The Gulfstream Aerospace Corporation Retiree Benefits Trust

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

EIN: 582495809 ✦ Chicago, IL ✦ Designated as a 501(c)(9)

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Overview

What is The Gulfstream Aerospace Corporation Retiree Benefits Trust?

The Gulfstream Aerospace Corporation Retiree Benefits Trust is a nonprofit organization focused on delivering medical benefits to its employees. It functions as both a fraternal beneficiary society and a voluntary employees association, ensuring a comprehensive approach to meeting the health needs of its workforce. The Trust's mission is fulfilled through various programs, enabling it to provide essential medical benefits to its retirees.

Is The Gulfstream Aerospace Corporation Retiree Benefits Trust legitimate?

The Gulfstream Aerospace Corporation Retiree Benefits Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. The Gulfstream Aerospace Corporation Retiree Benefits 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: $44,597
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of The Gulfstream Aerospace Corporation Retiree Benefits Trust?

The Gulfstream Aerospace Corporation Retiree Benefits Trust is dedicated to delivering medical benefits to its employees. As a fraternal beneficiary society and voluntary employees association, it carries out this objective through various programs. The Trust's primary focus is on ensuring the wellbeing of its members by providing them with essential medical coverage. By operating as a fraternal beneficiary society, it fosters a sense of community among its members. The Trust's mission is to offer comprehensive healthcare solutions for employees, contributing to their overall health and well-being. The organization's commitment to medical benefits empowers its employees to lead healthier lives post-retirement.

Who is the CEO of The Gulfstream Aerospace Corporation Retiree Benefits Trust?

Randall Miller is the Principal Officer of The Gulfstream Aerospace Corporation Retiree Benefits Trust.

What is the revenue of The Gulfstream Aerospace Corporation Retiree Benefits Trust?

The Gulfstream Aerospace Corporation Retiree Benefits Trust's revenue in 2022 was $13,964,541.

Who are the executives of The Gulfstream Aerospace Corporation Retiree Benefits Trust and what are their salaries?


There is 1 key member and their salary:


The Northern Trust Company (Trustee)
  • Compensation: $44,597
  • Related: $0
  • Other: $0
Where can I find the form 990 for The Gulfstream Aerospace Corporation Retiree Benefits Trust?

The Gulfstream Aerospace Corporation Retiree Benefits Trust's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of The Gulfstream Aerospace Corporation Retiree Benefits Trust

The Gulfstream Aerospace Corporation Retiree Benefits Trust is a fraternal beneficiary society and voluntary employees association dedicated to providing medical benefits to its members. This nonprofit organization operates with a mission to deliver essential healthcare services to employees, fulfilling their needs and ensuring their wellbeing.

By managing programs that focus on medical coverage, The Gulfstream Aerospace Corporation Retiree Benefits Trust plays a pivotal role in enhancing the quality of life for its beneficiaries. Through its operations, the organization functions as a safety net, providing vital medical benefits to its members during their retirement years. As a result, members can enjoy peace of mind, knowing they have access to necessary healthcare services.

The Gulfstream Aerospace Corporation Retiree Benefits Trust serves its members as a committed partner and trusted ally throughout their post-employment journey. By offering medical benefits, the organization not only supports the physical health of its members but also contributes to their overall wellbeing and financial stability.

In summary, the Gulfstream Aerospace Corporation Retiree Benefits Trust is a vital resource for its members, providing them with essential medical benefits and contributing to their overall wellbeing during retirement. Through its operations as a fraternal beneficiary society and voluntary employees association, the organization fulfills its mission to support and care for the health needs of its members.

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Impact




October, 2024

The Gulfstream Aerospace Corporation Retiree Benefits Trust plays a crucial role in providing medical benefits to employees. By offering programs that focus on health and wellness, it ensures that retirees have access to necessary medical services and support. This trust operates as a fraternal beneficiary society and voluntary employees association, fostering a sense of community and mutual support among participants. Its initiatives not only help to alleviate financial burdens associated with healthcare but also enhance the overall well-being of retirees. In Chicago, Illinois, this organization serves as a vital resource for employees transitioning into retirement, helping them navigate the complexities of medical care and ensuring they maintain a quality standard of health in their later years.




This information is meant to be a general summary of The Gulfstream Aerospace Corporation Retiree Benefits 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
$13,964,541 (2022)
Expenses
$4,714,849 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $11,611,299
  • Program Service Revenue: $2,361,421
  • Gross Receipts: $62,430,595

Assets and Liabilities:

  • Total Assets: $29,591,501
  • Total Liabilities: $0
  • Net Assets: $29,591,501

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Programs

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

PARTICIPANT CONTRIBUTIONS

Revenue

$2,361,421

Organization Details

Founding Year

2001

Principal Officer

Randall Miller

Main Address

C/O NORTHERN TRUST 50 S LASALLE ST, CHICAGO, IL, 60603

NTEE Category

Code: Y40 - Mutual benefit

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