Overview
What is Mcanany Van Cleave & Phillips Welfare Benefit Plan?
Mcanany Van Cleave & Phillips Welfare Benefit Plan is a trust established to support the healthcare and employee benefits of eligible employees and their dependents at Mcanany, Van Cleave & Phillips, PA (MVP). The trust is funded by both employer and employee contributions and is managed by a plan administrator under the direction of trustees. Its primary objective is to ensure the plan has sufficient assets to meet its obligations, allocating all expenses to this activity except for any applicable taxes or administrative fees. The trust's activities align with the exempt purpose of a VEBA trust under Section 501(c)(9) of the Internal Revenue Code, contributing to the well-being of MVP's workforce.
Is Mcanany Van Cleave & Phillips Welfare Benefit Plan legitimate?
Mcanany Van Cleave & Phillips Welfare Benefit Plan is a legitimate nonprofit organization registered as a 501(c)(9) entity. Mcanany Van Cleave & Phillips Welfare Benefit 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Mcanany Van Cleave & Phillips Welfare Benefit Plan?
The Mcanany Van Cleave & Phillips Welfare Benefit Plan is established with the primary objective of managing assets to fund health care and employee benefits for the employees of Mcanany, Van Cleave & Phillips, PA (MVP), and their eligible dependents. The plan administers these benefits under the guidance of trustees, with both employer and participating employee contributions funding the trust. The plan administrator has established a funding policy to ensure the plan has sufficient assets to meet its obligations. The activities of the trust, including covering the costs of health care and employee benefits, align with the exempt purpose of a VEBA trust under Section 501(c)(9) of the Internal Revenue Code, providing benefits to eligible employees of MVP and their dependents.
Who is the CEO of Mcanany Van Cleave & Phillips Welfare Benefit Plan?
Phillip Sanders is the Trustee of Mcanany Van Cleave & Phillips Welfare Benefit Plan.
What is the revenue of Mcanany Van Cleave & Phillips Welfare Benefit Plan?
Mcanany Van Cleave & Phillips Welfare Benefit Plan's revenue in 2022 was $3,903,871.
Who are the executives of Mcanany Van Cleave & Phillips Welfare Benefit Plan and what are their salaries?
Here are 3 key members and their salaries:
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Where can I find the form 990 for Mcanany Van Cleave & Phillips Welfare Benefit Plan?
Mcanany Van Cleave & Phillips Welfare Benefit Plan's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Mcanany Van Cleave & Phillips Welfare Benefit Plan
McAnany Van Cleave & Phillips Welfare Benefit Plan is established with a sole purpose. Its mission is to manage and utilize its assets to fund the healthcare and employee benefits for the employees of McAnany, Van Cleave & Phillips, PA (MVP) and their eligible dependents. The activities under this mission are carried out by the plan administrator, who operates under the direction of the trustees. These activities are primarily focused on meeting the obligations of the plan, ensuring that it has sufficient assets readily available. The Trust's expenses, except for any taxes or administrative fees, are allocated to this activity. This mission aligns with the exempt purpose of the VEBAs Trust under Section 501 (C)(9) of the Internal Revenue Code, as it provides benefits to the eligible employees of MVP and their dependent family members.
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Impact
October, 2024
The Mcanany Van Cleave & Phillips Welfare Benefit Plan plays a crucial role in ensuring the financial well-being and health security of employees and their eligible dependents by providing health care and other employee benefits. This trust is specially structured to hold and manage assets dedicated to funding these benefits, thereby creating a safety net for workers in times of need, such as medical emergencies or health-related issues.
The effective administration of the plan is guided by trustees and a plan administrator, ensuring transparency and accountability in the management of funds. Employer and participating employee contributions fuel the trust, allowing it to maintain sufficient liquidity to fulfill its obligations. By implementing a carefully designed funding policy, the trust prioritizes the availability of assets necessary to meet the health care and benefit costs, impacting employees positively by alleviating potential financial burdens associated with health care expenses.
In essence, the Welfare Benefit Plan supports the workforce of Mcanany, Van Cleave & Phillips by reinforcing their access to essential health care and enhancing their overall job satisfaction and security. It underscores the company's commitment to the welfare of its employees, fostering a supportive workplace culture that values employee health and well-being.
This information is meant to be a general summary of Mcanany Van Cleave & Phillips Welfare Benefit 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: $638
- Program Service Revenue: $108,566
- Gross Receipts: $3,903,871
Assets and Liabilities:
- Total Assets: $2,380,197
- Total Liabilities: $0
- Net Assets: $2,380,197
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PRESCRIPTION REBATES
Revenue
$108,566
Organization Details
Phone
(913) 371-3838Principal Officer
Phillip Sanders
Main Address
10 E CAMBRIDGE CIR DR SUITE 300, KANSAS CITY, KS, 66103
NTEE Category
Code: Y43 - Mutual benefit
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