Overview
What is Merck & Co Inc Union Veba Trust?
Merck & Co Inc Union Veba Trust is a nonprofit entity based in Rahway, New Jersey. Its primary objective is to fund certain retiree medical benefits for eligible former union employees of Merck Sharp Dohme LLC, who are classified as legacy Merck retirees, and their dependents. This is in line with the terms of the Merck Retiree Medical Plan. The Trust's activities are solely focused on providing these benefits, which constitute the entirety of its initiatives.
Is Merck & Co Inc Union Veba Trust legitimate?
Merck & Co Inc Union Veba Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Merck & Co Inc Union Veba 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: $125
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Merck & Co Inc Union Veba Trust?
The Merck & Co Inc Union Veba Trust is dedicated to providing retiree medical benefits for eligible former union employees and their dependents, in alignment with the terms of the Merck Retiree Medical Plan. The Trust's activities are solely focused on funding these benefits, as stipulated in the Merck Retiree Medical plan for certain retired employees of Merck Sharp Dohme LLC, who are considered legacy Merck retirees. The Trust's purpose is to ensure the continuation of medical coverage for these individuals, upholding its commitment to the terms of the Merck Retiree Medical Plan.
Who is the CEO of Merck & Co Inc Union Veba Trust?
Aaron Rosenberg is the Trustee of Merck & Co Inc Union Veba Trust.
What is the revenue of Merck & Co Inc Union Veba Trust?
Merck & Co Inc Union Veba Trust's revenue in 2022 was $1,497,580.
Who are the executives of Merck & Co Inc Union Veba Trust and what are their salaries?
There is 1 key member and their salary:
- Compensation: $125
- Related: $0
- Other: $0
Where can I find the form 990 for Merck & Co Inc Union Veba Trust?
Merck & Co Inc Union Veba Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Merck & Co Inc Union Veba Trust
The Merck & Co Inc Union Veba Trust is a nonprofit organization dedicated to funding retiree medical benefits for certain former union employees and their eligible dependents. In line with the terms of the Merck Retiree Medical Plan, this trust provides these benefits to the eligible retirees of Merck Sharp Dohme LLC, who are considered as legacy Merck retirees. The trust's sole purpose and activity revolve around funding the medical benefits as specified in the Merck Retiree Medical plan for these retired employees, making up all of its activities.
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Impact
October, 2024
Merck & Co Inc Union VEBA Trust plays a crucial role in providing financial support for retiree medical benefits to eligible former union employees and their dependents. By funding retiree medical benefits as outlined in the Merck Retiree Medical Plan, the Trust ensures that legacy Merck retirees can access necessary healthcare resources during their retirement years.
This support helps alleviate financial burdens associated with healthcare costs for retirees, contributing to their overall well-being and security. By focusing on this demographic, the Trust fosters a sense of stability and trust among former employees, emphasizing the commitment of Merck & Co Inc to its workforce even after retirement. As such, the Trust not only impacts individual lives but also upholds the company's legacy and values in supporting its employees' welfare.
This information is meant to be a general summary of Merck & Co Inc Union Veba 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $2,232
- Program Service Revenue: $1,495,348
- Gross Receipts: $1,497,580
Assets and Liabilities:
- Total Assets: $25,418
- Total Liabilities: $0
- Net Assets: $25,418
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Employee Contribution
Revenue
$1,495,348
Organization Details
Founding Year
1992
Phone
(732) 594-4000Principal Officer
Aaron Rosenberg
Main Address
126 East Lincoln Avenue PO Box 2000, Rahway, NJ, 07065
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