Overview
What is American Airlines Inc Supplemental Medical Benefits Trust For Apfa?
American Airlines Inc Supplemental Medical Benefits Trust For Apfa is a charitable organization, specifically a trust, located at DFW Airport, Texas. Its primary function is to offer supplementary medical benefits to eligible participants. These benefits are primarily funded through employee contributions, either solely or in conjunction with investment asset earnings held by the trust. The trust was established to provide additional medical coverage for former employees of participating American Airlines Group subsidiaries, represented by certain collective bargaining associations.
Is American Airlines Inc Supplemental Medical Benefits Trust For Apfa legitimate?
American Airlines Inc Supplemental Medical Benefits Trust For Apfa is a legitimate nonprofit organization registered as a 501(c)(9) entity. American Airlines Inc Supplemental Medical Benefits Trust For Apfa 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: $757
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of American Airlines Inc Supplemental Medical Benefits Trust For Apfa?
The American Airlines Inc Supplemental Medical Benefits Trust for APFA has adopted and established a supplemental medical plan. This plan aims to provide supplemental medical coverage for former employees of participating American Airlines Group subsidiaries. The coverage is funded through employee contributions, either solely or in combination with earnings from the investment assets held by the trust. The primary objective of this trust is to ensure the payment of supplemental medical benefits to the plan participants. This plan is designed to support certain collective bargaining associations, often referred to as participating groups.
Who is the CEO of American Airlines Inc Supplemental Medical Benefits Trust For Apfa?
Lekresa Brown is the Principal Officer of American Airlines Inc Supplemental Medical Benefits Trust For Apfa.
What is the revenue of American Airlines Inc Supplemental Medical Benefits Trust For Apfa?
American Airlines Inc Supplemental Medical Benefits Trust For Apfa's revenue in 2022 was $552,381.
Who are the executives of American Airlines Inc Supplemental Medical Benefits Trust For Apfa and what are their salaries?
There is 1 key member and their salary:
- Compensation: $757
- Related: $0
- Other: $0
Where can I find the form 990 for American Airlines Inc Supplemental Medical Benefits Trust For Apfa?
American Airlines Inc Supplemental Medical Benefits Trust For Apfa's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of American Airlines Inc Supplemental Medical Benefits Trust For Apfa
The American Airlines Inc Supplemental Medical Benefits Trust for APFA, in essence, has been established with a mission to provide supplemental medical coverage for former employees who were once part of participating American Airlines Group subsidiaries. This mission is carried out through certain collective bargaining associations, referred to as "Participating Groups." To achieve this objective, the trust relies on contributions from the employees themselves, either solely or in conjunction with the earnings generated from the investment assets held by the trust. The primary purpose of this trust is to offer additional medical benefits to qualifying individuals, thereby extending a vital safety net for their health needs.
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Impact
October, 2024
The American Airlines Inc Supplemental Medical Benefits Trust for APFA plays a crucial role in enhancing the healthcare coverage of former employees associated with specific collective bargaining groups within American Airlines. By providing supplemental medical benefits, the Trust helps bridge the gap between basic health insurance and the actual healthcare costs that retirees may face.
The initiative is funded primarily through employee contributions, along with returns from its investment assets, ensuring a sustainable flow of resources to meet the healthcare needs of participants. This financial structure allows the Trust to offer vital assistance during challenging health situations, ultimately promoting better health outcomes and financial security for retirees.
Additionally, the Trust underscores the commitment of American Airlines to support its workforce even after retirement, fostering a culture of mutual benefit and solidarity among employees. By mitigating healthcare expenses, the Trust enables former employees to access necessary medical services without facing overwhelming financial burdens. This not only enhances the quality of life for retirees but also strengthens the overall employee-employer relationship within the organization.
This information is meant to be a general summary of American Airlines Inc Supplemental Medical Benefits Trust For Apfa. 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: $542,410
- Program Service Revenue: $9,971
- Gross Receipts: $952,369
Assets and Liabilities:
- Total Assets: $12,070,715
- Total Liabilities: $0
- Net Assets: $12,070,715
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYEE CONTRIBUTION-RETIREE PREMIUMS
Revenue
$9,971
Organization Details
Founding Year
2001
Phone
(682) 278-0383Principal Officer
Lekresa Brown
Main Address
PO BOX 619616 MAIL DROP 8A202, DFW Airport, TX, 75261
NTEE Category
Code: Y43 - Mutual benefit
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