Overview
What is Pharr Yarns Employee Benefit Plan Trust?
Pharr Yarns Employee Benefit Plan Trust is a nonprofit entity situated in McAdenville, North Carolina. Its primary function is to offer a range of benefits, including medical, life, dental, short-term disability, and accidental death and dismemberment (AD&D) programs, to the employees and retirees of the sponsoring company. These benefits are designed to support the wellbeing and health of the trust's members. The trust serves as a valuable resource for its members, providing essential coverage to enhance their overall quality of life.
Is Pharr Yarns Employee Benefit Plan Trust legitimate?
Pharr Yarns Employee Benefit Plan Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Pharr Yarns Employee 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Pharr Yarns Employee Benefit Plan Trust?
The Pharr Yarns Employee Benefit Plan Trust is dedicated to providing medical, life, dental, and disability benefits to the employees and retirees of the sponsoring company. The main objective of this trust is to ensure the well-being of its members by offering comprehensive healthcare and financial protection programs. The benefits provided by the trust include health coverage, life insurance, dental plans, short-term disability, and accidental death and dismemberment protection. The participants of the Pharr Yarns Employee Benefit Trust can avail of these programs, thereby safeguarding their health and financial security.
What is the revenue of Pharr Yarns Employee Benefit Plan Trust?
Pharr Yarns Employee Benefit Plan Trust's revenue in 2024 was $18,041.
Who are the executives of Pharr Yarns Employee Benefit Plan Trust and what are their salaries?
Here are 4 key members and their salaries:
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Where can I find the form 990EZ for Pharr Yarns Employee Benefit Plan Trust?
Pharr Yarns Employee Benefit Plan Trust's most recent form 990EZ was submitted in 2024 and can be accessed here.
Mission Statement of Pharr Yarns Employee Benefit Plan Trust
The Pharr Yarns Employee Benefit Plan Trust is a mission-driven entity that aims to extend medical, life, dental, and disability benefits to the employees and retirees of the sponsoring company. This trust serves as a vital safety net, providing participants with health, life, dental, short-term disability, and accidental death and dismemberment (AD&D) programs. By offering these benefits, the Pharr Yarns Employee Benefit Plan Trust plays a significant role in enhancing the well-being and financial security of its members. The trust's activities are centered around providing essential benefits to its members, thereby contributing to their overall health and peace of mind.
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Impact
October, 2024
The Pharr Yarns Employee Benefit Plan Trust plays a significant role in enhancing the well-being of employees and retirees associated with the sponsoring company. By offering comprehensive medical, life, dental, and disability benefits, it ensures that members have access to vital health services, financial protection in times of need, and support during unexpected life events.
This trust not only addresses immediate healthcare and financial needs through its robust benefits programs but also fosters a sense of security and peace of mind for its participants. By providing these essential services, the trust contributes to a healthier workforce and promotes long-term stability for employees and retirees alike. The focus on mutual benefit means that employees feel valued and supported, which can enhance job satisfaction and overall company morale. Through its operations in McAdenville, NC, the Pharr Yarns Employee Benefit Plan Trust exemplifies the importance of investing in employee welfare and building a strong, resilient community.
This information is meant to be a general summary of Pharr Yarns Employee 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 2024.
- Investment Income: $18,041
- Program Service Revenue: $2,442,350
- Gross Receipts: $18,041
Assets and Liabilities:
- Total Assets: $279,585
- Total Liabilities: $0
- Net Assets: $279,585
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CORPORATE CONTRIBUTION
Revenue
$1,950,504
EMPLOYEE CONTRIBUTIONS
Revenue
$491,846
Organization Details
Founding Year
1974
Principal Officer
Frederick Erickson
NTEE Category
Code: Y40 - Mutual benefit
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