Overview
What is International Paper Company Salaried Retiree Med Svgs Prog Trst?
International Paper Company Salaried Retiree Med Svgs Prog Trst is a nonprofit organization specifically established to aid eligible active employees of International Paper Company in preparing for their future retirement medical expenses. Located in Memphis, Tennessee, this program allows participants to save funds during their active employment, which can then be reimbursed after retirement to cover post-retirement medical costs. The primary objective of this organization is to assist its participants in managing their expenses related to medical care in their retirement years. The program serves as a financial vehicle to support the medical needs of International Paper Company's salaried retirees.
Is International Paper Company Salaried Retiree Med Svgs Prog Trst legitimate?
International Paper Company Salaried Retiree Med Svgs Prog Trst is a legitimate nonprofit organization registered as a 501(c)(9) entity. International Paper Company Salaried Retiree Med Svgs Prog Trst 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 International Paper Company Salaried Retiree Med Svgs Prog Trst?
The International Paper Company Salaried Retiree Med Svgs Prog Trst's primary objective is to provide a saving mechanism for eligible active employees of International Paper Company, enabling them to cover future retirement medical expenses. Upon retirement, these employees can then seek reimbursement from the trust for these expenses. The purpose of this activity is to assist participants in managing the costs associated with post-retirement medical care.
Who is the CEO of International Paper Company Salaried Retiree Med Svgs Prog Trst?
Carol W Tusch is the Plan Financial Officer of International Paper Company Salaried Retiree Med Svgs Prog Trst.
What is the revenue of International Paper Company Salaried Retiree Med Svgs Prog Trst?
International Paper Company Salaried Retiree Med Svgs Prog Trst's revenue in 2022 was $5,307,285.
Who are the executives of International Paper Company Salaried Retiree Med Svgs Prog Trst and what are their salaries?
There are 220 employees at International Paper Company Salaried Retiree Med Svgs Prog Trst.
Here are 3 key members and their salaries:
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Where can I find the form 990 for International Paper Company Salaried Retiree Med Svgs Prog Trst?
International Paper Company Salaried Retiree Med Svgs Prog Trst's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of International Paper Company Salaried Retiree Med Svgs Prog Trst
The International Paper Company Salaried Retiree Med Svgs Prog Trst is dedicated to providing a platform for eligible active employees of International Paper Company to save funds for potential future medical expenses related to their retirement. The primary objective of this program is to assist participants in meeting these post-retirement medical care expenses by offering reimbursement from the trust once they retire. This initiative aims to alleviate the financial burden associated with retirement-related medical expenses, thereby providing a safety net for those who have worked diligently for International Paper Company.
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Impact
October, 2024
The International Paper Company Salaried Retiree Medical Savings Program Trust is designed to support eligible active employees by offering a structured way to save for future medical expenses incurred post-retirement. By allowing these employees to accumulate funds specifically for medical costs, the trust provides a critical financial resource that ensures participants can manage and cover their healthcare expenses once they retire.
This program's impact extends beyond individual financial assistance; it also promotes financial security and peace of mind for employees approaching retirement. By facilitating savings for future medical needs, the trust helps alleviate the potential burden of unexpected healthcare costs, thereby enhancing the overall well-being of retirees. As a result, participants are better prepared to focus on their health and well-being during retirement, knowing they have resources available to address medical expenses.
This information is meant to be a general summary of International Paper Company Salaried Retiree Med Svgs Prog Trst. 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: $1,411,063
- Program Service Revenue: $3,896,222
- Gross Receipts: $5,307,285
Assets and Liabilities:
- Total Assets: $67,526,865
- Total Liabilities: $0
- Net Assets: $67,526,865
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYEE CONTRIBUTIONS
Revenue
$3,896,222
Organization Details
Founding Year
1992
Phone
(901) 419-9000Principal Officer
Carol W Tusch
Main Address
6400 POPLAR AVENUE, MEMPHIS, TN, 38197
NTEE Category
Code: Y40 - Mutual benefit
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