L J Hughes & Sons Inc Employee Benefit Trust

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

EIN: 550720867 ✦ Summersville, WV ✦ Designated as a 501(c)(9)

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Overview

What is L J Hughes & Sons Inc Employee Benefit Trust?

L J Hughes & Sons Inc Employee Benefit Trust is a nonprofit entity, primarily located in Summersville, West Virginia. Its primary mission is to provide comprehensive employee benefits, encompassing life insurance, short-term disability coverage, and health care for the employees and their dependents of L J Hughes & Sons Inc. Approximately 17 individuals and their families have benefited from these services. The Trust's purpose is to safeguard and support the well-being of its beneficiaries in various aspects of their lives.

Is L J Hughes & Sons Inc Employee Benefit Trust legitimate?

L J Hughes & Sons Inc Employee Benefit Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. L J Hughes & Sons Inc Employee Benefit 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of L J Hughes & Sons Inc Employee Benefit Trust?

The L J Hughes & Sons Inc Employee Benefit Trust is committed to providing essential protection to its employees. Their mission is to offer life insurance and short-term disability benefits to their workforce. Furthermore, they extend health care coverage to not only the employees but also their dependents. This safety net ensures financial security in the event of unforeseen circumstances such as sickness, accidents, or death. The trust has benefited approximately 17 employees and their dependents with these insurance coverages.

Who is the CEO of L J Hughes & Sons Inc Employee Benefit Trust?

David M Hughes is the Trustee of L J Hughes & Sons Inc Employee Benefit Trust.

What is the revenue of L J Hughes & Sons Inc Employee Benefit Trust?

L J Hughes & Sons Inc Employee Benefit Trust's revenue in 2023 was $220,622.

Who are the executives of L J Hughes & Sons Inc Employee Benefit Trust and what are their salaries?


Here are 3 key members and their salaries:


David M Hughes (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
John M Hughes (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Fletcher G Herold Jr (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for L J Hughes & Sons Inc Employee Benefit Trust?

L J Hughes & Sons Inc Employee Benefit Trust's most recent form 990 was submitted in 2023 and can be accessed here.

Mission Statement of L J Hughes & Sons Inc Employee Benefit Trust

L.J. Hughes & Sons Inc. Employee Benefit Trust is dedicated to offering life insurance and short-term disability benefits to its employees, as well as providing health care coverage for both employees and their dependents. The organization's primary goal is to ensure the financial and health security of its workforce, offering protection in the event of unforeseen circumstances such as illness, accidents, or the unfortunate loss of a loved one.

By providing these essential benefits, the Employee Benefit Trust demonstrates its commitment to the well-being of its employees and their families. The coverage offered by the Trust not only provides a financial safety net but also peace of mind, allowing employees to focus on their health and recovery during difficult times. The Trust's payments for life, sickness, accident, and supplemental health insurance coverage have benefited approximately 17 employees and their dependents, highlighting the organization's significant impact on the lives of its workforce.

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Impact




October, 2024

L J Hughes & Sons Inc Employee Benefit Trust plays a crucial role in enhancing the well-being and security of its employees and their families. By providing life insurance, short-term disability coverage, and health care benefits, the trust significantly contributes to the financial protection of approximately 17 employees and their dependents in Summersville, WV.

The trust's offerings ensure that employees have access to vital health care services, safeguarding their physical health and well-being. In the event of illness or accident, short-term disability coverage provides necessary support, allowing employees to focus on recovery without the added stress of financial burdens. Furthermore, life insurance offers peace of mind to employees and their families, knowing that they have a safety net in case of unforeseen circumstances.

Overall, the L J Hughes & Sons Inc Employee Benefit Trust fosters a supportive work environment, enhances employee morale, and promotes loyalty. By prioritizing the health and financial security of its workforce, it contributes to a more stable and motivated team, ultimately benefiting the organization's productivity and success.




This information is meant to be a general summary of L J Hughes & Sons Inc Employee Benefit 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
$220,622 (2023)
Expenses
$211,900 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $17
  • Program Service Revenue: $220,605
  • Gross Receipts: $220,622

Assets and Liabilities:

  • Total Assets: $11,636
  • Total Liabilities: $0
  • Net Assets: $11,636

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Programs

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

ASSESSMENTS

Revenue

$220,605

Organization Details

Principal Officer

David M Hughes

Main Address

320 TURNPIKE ROAD, SUMMERSVILLE, WV, 26651

NTEE Category

Code: Y40 - Mutual benefit

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