Constellation New England Union Post- Employment Medical Savings Account Trust

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

EIN: 522314150 ✦ Kennett square, PA ✦ Designated as a 501(c)(9)

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Overview

What is Constellation New England Union Post- Employment Medical Savings Account Trust?

The Constellation New England Union Post-Employment Medical Savings Account Trust is a nonprofit organization, specifically a trust, that offers retiree healthcare benefits. It is situated in Chicago, Illinois. This trust is funded through contributions from its members and employees, serving around 41 retired union workers and their surviving spouses. Its primary mission is to provide these individuals with essential healthcare benefits, ensuring their continued well-being after their active employment.

Is Constellation New England Union Post- Employment Medical Savings Account Trust legitimate?

Constellation New England Union Post- Employment Medical Savings Account Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Constellation New England Union Post- Employment Medical Savings Account 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: $173
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of Constellation New England Union Post- Employment Medical Savings Account Trust?

The Constellation New England Union Post-Employment Medical Savings Account Trust's primary objective is to offer retiree health care benefits to its participating members. This is achieved through contributions from both members and employees. The trust serves approximately 41 retired union employees and their surviving spouses. Its mission is centered around providing essential healthcare support to its participants, ensuring they maintain their well-being post-retirement.

Who is the CEO of Constellation New England Union Post- Employment Medical Savings Account Trust?

Vanessa Hecht is the Institutional Trustee of Constellation New England Union Post- Employment Medical Savings Account Trust.

What is the revenue of Constellation New England Union Post- Employment Medical Savings Account Trust?

Constellation New England Union Post- Employment Medical Savings Account Trust's revenue in 2022 was $49,612.

Who are the executives of Constellation New England Union Post- Employment Medical Savings Account Trust and what are their salaries?


There is 1 key member and their salary:


The Northern Trust Company (Institutional Trustee)
  • Compensation: $173
  • Related: $0
  • Other: $0
Where can I find the form 990 for Constellation New England Union Post- Employment Medical Savings Account Trust?

Constellation New England Union Post- Employment Medical Savings Account Trust's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Constellation New England Union Post- Employment Medical Savings Account Trust

The Constellation New England Union Post-Employment Medical Savings Account Trust is committed to providing retiree healthcare benefits to its participating members. This nonprofit organization, which serves approximately 41 retired union employees and their surviving spouses, accomplishes its mission through the combined contributions of its members and employees. The Trust's primary objective is to ensure that its members have access to essential healthcare services in their post-employment phase. The Trust does not provide specific details about its location, focusing instead on its mission to offer healthcare benefits to its members.

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Impact




October, 2024

The Constellation New England Union Post-Employment Medical Savings Account Trust plays a critical role in providing healthcare benefits to retired union employees. By facilitating healthcare coverage through member and employee contributions, it enables participants and their surviving spouses to access necessary medical services, thereby enhancing their quality of life in retirement.

Serving approximately 41 retired union employee participants, the Trust ensures that individuals who dedicated their careers to the organization can have a safety net for healthcare expenses after their employment ends. This approach not only supports the health and well-being of the participants but also contributes to their financial security during retirement.

Located in Kennett Square, PA, and administered with oversight in Chicago, IL, the Trust embodies a commitment to mutual benefit among its members, fostering a sense of community and support among retirees. Its impact is significant, as it addresses the crucial need for health care in retirement, which can often be a burden without adequate planning and resources. Overall, the Trust serves as an essential resource in promoting the welfare of retired union employees and their families.




This information is meant to be a general summary of Constellation New England Union Post- Employment Medical Savings Account 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
$49,612 (2022)
Expenses
$173 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $28,356
  • Program Service Revenue: $21,256
  • Gross Receipts: $49,612

Assets and Liabilities:

  • Total Assets: $1,218,821
  • Total Liabilities: $0
  • Net Assets: $1,218,821

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Programs

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

PARTICIPANT CONTRIBUTI

Revenue

$21,256

Organization Details

Founding Year

1996

Principal Officer

Vanessa Hecht

Main Address

200 EXELON WAY, KENNETT SQUARE, PA, 19348

NTEE Category

Code: Y43 - Mutual benefit

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