Overview
What is Alco Management Inc Veba Trust?
Alco Management Inc Veba Trust is a nonprofit organization situated in Memphis, Tennessee, specifically at 35 Union Avenue Suite 200. Their primary mission is to offer eligible employees essential health benefits, including hospital, medical, mental health, prescription drugs, and surgical care. They manage funds within the trust to ensure these benefits are provided effectively.
Is Alco Management Inc Veba Trust legitimate?
Alco Management Inc Veba Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Alco Management Inc Veba 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 Alco Management Inc Veba Trust?
Alco Management Inc Veba Trust is established as a Voluntary Employee Beneficiary Associate Trust, with the primary mission of providing eligible employees with essential health benefits. These benefits include hospital care, medical services, mental health support, prescription drugs, and surgical procedures. The trust also manages the funds associated with these benefits, ensuring their proper allocation and utilization for the benefit of the employees. This trust aims to enhance the well-being of its employees by providing them with necessary healthcare support.
Who is the CEO of Alco Management Inc Veba Trust?
Nancy E Russell is the Trustee of Alco Management Inc Veba Trust.
What is the revenue of Alco Management Inc Veba Trust?
Alco Management Inc Veba Trust's revenue in 2022 was $1,804,381.
Who are the executives of Alco Management Inc Veba Trust and what are their salaries?
Here are 2 key members and their salaries:
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- Related: $0
- Other: $0
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Where can I find the form 990 for Alco Management Inc Veba Trust?
Alco Management Inc Veba Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Alco Management Inc Veba Trust
Alco Management Inc Veba Trust, as a Voluntary Employee Beneficiary Associated Trust, is committed to providing eligible employees with essential health benefits. This nonprofit organization manages funds meticulously to ensure that employees have access to a variety of healthcare services, including hospital care, medical treatment, mental health support, prescription drugs, and surgical procedures. By overseeing these financial resources, Alco Management Inc Veba Trust plays a vital role in enhancing the well-being of its employees by offering them critical health benefits.
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Impact
October, 2024
Alco Management Inc Veba Trust significantly impacts the well-being of its employees by providing essential health benefits, including hospital, medical, mental health, prescription drugs, and surgical care. By ensuring access to these services, the trust enhances employee health outcomes, promotes well-being, and contributes to a more productive workforce. The management of the trust's funds is crucial, as it enables the sustainability and reliability of these benefits for eligible employees. This support fosters a sense of security among staff, leading to higher job satisfaction and retention rates, ultimately benefiting the organization’s overall performance. Moreover, by addressing various health needs, the trust plays a vital role in alleviating financial burdens associated with healthcare, thus supporting employees' personal and family well-being.
This information is meant to be a general summary of Alco Management Inc Veba 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: $3,088
- Program Service Revenue: $1,801,293
- Gross Receipts: $1,804,381
Assets and Liabilities:
- Total Assets: $224,384
- Total Liabilities: $24,162
- Net Assets: $200,222
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTIONS
Revenue
$1,342,692
EMPLOYEE CONTRIBUTIONS
Revenue
$458,601
Organization Details
Founding Year
2000
Phone
(901) 544-1705Principal Officer
Nancy E Russell
Main Address
35 UNION AVENUE SUITE 200, MEMPHIS, TN, 38103
NTEE Category
Code: Y430 - Mutual benefit
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