Overview
What is Acme Engineering Comprehensive Health Care Program Trust?
The Acme Engineering Comprehensive Health Care Program Trust is a voluntary employee benefit association, falling under I.R.C. Section 501(C)(9). Established in 1986, this trust is dedicated to providing medical and health benefits to eligible employees and their covered dependents of Acme Engineering & Manufacturing Corp. The benefits include dental, medical, hospital, surgical, transplant, and major medical coverage. In the event of employment termination, certain benefits are also extended through the Consolidated Omnibus Budget Reconciliation Act (COBRA). The plan assets are held in a Voluntary Employees' Beneficiary Association (VEBA) trust, subject to provisions of the Employee Retirement Security Act of 1974, as amended (ERISA).
Is Acme Engineering Comprehensive Health Care Program Trust legitimate?
Acme Engineering Comprehensive Health Care Program Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Acme Engineering Comprehensive Health Care Program 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 Acme Engineering Comprehensive Health Care Program Trust?
The Acme Engineering Comprehensive Health Care Program Trust, established in 1986, serves as a voluntary employee benefit association under I.R.C. Section 501(C)(9). Its primary function is to provide medical benefits for the employees of Acme Engineering & Manufacturing Corp. and their covered dependents. The trust operates under the Employee Retirement Security Act of 1974, as amended (ERISA), and certain assets are held in a Voluntary Employees' Beneficiary Association (VEBA) Trust. The mission of this trust is to ensure the payment of health and other benefits to eligible employees and their dependents, aiming to support their overall well-being.
Who is the CEO of Acme Engineering Comprehensive Health Care Program Trust?
Lee Buddrus is the Trustee of Acme Engineering Comprehensive Health Care Program Trust.
What is the revenue of Acme Engineering Comprehensive Health Care Program Trust?
Acme Engineering Comprehensive Health Care Program Trust's revenue in 2022 was $780,727.
Who are the executives of Acme Engineering Comprehensive Health Care Program Trust and what are their salaries?
Here are 2 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Acme Engineering Comprehensive Health Care Program Trust?
Acme Engineering Comprehensive Health Care Program Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Acme Engineering Comprehensive Health Care Program Trust
The Acme Engineering Comprehensive Health Care Program Trust, established in 1986, is a voluntary employee's beneficiary association under I.R.C. Section 501(C)(9). This organization's primary mission is to provide medical benefits for the employees of Acme Engineering & Manufacturing Corporation and their covered dependents. The plan and related trust, subject to the Employee Retirement Security Act of 1974, as amended (ERISA), aim to offer various health benefits to qualified employees and their families, ensuring their well-being and health security. Certain plan assets are held in a Voluntary Employees' Beneficiary Association (VEBA) trust, demonstrating the organization's commitment to financially supporting its beneficiaries' health needs.
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Impact
October, 2024
Acme Engineering Comprehensive Health Care Program Trust significantly enhances the well-being of its members, primarily the employees of Acme Engineering & Manufacturing Corp. By offering a comprehensive range of medical benefits including dental, hospital, surgical, and major medical coverage, the Trust ensures that employees receive essential health care services without excessive financial burden. Moreover, the inclusion of continuation benefits through COBRA allows members to maintain access to health care even after employment ends, promoting financial stability during transitions.
Established in 1986, this voluntary employee benefit association plays a crucial role in fostering a supportive work environment by prioritizing employees' health needs. It not only reduces the economic stress associated with medical expenses but also helps enhance overall job satisfaction and productivity. The Trust's commitment to providing health benefits signifies a strong investment in the workforce, ultimately benefiting both the employees and the organization as a whole by contributing to a healthier, more engaged workforce.
This information is meant to be a general summary of Acme Engineering Comprehensive Health Care Program 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.
- Program Service Revenue: $780,727
- Gross Receipts: $780,727
Assets and Liabilities:
- Total Assets: $51,950
- Total Liabilities: $0
- Net Assets: $51,950
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTIONS
Revenue
$538,086
EMPLOYEE CONTRIBUTIONS
Revenue
$242,641
Organization Details
Founding Year
1997
Phone
(918) 682-7791Principal Officer
Lee Buddrus
Main Address
PO BOX 978, MUSKOGEE, OK, 74402
NTEE Category
Code: Y40 - Mutual benefit
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