Patriot Coal Salaried Retiree Veba Trust C/O Jon Cohen Dickinson Wright Pllc

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

EIN: 463002887 ✦ Chicago, IL ✦ Designated as a 501(c)(9)

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Overview

What is Patriot Coal Salaried Retiree Veba Trust C/O Jon Cohen Dickinson Wright Pllc?

Patriot Coal Salaried Retiree Veba Trust C/O Jon Cohen Dickinson Wright Pllc is a nonprofit entity, specifically a Voluntary Employers' Beneficiary Association (VEBA) trust, established for the retired salaried employees of Patriot Coal. Based in Chicago, Illinois, this trust allows its participants to receive reimbursements for certain health care insurance premium expenses on a non-taxable basis, provided that the trust has sufficient funds to economically achieve this purpose. The trust is managed by Jon Cohen Dickinson Wright Pllc, a law firm, to oversee and facilitate these reimbursements.

Is Patriot Coal Salaried Retiree Veba Trust C/O Jon Cohen Dickinson Wright Pllc legitimate?

Patriot Coal Salaried Retiree Veba Trust C/O Jon Cohen Dickinson Wright Pllc is a legitimate nonprofit organization registered as a 501(c)(9) entity. Patriot Coal Salaried Retiree Veba Trust C/O Jon Cohen Dickinson Wright Pllc 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 Patriot Coal Salaried Retiree Veba Trust C/O Jon Cohen Dickinson Wright Pllc?

The Patriot Coal Salaried Retiree Veba Trust, managed by Jon Cohen Dickinson Wright Pllc, is established with a mission to permit retirees from Patriot Coal to obtain reimbursement for certain health care insurance premium expenses on a non-taxable basis. This can be achieved as long as the Veba Trust has sufficient funds to achieve this purpose economically. The primary objective is to provide financial assistance for healthcare expenses to eligible retirees. The Trust ensures that retirees can manage their healthcare costs in a tax-efficient manner, provided that the Veba Trust has sufficient funds to support this purpose.

Who is the CEO of Patriot Coal Salaried Retiree Veba Trust C/O Jon Cohen Dickinson Wright Pllc?

Michael Lodato is the Chairperson of Patriot Coal Salaried Retiree Veba Trust C/O Jon Cohen Dickinson Wright Pllc.

What is the revenue of Patriot Coal Salaried Retiree Veba Trust C/O Jon Cohen Dickinson Wright Pllc?

Patriot Coal Salaried Retiree Veba Trust C/O Jon Cohen Dickinson Wright Pllc's revenue in 2022 was $284,521.

Who are the executives of Patriot Coal Salaried Retiree Veba Trust C/O Jon Cohen Dickinson Wright Pllc and what are their salaries?


Here are 3 key members and their salaries:


Michael Lodato (Chairperson)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dean Hubble (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Wayne Alvey (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Patriot Coal Salaried Retiree Veba Trust C/O Jon Cohen Dickinson Wright Pllc?

Patriot Coal Salaried Retiree Veba Trust C/O Jon Cohen Dickinson Wright Pllc's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Patriot Coal Salaried Retiree Veba Trust C/O Jon Cohen Dickinson Wright Pllc

The Patriot Coal Salaried Retiree Veba Trust C/O Jon Cohen Dickinson Wright Pllc is established with a mission to enable participants of the Patriot Coal Salaried Retiree Veba Trust to recover certain health care insurance premium expenses on a non-taxable basis. This is possible as long as there are sufficient funds available from the Veba Trust to accomplish this objective economically. Essentially, the trust aims to provide financial assistance to retired employees of Patriot Coal for their health insurance premiums, exempting them from tax liability, provided that the trust's funds are adequately managed to meet this goal.

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Impact




October, 2024

The Patriot Coal Salaried Retiree VEBA Trust significantly impacts the financial wellbeing of its participants by facilitating the reimbursement of health care insurance premium expenses on a nontaxable basis. This trust serves the retirees of Patriot Coal, ensuring they have access to necessary financial support for their health care costs. As long as sufficient funds are available, the trust allows members to manage their healthcare expenses more effectively, contributing to their overall economic stability. By mitigating the financial burden associated with health care premiums, the trust plays a critical role in enhancing the quality of life for these retirees, enabling them to maintain essential health coverage during retirement.




This information is meant to be a general summary of Patriot Coal Salaried Retiree Veba Trust C/O Jon Cohen Dickinson Wright Pllc. 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
$284,521 (2022)
Expenses
$1,198,059 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $284,521
  • Gross Receipts: $3,793,802

Assets and Liabilities:

  • Total Assets: $8,307,028
  • Total Liabilities: $15,981
  • Net Assets: $8,291,047

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Organization Details

Founding Year

2013

Principal Officer

Michael Lodato

Main Address

55 W MONROE STREET 1200, CHICAGO, IL, 60603

NTEE Category

Code: Y20 - Mutual benefit

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