Henard Metal Fabricators Inc Employee Benefit Trust

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

EIN: 581888247 ✦ Kingsport, TN ✦ Designated as a 501(c)(9)

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Overview

What is Henard Metal Fabricators Inc Employee Benefit Trust?

Henard Metal Fabricators Inc Employee Benefit Trust is a nonprofit entity, specifically a trust fund, situated in Kingsport, Tennessee. Its primary role is to offer healthcare-related benefits to the company's employees. The trust fund collects and manages funds, which are utilized to pay for employee welfare claims and administrative expenses associated with the benefits plan. The trust ensures that its employees have access to appropriate healthcare benefits, contributing to their overall well-being.

Is Henard Metal Fabricators Inc Employee Benefit Trust legitimate?

Henard Metal Fabricators Inc Employee Benefit Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Henard Metal Fabricators Inc Employee 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

For more financial information, click here

What is the mission statement of Henard Metal Fabricators Inc Employee Benefit Trust?

The Henard Metal Fabricators Inc Employee Benefit Trust is established with the mission of providing healthcare-related benefits to its employees. The funds received by the trust are utilized primarily for the payment of welfare claims and administrative expenses associated with the plan. The trust serves to support the healthcare needs of the company's employees, ensuring they have access to necessary healthcare benefits.

Who is the CEO of Henard Metal Fabricators Inc Employee Benefit Trust?

William Morris Henard is the Trustee of Henard Metal Fabricators Inc Employee Benefit Trust.

What is the revenue of Henard Metal Fabricators Inc Employee Benefit Trust?

Henard Metal Fabricators Inc Employee Benefit Trust's revenue in 2022 was $94,832.

Who are the executives of Henard Metal Fabricators Inc Employee Benefit Trust and what are their salaries?


Here are 2 key members and their salaries:


William Morris Henard (Trustee)
  • Compensation: $0
  • Related: $548,000
  • Other: $0
Jessica H Gaude (Trustee)
  • Compensation: $0
  • Related: $115,373
  • Other: $0
Where can I find the form 990 for Henard Metal Fabricators Inc Employee Benefit Trust?

Henard Metal Fabricators Inc Employee Benefit Trust's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Henard Metal Fabricators Inc Employee Benefit Trust

Henard Metal Fabricators Inc Employee Benefit Trust is committed to providing healthcare-related benefits to its employees. The organization operates a trust fund, into which welfare claims are paid. The primary function of this trust is to manage and administer these claims, ensuring that funds are utilized effectively and efficiently. The trust's mission is to contribute toward the payment of these claims and cover reasonable administration expenses associated with the plan. By providing these benefits, Henard Metal Fabricators Inc Employee Benefit Trust aims to enhance the overall well-being and health of its employees, fostering a supportive work environment.

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Impact




October, 2024

Henard Metal Fabricators Inc Employee Benefit Trust plays a crucial role in enhancing the well-being of employees by providing essential healthcare-related benefits. It serves as a financial resource dedicated to covering welfare claims for employees, which helps ensure they have access to necessary medical services and support.

The trust fund is structured to collect contributions specifically for the purpose of paying these claims and managing reasonable administrative expenses. This targeted funding approach not only assists employees in navigating their healthcare needs but also fosters a supportive work environment, ultimately contributing to higher job satisfaction and retention.

By fulfilling its mission to provide benefits, Henard Metal Fabricators Inc Employee Benefit Trust positively impacts the lives of employees in Kingsport, TN, helping them maintain their health and productivity while also reinforcing the company's commitment to its workforce.




This information is meant to be a general summary of Henard Metal Fabricators Inc Employee 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
$94,832 (2022)
Expenses
$62,342 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $5,398
  • Gross Receipts: $94,832

Assets and Liabilities:

  • Total Assets: $315,667
  • Total Liabilities: $0
  • Net Assets: $315,667

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Organization Details

Founding Year

1989

Principal Officer

William Morris Henard

Main Address

241 EAST CARTERS VALLEY ROAD, KINGSPORT, TN, 376601183

NTEE Category

Code: Y40 - Mutual benefit

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