Uaw Retirees Of The Budd Company Health And Welfare Trust

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

EIN: 813021883 ✦ Washington, DC ✦ Designated as a 501(c)(9)

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Overview

What is Uaw Retirees Of The Budd Company Health And Welfare Trust?

Uaw Retirees Of The Budd Company Health And Welfare Trust is a nonprofit organization situated in Washington D.C., specifically at 1700 Pennsylvania Ave NW 1200. Its primary function is to offer health and welfare benefits to eligible participants and their dependents. The trust was established to help fund certain benefits provided to retired employees of The Budd Company, Inc., who ceased employment in the UAW-represented bargaining unit, as well as their surviving spouses, spouses, and dependents who may be entitled to such benefits through their relationship with these retirees. The trust's mission is to contribute financially towards the provision of these benefits for eligible individuals.

Is Uaw Retirees Of The Budd Company Health And Welfare Trust legitimate?

Uaw Retirees Of The Budd Company Health And Welfare Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Uaw Retirees Of The Budd Company Health And Welfare 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: $89,333
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of Uaw Retirees Of The Budd Company Health And Welfare Trust?

The Uaw Retirees Of The Budd Company Health And Welfare Trust was established with the purpose of providing health and welfare benefits. Its mission is to assist in funding certain benefits that are offered to eligible retired employees of The Budd Company, Inc., who ceased their employment within the UAW-represented bargaining unit. This trust also extends its benefits to surviving spouses, spouses, and dependents who may be entitled to such benefits through their relationship with the retirees. The primary objective of this trust is to help fund these benefits for eligible participants and their dependents.

Who is the CEO of Uaw Retirees Of The Budd Company Health And Welfare Trust?

Unavailable

What is the revenue of Uaw Retirees Of The Budd Company Health And Welfare Trust?

Uaw Retirees Of The Budd Company Health And Welfare Trust's revenue in 2022 was $9,757,077.

Who are the executives of Uaw Retirees Of The Budd Company Health And Welfare Trust and what are their salaries?

There 1 volunteer at Uaw Retirees Of The Budd Company Health And Welfare Trust.


Here are 6 key members and their salaries:


Suzanne Daniels Phd (Committee Member)
  • Compensation: $19,000
  • Related: $43,430
  • Other: $0
Gary Petroni (Chairperson)
  • Compensation: $23,000
  • Related: $36,360
  • Other: $0
Francine Parker (Committee Member)
  • Compensation: $19,000
  • Related: $36,360
  • Other: $0
Rick Isaacson (Committee Member)
  • Compensation: $19,000
  • Related: $36,360
  • Other: $0
Comerica (Institutional Trustee)
  • Compensation: $6,771
  • Related: $0
  • Other: $0
George Hardy (Committee Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Uaw Retirees Of The Budd Company Health And Welfare Trust?

Uaw Retirees Of The Budd Company Health And Welfare Trust's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Uaw Retirees Of The Budd Company Health And Welfare Trust

Uaw Retirees of The Budd Company Health and Welfare Trust, in essence, was established with a primary objective. Its mission is to aid in funding certain health and welfare benefits for eligible retired employees of The Budd Company, Inc., who ceased their employment within the UAW-represented bargaining unit. This extends to surviving spouses and dependents who may be entitled to such benefits through their relationship with these retirees. Essentially, the trust serves to augment the provision of various benefits for these individuals.

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Impact




October, 2024

The UAW Retirees of the Budd Company Health and Welfare Trust plays a crucial role in supporting the health and welfare of eligible retired employees of the Budd Company, along with their surviving spouses, spouses, and dependents. By providing essential benefits, the Trust helps to ensure that these individuals have access to necessary health care and support services. This assistance is vital for retirees who may be facing increased medical needs or financial challenges after leaving the workforce.

The Trust’s impact is particularly significant in enhancing the quality of life for retirees and their families, as it helps bridge the gap between pension benefits and healthcare costs. By funding various health and welfare benefits, the Trust alleviates financial burdens and fosters a sense of security among its beneficiaries. This support allows retirees to navigate their post-employment years with greater peace of mind, ensuring that they can maintain their health and well-being. Overall, the Trust not only benefits individuals but also contributes positively to the community by supporting the former workforce of the Budd Company.




This information is meant to be a general summary of Uaw Retirees Of The Budd Company Health And Welfare 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.

Revenue
$9,757,077 (2022)
Expenses
$23,852,764 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $5,667,234
  • Program Service Revenue: $4,089,843
  • Gross Receipts: $70,396,813

Assets and Liabilities:

  • Total Assets: $427,740,694
  • Total Liabilities: $201,112
  • Net Assets: $427,539,582

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

CMS SUBSIDIES

Revenue

$4,089,843

Organization Details

Founding Year

2016

Main Address

1701 PENNSYLVANIA AVE NW 1200, WASHINGTON, DC, 20006

NTEE Category

Code: Y43 - Mutual benefit

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