Overview
What is Wachovia Corporation Long Term Disability Plan Trust?
Wachovia Corporation Long Term Disability Plan Trust is a voluntary organization, specifically known as a Voluntary Employees Beneficiary Association (VEBA), situated in Minneapolis, Minnesota. Their primary function is to offer disability benefits as outlined in their mission. This nonprofit serves as a safety net for individuals, providing financial assistance during periods of disability. The organization operates within the guidelines of its trust, ensuring that eligible beneficiaries receive the disability benefits they require.
Is Wachovia Corporation Long Term Disability Plan Trust legitimate?
Wachovia Corporation Long Term Disability Plan Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Wachovia Corporation Long Term Disability 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 Wachovia Corporation Long Term Disability Plan Trust?
The Wachovia Corporation Long Term Disability Plan Trust serves as a Voluntary Employees Beneficiary Association, dedicated to providing disability benefits for its members. Its primary mission is to offer financial support to individuals who are temporarily or permanently unable to work due to illness or injury. By providing disability benefits, the trust aims to alleviate the financial stress during such challenging periods, enabling the beneficiaries to focus on their recovery and well-being. The trust operates on the principle of supporting employees during their times of need, ensuring financial stability and peace of mind.
Who is the CEO of Wachovia Corporation Long Term Disability Plan Trust?
Jeff Roy is the Institutional Trustee of Wachovia Corporation Long Term Disability Plan Trust.
What is the revenue of Wachovia Corporation Long Term Disability Plan Trust?
Wachovia Corporation Long Term Disability Plan Trust's revenue in 2022 was $5,541,993.
Who are the executives of Wachovia Corporation Long Term Disability Plan Trust and what are their salaries?
There is 1 key member and their salary:
- Compensation: $0
- Related: $0
- Other: $166
Where can I find the form 990 for Wachovia Corporation Long Term Disability Plan Trust?
Wachovia Corporation Long Term Disability Plan Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Wachovia Corporation Long Term Disability Plan Trust
The Wachovia Corporation Long Term Disability Plan Trust, functioning as a Voluntary Employees Beneficiary Association, is committed to providing disability benefits. In essence, this organization serves as a safety net for employees, offering financial assistance during periods of incapacity due to illness or injury. By offering disability benefits, the Wachovia Corporation Long Term Disability Plan Trust aims to alleviate some of the financial burdens associated with such circumstances, enabling individuals to focus on their recovery and well-being. The mission of this association is to provide a sense of security and support during challenging times, ensuring that employees can maintain their financial stability during periods of disability.
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Impact
October, 2024
The Wachovia Corporation Long Term Disability Plan Trust plays a significant role in providing essential financial support to employees facing long-term disabilities. By operating as a Voluntary Employees Beneficiary Association (VEBA), it ensures that members can access disability benefits that help maintain their quality of life during challenging times.
This trust alleviates financial stress for individuals who may be unable to work due to health issues, promoting stability and security for them and their families. Additionally, by pooling resources among participants, it creates a mutual benefit system that fosters a sense of community and shared responsibility. This collaboration allows for the sustainable delivery of benefits, ultimately contributing to a healthier workforce and reducing the burden on public assistance programs.
In essence, the Wachovia Corporation Long Term Disability Plan Trust not only provides vital support but also empowers employees, enabling them to navigate their difficult circumstances with greater confidence and fewer worries.
This information is meant to be a general summary of Wachovia Corporation Long Term Disability 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 2022.
- Investment Income: $38,481
- Program Service Revenue: $5,500,000
- Gross Receipts: $5,541,993
Assets and Liabilities:
- Total Assets: $8,114,344
- Total Liabilities: $0
- Net Assets: $8,114,344
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Employer contributions
Revenue
$5,500,000
Organization Details
Founding Year
1988
Principal Officer
Jeff Roy
Main Address
222 South 9th Street STE 1400, Minneapolis, MN, 55402
NTEE Category
Code: Y40 - Mutual benefit
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