Macy's Inc Welfare Benefits Trust

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

EIN: 510160964 ✦ Springdale, OH ✦ Designated as a 501(c)(9)

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Overview

What is Macy's Inc Welfare Benefits Trust?

The Macy's Welfare Benefits Trust is a nonprofit organization based in Springdale, Ohio, serving as a fraternal beneficiary society and voluntary employees association. They focus on providing medical benefits to their members, acting as a crucial support system for those enrolled. By pursuing this mission, they contribute significantly to enhancing the health and wellbeing of their members.

Is Macy's Inc Welfare Benefits Trust legitimate?

Macy's Inc Welfare Benefits Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Macy's Inc Welfare Benefits 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 Macy's Inc Welfare Benefits Trust?

The Macy's Welfare Benefits Trust serves as a fraternal beneficiary society and voluntary employees association, committed to extending medical benefits to its members. This organization's primary mission revolves around contributing towards the healthcare needs of its members. The Trust's purpose is to facilitate the payment of medical benefits for those who are part of its community. It operates as a supportive network, ensuring its members have access to necessary medical care. The Trust's focus on medical benefits is a testament to its dedication to the well-being of its constituents.

Who is the CEO of Macy's Inc Welfare Benefits Trust?

Matthew Schroeder is the Trustee of Macy's Inc Welfare Benefits Trust.

What is the revenue of Macy's Inc Welfare Benefits Trust?

Macy's Inc Welfare Benefits Trust's revenue in 2023 was $74,335,720.

Who are the executives of Macy's Inc Welfare Benefits Trust and what are their salaries?


Here are 4 key members and their salaries:


Chris Meier (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Matthew S Schroeder (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Greg Whitson (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Paul Griscom (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Macy's Inc Welfare Benefits Trust?

Macy's Inc Welfare Benefits Trust's most recent form 990 was submitted in 2023 and can be accessed here.

Mission Statement of Macy's Inc Welfare Benefits Trust

The Macy's Welfare Benefits Trust, a fraternal beneficiary society and voluntary employees association, is dedicated to providing medical benefits for its valued members. This mission-driven organization exists to ensure the well-being of its members by shoulder-ing the financial burden of their healthcare needs. The Trust, located in Springdale, Ohio, prides itself on its unwavering commitment to delivering essential medical benefits to those it serves. By providing these benefits, the Trust enhances the quality of life for its members, allowing them to focus on their health and wellbeing rather than the financial stressors that often accompany medical care. The Trust's steadfast dedication to its members' medical needs is a testament to its strong commitment to promoting their overall well-being and peace of mind.

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Impact




October, 2024

The Macy's Inc Welfare Benefits Trust plays a significant role in supporting the health and well-being of its members by providing essential medical benefits. Located in Springdale, OH, this organization focuses on ensuring that its members have access to necessary healthcare services, which can alleviate financial burdens associated with medical expenses. By acting as a fraternal beneficiary society and voluntary employees association, it fosters a sense of community among members while fulfilling its mission of facilitating healthcare access.

The Trust's impact extends beyond individual members, as it contributes to a more stable workforce by promoting the physical health of employees. This can lead to improved employee morale and productivity, ultimately benefiting the wider organization. By prioritizing the medical needs of its members, the Macy's Inc Welfare Benefits Trust underscores the importance of corporate responsibility and employee welfare in today’s employment landscape.




This information is meant to be a general summary of Macy's Inc Welfare Benefits 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
$74,335,720 (2023)
Expenses
$67,638,223 (2023)
Efficiency

Other financial information:

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

  • Investment Income: $282,205
  • Program Service Revenue: $74,053,515
  • Gross Receipts: $74,335,720

Assets and Liabilities:

  • Total Assets: $13,480,833
  • Total Liabilities: $0
  • Net Assets: $13,480,833

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Programs

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

EMPLOYEE CONTRIBUTIONS

Revenue

$74,053,515

Organization Details

Principal Officer

Matthew Schroeder

Main Address

145 PROGRESS PLACE, SPRINGDALE, OH, 45246

NTEE Category

Code: Y40 - Mutual benefit

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