Overview
What is Genesco Employee Benefits Trust?
Genesco Employee Benefits Trust is a VEBA fund, a type of nonprofit organization, situated in Nashville, Tennessee. Its primary mission is to offer medical coverage for retirees enrolled in the relevant ERISA plan. This fund serves as a vital safety net for retired employees, ensuring they have access to necessary healthcare services. The trust, with its headquarters at 535 Marriott Drive, Nashville, TN 37214, plays a significant role in maintaining the well-being of its beneficiaries by providing medical coverage.
Is Genesco Employee Benefits Trust legitimate?
Genesco Employee Benefits Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Genesco Employee 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Genesco Employee Benefits Trust?
Genesco Employee Benefits Trust serves as a VEBA fund, with its primary mission being to provide medical coverage for retirees, as outlined in the applicable ERISA plan. This organization is committed to ensuring the health and wellbeing of its retirees post-employment by offering comprehensive medical coverage. The trust operates under the ERISA plan, ensuring that it adheres to specific regulations and guidelines to provide this benefit. The main objective of Genesco Employee Benefits Trust is to secure and maintain medical coverage for its retirees, ensuring they can access necessary healthcare services during their retirement years.
Who is the CEO of Genesco Employee Benefits Trust?
Cynthia Dempsey is the Trustee of Genesco Employee Benefits Trust.
What is the revenue of Genesco Employee Benefits Trust?
Genesco Employee Benefits Trust's revenue in 2022 was $871,809.
Who are the executives of Genesco Employee Benefits 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 Genesco Employee Benefits Trust?
Genesco Employee Benefits Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Genesco Employee Benefits Trust
Genesco Employee Benefits Trust is a VEBA fund, a type of trust specifically designed to provide medical coverage for its retirees, as per the applicable ERISA plan. This nonprofit organization is dedicated to ensuring the health and wellbeing of its retired employees by providing them with necessary medical coverage. By doing so, Genesco Employee Benefits Trust is demonstrating its commitment to the welfare of its former employees, who have contributed significantly to the organization throughout their careers. The fund operates under the ERISA plan, ensuring that the medical coverage provided adheres to specific regulations and standards.
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
Genesco Employee Benefits Trust plays a crucial role in providing medical coverage for retirees through its Voluntary Employees' Beneficiary Association (VEBA) fund. This initiative is designed under the applicable Employee Retirement Income Security Act (ERISA) plan, ensuring that retired employees have access to essential healthcare benefits. By facilitating this coverage, the trust not only supports the health and well-being of retirees but also enhances their financial stability during retirement. This mission fosters a mutual benefit for both the retirees and the organization, reflecting a commitment to workforce welfare and long-term employee loyalty. Based in Nashville, TN, the trust's efforts contribute significantly to the community by prioritizing the healthcare needs of its retired members, demonstrating a dedication to their ongoing health and quality of life.
This information is meant to be a general summary of Genesco Employee 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $82
- Program Service Revenue: $871,727
- Gross Receipts: $871,809
Assets and Liabilities:
- Total Assets: $36
- Total Liabilities: $0
- Net Assets: $36
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.
Participant Contribution
Revenue
$159,658
Employer Contribution
Revenue
$712,069
Organization Details
Founding Year
1977
Phone
(615) 367-7853Principal Officer
Cynthia Dempsey
Main Address
535 Marriott Drive, Nashville, TN, 37214
NTEE Category
Code: Y40 - Mutual benefit
If you are a representative of Genesco Employee Benefits Trust 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.