Martin Sprocket & Gear Inc Voluntary Employee Benefit Association Trust

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 751874992 ✦ Arlington, TX ✦ Designated as a 501(c)(9)

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Overview

What is Martin Sprocket & Gear Inc Voluntary Employee Benefit Association Trust?

The Martin Sprocket & Gear Inc Voluntary Employee Benefit Association Trust is a nonprofit organization based in Arlington, Texas. This fraternal beneficiary society and voluntary employees association grants life, sickness, and accident benefits to its employees. The trust serves as a safety net for its workforce by offering essential coverage and support during challenging times.

Is Martin Sprocket & Gear Inc Voluntary Employee Benefit Association Trust legitimate?

Martin Sprocket & Gear Inc Voluntary Employee Benefit Association Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Martin Sprocket & Gear Inc Voluntary Employee Benefit Association 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

For more financial information, click here

What is the mission statement of Martin Sprocket & Gear Inc Voluntary Employee Benefit Association Trust?

The Martin Sprocket & Gear Inc Voluntary Employee Benefit Association Trust serves as a fraternal beneficiary society and voluntary employees association. Its primary objective is to offer life, sickness, and accident benefits to the employees it serves. By providing these essential benefits, the Trust aims to support and protect the wellbeing of its members. The Trust acts as a safety net, offering financial assistance during challenging times related to health and accidents. This organization's mission is centered around the welfare and security of its employees.

Who is the CEO of Martin Sprocket & Gear Inc Voluntary Employee Benefit Association Trust?

Kim Reasoner is the Trustee of Martin Sprocket & Gear Inc Voluntary Employee Benefit Association Trust.

What is the revenue of Martin Sprocket & Gear Inc Voluntary Employee Benefit Association Trust?

Martin Sprocket & Gear Inc Voluntary Employee Benefit Association Trust's revenue in 2022 was $21,030,155.

Who are the executives of Martin Sprocket & Gear Inc Voluntary Employee Benefit Association Trust and what are their salaries?


Here are 4 key members and their salaries:


Joe R Martin Jr (Trustee)
  • Compensation: $0
  • Related: $3,409,563
  • Other: $15,193
Charles B Milliken (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kathy Hodges (Manager)
  • Compensation: $0
  • Related: $34,506
  • Other: $0
Kimberly Reasoner (Manager)
  • Compensation: $0
  • Related: $100,947
  • Other: $7,048
Where can I find the form 990 for Martin Sprocket & Gear Inc Voluntary Employee Benefit Association Trust?

Martin Sprocket & Gear Inc Voluntary Employee Benefit Association Trust's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Martin Sprocket & Gear Inc Voluntary Employee Benefit Association Trust

The Martin Sprocket & Gear Voluntary Employee Benefit Association Trust, a fraternal beneficiary society based in Texas, is dedicated to improving the lives of its employees by offering essential life, sickness, and accident benefits. This nonprofit organization goes beyond the conventional scope of a typical employees association, providing a safety net for its members during challenging times.

By offering these critical benefits, the Trust acts as a supportive community for its employees. In times of illness or accidents, members can rely on the Trust to provide financial assistance and alleviate some of the stress and hardships. This sense of security and care fosters a strong sense of loyalty and belonging among the members.

In essence, the Martin Sprocket & Gear Voluntary Employee Benefit Association Trust serves as a shield, protecting its employees from the financial burdens that come with unexpected life events. It is an organization that truly embodies the spirit of caring for one's own and working together for the greater good. Members of this Trust benefit from the peace of mind that comes with knowing they have a support system in place, dedicated to their wellbeing.

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Impact




October, 2024

The Martin Sprocket & Gear Inc Voluntary Employee Benefit Association Trust plays a crucial role in enhancing employee well-being by offering life, sickness, and accident benefits. Based in Arlington, TX, this organization focuses on improving employees' security by providing critical financial support during challenging times, such as illness or accidents.

By addressing healthcare costs and offering life insurance, the Trust fosters a safety net that allows employees to manage personal and family challenges more effectively. This support not only contributes to individual well-being but also enhances overall workplace morale and productivity, creating a more stable and committed workforce.

Additionally, the Trust cultivates a sense of community among employees, encouraging camaraderie and support within the organization. Its mission ultimately contributes to a positive work environment where employees can thrive, knowing they have access to vital resources during times of need.




This information is meant to be a general summary of Martin Sprocket & Gear Inc Voluntary Employee Benefit Association 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.

Revenue
$21,030,155 (2022)
Expenses
$21,394,798 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $5
  • Program Service Revenue: $21,030,150
  • Gross Receipts: $21,030,155

Assets and Liabilities:

  • Total Assets: $75,591
  • Total Liabilities: $0
  • Net Assets: $75,591

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

EMPLOYER

Revenue

$15,755,934

EMPLOYEE

Revenue

$5,274,216

Organization Details

Founding Year

1983

Principal Officer

Kim Reasoner

Main Address

PO BOX 91588, ARLINGTON, TX, 76015

NTEE Category

Code: Y40 - Mutual benefit

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