Overview
What is Food Employers Labor Relations Assoc& United Food & Commercial Workers Veba Fd?
Food Employers Labor Relations Assoc & United Food & Commercial Workers Veba Fd is a multi-employer welfare benefit trust based in Sparks, Maryland. Established from a collective bargaining agreement between the Food Employers Labor Relations Association and the United Food and Commercial Workers Union, this nonprofit organization provides essential health and welfare benefits to participants, their dependents, and beneficiaries. The trust offers a comprehensive range of benefits, including medical, hospital, accident and sickness coverage, prescription drugs, dental, vision, severance, legal assistance, life insurance, and accidental death and dismemberment benefits. By pooling resources and collaborating, the trust enables eligible workers to access these valuable benefits, ensuring their overall well-being.
Is Food Employers Labor Relations Assoc& United Food & Commercial Workers Veba Fd legitimate?
Food Employers Labor Relations Assoc& United Food & Commercial Workers Veba Fd is a legitimate nonprofit organization registered as a 501(c)(9) entity. Food Employers Labor Relations Assoc& United Food & Commercial Workers Veba Fd 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 Food Employers Labor Relations Assoc& United Food & Commercial Workers Veba Fd?
The Food Employers Labor Relations Association and United Food & Commercial Workers Veba Fund serves as a multi-employer benefit trust, offering a range of health and welfare benefits to its participants, their dependents, and beneficiaries. The organization's primary mission is to provide essential benefits, including medical, hospital, accident and sickness, prescription drug, dental, vision, severance, legal assistance, life insurance, and accidental death and dismemberment coverage. By doing so, it aims to enhance the wellbeing and security of those enrolled in its plan of benefits.
Who is the CEO of Food Employers Labor Relations Assoc& United Food & Commercial Workers Veba Fd?
Felra Ufcw Veba Fund is the Principal Officer of Food Employers Labor Relations Assoc& United Food & Commercial Workers Veba Fd.
What is the revenue of Food Employers Labor Relations Assoc& United Food & Commercial Workers Veba Fd?
Food Employers Labor Relations Assoc& United Food & Commercial Workers Veba Fd's revenue in 2022 was $128,808,545.
Who are the executives of Food Employers Labor Relations Assoc& United Food & Commercial Workers Veba Fd and what are their salaries?
Here are 7 key members and their salaries:
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- Compensation: $0
- Related: $383,189
- Other: $31,783
- Compensation: $0
- Related: $160,010
- Other: $31,567
- Compensation: $0
- Related: $210,735
- Other: $34,947
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- Related: $126,617
- Other: $31,856
Where can I find the form 990 for Food Employers Labor Relations Assoc& United Food & Commercial Workers Veba Fd?
Food Employers Labor Relations Assoc& United Food & Commercial Workers Veba Fd's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Food Employers Labor Relations Assoc& United Food & Commercial Workers Veba Fd
The Food Employers Labor Relations Association and United Food & Commercial Workers Veba Fund is a multi-employer, collectively-bargained employee welfare benefit trust. This nonprofit organization is dedicated to providing health and welfare benefits to its participants, their dependents, and beneficiaries. Through its extensive plan of benefits, the trust offers coverage for medical, hospital, accident and sickness, prescription drug, dental, vision, severance, legal assistance, life insurance, and accidental death and dismemberment benefits. The Food Employers Labor Relations Association and United Food & Commercial Workers Veba Fund serves as a safety net for its members, ensuring they have access to essential services and financial support when needed. By pooling resources and negotiating collectively, the trust is able to offer comprehensive and affordable benefits to a wide range of individuals.
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Impact
October, 2024
The Food Employers Labor Relations Association & United Food & Commercial Workers VEBA Fund plays a significant role in providing essential health and welfare benefits to employees and their families. By serving as a trust for a multiemployer welfare benefit plan, it ensures access to comprehensive medical care, including hospital and accident coverage, as well as services for sickness, prescription drugs, dental and vision care.
Moreover, the fund addresses critical needs through severance pay, legal assistance, life insurance, and accidental death and dismemberment benefits. This multifaceted support system not only enhances the well-being of participating employees but also strengthens collective bargaining agreements, which are pivotal in securing fair labor practices and conditions in the food and retail industries.
The impact of this organization extends beyond individual benefits; it fosters a cooperative environment between employers and workers. By sharing the responsibility of providing these vital services, it contributes to employee satisfaction, retention, and overall workforce stability, which can lead to improved productivity and morale within the sectors it serves. Ultimately, the Food Employers Labor Relations Association & United Food & Commercial Workers VEBA Fund is a crucial entity that supports the health and economic security of participants and their families, fortifying the foundation of labor relations in the industry.
This information is meant to be a general summary of Food Employers Labor Relations Assoc& United Food & Commercial Workers Veba Fd. 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: $229,671
- Program Service Revenue: $127,788,113
- Gross Receipts: $265,747,710
Assets and Liabilities:
- Total Assets: $29,922,717
- Total Liabilities: $409,308
- Net Assets: $29,513,409
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTIONS
Revenue
$123,876,180
PARTICIPANT CONTRIBUTIONS
Revenue
$3,911,933
Organization Details
Founding Year
1973
Phone
(410) 683-6500Principal Officer
Felra Ufcw Veba Fund
Main Address
911 RIDGEBROOK ROAD, SPARKS, MD, 211529459
NTEE Category
Code: Y43 - Mutual benefit
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