Overview
What is Ormet Corporation Hourly Retiree Benefit Trust?
Ormet Corporation Hourly Retiree Benefit Trust is a voluntary employee beneficiary association, situated in Pittsburgh, Pennsylvania. With around 2,144 participants, this nonprofit organization is dedicated to providing health and welfare benefits. Its primary mission involves the payment of various benefits such as sickness, accident, or other related provisions to the participants, their dependents, or designated beneficiaries, as outlined in a voluntary employee beneficiary association. This association played a significant role in serving its members during the year, ensuring their well-being and providing necessary assistance.
Is Ormet Corporation Hourly Retiree Benefit Trust legitimate?
Ormet Corporation Hourly Retiree Benefit Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Ormet Corporation Hourly Retiree 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: $84,922
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Ormet Corporation Hourly Retiree Benefit Trust?
The Ormet Corporation Hourly Retiree Benefit Trust is primarily organized to provide certain welfare benefits as per a Voluntary Employee Beneficiary Association (VEBA). The primary objective of this VEBA during the year was to pay sick, accident, or other benefits to the participants, their dependents, or designated beneficiaries. This trust operates as a Voluntary Employee Beneficiary Association, providing health and welfare benefits to approximately 2,144 participants.
Who is the CEO of Ormet Corporation Hourly Retiree Benefit Trust?
Jeanette Stump is the Committee Member of Ormet Corporation Hourly Retiree Benefit Trust.
What is the revenue of Ormet Corporation Hourly Retiree Benefit Trust?
Ormet Corporation Hourly Retiree Benefit Trust's revenue in 2022 was $1,784,439.
Who are the executives of Ormet Corporation Hourly Retiree Benefit Trust and what are their salaries?
Here are 5 key members and their salaries:
- Compensation: $6,556
- Related: $0
- Other: $0
- Compensation: $6,556
- Related: $0
- Other: $0
- Compensation: $6,556
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $65,254
- Related: $0
- Other: $0
Where can I find the form 990 for Ormet Corporation Hourly Retiree Benefit Trust?
Ormet Corporation Hourly Retiree Benefit Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Ormet Corporation Hourly Retiree Benefit Trust
Ormet Corporation Hourly Retiree Benefit Trust is a Voluntary Employees' Beneficiary Association (VEBA) that serves approximately 2,144 participants. The primary objective and mission of this trust during the year was to provide sick, accident, or other welfare benefits to these participants, their dependents, or designated beneficiaries. This nonprofit organization's main purpose is to support its members in times of need, offering them financial assistance and aid. By fulfilling this mission, Ormet Corporation Hourly Retiree Benefit Trust plays a significant role in ensuring the well-being and security of its participants, providing them with the necessary benefits when they need it the most.
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Impact
October, 2024
The Ormet Corporation Hourly Retiree Benefit Trust plays a crucial role in providing health and welfare benefits to approximately 2,144 participants. By functioning as a Voluntary Employee Beneficiary Association (VEBA), it ensures that retirees have access to essential benefits that support their well-being and financial security. The Trust primarily focuses on the payment of sick, accident, and other welfare benefits, directly impacting the lives of retirees and their families.
This support not only enables participants to cope with health-related challenges but also alleviates financial burdens associated with medical expenses. The Trust's activities contribute to a sense of stability among retirees, promoting peace of mind during their retirement years. Through its mission, the Ormet Corporation Hourly Retiree Benefit Trust exemplifies a commitment to enhancing the quality of life for its members and reinforcing the importance of mutual support within communities.
This information is meant to be a general summary of Ormet Corporation Hourly Retiree 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: -$76,026
- Program Service Revenue: $1,858,406
- Gross Receipts: $17,341,012
Assets and Liabilities:
- Total Assets: $41,317,020
- Total Liabilities: $0
- Net Assets: $41,317,020
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RETIREE CONTRIBUTIONS
Revenue
$1,865,290
HEALTH COVERAGE TAX CREDIT
Revenue
-$6,884
Organization Details
Founding Year
2005
Phone
(412) 201-2242Principal Officer
Jeanette Stump
Main Address
60 BOULEVARD OF THE ALLIES 5TH, PITTSBURGH, PA, 15222
NTEE Category
Code: Y43 - Mutual benefit
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