Geico Corporation Welfare Plans Trust

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

EIN: 521363482 ✦ Pittsburgh, PA ✦ Designated as a 501(c)(9)

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Overview

What is Geico Corporation Welfare Plans Trust?

The Geico Corporation Welfare Plans Trust is a charitable organization based in Pittsburgh, Pennsylvania, functioning as a fraternal beneficiary society and voluntary employees association. Its primary mission is to manage and pay for medical claims of Geico Corporation employees. By providing essential healthcare coverage, this trust ensures the well-being of its members and strengthens the Geico Corporation community.

Is Geico Corporation Welfare Plans Trust legitimate?

Geico Corporation Welfare Plans Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Geico Corporation Welfare Plans 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 Geico Corporation Welfare Plans Trust?

The Geico Corporation Welfare Plans Trust serves as a fraternal beneficiary society and voluntary employees association, dedicated to managing and paying medical claims for the employees of Geico Corporation. In essence, the Trust ensures the health and wellbeing of its members by processing and settling their healthcare-related financial obligations. By doing so, it provides crucial support and financial security, enabling Geico Corporation employees to focus on their health and wellbeing.

Who is the CEO of Geico Corporation Welfare Plans Trust?

Unavailable

What is the revenue of Geico Corporation Welfare Plans Trust?

Geico Corporation Welfare Plans Trust's revenue in 2022 was $471,703,839.

Who are the executives of Geico Corporation Welfare Plans Trust and what are their salaries?


There is 1 key member and their salary:


Pnc Bank Na (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Geico Corporation Welfare Plans Trust?

Geico Corporation Welfare Plans Trust's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Geico Corporation Welfare Plans Trust

The Geico Corporation Welfare Plans Trust, a fraternal beneficiary society and voluntary employees association, is dedicated to providing medical coverage for the employees of Geico Corporation. In essence, this Trust serves as a safety net, ensuring that eligible employees receive necessary medical care when they need it.

This organization's core mission is to process and pay medical claims for Geico Corporation's employees, offering them peace of mind and financial security during times of illness or injury. By managing these claims, the Trust enables employees to focus on their recovery rather than worrying about the financial aspects of their healthcare.

Additionally, the Geico Corporation Welfare Plans Trust acts as a vital support system for Geico Corporation's workforce. By providing medical coverage, the Trust allows employees to maintain their overall well-being, which in turn contributes to the productivity and effectiveness of the corporation. The Trust's commitment to the health and wellbeing of its members not only benefits individuals but also the organization as a whole.

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Impact




October, 2024

The Geico Corporation Welfare Plans Trust plays a significant role in supporting the well-being of Geico Corporation employees by providing financial assistance for medical claims. Located in Pittsburgh, PA, this trust ensures that employees have access to necessary healthcare services without the burden of high out-of-pocket expenses. By facilitating timely payments for medical claims, the trust enhances employee satisfaction and promotes a healthier workforce.

Additionally, the presence of the trust underscores Geico's commitment to its employees, fostering a culture of mutual benefit and support. This approach not only helps in retaining talent but also in attracting prospective employees who value comprehensive healthcare benefits. Overall, the Geico Corporation Welfare Plans Trust significantly contributes to the health and financial stability of Geico Corporation employees, positively impacting the company's overall productivity and morale.




This information is meant to be a general summary of Geico Corporation Welfare Plans 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
$471,703,839 (2022)
Expenses
$482,027,338 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $344,079
  • Program Service Revenue: $453,228,784
  • Gross Receipts: $471,703,839

Assets and Liabilities:

  • Total Assets: $18,934,541
  • Total Liabilities: $0
  • Net Assets: $18,934,541

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Programs

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

EMPLOYER CONTRIBUTIONS

Revenue

$321,670,646

EMPLOYEE CONTRIBUTIONS

Revenue

$131,558,138

Organization Details

Founding Year

1983

Main Address

116 ALLEGHENY CENTER MALL P8YB3502L, PITTSBURGH, PA, 15212

NTEE Category

Code: Y40 - Mutual benefit

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