Andersen Corporation Veba Ret Hlth Bn Trust

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 911845900 ✦ Bayport, MN ✦ Designated as a 501(c)(9)

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Overview

What is Andersen Corporation Veba Ret Hlth Bn Trust?

Andersen Corporation Veba Ret Hlth Bn Trust is a nonprofit organization based in Bayport, Minnesota. Its primary objective is to sponsor and fund various employee welfare benefit plans, providing healthcare benefits under these plans. The trust's mission is to ensure the well-being of its sponsor, Andersen Corporation's, employees, offering benefits that cater to their health care needs. This initiative aims to enhance the overall wellness and welfare of Andersen Corporation's workforce.

Is Andersen Corporation Veba Ret Hlth Bn Trust legitimate?

Andersen Corporation Veba Ret Hlth Bn Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Andersen Corporation Veba Ret Hlth Bn 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: $2,500
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

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What is the mission statement of Andersen Corporation Veba Ret Hlth Bn Trust?

The Andersen Corporation Veba Ret Hlth Bn Trust's mission is centered around funding and providing benefits under certain employee welfare benefit plans that Andersen Corporation sponsors. This mission is aimed at ensuring the well-being of its employees by providing healthcare benefits. The exempt purpose of the trust is specifically focused on providing health care benefits under these employee welfare benefit plans sponsored by Andersen Corporation. The trust serves to enhance the overall health and wellness of the employees, contributing to their overall quality of life.

Who is the CEO of Andersen Corporation Veba Ret Hlth Bn Trust?

Todd Corbo is the Trustee of Andersen Corporation Veba Ret Hlth Bn Trust.

What is the revenue of Andersen Corporation Veba Ret Hlth Bn Trust?

Andersen Corporation Veba Ret Hlth Bn Trust's revenue in 2022 was $4,908,980.

Who are the executives of Andersen Corporation Veba Ret Hlth Bn Trust and what are their salaries?


There is 1 key member and their salary:


Us Bank National Association (Trustee)
  • Compensation: $2,500
  • Related: $0
  • Other: $0
Where can I find the form 990 for Andersen Corporation Veba Ret Hlth Bn Trust?

Andersen Corporation Veba Ret Hlth Bn Trust's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Andersen Corporation Veba Ret Hlth Bn Trust

Andersen Corporation Veba Ret Hlth Bn Trust is committed to achieving its mission, which involves funding and providing benefits under certain employee welfare benefit plans that Andersen Corporation sponsors. This mission is centered around offering health care benefits under these specific employee welfare benefit plans, demonstrating its dedication to the well-being of Andersen Corporation's employees. The exempt purpose of the trust is directly tied to this mission, emphasizing its role in providing health care benefits under the employee welfare benefit plans sponsored by Andersen Corporation.

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Impact




October, 2024

Andersen Corporation Veba Ret Hlth Bn Trust plays a crucial role in providing and funding health care benefits for employees under specific welfare benefit plans sponsored by Andersen Corporation. This ensures that employees have access to essential health care services, contributing to their overall well-being and financial security. By offering these benefits, the VEBA enhances employee satisfaction and retention, fostering a supportive work environment. Its impact extends beyond immediate health care provisions, as it helps to create a more stable workforce, ultimately benefiting the corporation's productivity and performance. The trust's dedicated mission contributes significantly to the health and welfare of the employees it serves, reinforcing a culture of mutual benefit and care within the organization.




This information is meant to be a general summary of Andersen Corporation Veba Ret Hlth Bn 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.

Revenue
$4,908,980 (2022)
Expenses
$25,145,803 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $2,834,878
  • Program Service Revenue: $2,073,435
  • Gross Receipts: $4,908,980

Assets and Liabilities:

  • Total Assets: $159,746,469
  • Total Liabilities: $0
  • Net Assets: $159,746,469

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

EMPLOYEE CONTRIBUTIONS

Revenue

$2,073,435

Organization Details

Founding Year

1983

Principal Officer

Todd Corbo

Main Address

100 4TH AVE N MN126-01-J6A, BAYPORT, MN, 550031096

NTEE Category

Code: Y40 - Mutual benefit

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