilities: $24,971
- Net Assets: $76,247,540
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER AND RETIREE CONTRIBUTIONS TO TRUST
Revenue
$366,044
Organization Details
Founding Year
1993
Phone
(701) 530-1000Principal Officer
Jason L Vollmer
Main Address
PO BOX 5650, BISMARCK, ND, 585065650
NTEE Category
Code: Y40 - Mutual benefit
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