Overview
What is Alcon Laboratories Inc Veba Trust I?
Alcon Laboratories Veba Trust I is a charitable trust established to support the healthcare needs of retired domestic employees from Novartis, situated in East Hanover, New Jersey. The trust's primary mission is to offer comprehensive medical, hospital, surgical, major medical, dental, and prescription benefits to its beneficiaries. By providing these essential healthcare services, Alcon Laboratories Veba Trust I aims to ensure the wellbeing and peace of mind of its retired employees.
Is Alcon Laboratories Inc Veba Trust I legitimate?
Alcon Laboratories Inc Veba Trust I is a legitimate nonprofit organization registered as a 501(c)(9) entity. Alcon Laboratories Inc Veba Trust I 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 Alcon Laboratories Inc Veba Trust I?
Alcon Laboratories Veba Trust I is a mission-driven entity that plays a vital role in providing medical benefits to its retired employees. Specifically, it offers coverage for medical, hospital, surgical, major medical, dental, and prescription needs. By doing so, the trust aims to ensure the well-being and health of its beneficiaries, providing them with essential healthcare services. This commitment to medical benefits underscores the trust's goal of supporting the health and well-being of its retired employees, enabling them to lead fulfilling lives post-retirement.
Who is the CEO of Alcon Laboratories Inc Veba Trust I?
Principal Trust Company is the Trustee of Alcon Laboratories Inc Veba Trust I.
What is the revenue of Alcon Laboratories Inc Veba Trust I?
Alcon Laboratories Inc Veba Trust I's revenue in 2022 was $216,679.
Who are the executives of Alcon Laboratories Inc Veba Trust I and what are their salaries?
There is 1 key member and their salary:
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Alcon Laboratories Inc Veba Trust I?
Alcon Laboratories Inc Veba Trust I's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Alcon Laboratories Inc Veba Trust I
Alcon Laboratories Veba Trust I, as a trust, is dedicated to providing essential medical benefits to its retired domestic employees. This nonprofit organization offers a comprehensive suite of services, encompassing medical, hospital, surgical, major medical, dental, and prescription benefits. By doing so, it aims to ensure the well-being and health of its retired employees, offering them the necessary support and care they require in their post-employment years. The trust's mission is to provide a safety net, alleviating the financial burden associated with healthcare costs for these retirees, thereby enabling them to lead healthy and fulfilled lives.
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Impact
October, 2024
Alcon Laboratories Inc Veba Trust I significantly impacts the retired domestic employees of Novartis in East Hanover, NJ, by ensuring their access to essential medical, hospital, surgical, major medical, dental, and prescription benefits. This comprehensive support enhances the quality of life for retirees, alleviating financial burdens associated with healthcare costs. By providing these benefits, the Trust plays a crucial role in maintaining the health and well-being of its members, allowing them to focus on enjoying their retirement without the stress of medical expenses. Additionally, the mutual benefit aspect fosters a sense of community and security among retirees, reinforcing their connection to the Novartis family.
This information is meant to be a general summary of Alcon Laboratories Inc Veba Trust I. 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: $21,145
- Program Service Revenue: $193,856
- Gross Receipts: $216,679
Assets and Liabilities:
- Total Assets: $60,752,578
- Total Liabilities: $0
- Net Assets: $60,752,578
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONTRIBUTIONS
Revenue
$193,856
Organization Details
Founding Year
1997
Phone
(862) 778-8300Principal Officer
Principal Trust Company
Main Address
ONE HEALTH PLAZA, EAST HANOVER, NJ, 07936
NTEE Category
Code: Y43 - Mutual benefit
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