Overview
What is W G Yates & Sons Construction Co Medical Benefits Plan Trust?
W. G. Yates & Sons Construction Co Medical Benefits Plan Trust is a philanthropic organization based in Philadelphia, Mississippi. The trust's primary role is to manage and invest assets for the medical benefits plan, which extends medical coverage to the employees of W. G. Yates & Sons Construction Company and its affiliated organizations. By holding and growing the trust's assets, this nonprofit ensures the financial sustainability of the medical benefits program, securing access to essential healthcare services for the workforce.
Is W G Yates & Sons Construction Co Medical Benefits Plan Trust legitimate?
W G Yates & Sons Construction Co Medical Benefits Plan Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. W G Yates & Sons Construction Co Medical Benefits 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 W G Yates & Sons Construction Co Medical Benefits Plan Trust?
The W G Yates & Sons Construction Co Medical Benefits Plan Trust serves as a trust that manages and invests assets for the medical benefits plan. The primary role of this trust is to ensure the provision of medical benefits for the employees of W. G. Yates & Sons Construction Company and its affiliated companies. This trust's mission lies in maintaining and managing the financial resources required to offer medical benefits to the workforce. The trust's assets are dedicated to facilitating access to essential healthcare services for the employees. By holding and investing the assets, the trust plays a crucial role in securing the medical coverage for the employees, enabling them to focus on their work and well-being.
What is the revenue of W G Yates & Sons Construction Co Medical Benefits Plan Trust?
W G Yates & Sons Construction Co Medical Benefits Plan Trust's revenue in 2023 was $16,660,266.
Who are the executives of W G Yates & Sons Construction Co Medical Benefits Plan Trust and what are their salaries?
There is 1 key member and their salary:
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for W G Yates & Sons Construction Co Medical Benefits Plan Trust?
W G Yates & Sons Construction Co Medical Benefits Plan Trust's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of W G Yates & Sons Construction Co Medical Benefits Plan Trust
W. G. Yates & Sons Construction Co Medical Benefits Plan Trust is a trust that holds and invests assets for the medical benefit plan that caters to the employees of W. G. Yates & Sons Construction Company and its affiliated companies. In simpler terms, this trust serves as a financial foundation for the medical benefits program that secures healthcare coverage for the workforce of W. G. Yates & Sons Construction Company and related enterprises. The trust's primary objective is to ensure the wellbeing of the employees by managing their medical benefits.
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Impact
October, 2024
W G Yates & Sons Construction Co Medical Benefits Plan Trust plays a crucial role in ensuring that employees of W. G. Yates & Sons Construction Company and its affiliated companies have access to essential medical benefits. By holding and investing the assets of the medical benefits plan, the trust secures the financial resources necessary to cover healthcare expenses for employees, thereby promoting their well-being and financial security.
The trust not only provides immediate medical benefits but also helps in managing the long-term sustainability of these benefits. By effectively investing its assets, the trust aims to enhance the value of the fund, ensuring that it can meet current and future healthcare needs of the workforce. This commitment to employees contributes to a more stable and dedicated workforce, which can lead to increased productivity and lower turnover rates.
Overall, the impact of the W G Yates & Sons Construction Co Medical Benefits Plan Trust is significant, as it emphasizes the importance of employee health and wellness while fostering a supportive corporate culture that values the well-being of its workers.
This information is meant to be a general summary of W G Yates & Sons Construction Co Medical Benefits 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 2023.
- Investment Income: $24,124
- Program Service Revenue: $16,636,142
- Gross Receipts: $16,660,266
Assets and Liabilities:
- Total Assets: $539,237
- Total Liabilities: $512,010
- Net Assets: $27,227
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTIONS
Revenue
$8,350,017
PARTICIPANT CONTRIBUTIONS
Revenue
$7,441,289
OTHER INCOME
Revenue
$429,343
REINSURANCE BENEFITS
Revenue
$348,709
COBRA
Revenue
$66,784
Organization Details
Founding Year
1992
Principal Officer
William G Yates Jr
NTEE Category
Code: Y40 - Mutual benefit
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