Palmetto Welfare Retiree Benefit Trust

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

EIN: 566536978 ✦ Walterboro, SC ✦ Designated as a 501(c)(12)

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Overview

What is Palmetto Welfare Retiree Benefit Trust?

The Palmetto Welfare Retiree Benefit Trust is a nonprofit organization, specifically established to fund and provide certain health benefits for eligible retirees of Palmetto Rural Telephone Cooperative, Inc. This trust, led by Jason J Dandridge, plays a crucial role in ensuring retired employees have access to necessary medical care after retirement. It operates with a clear mission to support the health needs of this particular group of individuals, contributing to their overall well-being.

Is Palmetto Welfare Retiree Benefit Trust legitimate?

Palmetto Welfare Retiree Benefit Trust is a legitimate nonprofit organization registered as a 501(c)(12) entity. Palmetto Welfare Retiree 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: $24,772
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of Palmetto Welfare Retiree Benefit Trust?

The Palmetto Welfare Retiree Benefit Trust is committed to funding and providing certain retiree health benefits for eligible employees of Palmetto Rural Telephone Cooperative, Inc. Their primary objective is to ensure the well-being of these retired employees by offering essential healthcare support. The trust operates with the goal of providing financial assistance for the healthcare needs of these retired individuals, thereby enhancing their quality of life during their post-employment phase. While the specific details of the benefits offered may vary, the overarching mission remains the same: to offer healthcare support to eligible retirees of Palmetto Rural Telephone Cooperative, Inc.

Who is the CEO of Palmetto Welfare Retiree Benefit Trust?

Jason J Dandridge is the Inst. Truste of Palmetto Welfare Retiree Benefit Trust.

What is the revenue of Palmetto Welfare Retiree Benefit Trust?

Palmetto Welfare Retiree Benefit Trust's revenue in 2022 was $807,649.

Who are the executives of Palmetto Welfare Retiree Benefit Trust and what are their salaries?


There is 1 key member and their salary:


Riazzi Rhyne Swaim Investment (Inst. Truste)
  • Compensation: $0
  • Related: $0
  • Other: $24,772
Where can I find the form 990 for Palmetto Welfare Retiree Benefit Trust?

Palmetto Welfare Retiree Benefit Trust's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Palmetto Welfare Retiree Benefit Trust

The Palmetto Welfare Retiree Benefit Trust, as its name suggests, is a mission-driven entity dedicated to funding and providing specific retiree health benefits for eligible employees of Palmetto Rural Telephone Cooperative, Inc. In simpler terms, this organization serves to financially support and ensure the availability of certain health benefits for retired workers who have contributed their services to Palmetto Rural Telephone Cooperative, Inc. The Trust is led by Jason J Dandridge, who oversees its operations to ensure that eligible retirees receive the health benefits they deserve.

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Impact




October, 2024

The Palmetto Welfare Retiree Benefit Trust plays a significant role in ensuring that eligible employees of Palmetto Rural Telephone Cooperative, Inc. receive essential retiree health benefits. By funding and providing these benefits, the trust helps to secure the financial well-being and healthcare access of retirees, which can significantly alleviate the stress associated with post-employment healthcare costs. This support not only enhances the quality of life for retirees but also fosters a sense of loyalty and commitment among current employees, knowing that their future health needs are being taken into consideration. In essence, the trust reinforces the overall stability and community spirit within the organization and the broader region.




This information is meant to be a general summary of Palmetto Welfare Retiree 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
$807,649 (2022)
Expenses
$384,792 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $447,629
  • Program Service Revenue: $360,020
  • Gross Receipts: $2,765,929

Assets and Liabilities:

  • Total Assets: $10,522,737
  • Total Liabilities: $0
  • Net Assets: $10,522,737

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Programs

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

CONTRIBUTIONS - PALMETTO TEL

Revenue

$360,020

Organization Details

Founding Year

2006

Principal Officer

Jason J Dandridge

Main Address

2471 JEFFERIES HIGHWAY, WALTERBORO, SC, 29488

NTEE Category

Code: Y43 - Mutual benefit

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