Overview
What is Sc Johnson & Son Inc Retiree Medical Benefits Trust?
The Sc Johnson & Son Inc Retiree Medical Benefits Trust is a nonprofit organization that holds and manages the assets related to the medical benefits plan for the retired employees of S.C. Johnson & Son, Inc. This trust provides financial resources for retirees' medical, hospitalization, and healthcare benefits. The mission of the trust is to ensure the wellbeing of retired employees by maintaining the necessary funds for their healthcare needs.
What are the reviews and ratings of this charity?
Sc Johnson & Son Inc Retiree Medical Benefits Trust is not currently rated by Charity Navigator. The nonprofit is not a 501(c)(3) IRS registered organization, which means it does not meet the criteria for evaluation under Charity Navigator's Accountability & Finance or Impact & Measurement methodologies.
The lack of a rating in this case does not offer a positive or negative assessment. The organization’s financial data and key person salaries have not been disclosed, which limits the availability of typical evaluation criteria such as revenue, expenses, or compensation data.
There are no user reviews available on GreatNonprofits for this organization, leaving an absence of community feedback or firsthand user experiences that would provide additional insight into the nonprofit's operations or public reception.
This AI summary has been generated from information found on Charity Navigator.
Is Sc Johnson & Son Inc Retiree Medical Benefits Trust legitimate?
Sc Johnson & Son Inc Retiree Medical Benefits Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Sc Johnson & Son Inc Retiree Medical 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 tax deductible.
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What is the mission statement of Sc Johnson & Son Inc Retiree Medical Benefits Trust?
The Sc Johnson & Son Inc Retiree Medical Benefits Trust is committed to maintaining the assets of the retiree medical benefit plan for S.C. Johnson & Son, Inc. This trust serves the important purpose of providing funds for retirees' medical, hospitalization, and healthcare benefits. By holding and managing the trust's assets effectively, it ensures the financial security and continuity of healthcare benefits for eligible retirees. The trust plays a crucial role in enhancing the quality of life for retired employees by addressing their healthcare needs.
Who is the CEO of Sc Johnson & Son Inc Retiree Medical Benefits Trust?
David Isaacson is the Chair of Sc Johnson & Son Inc Retiree Medical Benefits Trust.
What is the revenue of Sc Johnson & Son Inc Retiree Medical Benefits Trust?
Sc Johnson & Son Inc Retiree Medical Benefits Trust's revenue in 2022 was $15,315,883.
Who are the executives of Sc Johnson & Son Inc Retiree Medical Benefits Trust and what are their salaries?
Here are 6 key members and their salaries:
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Where can I find the form 990 for Sc Johnson & Son Inc Retiree Medical Benefits Trust?
Sc Johnson & Son Inc Retiree Medical Benefits Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Sc Johnson & Son Inc Retiree Medical Benefits Trust
Sc Johnson & Son Inc Retiree Medical Benefits Trust is a trust established with the primary objective of managing and holding the assets of the S.C. Johnson & Son, Inc. Retiree Medical Benefit Plan. In simpler terms, this trust serves as a vital financial institution, dedicated to maintaining and preserving the funds required to provide retiree medical, hospitalization, and health care benefits for the employees of S.C. Johnson & Son, Inc.
The mission of Sc Johnson & Son Inc Retiree Medical Benefits Trust is multifaceted. It focuses on ensuring the financial sustainability and growth of the trust, so as to continue serving the medical needs of its beneficiaries effectively and efficiently. By holding and managing the assets, the trust aims to generate income and maximize returns, ensuring that the benefits are not only maintained but also improved over time. The trust's commitment to these objectives is essential in providing peace of mind and financial security to the retirees of S.C. Johnson & Son, Inc.
Moreover, Sc Johnson & Son Inc Retiree Medical Benefits Trust plays a pivotal role in ensuring the financial stability of the retiree medical benefits plan. By managing and investing the funds, the trust helps to mitigate the financial risks associated with providing healthcare benefits to a large number of retirees. This stability is crucial in enabling S.C. Johnson & Son, Inc. to maintain its commitment to its employees, even in the face of changing economic conditions and rising healthcare costs. Overall, Sc Johnson & Son Inc Retiree Medical Benefits Trust is a critical component of the organization's broader employee benefits program, helping to secure the health and well-being of its retired workforce.
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Impact
October, 2024
Sc Johnson & Son Inc Retiree Medical Benefits Trust plays a crucial role in ensuring financial support for the healthcare needs of retirees. By holding the assets of the S.C. Johnson & Son, Inc. Retiree Medical Benefit Plan, it provides essential funding for medical, hospitalization, and health care benefits. This trust safeguards the resources necessary for retirees to access critical health services, contributing to their overall well-being and security during retirement. Located in Racine, Wisconsin, it has a significant impact on the lives of former employees by alleviating financial burdens associated with health care, thus promoting a healthier and more secure retirement experience for those who have devoted their careers to the company.
This information is meant to be a general summary of Sc Johnson & Son Inc Retiree Medical Benefits 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: $15,315,883
- Gross Receipts: $83,924,158
Assets and Liabilities:
- Total Assets: $288,226,435
- Total Liabilities: $29,351,668
- Net Assets: $258,874,767
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Organization Details
Founding Year
2006
Phone
(262) 260-2000Principal Officer
David Isaacson
Main Address
1525 HOWE STREET, RACINE, WI, 53403
NTEE Category
Code: Y43 - Mutual benefit
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