Vse Corporation Group Health & Welfare Plan

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

EIN: 456598749 ✦ Alexandria, VA ✦ Designated as a 501(c)(9)

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Overview

What is Vse Corporation Group Health & Welfare Plan?

The Vse Corporation Group Health & Welfare Plan is a trust that offers supplementary benefits to employees covered by the Service Contract Act. These benefits encompass essential services such as health, dental, vision, life, and short-term disability insurance, as well as paid time off. By providing these perks, the trust ensures that the employee benefits meet the mandatory prevailing wage rates as mandated under the Act.


Official website here: www.vsecorp.com

Is Vse Corporation Group Health & Welfare Plan legitimate?

Vse Corporation Group Health & Welfare Plan is a legitimate nonprofit organization registered as a 501(c)(9) entity. Vse Corporation Group Health & Welfare 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.vsecorp.com

What is the mission statement of Vse Corporation Group Health & Welfare Plan?

The Vse Corporation Group Health & Welfare Plan serves to offer supplementary benefits to employees who fall under the Service Contract Act. Mandated by the act, the plan ensures that the offered benefits, which include health, dental, vision, life, and short-term disability insurance, and paid time off, adhere to the stipulated minimum prevailing wage rates. The Trust's primary objective is to enhance the overall well-being and financial security of the covered employees through the provision of these essential benefits.


Official website here: www.vsecorp.com

Who is the CEO of Vse Corporation Group Health & Welfare Plan?

Tarang Sharma is the Trustee of Vse Corporation Group Health & Welfare Plan.


Official website here: www.vsecorp.com

What is the revenue of Vse Corporation Group Health & Welfare Plan?

Vse Corporation Group Health & Welfare Plan's revenue in 2022 was $12,374,878.


Official website here: www.vsecorp.com

Who are the executives of Vse Corporation Group Health & Welfare Plan and what are their salaries?

There 5 volunteers at Vse Corporation Group Health & Welfare Plan.


Here are 2 key members and their salaries:


Tarang Sharma (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Krista Stafford (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.vsecorp.com

Where can I find the form 990 for Vse Corporation Group Health & Welfare Plan?

Vse Corporation Group Health & Welfare Plan's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.vsecorp.com

Learn more at the official website: www.vsecorp.com

Mission Statement of Vse Corporation Group Health & Welfare Plan

Vse Corporation Group Health & Welfare Plan, a trust dedicated to employee benefits, plays a crucial role in meeting the requirements of the Service Contract Act. In simple terms, this entity offers a range of fringe benefits to the employees it covers under this act. These benefits encompass essential areas such as health, dental, vision, life, and short-term disability insurance, and paid time off. The trust ensures these offerings adhere to minimum prevailing wage rates mandated by the act.

The Vse Corporation Group Health & Welfare Plan functions as a vital support system for the workforce it serves. By providing these various benefits, it enhances the overall well-being and job satisfaction of the employees. The health coverage extends to ensuring access to essential medical care, while dental and vision insurance help employees maintain optimal oral and visual health. Life and short-term disability insurance offer financial security and peace of mind during challenging times, and paid time off allows employees to rejuvenate and return to work refreshed.

In essence, the Vse Corporation Group Health & Welfare Plan serves as a safety net for employees, ensuring they receive competitive and comprehensive benefits. By fulfilling its mission and adhering to the minimum prevailing wage rates set forth in the Service Contract Act, it not only enhances the work experience but also contributes significantly to the morale and productivity of the workforce.

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Impact




October, 2024

The VSE Corporation Group Health & Welfare Plan plays a vital role in supporting employees covered by the Service Contract Act by ensuring that they receive essential fringe benefits. These benefits include comprehensive health, dental, and vision insurance, as well as life and short-term disability insurance. Furthermore, the plan addresses the need for paid time off, thereby contributing to the overall well-being of employees.

By meeting the minimum prevailing wage rates mandated under the Act, the plan not only enhances employee satisfaction but also fosters a healthier workforce. This is particularly important in retaining talent and ensuring that employees feel valued and secure in their positions. The impact of the plan extends beyond just financial benefits; it promotes a culture of mutual support and care, which is crucial for productivity and morale within the organization.

Overall, the VSE Corporation Group Health & Welfare Plan significantly enhances the quality of life for its participants, demonstrating a commitment to their health and welfare while also complying with legal requirements. This creates a more stable and motivated workforce, which ultimately benefits the organization as a whole.




This information is meant to be a general summary of Vse Corporation Group Health & Welfare 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.

Revenue
$12,374,878 (2022)
Expenses
$17,411,786 (2022)
Efficiency

Other financial information:

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

  • Program Service Revenue: $12,374,878
  • Gross Receipts: $12,374,878

Assets and Liabilities:

  • Total Assets: $4,823,881
  • Total Liabilities: $2,569,090
  • Net Assets: $2,254,791

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Programs

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

EMPLOYEE CONTRIBUTIONS

Revenue

$4,391,551

EMPLOYER CONTRIBUTIONS

Revenue

$7,983,327

Organization Details

Founding Year

2012

Principal Officer

Tarang Sharma

Main Address

6348 WALKER LANE, ALEXANDRIA, VA, 22310

NTEE Category

Code: Y42 - Mutual benefit

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