Overview
What is Olin Employment Transition Benefit Trust?
The Olin Employment Transition Benefit Trust is a nonprofit entity based in Norton, Massachusetts. Primarily functioning as a Voluntary Employees' Beneficiary Association, this organization offers insurance services. It reported a significant annual revenue of $1,238,555, demonstrating its financial stability and impact in its field. The trust's mission focuses on providing insurance services, contributing positively to its local community in Norton, MA.
Is Olin Employment Transition Benefit Trust legitimate?
Olin Employment Transition Benefit Trust is a legitimate nonprofit organization registered as a 501(c)(17) entity. Olin Employment Transition 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
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What is the mission statement of Olin Employment Transition Benefit Trust?
The Olin Employment Transition Benefit Trust, functioning as a Voluntary Employees' Beneficiary Association, is primarily focused on offering insurance services. Although the provided information does not specify an explicit mission statement, it can be inferred that their primary activity revolves around providing financial protection and security to their beneficiaries through insurance services. However, without additional data, it is challenging to provide a more detailed mission statement.
Who is the CEO of Olin Employment Transition Benefit Trust?
Principal Financial Group is the Principal Officer of Olin Employment Transition Benefit Trust.
What is the revenue of Olin Employment Transition Benefit Trust?
Olin Employment Transition Benefit Trust's revenue in 2022 was $2,911,445.
Who are the executives of Olin Employment Transition Benefit Trust and what are their salaries?
There is 1 key member and their salary:
- Compensation: $7,204
- Related: $0
- Other: $0
Where can I find the form 990 for Olin Employment Transition Benefit Trust?
Olin Employment Transition Benefit Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Olin Employment Transition Benefit Trust
The Olin Employment Transition Benefit Trust, as a Voluntary Employees' Beneficiary Association, is dedicated to offering insurance services. Its primary mission is to provide financial support and resources in this particular field. Last year, the organization generated a total revenue of $1,238,555, demonstrating its significant impact and commitment to its mission.
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Impact
October, 2024
The Olin Employment Transition Benefit Trust plays a significant role in providing support to employees transitioning between jobs. By offering insurance services, it helps individuals navigate the often challenging period of unemployment or job change. This support can include various forms of insurance that safeguard against loss of income and health-related expenses, thereby easing financial burdens during transitions.
With a total revenue of $1,238,555 last year, the trust is equipped to effectively deliver these essential services, contributing to the stability and well-being of its beneficiaries. Operating from Norton, MA, and serving members in Phoenix, AZ, it plays a crucial part in fostering mutual benefit among employees who rely on its services during transitional phases in their careers. Overall, the Olin Employment Transition Benefit Trust enhances job security and economic resilience by addressing the needs of workers in a proactive manner.
This information is meant to be a general summary of Olin Employment Transition 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $143,954
- Program Service Revenue: $2,766,639
- Gross Receipts: $2,911,445
Assets and Liabilities:
- Total Assets: $7,923,302
- Total Liabilities: $0
- Net Assets: $7,923,302
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTIONS
Revenue
$2,766,639
Organization Details
Founding Year
1995
Phone
(602) 562-0883Principal Officer
Principal Financial Group
Main Address
PO BOX 53456 MAC S4101-22G, PHOENIX, AZ, 85072
NTEE Category
Code: Y20 - Mutual benefit
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