Suntrust Employee Welfare Trust

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

EIN: 581800207 ✦ Winstonsalem, NC ✦ Designated as a 501(c)(9)

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Overview

What is Suntrust Employee Welfare Trust?

Suntrust Employee Welfare Trust is a nonprofit organization primarily established to offer health and welfare benefits to participants within the Truist Financial Corporation employee welfare plan. The trust's sole mission is dedicated to enriching the well-being of these individuals, providing them with essential health benefits as well as additional welfare support. The specific services and benefits offered by the trust are not detailed in the provided information.

Is Suntrust Employee Welfare Trust legitimate?

Suntrust Employee Welfare Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Suntrust Employee Welfare 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 Suntrust Employee Welfare Trust?

The Suntrust Employee Welfare Trust is established with the primary objective of providing health and various welfare benefits to the participants of the Truist Financial Corporation Employee Welfare Plan. The trust's mission is centered around enhancing the well-being of its members, offering a range of benefits beyond just health care. This commitment ensures that the beneficiaries of the plan are well-supported and cared for. The trust's activities are focused on delivering these benefits to the participants, serving as a vital resource for their overall wellness.

What is the revenue of Suntrust Employee Welfare Trust?

Suntrust Employee Welfare Trust's revenue in 2020 was $223.

Who are the executives of Suntrust Employee Welfare Trust and what are their salaries?

There is 1 key member and their salary:


Truist Bank (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Suntrust Employee Welfare Trust?

Suntrust Employee Welfare Trust's most recent form 990 was submitted in 2020 and can be accessed here.

Mission Statement of Suntrust Employee Welfare Trust

Suntrust Employee Welfare Trust is a nonprofit organization dedicated to providing health and various welfare benefits to participants of the Truist Financial Corporation Employee Welfare Plan. Its primary mission is to ensure the well-being of these plan participants, offering them a range of health-related and additional benefits. By serving as a supportive resource, Suntrust Employee Welfare Trust aims to enhance the overall quality of life for its beneficiaries, demonstrating its commitment to their well-being.

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Impact




October, 2024

Suntrust Employee Welfare Trust plays a vital role in enhancing the well-being of participants in the Truist Financial Corporation Employee Welfare Plan. By focusing exclusively on providing health and other welfare benefits, the trust supports employees' healthcare needs and overall welfare, fostering a more secure and healthier workforce. This commitment not only improves individual health outcomes but also contributes to a positive work environment, ultimately benefiting the organization as a whole.




This information is meant to be a general summary of Suntrust Employee Welfare 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
$223 (2020)
Expenses
$1,119,346 (2020)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2020.

  • Investment Income: $223
  • Gross Receipts: $223

Assets and Liabilities:

  • Total Assets: $0
  • Total Liabilities: $0
  • Net Assets: $0

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Programs

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

EMPLOYER CONTRIBUTIONS
00
PARTICIPANT CONTRIBUTIONS
00

Organization Details

Founding Year

1987

Principal Officer

Kathy Kraiss Same As C Above

NTEE Category

Code: Y40 - Mutual benefit

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