Star Telephone Membership Corporation Retiree Welfare Benefits Plan And Trust

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

EIN: 455088790 ✦ Clinton, NC ✦ Designated as a 501(c)(9)

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Overview

What is Star Telephone Membership Corporation Retiree Welfare Benefits Plan And Trust?

Star Telephone Membership Corporation Retiree Welfare Benefits Plan and Trust is a nonprofit organization located in Clinton, North Carolina. Its primary mission is to provide essential medical, dental, and life insurance benefits to eligible retirees of Star Telephone Membership Corporation and their dependents. The organization serves this purpose by offering various benefits packages to enhance the post-retirement lives of its beneficiaries. It is dedicated to maintaining the well-being of its members, ensuring they have access to necessary healthcare services during their retirement years.

Is Star Telephone Membership Corporation Retiree Welfare Benefits Plan And Trust legitimate?

Star Telephone Membership Corporation Retiree Welfare Benefits Plan And Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Star Telephone Membership Corporation Retiree Welfare Benefits Plan And 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

What is the mission statement of Star Telephone Membership Corporation Retiree Welfare Benefits Plan And Trust?

The Star Telephone Membership Corporation Retiree Welfare Benefits Plan and Trust is dedicated to providing essential medical, dental, and life insurance benefits to eligible retirees of Star Telephone Membership Corporation and their dependents. The organization's primary mission is to ensure the well-being of these retired individuals, offering them financial security and peace of mind in their post-employment phase. By providing these benefits, the trust aims to alleviate some of the healthcare-related concerns that retirees may face, thereby enhancing their overall quality of life.

What is the revenue of Star Telephone Membership Corporation Retiree Welfare Benefits Plan And Trust?

Star Telephone Membership Corporation Retiree Welfare Benefits Plan And Trust's revenue in 2023 was $1,782,144.

Who are the executives of Star Telephone Membership Corporation Retiree Welfare Benefits Plan And Trust and what are their salaries?

Here are 4 key members and their salaries:


Donna Bullard (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Thurman L Smith (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert L Thornton (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jack Bowen (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Star Telephone Membership Corporation Retiree Welfare Benefits Plan And Trust?

Star Telephone Membership Corporation Retiree Welfare Benefits Plan And Trust's most recent form 990 was submitted in 2023 and can be accessed here.

Mission Statement of Star Telephone Membership Corporation Retiree Welfare Benefits Plan And Trust

Star Telephone Membership Corporation Retiree Welfare Benefits Plan and Trust is an organization dedicated to providing essential medical, dental, and life insurance benefits to eligible retirees of Star Telephone Membership Corporation and their dependent family members. By offering these benefits, the organization aims to support the retirement needs of Star Telephone's former employees, ensuring they maintain a certain level of health and financial security during their post-employment years. The organization's mission is to extend a safety net of insurance coverage to these retirees, thereby alleviating some of the financial burdens they may face in their golden years.

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Impact




October, 2024

Star Telephone Membership Corporation Retiree Welfare Benefits Plan And Trust significantly enhances the quality of life for eligible retirees and their dependents by offering essential medical, dental, and life insurance benefits. This support allows retirees to manage healthcare costs and access necessary medical care without facing financial strain, which is especially crucial as they age and may encounter increased health issues.

By providing these benefits, the organization ensures that retirees can maintain their health and well-being, thus contributing to their overall quality of life. Additionally, these offerings foster a sense of security and peace of mind, knowing that they and their dependents are protected against potential healthcare expenses.

The focus on mutual benefit reinforces community ties among retirees and their families, promoting a supportive network that values the contributions of its members. Overall, the Star Telephone Membership Corporation Retiree Welfare Benefits Plan And Trust plays a vital role in enhancing the welfare of its beneficiaries, helping them navigate the challenges of post-employment life more comfortably.




This information is meant to be a general summary of Star Telephone Membership Corporation Retiree Welfare Benefits Plan And 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
$1,782,144 (2023)
Expenses
$3,356,746 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $354,276
  • Program Service Revenue: $1,146,573
  • Gross Receipts: $11,718,257

Assets and Liabilities:

  • Total Assets: $19,920,978
  • Total Liabilities: $0
  • Net Assets: $19,920,978

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Programs

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

EMPLOYER CONTRIBUTIONS

Revenue

$1,146,573

Organization Details

Founding Year

2012

Principal Officer

Donna Bullard

NTEE Category

Code: Y43 - Mutual benefit

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