Standard Discount Corporation Veba Employee Benefit Plan (Veba)

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

EIN: 581962187 ✦ Moultrie, GA ✦ Designated as a 501(c)(9)

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Overview

What is Standard Discount Corporation Veba Employee Benefit Plan (Veba)?

The Standard Discount Corporation Veba Employee Benefit Plan (Veba) is a nonprofit organization based in Moultrie, Georgia. Its primary purpose is to manage and distribute funds for providing health and welfare benefits to eligible employees and their covered dependents. Established with a voluntary benefits mission, Veba aims to offer medical benefits to the corporation's employees and their eligible dependents who require medical care. The plan operates within the specified limits and guidelines, ensuring that eligible beneficiaries receive necessary healthcare support.

Is Standard Discount Corporation Veba Employee Benefit Plan (Veba) legitimate?

Standard Discount Corporation Veba Employee Benefit Plan (Veba) is a legitimate nonprofit organization registered as a 501(c)(9) entity. Standard Discount Corporation Veba Employee Benefit Plan (Veba) 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 Standard Discount Corporation Veba Employee Benefit Plan (Veba)?

The Standard Discount Corporation Veba Employee Benefit Plan, often referred to as Veba, was established with the purpose of providing voluntary benefits to its organization's members. Its mission is centered around providing medical benefits, specifically for the employees of the corporation and their eligible dependents who require medical care. Veba receives and manages funds to dispense health and welfare benefits on behalf of eligible employees and their covered dependents. This plan aims to support the medical needs of its members, ensuring they have access to necessary medical care when required.

Who is the CEO of Standard Discount Corporation Veba Employee Benefit Plan (Veba)?

James Jeter is the Trustee of Standard Discount Corporation Veba Employee Benefit Plan (Veba).

What is the revenue of Standard Discount Corporation Veba Employee Benefit Plan (Veba)?

Standard Discount Corporation Veba Employee Benefit Plan (Veba)'s revenue in 2022 was $751,747.

Who are the executives of Standard Discount Corporation Veba Employee Benefit Plan (Veba) and what are their salaries?


Here are 5 key members and their salaries:


James Jeter (Trustee)
  • Compensation: $0
  • Related: $226,465
  • Other: $0
Dan Jeter (Trustee)
  • Compensation: $0
  • Related: $226,465
  • Other: $0
Amy Richter (Trustee)
  • Compensation: $0
  • Related: $115,948
  • Other: $0
William H Reid (Manager)
  • Compensation: $0
  • Related: $113,548
  • Other: $0
Andrew K Shealy (Manager)
  • Compensation: $0
  • Related: $108,028
  • Other: $0
Where can I find the form 990 for Standard Discount Corporation Veba Employee Benefit Plan (Veba)?

Standard Discount Corporation Veba Employee Benefit Plan (Veba)'s most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Standard Discount Corporation Veba Employee Benefit Plan (Veba)

Standard Discount Corporation's Veba Employee Benefit Plan, often referred to as Veba, was established with a mission to extend voluntary benefits to its organization's members. At its core, this plan is dedicated to providing medical benefits for the employees of the corporation and their eligible dependents who may require medical care. In essence, Veba acts as an intermediary, receiving and disbursing funds to ensure the provision of health and welfare benefits for eligible employees and their covered dependents. This commitment to employee welfare is a testament to Veba's dedication to the well-being of its members and their families, offering a safety net during times of medical need.

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Impact




October, 2024

The Standard Discount Corporation Veba Employee Benefit Plan (Veba) significantly impacts its members by providing essential voluntary health and welfare benefits. By receiving and disbursing funds, it facilitates access to medical care for eligible employees and their covered dependents, ensuring they receive necessary medical attention without overwhelming financial burden.

The mission of Veba focuses on delivering medical benefits, which plays a critical role in promoting the health and welfare of employees and their families. This plan not only enhances employee satisfaction and morale but also aids in talent retention by offering comprehensive support during times of medical need.

Furthermore, by addressing the health care needs of employees, Veba contributes to a more productive workforce, as employees can focus on their jobs without the stress of worrying about medical costs. Overall, the influence of the Veba plan extends beyond individual benefits, fostering a supportive work environment that prioritizes the well-being of its members.




This information is meant to be a general summary of Standard Discount Corporation Veba Employee Benefit Plan (Veba). 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
$751,747 (2022)
Expenses
$757,454 (2022)
Efficiency

Other financial information:

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

  • Program Service Revenue: $751,747
  • Gross Receipts: $751,747

Assets and Liabilities:

  • Total Assets: $1,584
  • Total Liabilities: $0
  • Net Assets: $1,584

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Programs

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

CONTRIBUTIONS

Revenue

$751,747

Organization Details

Founding Year

1991

Principal Officer

James Jeter

Main Address

PO BOX 685, MOULTRIE, GA, 31776

NTEE Category

Code: Y40 - Mutual benefit

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