Overview
What is National Academy Of Sciences Retiree Welfare Benefit Plan Trust?
The National Academy of Sciences Retiree Welfare Benefit Plan Trust is a nonprofit organization established for the benefit of the National Academy of Sciences (NAS). Its primary role is to manage, hold, and invest assets, specifically for the purpose of funding health insurance and life insurance premiums for eligible retirees and participants under the NAS Retiree Welfare Benefit Plan, in accordance with ERISA regulations. This trust operates to ensure the financial security of its beneficiaries, providing them with essential healthcare coverage.
Is National Academy Of Sciences Retiree Welfare Benefit Plan Trust legitimate?
National Academy Of Sciences Retiree Welfare Benefit Plan Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. National Academy Of Sciences Retiree Welfare Benefit Plan 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: $364,601
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of National Academy Of Sciences Retiree Welfare Benefit Plan Trust?
The National Academy of Sciences Retiree Welfare Benefit Plan Trust was established with the primary purpose of managing and investing certain assets on behalf of the National Academy of Sciences Retiree Welfare Benefit Plan. These assets are held in trust to pay insurance premiums for eligible retirees and participants under the plan, in accordance with the terms of the plan and the Employment Retirement Income Security Act (ERISA). The trust operates for the benefit of the National Academy of Sciences, serving as a financial entity that ensures the continuity of insurance coverage for retirees and other plan participants.
Who is the CEO of National Academy Of Sciences Retiree Welfare Benefit Plan Trust?
Unavailable
What is the revenue of National Academy Of Sciences Retiree Welfare Benefit Plan Trust?
National Academy Of Sciences Retiree Welfare Benefit Plan Trust's revenue in 2022 was $6,438,476.
Who are the executives of National Academy Of Sciences Retiree Welfare Benefit Plan Trust and what are their salaries?
There is 1 key member and their salary:
- Compensation: $364,601
- Related: $0
- Other: $0
Where can I find the form 990 for National Academy Of Sciences Retiree Welfare Benefit Plan Trust?
National Academy Of Sciences Retiree Welfare Benefit Plan Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of National Academy Of Sciences Retiree Welfare Benefit Plan Trust
The National Academy of Sciences Retiree Welfare Benefit Plan Trust was established with the primary objective of benefiting the National Academy of Sciences (NAS). Its primary role is to manage and invest certain assets on behalf of the NAS Retiree Welfare Benefit Plan. These assets are held in trust and are utilized to pay insurance premiums for eligible retirees and participants under the plan, adhering to the terms of the plan and the Employment Retirement Income Security Act (ERISA). The Trust serves as a vital financial mechanism, ensuring the continuity of insurance coverage for eligible retirees and participants under the NAS Retiree Welfare Benefit Plan.
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Impact
October, 2024
The National Academy of Sciences Retiree Welfare Benefit Plan Trust serves a crucial role in supporting the financial well-being of eligible retirees and participants in the National Academy of Sciences retiree welfare benefit plan. By managing, holding, and investing assets specifically for this purpose, the trust ensures that funds are available to cover insurance premiums, such as health and life insurance, which are vital for retirees' security and peace of mind.
The impact of this trust extends beyond mere financial management; it reinforces the commitment to the health and welfare of those who have dedicated their careers to science and research. By providing the necessary financial structure to meet these obligations, the trust helps safeguard the future of participants, ensuring they receive the benefits they are entitled to under the plan and in accordance with the legal standards set by the Employee Retirement Income Security Act (ERISA).
Ultimately, the trust plays a significant role in fostering a supportive environment for the scientific community, demonstrating a commitment to its members even after their professional contributions have concluded. This enhances the overall esteem and morale within the organization, thereby contributing to the broader mission of advancing science and research.
This information is meant to be a general summary of National Academy Of Sciences Retiree Welfare Benefit Plan 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: $2,544,485
- Program Service Revenue: $3,893,991
- Gross Receipts: $26,699,219
Assets and Liabilities:
- Total Assets: $59,001,038
- Total Liabilities: $0
- Net Assets: $59,001,038
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONTRIB. FROM EMPLOYER
Revenue
$3,893,991
Organization Details
Founding Year
1999
Phone
(585) 325-1129Main Address
CO EXETER TR CO TTEE 155 FLEET ST, PORTSMOUTH, NH, 03801
NTEE Category
Code: U192 - Science research
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