Overview
What is American Airlines Inc Supplemental Medical Benefits Trust(Post-Tax)?
American Airlines Inc Supplemental Medical Benefits Trust(Post-Tax) is a funding mechanism established by American Airlines and related companies. Based in DFW Airport, Texas, this supplemental medical plan provides additional health benefits to employees of participating subsidiaries who have exhausted their primary medical coverage. The benefits are funded through employee contributions and the earnings of the investment assets within the trust. The primary purpose of this trust is to support the payment of necessary medical expenses for its participants, contributing to their overall well-being.
Is American Airlines Inc Supplemental Medical Benefits Trust(Post-Tax) legitimate?
American Airlines Inc Supplemental Medical Benefits Trust(Post-Tax) is a legitimate nonprofit organization registered as a 501(c)(9) entity. American Airlines Inc Supplemental Medical Benefits Trust(Post-Tax) 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: $1,489
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(Post-Tax)?
The American Airlines Inc Supplemental Medical Benefits Trust(Post-Tax) is established with the mission to provide financial assistance for medical expenses. This trust is maintained for employees and certain former employees of participating American Airlines Group subsidiaries. The primary function of this trust is to pay for medical benefits when an individual has exhausted their other sponsored medical benefits. The funding for these benefits comes from employee contributions, either solely or in combination with earnings from the investment assets of the trust.
Who is the CEO of American Airlines Inc Supplemental Medical Benefits Trust(Post-Tax)?
Lekresha Brown is the Principal Officer of American Airlines Inc Supplemental Medical Benefits Trust(Post-Tax).
What is the revenue of American Airlines Inc Supplemental Medical Benefits Trust(Post-Tax)?
American Airlines Inc Supplemental Medical Benefits Trust(Post-Tax)'s revenue in 2022 was $3,371,287.
Who are the executives of American Airlines Inc Supplemental Medical Benefits Trust(Post-Tax) and what are their salaries?
There is 1 key member and their salary:
- Compensation: $1,489
- Related: $0
- Other: $0
Where can I find the form 990 for American Airlines Inc Supplemental Medical Benefits Trust(Post-Tax)?
American Airlines Inc Supplemental Medical Benefits Trust(Post-Tax)'s most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of American Airlines Inc Supplemental Medical Benefits Trust(Post-Tax)
American Airlines Inc Supplemental Medical Benefits Trust(Post-Tax) is an organization dedicated to providing financial support for medical expenses for its participating employees and certain former employees. The trust, maintained by American Airlines Group subsidiaries, operates on the principle of employee contributions, either solely or in conjunction with the earnings of its investment assets. This supplemental medical plan serves a crucial role, offering benefits to participants who have exhausted their other sponsored medical benefits. By doing so, it bridges the gap in healthcare coverage, providing a safety net for individuals in need of medical care.
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Impact
October, 2024
The American Airlines Inc Supplemental Medical Benefits Trust (Post-Tax) plays a crucial role in providing financial support for healthcare expenses to eligible participants who have exhausted their primary medical benefits. This supplementary plan specifically targets employees and certain former employees of American Airlines Group subsidiaries, ensuring that they have access to necessary medical care even when other coverage is no longer available.
By being funded through employee contributions, potentially combined with investment earnings, the trust underscores a shared responsibility among participants to secure their health and well-being. This arrangement not only alleviates the financial burden on individuals facing high medical costs but also reinforces the commitment to employee welfare within the American Airlines Group. Overall, the trust enhances the health security of its participants, contributing positively to their quality of life.
This information is meant to be a general summary of American Airlines Inc Supplemental Medical Benefits Trust(Post-Tax). 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: $3,312,372
- Program Service Revenue: $58,915
- Gross Receipts: $3,882,763
Assets and Liabilities:
- Total Assets: $73,917,260
- Total Liabilities: $0
- Net Assets: $73,917,260
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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
$58,915
Organization Details
Founding Year
1990
Phone
(682) 278-0383Principal Officer
Lekresha Brown
Main Address
PO Box 619616 Mail Drop 8A202, DFW Airport, TX, 75261
NTEE Category
Code: Y40 - Mutual benefit
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