American Airlines Inc Health Benefits Trust For Union Employees

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

EIN: 752377858 ✦ Dfw airport, TX ✦ Designated as a 501(c)(9)

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Overview

What is American Airlines Inc Health Benefits Trust For Union Employees?

American Airlines Inc Health Benefits Trust For Union Employees is a charitable entity, primarily located at DFW Airport, Texas. Its primary mission is to provide financial support for health and life benefits to its participants. This support is funded through employer contributions, employee contributions, or a combination of both, as well as earnings from the trust's investment assets. The trust has been established to offer health and life coverage for retired employees who are represented by certain collective bargaining associations.

Is American Airlines Inc Health Benefits Trust For Union Employees legitimate?

American Airlines Inc Health Benefits Trust For Union Employees is a legitimate nonprofit organization registered as a 501(c)(9) entity. American Airlines Inc Health Benefits Trust For Union Employees 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: $3,004
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of American Airlines Inc Health Benefits Trust For Union Employees?

The American Airlines Inc Health Benefits Trust for Union Employees has established a mission to provide health and life coverage for retired employees represented by certain collective bargaining associations. This is achieved through the American Airlines, Inc. Health and Life Plan. The benefits are funded through a combination of employer contributions, employee contributions, and earnings from the investment assets of the trust. The main objective of this trust is to ensure the payment of health and life benefits to the plan participants.

Who is the CEO of American Airlines Inc Health Benefits Trust For Union Employees?

Lekresa Brown is the Principal Officer of American Airlines Inc Health Benefits Trust For Union Employees.

What is the revenue of American Airlines Inc Health Benefits Trust For Union Employees?

American Airlines Inc Health Benefits Trust For Union Employees's revenue in 2022 was $6,494,787.

Who are the executives of American Airlines Inc Health Benefits Trust For Union Employees and what are their salaries?


There is 1 key member and their salary:


State Street Bank Trust Co (Trustee (See Schedule O))
  • Compensation: $3,004
  • Related: $0
  • Other: $0
Where can I find the form 990 for American Airlines Inc Health Benefits Trust For Union Employees?

American Airlines Inc Health Benefits Trust For Union Employees's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of American Airlines Inc Health Benefits Trust For Union Employees

The American Airlines Inc Health Benefits Trust for Union Employees is a dedicated entity that seeks to provide health and life coverage for retired employees who are represented by certain collective bargaining associations. This trust is established with a mission to ensure the payment of these benefits, which are primarily funded through employer contributions, employee contributions, or a combination of both, along with the earnings derived from the trust's investment assets. The primary objective of the American Airlines Inc Health Benefits Trust for Union Employees is to safeguard the health and well-being of its retired union employees by offering comprehensive health and life coverage plans.

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Impact




October, 2024

American Airlines Inc Health Benefits Trust For Union Employees plays a critical role in supporting the health and well-being of retired employees represented by specific collective bargaining associations. By providing payment for health and life benefits, the trust ensures that plan participants have access to essential medical care and a safety net in retirement. The trust is financed through employer contributions, employee contributions, and the earnings from the trust's investment assets, making it a sustainable solution that prioritizes the needs of retirees.

Located in DFW Airport, Texas, the trust's mission is centered on offering comprehensive health and life coverage, thereby enhancing the quality of life for retirees. The impact of this trust extends beyond financial assistance; it fosters a sense of security and community among former employees, affirming the commitment of American Airlines to support its workforce even after retirement. By fulfilling these obligations, the trust not only meets the immediate health needs of its beneficiaries but also reinforces trust and loyalty within the labor force.




This information is meant to be a general summary of American Airlines Inc Health Benefits Trust For Union Employees. 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
$6,494,787 (2022)
Expenses
$16,649,945 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $6,494,787
  • Gross Receipts: $24,622,241

Assets and Liabilities:

  • Total Assets: $124,457,606
  • Total Liabilities: $0
  • Net Assets: $124,457,606

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Organization Details

Founding Year

1990

Principal Officer

Lekresa Brown

Main Address

PO Box 619616 Mail Drop 8A202, DFW Airport, TX, 75261

NTEE Category

Code: Y40 - Mutual benefit

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