Wcribma - Veba

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

EIN: 756752444 ✦ Boston, MA ✦ Designated as a 501(c)(9)

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Overview

What is Wcribma - Veba?

Wcribma - Veba is a nonprofit organization, specifically a Voluntary Employees' Beneficiary Association (VEBA), located in Boston, Massachusetts. This association is funded to provide medical benefits to its members. The organization receives contributions from both the employer and covered individuals, which it holds in trust to meet its obligation of providing medical coverage. The trust account for Wcribma - Veba was established on December 31, 2004, by its related tax-exempt organization, the Workers' Compensation Rating and Inspection Bureau of Massachusetts (WCRIBMA).

Is Wcribma - Veba legitimate?

Wcribma - Veba is a legitimate nonprofit organization registered as a 501(c)(9) entity. Wcribma - Veba 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 Wcribma - Veba?

Wcribma - Veba, as a Voluntary Employees' Beneficiary Association, receives and holds funds contributed by employers or covered individuals to provide medical benefits. According to Internal Revenue Code Section 501(C)(9), the organization's primary objective is to fulfill its obligation to provide medical benefits using these funds. On December 31, 2004, the trust account for Wcribma - Veba was established by its related tax-exempt organization, the Workers' Compensation Rating and Inspection Bureau of Massachusetts (WCRIBMA). The organization's primary function is to manage these funds and utilize them to meet the medical benefit needs of its members.

Who is the CEO of Wcribma - Veba?

Daniel Judson is the Director of Wcribma - Veba.

What is the revenue of Wcribma - Veba?

Wcribma - Veba's revenue in 2022 was $157,811.

Who are the executives of Wcribma - Veba and what are their salaries?

There 12 volunteers at Wcribma - Veba.


Here are 15 key members and their salaries:


Acadia Insurance Company (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Aim Mutual Insurance Company (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Arbella Insurance Company (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Associated Industries Of Ma (Aim) (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Atlantic Charter Insurance Company (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Hanover Insurance Company (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Hartford (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Liberty Mutual Insurance Company (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ma Aflcio (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Maia (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
National Union Fire Ins Co Of Pitts (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Travelers Indemnity Company (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Daniel R Judson (Trustee)
  • Compensation: $0
  • Related: $439,182
  • Other: $71,324
Daniel M Crowley (Trustee)
  • Compensation: $0
  • Related: $236,868
  • Other: $110,822
Eric Wildman (Trustee)
  • Compensation: $0
  • Related: $221,195
  • Other: $79,061
Where can I find the form 990 for Wcribma - Veba?

Wcribma - Veba's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Wcribma - Veba

Wcribma-Veba, as a Voluntary Employees' Beneficiary Association, holds in trust funds contributed by employers or covered individuals to provide medical benefits. The organization is described under IRC Section 501(c)(9), which permits it to receive and manage funds for the purpose of fulfilling its obligation to offer medical benefits. Established on December 31, 2004, by its related tax-exempt organization, the Workers' Compensation Rating and Inspection Bureau of Massachusetts (WCRIBMA), Wcribma-Veba's mission is centered around managing and distributing funds for the provision of medical benefits to its members.

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Impact




October, 2024

Wcribma - Veba plays a significant role in providing medical benefits to its members by functioning as a Voluntary Employees' Beneficiary Association. By holding contributions from employers and covered individuals in trust, it ensures that funds are effectively allocated to support healthcare needs. This structure allows for a collaborative approach to healthcare financing, providing a safety net for employees and their families.

Based in Boston, Massachusetts, Wcribma - Veba helps alleviate the financial burdens of medical expenses, fostering a sense of security among its beneficiaries. Through this initiative, it enhances workplace satisfaction and stability, ultimately contributing to a healthier workforce. The association's commitment to maintaining and distributing these funds underscores its impact on the community, ensuring that members have access to necessary medical care when they need it most.




This information is meant to be a general summary of Wcribma - Veba. 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
$157,811 (2022)
Expenses
$178,749 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $157,811
  • Gross Receipts: $157,811

Assets and Liabilities:

  • Total Assets: $6,827,463
  • Total Liabilities: $0
  • Net Assets: $6,827,463

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Organization Details

Founding Year

2004

Principal Officer

Daniel Judson

Main Address

101 ARCH STREET 5TH FLOOR, BOSTON, MA, 02110

NTEE Category

Code: Y43 - Mutual benefit

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