Overview
What is Johnson Controls Inc Retiree Welfare Trust?
The Johnson Controls Inc Retiree Welfare Trust is a nonprofit entity established to offer medical, health, and life insurance benefits to eligible retired employees of Johnson Controls, Inc. and affiliated companies. The trust, functioning as a Welfare benefit plan, provides these benefits through designated programs, ensuring support for these retirees in their post-employment phase.
Is Johnson Controls Inc Retiree Welfare Trust legitimate?
Johnson Controls Inc Retiree Welfare Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Johnson Controls Inc Retiree Welfare 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:
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What is the mission statement of Johnson Controls Inc Retiree Welfare Trust?
The Johnson Controls Inc Retiree Welfare Trust's primary role is to offer medical, health, and life insurance benefits to eligible retired employees of Johnson Controls Inc and affiliated companies. These benefits are provided under designated programs, making it a welfare benefit plan. The trust aims to support the health and well-being of these retired employees, ensuring they have access to necessary insurance coverage during their post-employment years. The trust is committed to serving both union and non-union retired workers, demonstrating its inclusivity and dedication to the retired workforce.
Who is the CEO of Johnson Controls Inc Retiree Welfare Trust?
Patty Bakke is the Chief Human Resources Offi of Johnson Controls Inc Retiree Welfare Trust.
What is the revenue of Johnson Controls Inc Retiree Welfare Trust?
Johnson Controls Inc Retiree Welfare Trust's revenue in 2022 was $2,775,803.
Who are the executives of Johnson Controls Inc Retiree Welfare Trust and what are their salaries?
There 5 volunteers at Johnson Controls Inc Retiree Welfare Trust.
Here are 5 key members and their salaries:
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Where can I find the form 990 for Johnson Controls Inc Retiree Welfare Trust?
Johnson Controls Inc Retiree Welfare Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Johnson Controls Inc Retiree Welfare Trust
The Johnson Controls Retiree Welfare Trust is an organization dedicated to providing medical, health, and life insurance benefits to eligible retired employees of Johnson Controls, Inc. and affiliated companies. This non-profit entity operates under designated benefit programs, catering to both union and non-union retirees. The mission of the Johnson Controls Retiree Welfare Trust is to ensure the well-being of its beneficiaries in their post-employment years by offering comprehensive health and insurance coverage. The plan is classified as a Welfare benefit plan, reflecting its focus on enhancing the quality of life for its retired members.
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Impact
October, 2024
The Johnson Controls Inc Retiree Welfare Trust plays a critical role in supporting the well-being of retired employees by providing essential medical, health, and life insurance benefits. This trust serves both union and non-union retirees, ensuring that they have access to necessary healthcare coverage and financial security in their post-employment years.
By offering these benefits, the trust helps retirees navigate the challenges associated with aging, including rising medical costs and unforeseen health issues. This support fosters a sense of security and stability, allowing retirees to focus on their health and quality of life without the burden of financial stress related to healthcare expenses.
The impact of this trust extends beyond direct financial assistance; it enhances the overall morale and loyalty of current employees who see the value placed on their future well-being. This can contribute to a more engaged and motivated workforce, knowing that they are recognized and valued by their employer even after retirement.
In summary, the Johnson Controls Inc Retiree Welfare Trust significantly contributes to the quality of life for its beneficiaries, facilitating access to vital healthcare services and insurance which is essential for long-term health and financial peace of mind.
This information is meant to be a general summary of Johnson Controls Inc Retiree Welfare 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: $31,388
- Program Service Revenue: $2,744,415
- Gross Receipts: $2,775,803
Assets and Liabilities:
- Total Assets: $141,359,465
- Total Liabilities: $4,526,742
- Net Assets: $136,832,723
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
VEBA PREMIUMS
Revenue
$2,744,415
Organization Details
Founding Year
2011
Phone
(414) 524-1200Principal Officer
Patty Bakke
Main Address
5757 N GREEN BAY AVE MAIL STOPX-, GLENDALE, WI, 53209
NTEE Category
Code: Y43 - Mutual benefit
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