Overview
What is Kaspar Wire Works Inc Trust?
Kaspar Wire Works Inc Trust is a nonprofit entity, categorized under Section 501(C)9, located in Shiner, Texas. This organization operates as an employee benefit plan, providing sickness, accident, disability, and death benefits to a significant portion of its sponsor's workforce. Funding for these benefits comes from both employee and employer contributions. As a Group Benefit Plan (VEBA), Kaspar Wire Works Inc Trust adheres to the regulations set forth by the Internal Revenue Code Section 501(C)(9) and the Department of Labor. The main purpose of this trust is to ensure the wellbeing and financial security of its sponsor's employees in the event of various life challenges.
Is Kaspar Wire Works Inc Trust legitimate?
Kaspar Wire Works Inc Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Kaspar Wire Works Inc 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:
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Professional Fundraising Fees: $0
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What is the mission statement of Kaspar Wire Works Inc Trust?
The Kaspar Wire Works Inc Trust operates as a Group Benefit Plan under Section 501(C)(9) of the Internal Revenue Code and applicable DOL regulations. This plan provides sickness, accident, disability, and death benefits to a substantial majority of the company's employees. The benefits are funded through contributions from both employees and employers. The trust has been operating effectively since its inception.
Who is the CEO of Kaspar Wire Works Inc Trust?
Dan A Kaspar is the Trustee of Kaspar Wire Works Inc Trust.
What is the revenue of Kaspar Wire Works Inc Trust?
Kaspar Wire Works Inc Trust's revenue in 2022 was $1,816,368.
Who are the executives of Kaspar Wire Works Inc Trust and what are their salaries?
Here are 5 key members and their salaries:
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Where can I find the form 990 for Kaspar Wire Works Inc Trust?
Kaspar Wire Works Inc Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Kaspar Wire Works Inc Trust
Kaspar Wire Works Inc Trust is a group benefit plan, operating under Section 501(C)(9) of the Internal Revenue Code and applicable Department of Labor regulations. This nonprofit organization serves as a comprehensive employee benefit plan, offering sickness, accident, disability, and death benefits to a substantial majority of the sponsor's employees. The plan is funded through a combination of employee and employer contributions, ensuring its long-term sustainability and effectiveness. Since its inception, Kaspar Wire Works Inc Trust has been successful in providing financial support and security to its employees during challenging health situations, demonstrating its commitment to employee welfare.
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Impact
October, 2024
Kaspar Wire Works Inc Trust plays a significant role in the well-being of its community by providing essential employee benefits that support workers and their families during challenging times. By offering a group benefit plan under IRC Section 501(c)(9), it ensures that employees have access to crucial support for sickness, accident, disability, and death. This not only enhances the financial security of employees but also fosters a sense of stability and community within the workplace.
The trust operates effectively with contributions from both employees and employers, creating a sustainable model that emphasizes mutual benefit. By covering a substantial portion of the sponsor's employees, it promotes a healthier, more secure workforce, which can lead to increased productivity and morale. Overall, the Kaspar Wire Works Inc Trust has a positive impact on the lives of its employees and strengthens the community in Shiner, Texas.
This information is meant to be a general summary of Kaspar Wire Works Inc 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: $809
- Program Service Revenue: $1,815,559
- Gross Receipts: $1,816,368
Assets and Liabilities:
- Total Assets: $232,853
- Total Liabilities: $0
- Net Assets: $232,853
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONTRIBUTIONS
Revenue
$1,815,559
Organization Details
Founding Year
1985
Phone
(361) 594-3327Principal Officer
Dan A Kaspar
Main Address
PO BOX 667, SHINER, TX, 779840667
NTEE Category
Code: Y40 - Mutual benefit
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