Overview
What is Guadalupe Valley Telephone Coop Inc Employee Benefit Plan Trust?
Guadalupe Valley Telephone Coop Inc Employee Benefit Plan Trust is a nonprofit entity based in New Braunfels, Texas. Its primary mission is to provide medical benefits to retired employees of Guadalupe Valley Telephone Cooperative, Inc. (GVTC), ensuring their health care needs are met post-retirement. As of December 31, 2022, the trust was supporting 138 retired or separated participants by paying their medical benefits. The trust was established specifically for this purpose, aiming to provide medical care under GVTC's health care plan for its retired employees.
Is Guadalupe Valley Telephone Coop Inc Employee Benefit Plan Trust legitimate?
Guadalupe Valley Telephone Coop Inc Employee Benefit Plan Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Guadalupe Valley Telephone Coop Inc Employee Benefit Plan 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 Guadalupe Valley Telephone Coop Inc Employee Benefit Plan Trust?
The Guadalupe Valley Telephone Coop Inc Employee Benefit Plan Trust was established with a mission to provide medical benefits for retired employees under the health care plan of Guadalupe Valley Telephone Cooperative, Inc. (GVTC). This trust aims to ensure the wellbeing of retired employees by covering their medical expenses. In 2022, the trust paid benefits to and for 138 retired or separated participants. The trust continues to uphold this mission, providing essential medical coverage to those who have served GVTC in the past.
Who is the CEO of Guadalupe Valley Telephone Coop Inc Employee Benefit Plan Trust?
Mark Gitter is the Administrator of Guadalupe Valley Telephone Coop Inc Employee Benefit Plan Trust.
What is the revenue of Guadalupe Valley Telephone Coop Inc Employee Benefit Plan Trust?
Guadalupe Valley Telephone Coop Inc Employee Benefit Plan Trust's revenue in 2022 was $975,840.
Who are the executives of Guadalupe Valley Telephone Coop Inc Employee Benefit Plan Trust and what are their salaries?
There is 1 key member and their salary:
- Compensation: $0
- Related: $526,608
- Other: $352,793
Where can I find the form 990 for Guadalupe Valley Telephone Coop Inc Employee Benefit Plan Trust?
Guadalupe Valley Telephone Coop Inc Employee Benefit Plan Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Guadalupe Valley Telephone Coop Inc Employee Benefit Plan Trust
Guadalupe Valley Telephone Coop Inc Employee Benefit Plan Trust is a organization with a mission to ensure the medical benefits of retired employees under the health care plan of Guadalupe Valley Telephone Cooperative, Inc. (GVTC). Established with this purpose, the trust is dedicated to providing medical benefits to retired or separated participants of GVTC. As of December 31, 2022, the trust was supporting 138 such beneficiaries, continuing to fulfill its mission by providing medical benefits during the year. The trust's role is instrumental in maintaining the health and wellbeing of retired GVTC employees, offering them the medical care they need and deserve.
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Impact
October, 2024
Guadalupe Valley Telephone Coop Inc Employee Benefit Plan Trust plays a crucial role in supporting the health and well-being of retired employees by providing them with essential medical benefits. This trust ensures that retirees of Guadalupe Valley Telephone Cooperative, Inc. (GVTC) have access to healthcare coverage that can significantly affect their quality of life during retirement.
By delivering benefits specifically designed for those who have dedicated their careers to GVTC, the trust creates a safety net for 138 retired or separated participants, easing their financial burden associated with healthcare costs. This support not only affirms the cooperative's commitment to its workforce but also fosters a sense of security and appreciation among its retired employees.
Overall, the trust's impact is reflected in the improved health outcomes and peace of mind it offers to retirees, reinforcing their connection to the cooperative and contributing to a more positive community atmosphere in New Braunfels, Texas.
This information is meant to be a general summary of Guadalupe Valley Telephone Coop Inc Employee Benefit Plan 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: $387,192
- Program Service Revenue: $588,648
- Gross Receipts: $6,421,811
Assets and Liabilities:
- Total Assets: $8,894,830
- Total Liabilities: $0
- Net Assets: $8,894,830
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONTR-PLAN SPONSOR & PARTICIPANTS
Revenue
$588,648
Organization Details
Founding Year
1989
Phone
(830) 885-4411Principal Officer
Mark Gitter
Main Address
36101 FM 3159, NEW BRAUNFELS, TX, 781325900
NTEE Category
Code: Y40 - Mutual benefit
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