Employer Contribution Veba Trust

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 454667885 ✦ Charlotte, NC ✦ Designated as a 501(c)(9)

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Overview

What is Employer Contribution Veba Trust?

Employer Contribution Veba Trust is a nonprofit organization situated in Charlotte, North Carolina, specifically at 8625 Andrew Carnegie Blvd. Its primary mission is to offer health benefits and insurance premiums to the former employees of its associated employer, along with their spouses and dependent family members. While the main focus is on providing retirement health benefits, additional benefits may be offered as per the plan document. The organization aims to support the well-being of its members by managing their health-related needs and premiums.


Official website here: www.whitworth.edu

Is Employer Contribution Veba Trust legitimate?

Employer Contribution Veba Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Employer Contribution Veba 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.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.whitworth.edu

What is the mission statement of Employer Contribution Veba Trust?

The Employer Contribution Veba Trust is committed to providing retiree health benefits for the former employees of the associated employer, as well as their spouses and dependents. While the primary focus is on health benefits, the trust may also offer additional benefits as outlined in the plan document. The trust's main activity involves paying health insurance premiums for its members.


Official website here: www.whitworth.edu

Who is the CEO of Employer Contribution Veba Trust?

Rick Scott is the Principal Officer of Employer Contribution Veba Trust.


Official website here: www.whitworth.edu

What is the revenue of Employer Contribution Veba Trust?

Employer Contribution Veba Trust's revenue in 2022 was $271,882.


Official website here: www.whitworth.edu

Who are the executives of Employer Contribution Veba Trust and what are their salaries?


There is 1 key member and their salary:


Tiaa Trust Na (Trustee)
  • Compensation: $750
  • Related: $0
  • Other: $0


Official website here: www.whitworth.edu

Where can I find the form 990 for Employer Contribution Veba Trust?

Employer Contribution Veba Trust's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.whitworth.edu

Learn more at the official website: www.whitworth.edu

Mission Statement of Employer Contribution Veba Trust

Employer Contribution Veba Trust is committed to providing retiree health benefits to the former employees and their dependents of a specific employer. This nonprofit organization goes beyond just healthcare, as it may also offer additional benefits as outlined in the plan document. Its primary mission is to ensure the well-being of retired employees and their families by covering their health expenses and insurance premiums. By doing so, Employer Contribution Veba Trust aims to provide a sense of security and support to its members during their post-employment years.

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Impact




October, 2024

The Employer Contribution Veba Trust plays a crucial role in supporting the health needs of retirees and their families. By providing retiree health benefits, it ensures that former employees, along with their spouses and dependents, have access to necessary healthcare services and financial assistance for insurance premiums. This helps alleviate the financial burden associated with healthcare costs in retirement, promoting overall well-being and stability for these individuals.

The trust’s mission is to deliver reliable health benefits, which not only enhances the quality of life for retirees but also fosters a sense of security, knowing that they have healthcare support post-employment. Additionally, it may offer other benefits as outlined in its plan document, further bolstering the support available to members. As a focal point for mutual benefit, the trust serves as an essential resource for many, contributing positively to the community in Charlotte, NC, and beyond.




This information is meant to be a general summary of Employer Contribution Veba 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.

Revenue
$271,882 (2022)
Expenses
$144,649 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $60,309
  • Program Service Revenue: $211,573
  • Gross Receipts: $535,088

Assets and Liabilities:

  • Total Assets: $1,946,821
  • Total Liabilities: $0
  • Net Assets: $1,946,821

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

Employer Contributions

Revenue

$211,573

Organization Details

Founding Year

2011

Principal Officer

Rick Scott

Main Address

8625 ANDREW CARNEGIE BLVD ATTN CORP, CHARLOTTE, NC, 28262

NTEE Category

Code: Y20 - Mutual benefit

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