Overview
What is International Transmission Company Retireee Benefit Trust?
The International Transmission Company Retiree Benefit Trust is a nonprofit entity situated in Novi, Michigan. Its primary purpose is to pre-finance the future retirement healthcare and life insurance expenses for the employees of an international transmission company. The trust aims to provide financial security for its employees during their retirement years, ensuring they have access to necessary healthcare and insurance benefits. This proactive approach to retirement planning demonstrates the company's commitment to its workforce's well-being beyond their active employment.
Is International Transmission Company Retireee Benefit Trust legitimate?
International Transmission Company Retireee Benefit Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. International Transmission Company Retireee Benefit Trust 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 International Transmission Company Retireee Benefit Trust?
The International Transmission Company Retiree Benefit Trust was established with the mission to pre-fund retirement health care and life insurance expenses for the company's employees. This proactive approach aims to ensure financial security for the employees in their retirement years. The trust serves as a financial reserve, preparing for the future healthcare and insurance needs of the company's workforce. This initiative demonstrates the company's commitment to its employees' well-being beyond their active employment.
Who is the CEO of International Transmission Company Retireee Benefit Trust?
Amy Perlman is the Na of International Transmission Company Retireee Benefit Trust.
What is the revenue of International Transmission Company Retireee Benefit Trust?
International Transmission Company Retireee Benefit Trust's revenue in 2022 was $7,345,451.
Who are the executives of International Transmission Company Retireee Benefit Trust 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 International Transmission Company Retireee Benefit Trust?
International Transmission Company Retireee Benefit Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of International Transmission Company Retireee Benefit Trust
The International Transmission Company Retiree Benefit Trust was established with a mission to prefund the retirement health care and life insurance expenses for the company's employees. This organization was set up with the goal of ensuring that the company's employees have financial security in their post-employment years, covering their health care and insurance needs. By pre-funding these expenses, the Trust aims to alleviate any financial burden that may arise for the employees during their retirement, allowing them to focus on enjoying their golden years with peace of mind.
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Impact
October, 2024
The International Transmission Company Retiree Benefit Trust plays a crucial role in enhancing the financial security of its employees by pre-funding retirement healthcare and life insurance expenses. This proactive approach ensures that employees have access to essential benefits during their retirement, thereby improving their quality of life and providing peace of mind.
By establishing a dedicated trust, the organization demonstrates a commitment to the welfare of its workforce, which can foster a sense of loyalty and stability among employees. This financial preparedness not only benefits the retirees but can also positively impact the overall morale and productivity of current employees, knowing that their retirement health and life insurance needs are being thoughtfully managed.
Located in Novi, Michigan, the Trust's efforts contribute to a sustainable and supportive environment for retirees, reflecting an understanding of the long-term responsibilities associated with employee benefits. This initiative can establish a model for similar organizations aiming to prioritize the welfare of their workforce, ensuring that employees transition into retirement with sufficient support.
This information is meant to be a general summary of International Transmission Company Retireee Benefit Trust. 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: $1,162,309
- Program Service Revenue: $6,183,142
- Gross Receipts: $14,099,342
Assets and Liabilities:
- Total Assets: $97,519,450
- Total Liabilities: $0
- Net Assets: $97,519,450
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTIONS
Revenue
$5,891,858
RETIREE CONTRIBUTIONS
Revenue
$291,284
Organization Details
Founding Year
2003
Phone
(248) 946-3450Principal Officer
Amy Perlman
Main Address
27175 ENERGY WAY TAX DEPARTMENT, NOVI, MI, 48377
NTEE Category
Code: Y43 - Mutual benefit
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