Overview
What is University Of California Livermore Retirees Health Insurance Trust?
The University of California Livermore Retirees Health Insurance Trust is a nonprofit organization based in Atlanta, Georgia. Established to manage funds deposited by the University of California, it distributes these funds to provide supplemental health insurance benefits for certain retirees of Livermore National Laboratory, their eligible spouses, and dependents. The Trust facilitates the payment of unreimbursed health expenses as per a settlement agreement from the Livermore Class Action Settlement Administration and Education Fund Inc. Retiree Health Reimbursement Arrangement.
Is University Of California Livermore Retirees Health Insurance Trust legitimate?
University Of California Livermore Retirees Health Insurance Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. University Of California Livermore Retirees Health Insurance 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: $334,421
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of University Of California Livermore Retirees Health Insurance Trust?
The University of California Livermore Retirees Health Insurance Trust is established to manage funds set aside by the University of California for the purpose of providing supplemental health insurance benefits to certain retirees of Livermore National Laboratory, their eligible spouses, and dependents. The trust holds and distributes these funds to cover unpaid health expenses for the benefit members of the eligible class, in accordance with the Livermore Class Action Settlement Administration and Education Fund Inc. Retiree Health Reimbursement Arrangement. The trust aims to ensure that eligible retirees have financial assistance to help meet their healthcare needs.
Who is the CEO of University Of California Livermore Retirees Health Insurance Trust?
David Williams is the Trustee of University Of California Livermore Retirees Health Insurance Trust.
What is the revenue of University Of California Livermore Retirees Health Insurance Trust?
University Of California Livermore Retirees Health Insurance Trust's revenue in 2022 was $15,295,225.
Who are the executives of University Of California Livermore Retirees Health Insurance Trust and what are their salaries?
There is 1 key member and their salary:
- Compensation: $334,421
- Related: $0
- Other: $0
Where can I find the form 990 for University Of California Livermore Retirees Health Insurance Trust?
University Of California Livermore Retirees Health Insurance Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of University Of California Livermore Retirees Health Insurance Trust
University of California Livermore Retirees Health Insurance Trust is a specialized organization established to manage funds used for covering unreimbursed health expenses for certain retirees of Livermore National Laboratory and their eligible spouses and dependents. The Trust's primary objective is to hold the funds deposited by the University of California and distribute these funds to provide supplemental health insurance benefits for the retirees mentioned above.
In simpler terms, the University of California Livermore Retirees Health Insurance Trust serves as a financial intermediary, ensuring that eligible retirees and their dependents receive additional health insurance coverage that is not fully covered by their primary insurance plans. This added benefit is crucial in helping these retirees manage their healthcare costs effectively. The Trust's activities are governed by a Settlement Agreement with the Livermore Class Action Settlement Administration and Education Fund Inc. Retiree Health Reimbursement Arrangement.
By providing essential financial support for healthcare expenses, the University of California Livermore Retirees Health Insurance Trust plays a significant role in enhancing the quality of life for the retirees who have devoted their careers to Livermore National Laboratory. This nonprofit organization is committed to fulfilling its mission by efficiently managing the funds and distributing them in accordance with the established guidelines, ensuring that the eligible beneficiaries receive the supplemental health insurance coverage they need.
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Impact
October, 2024
The University of California Livermore Retirees Health Insurance Trust plays a significant role in ensuring financial support for retirees of the Livermore National Laboratory and their eligible spouses and dependents. By holding funds specifically designated for health-related expenses, the Trust facilitates access to supplemental health insurance benefits for these individuals.
Through its funding activities, the Trust addresses unreimbursed health expenses that retirees may incur, thereby alleviating some of the financial burdens associated with healthcare costs during retirement. This provision is crucial, as it ensures that retirees can maintain a certain standard of health and well-being, recognizing their contributions to the laboratory and the broader community.
Moreover, the Trust's operation under a settlement agreement enhances the security and structure of retirees' health benefits, reinforcing the commitment to providing adequate support. This structured approach not only preserves the financial resources needed for healthcare but also fosters a sense of stability for retirees and their families, allowing them to focus on their health rather than worrying about the costs associated with it.
This information is meant to be a general summary of University Of California Livermore Retirees Health Insurance 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: $295,225
- Program Service Revenue: $15,000,000
- Gross Receipts: $36,031,383
Assets and Liabilities:
- Total Assets: $19,882,874
- Total Liabilities: $28,310
- Net Assets: $19,854,564
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTIONS
Revenue
$15,000,000
Organization Details
Founding Year
2020
Phone
(412) 201-2242Principal Officer
David Williams
Main Address
1100 ABERNATHY RD Suite 500, ATLANTA, GA, 30328
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