Vision Service Plan Post Retirement Welfare Benefits Program

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

EIN: 527325750 ✦ Rancho cordova, CA ✦ Designated as a 501(c)(9)

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Overview

What is Vision Service Plan Post Retirement Welfare Benefits Program?

The Vision Service Plan Post Retirement Welfare Benefits Program is a benefit plan designed for retired employees and their dependents. This program, under the umbrella of Vision Service Plan, aims to provide welfare benefits to its retirees, extending support beyond their active employment. The specific details regarding the nature and scope of these benefits are not provided in the information, but it is clear that the program is intended to assist retired employees and their dependent family members.

Is Vision Service Plan Post Retirement Welfare Benefits Program legitimate?

Vision Service Plan Post Retirement Welfare Benefits Program is a legitimate nonprofit organization registered as a 501(c)(9) entity. Vision Service Plan Post Retirement Welfare Benefits Program 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 Vision Service Plan Post Retirement Welfare Benefits Program?

The Vision Service Plan Post Retirement Welfare Benefits Program is designed with a mission to provide a beneficial plan for retired employees and their dependents. This mission is fulfilled by offering a comprehensive set of benefits, ensuring the well-being and support of the retired employees and their families after their professional life. The program aims to maintain the standard of living and provide essential aid during their post-retirement phase. The specifics of the benefits may include healthcare, financial assistance, and other relevant provisions, but the primary focus is on ensuring a secure and comfortable post-retirement life for the retired employees and their dependents.

Who is the CEO of Vision Service Plan Post Retirement Welfare Benefits Program?

Lester Passuello is the Trustee of Vision Service Plan Post Retirement Welfare Benefits Program.

What is the revenue of Vision Service Plan Post Retirement Welfare Benefits Program?

Vision Service Plan Post Retirement Welfare Benefits Program's revenue in 2022 was $10,758,427.

Who are the executives of Vision Service Plan Post Retirement Welfare Benefits Program and what are their salaries?


There is 1 key member and their salary:


Principal Custody Solutions (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $78,589
Where can I find the form 990 for Vision Service Plan Post Retirement Welfare Benefits Program?

Vision Service Plan Post Retirement Welfare Benefits Program's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Vision Service Plan Post Retirement Welfare Benefits Program

Vision Service Plan Post Retirement Welfare Benefits Program is dedicated to providing a benefit plan for retired employees and their dependents. This mission is centered around offering a comprehensive set of benefits that cater to the needs of retired individuals and their families. The program's objective is to ensure a sense of security and support for those who have previously contributed to the organization during their active employment period. The specifics of the benefits provided under this program are not detailed in the information provided, but it can be inferred that the plan aims to provide financial assistance and support during retirement. This may include healthcare coverage, pension benefits, and other forms of financial aid. Overall, the Vision Service Plan Post Retirement Welfare Benefits Program is committed to enhancing the quality of life for its retired employees and their dependents.

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Impact




October, 2024

The Vision Service Plan Post Retirement Welfare Benefits Program significantly impacts retired employees and their dependents by providing essential benefit plans tailored to their needs. This program aids in ensuring that retirees maintain access to necessary vision care services, which can be crucial for their overall health and well-being.

By offering these benefits, the program alleviates potential financial burdens associated with vision care, enabling retirees to focus on their quality of life during their retirement years. This support not only enhances the health outcomes for participants but also fosters a sense of security and stability for both retirees and their families.

Furthermore, the program underscores the importance of providing ongoing support to those who dedicated their careers to their respective fields. By prioritizing the welfare of retirees, it cultivates a culture of mutual benefit and respect within the community, reinforcing the idea that lifelong contributions are recognized and valued even beyond active employment.




This information is meant to be a general summary of Vision Service Plan Post Retirement Welfare Benefits Program. 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
$10,758,427 (2022)
Expenses
$656,992 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $2,549,131
  • Program Service Revenue: $8,200,489
  • Gross Receipts: $16,401,042

Assets and Liabilities:

  • Total Assets: $66,514,828
  • Total Liabilities: $6,565,693
  • Net Assets: $59,949,135

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Programs

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

EMPLOYER CONTRIBUTIONS

Revenue

$7,453,036

PARTICIPANT CONTRIBUTIONS

Revenue

$747,453

Organization Details

Founding Year

2003

Principal Officer

Lester Passuello

Main Address

3333 QUALITY DRIVE, RANCHO CORDOVA, CA, 95670

NTEE Category

Code: Y43 - Mutual benefit

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