Overview
What is Clyde Companies Inc Welfare Benefits Trust?
Clyde Companies Inc Welfare Benefits Trust is a Voluntary Employees Benefit Association (VEBA) trust, established to provide health and welfare benefits for the employees of Clyde Companies Inc and its wholly-owned subsidiaries: W.W. Clyde & Co, Bridgesource, Geneva Rock Products Inc., GWC Capital, LLC, IHC Scott, Inc., Sunroc Corporation, Beehive Insurance Agency, Inc., and Sunpro Corporation. This trust serves the employees of these companies by offering them essential benefits, acting as a safety net for their well-being.
Is Clyde Companies Inc Welfare Benefits Trust legitimate?
Clyde Companies Inc Welfare Benefits Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Clyde Companies Inc Welfare Benefits 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 not tax deductible.
Here 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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Mission Statement of Clyde Companies Inc Welfare Benefits Trust
Clyde Companies Inc Welfare Benefits Trust, also known as the VEBA Trust, is a Voluntary Employees Benefit Association established to provide health and welfare benefits for the employees of Clyde Companies, Inc. and its wholly-owned subsidiaries: W.W. Clyde & Co, Bridgsource, Geneva Rock Products Inc., GWC Capital, LLC, IHC Scott, Inc., Sunroc Corporation, Beehive Insurance Agency, Inc., and Sunpro Corporation.
This trust serves as a safety net for the workforce of these companies, ensuring they have access to essential benefits. By pooling resources, the Trust is able to offer comprehensive and cost-effective benefit plans that may not be feasible for individual organizations to provide on their own. The Trust's mission is to enhance the overall well-being of the employees by offering a range of benefit programs.
The benefits provided by Clyde Companies Inc Welfare Benefits Trust extend beyond the typical healthcare coverage. The Trust's offerings encompass various aspects of employees' well-being, including both physical and mental health. The Trust's commitment to the workers' wellbeing not only helps to attract and retain top talent but also contributes to a more productive and engaged workforce. The Trust's dedication to the employees' welfare goes a long way in fostering a strong and cohesive work environment.
Impact
This information is meant to be a general summary of Clyde Companies Inc Welfare Benefits Trust. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Clyde Companies Inc Welfare Benefits Trust's impact is significant in providing health and welfare benefits for the employees of Clyde Companies, Inc. and its subsidiaries. This voluntary employees benefit association (VEBA) trust plays a crucial role in ensuring the well-being of the workforce within the organization, contributing to employee satisfaction, retention, and overall morale. By offering these benefits, the trust supports the financial security and quality of life of employees and their families, demonstrating a commitment to their welfare and creating a positive work environment.
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.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INSURANCE PREMIUMS CHARGED
Revenue
$41,209,018
Organization Details
Founding Year
2018
Phone
(801) 802-6975
Principal Officer
Jeremy Hafen
Main Address
730 NORTH 1500 WEST, OREM, UT, 84057
NTEE Category
Code: Y40 - Mutual benefit
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