Overview
What is Norfolk Southern Corporation Post- Retirement Benefits Trust?
The Norfolk Southern Corporation Post-Retirement Benefits Trust is a nonprofit organization based in Atlanta, serving as a fraternal beneficiary society and voluntary employees association. With annual revenues of approximately $18.8 million, they focus on health and welfare benefits for their members. This trust plays a crucial role in providing post-retirement benefits for the corporation's employees.
What are the reviews and ratings of this charity?
The Norfolk Southern Corporation Post-Retirement Benefits Trust currently holds no rating from Charity Navigator. This absence of a rating stems from the organization not being registered as a 501(c)(3) nonprofit with the IRS, which is a requirement for Charity Navigator's evaluation methodologies, such as Accountability & Finance, Impact & Measurement, Culture & Community, and Leadership & Adaptability.
While the lack of rating neither implies a positive nor negative assessment, it does mean that this organization is not eligible for tax-deductible contributions typical of 501(c)(3) nonprofits. The organization's structure as an independent auxiliary allows it to function without falling under typical nonprofit evaluation frameworks, which may limit the transparency and insight that potential stakeholders can have into its operations and impact.
Due to the absence of user reviews on GreatNonprofits, further perspectives on the trust's impact, effectiveness, or stakeholder satisfaction are unavailable, leaving a lack of public qualitative feedback to consider in its evaluation.
This AI summary has been generated from information found on Charity Navigator.
Is Norfolk Southern Corporation Post- Retirement Benefits Trust legitimate?
Norfolk Southern Corporation Post- Retirement Benefits Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Norfolk Southern Corporation Post- Retirement Benefits 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:
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Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Norfolk Southern Corporation Post- Retirement Benefits Trust?
The Norfolk Southern Corporation Post-Retirement Benefits Trust functions as a fraternal beneficiary society and voluntary employees association. With revenues amounting to $18,789,096, this entity focuses on health and welfare benefits. Its mission is geared towards enhancing the well-being of its members through various beneficial programs. Though specific mission details are not mentioned in the provided information, it's clear that the Trust prioritizes providing support for its retirees post-employment.
Who is the CEO of Norfolk Southern Corporation Post- Retirement Benefits Trust?
M R George is the Chairman of Norfolk Southern Corporation Post- Retirement Benefits Trust.
What is the revenue of Norfolk Southern Corporation Post- Retirement Benefits Trust?
Norfolk Southern Corporation Post- Retirement Benefits Trust's revenue in 2022 was $16,176,886.
Who are the executives of Norfolk Southern Corporation Post- Retirement Benefits Trust and what are their salaries?
Here are 5 key members and their salaries:
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Where can I find the form 990 for Norfolk Southern Corporation Post- Retirement Benefits Trust?
Norfolk Southern Corporation Post- Retirement Benefits Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Norfolk Southern Corporation Post- Retirement Benefits Trust
Norfolk Southern Corporation Post-Retirement Benefits Trust serves as a fraternal beneficiary society and voluntary employees association. With revenues totaling $18,789,096, this organization is dedicated to providing health and welfare benefits to its members. In essence, it acts as a safety net for retirees from Norfolk Southern Corporation, ensuring they have access to essential benefits post-employment. As a fraternal beneficiary society, it fosters a sense of community and camaraderie among its members, offering them a support system during their retirement years. The organization's primary focus lies in delivering on its health and welfare mission, thereby enhancing the quality of life for its members.
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Impact
October, 2024
Norfolk Southern Corporation Post-Retirement Benefits Trust plays a crucial role in providing health and welfare benefits to retirees of Norfolk Southern Corporation. With revenues of $18,789,096, the trust ensures that former employees receive the necessary support and resources for their post-retirement needs. Located in Atlanta, Georgia, the organization operates as a fraternal beneficiary society and voluntary employees association, focusing on mutual benefit.
The impact of this trust is significant as it helps enhance the quality of life for retirees by offering various healthcare benefits, which can alleviate financial burdens associated with medical costs. This support not only contributes to the well-being of retirees and their families but also fosters a sense of community and care among former employees of the corporation. Overall, the trust serves as a vital safety net, reflecting the company's commitment to its workforce even after retirement.
This information is meant to be a general summary of Norfolk Southern Corporation Post- Retirement Benefits 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: $16,176,886
- Gross Receipts: $16,176,886
Assets and Liabilities:
- Total Assets: $124,265,130
- Total Liabilities: $1,198,628
- Net Assets: $123,066,502
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Organization Details
Founding Year
1991
Phone
(470) 463-6682Principal Officer
M R George
Main Address
650 WEST PEACHTREE ST NW, ATLANTA, GA, 30308
NTEE Category
Code: Y40 - Mutual benefit
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