Overview
What is Research Foundation Post-Retirement Benefits Plan?
The Research Foundation Post-Retirement Benefits Plan is a Voluntary Employee Benefit Association (VEBA) trust, based in Albany, New York. Established by the Research Foundation for the State University of New York, this nonprofit organization is dedicated to providing post-retirement benefits to eligible retirees. Through its activities, the trust manages an investment portfolio to ensure the funding of current and future healthcare and dental claims for retirees. It also receives and processes contributions from retirees and funding from the Research Foundation for the State University of New York. In essence, the Research Foundation Post-Retirement Benefits Plan serves as a safety net for eligible retirees, managing their post-retirement health and dental benefits.
Official website here: www.rfsuny.org
What are the reviews and ratings of this charity?
The Research Foundation Post-Retirement Benefits Plan is currently not rated by Charity Navigator due to its status outside the 501(c)(3) IRS registration. Ratings at Charity Navigator are based on several beacon scores, which this organization does not have due to its non-501(c)(3) status. This means the organization lacks an evaluation typically available for registered charities.
The absence of a Charity Navigator rating does not imply any judgement but rather indicates that certain data criteria for review have not been met. Historic ratings primarily reflected what is now considered an Accountability and Finance score, but this organization was never assessed under the current methodologies like Leadership, Culture, or Impact.
Since there are no user reviews available from GreatNonprofits, there's no public feedback to draw additional insights from. The organization's data, as known from IRS forms, show independent operation but provide no further public financial metrics or evaluations.
This AI summary has been generated from information found on Charity Navigator.
Is Research Foundation Post-Retirement Benefits Plan legitimate?
Research Foundation Post-Retirement Benefits Plan is a legitimate nonprofit organization registered as a 501(c)(9) entity. Research Foundation Post-Retirement Benefits Plan 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: $110,086
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.rfsuny.org
What is the mission statement of Research Foundation Post-Retirement Benefits Plan?
The Research Foundation Post-Retirement Benefits Plan is a Voluntary Employee Benefit Association trust, dedicated to providing post-retirement benefits for eligible participants. This includes the payment of healthcare and dental-related claims for retirees of the Research Foundation for the State University of New York. The trust also manages an investment portfolio to cover current and future claims, processes retiree contributions, and receives funding from the Research Foundation for the State University of New York. In summary, the mission of the Research Foundation Post-Retirement Benefits Plan is to ensure the wellbeing of eligible retirees by managing and providing essential health and dental benefits.
Official website here: www.rfsuny.org
Who is the CEO of Research Foundation Post-Retirement Benefits Plan?
Unavailable
Official website here: www.rfsuny.org
What is the revenue of Research Foundation Post-Retirement Benefits Plan?
Research Foundation Post-Retirement Benefits Plan's revenue in 2022 was $24,928,827.
Official website here: www.rfsuny.org
Who are the executives of Research Foundation Post-Retirement Benefits Plan and what are their salaries?
There is 1 key member and their salary:
- Compensation: $110,086
- Related: $0
- Other: $0
Official website here: www.rfsuny.org
Where can I find the form 990 for Research Foundation Post-Retirement Benefits Plan?
Research Foundation Post-Retirement Benefits Plan's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.rfsuny.org
Learn more at the official website: www.rfsuny.org
Mission Statement of Research Foundation Post-Retirement Benefits Plan
The Research Foundation Post-Retirement Benefits Plan is a voluntary employee benefit association trust, established to provide post-retirement benefits for eligible retirees of the Research Foundation for the State University of New York. In simple terms, this organization ensures the financial security of retired employees by managing funds for their healthcare and dental needs in their golden years.
The trust's primary objective is to pay for healthcare and dental claims of eligible retirees. It also manages an investment portfolio to cover the costs of current and future claims. In addition, the trust receives and processes contributions from the retirees, as well as funding from the Research Foundation for the State University of New York.
By accomplishing these activities, the Research Foundation Post-Retirement Benefits Plan offers a safety net for retired employees, allowing them to focus on enjoying their retirement without worrying about their healthcare expenses. The trust's mission is to secure the financial future of its beneficiaries by providing essential benefits that contribute to their overall well-being.
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Impact
October, 2024
The Research Foundation Post-Retirement Benefits Plan plays a critical role in supporting the well-being of retired employees through the provision of healthcare and dental benefits. This voluntary employee benefit association ensures that eligible retirees have access to necessary medical services, significantly alleviating financial burdens associated with healthcare costs in retirement.
By managing an investment portfolio dedicated to covering current and future healthcare claims, the plan provides a sense of security for retirees. This proactive approach not only addresses immediate healthcare needs but also sustains long-term financial health for the benefits offered. The plan's operations include the processing of contributions from retirees, further enabling a community of support and shared responsibility among participants.
Overall, the Research Foundation Post-Retirement Benefits Plan enhances the quality of life for its participants, allowing retirees to focus on their health and well-being without the ongoing stress of out-of-pocket medical expenses. This commitment to post-retirement benefits reflects a significant investment in the lives of those who have dedicated their careers to the Research Foundation for the State University of New York.
This information is meant to be a general summary of Research Foundation Post-Retirement Benefits Plan. 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: $17,313,543
- Program Service Revenue: $7,615,284
- Gross Receipts: $252,203,395
Assets and Liabilities:
- Total Assets: $292,932,224
- Total Liabilities: $292,932,224
- Net Assets: $0
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RESEARCH FOUNDATION EMPLOYER FUNDING
Revenue
$5,989,379
RESEARCH FOUNDATION PARTICIPANT CONTRIBU
Revenue
$1,625,905
Organization Details
Founding Year
2009
Phone
(518) 434-7050Main Address
PO Box 9, Albany, NY, 12201
Website
www.rfsuny.orgNTEE Category
Code: Y43 - Mutual benefit
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