Overview
What is United Parcel Service Health And Welfare Plan Trust For Collect?
United Parcel Service Health and Welfare Plan Trust For Collect functions as a trust that manages and finances several collectively bargained health and welfare plans for United Parcel Service, Inc. and its subsidiaries. These plans ensure medical and life insurance coverage for the employees and their dependents. The trust is responsible for holding the assets and controlling the payment functions to provide essential benefits to the covered workforce.
Is United Parcel Service Health And Welfare Plan Trust For Collect legitimate?
United Parcel Service Health And Welfare Plan Trust For Collect is a legitimate nonprofit organization registered as a 501(c)(9) entity. United Parcel Service Health And Welfare Plan Trust For Collect 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 United Parcel Service Health And Welfare Plan Trust For Collect?
The United Parcel Service Health and Welfare Plan Trust For Collect manages and holds the assets for several collectively bargained health and welfare plans. These plans offer medical and life insurance benefits to employees of United Parcel Service, Inc. and its subsidiaries, along with their dependents. The trust is responsible for controlling the payment functions for these plans, ensuring that eligible individuals receive their insurance coverage. The plans aim to provide comprehensive health and welfare benefits to the covered workforce, enhancing their overall well-being. The trust's mission is to facilitate the smooth delivery of benefits to those who need them, fostering peace of mind and security for UPS employees and their families.
Who is the CEO of United Parcel Service Health And Welfare Plan Trust For Collect?
Barbara Dorfman is the Fmr Admin. Committee Member of United Parcel Service Health And Welfare Plan Trust For Collect.
What is the revenue of United Parcel Service Health And Welfare Plan Trust For Collect?
United Parcel Service Health And Welfare Plan Trust For Collect's revenue in 2022 was $244,624,459.
Who are the executives of United Parcel Service Health And Welfare Plan Trust For Collect and what are their salaries?
Here are 6 key members and their salaries:
- Compensation: $0
- Related: $977,590
- Other: $21,261
- Compensation: $0
- Related: $757,998
- Other: $19,027
- Compensation: $0
- Related: $448,737
- Other: $25,816
- Compensation: $0
- Related: $349,412
- Other: $26,718
- Compensation: $0
- Related: $354,577
- Other: $17,761
- Compensation: $0
- Related: $14,946
- Other: $0
Where can I find the form 990 for United Parcel Service Health And Welfare Plan Trust For Collect?
United Parcel Service Health And Welfare Plan Trust For Collect's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of United Parcel Service Health And Welfare Plan Trust For Collect
United Parcel Service Health and Welfare Plan Trust for Collect, also known as the VEBA trust, plays a crucial role in managing several collectively bargained health and welfare plans. This trust is responsible for holding the assets and controlling the payment functions for these plans. These plans offer essential medical and life insurance benefits to employees of United Parcel Service, Inc., and its subsidiaries, extending coverage to their dependents as well.
In essence, the VEBA trust acts as a trustee, safeguarding the resources needed to ensure the continuity of the health and welfare plans. By controlling the payment functions, the trust ensures that eligible employees and their dependents receive the benefits outlined in their respective plans. The plans themselves provide vital medical coverage and life insurance, offering a sense of security and peace of mind to the covered individuals. With the trust's stewardship, these plans continue to provide crucial benefits to the employees and their families, maintaining their overall well-being.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
The United Parcel Service Health and Welfare Plan Trust for Collect plays a vital role in managing the financial aspects of health and welfare benefits for employees. By holding assets and controlling payment functions, it ensures that collectively bargained plans are effectively administered. This includes providing essential medical and life insurance benefits not only to employees of United Parcel Service, Inc. and its subsidiaries but also to their dependents.
The trust's operations are crucial in maintaining a steady and reliable support system for employees, reflecting a commitment to their well-being and financial security. Through the proper management of these benefits, the trust enhances employee satisfaction and loyalty, contributing to a healthier workforce. Additionally, it helps mitigate risks associated with healthcare costs, ensuring that employees have access to necessary medical services and support during critical times.
This information is meant to be a general summary of United Parcel Service Health And Welfare Plan Trust For Collect. 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: $41,908
- Program Service Revenue: $214,351,850
- Gross Receipts: $244,624,459
Assets and Liabilities:
- Total Assets: $3,831,389
- Total Liabilities: $0
- Net Assets: $3,831,389
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
UNITED PARCEL SERVICE, INC.
Revenue
$214,351,850
Organization Details
Founding Year
1992
Phone
(404) 828-6093Principal Officer
Barbara Dorfman
Main Address
55 Glenlake Parkway NE, Atlanta, GA, 30328
NTEE Category
Code: Y40 - Mutual benefit
If you are a representative of United Parcel Service Health And Welfare Plan Trust For Collect and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.