Overview
What is Retiree's Welfare Trust?
Retiree's Welfare Trust is a nonprofit organization located in Seattle, Washington, with the address 2323 Eastlake Ave E, ZIP code 98102. Their mission is to provide health benefits for retired employees who meet the eligibility rules in effect when they retire, as well as qualified members of their families. The Trust's primary activity involves offering health benefits to enhance the well-being of its retired participants.
What are the reviews and ratings of this charity?
Retiree's Welfare Trust is not currently rated by Charity Navigator, as it does not qualify for a rating being not a 501(c)(3) IRS registered nonprofit. This lack of a rating should not be seen as inherently positive or negative, but indicates limited available financial data and lacks evaluation in areas such as Impact & Measurement, Leadership & Adaptability, and Culture & Community.
Historically, any ratings would largely reflect an assessment of Accountability and Finance, though even these details are not currently available. The organization's status as an independent entity and data from the IRS Business Master File are noted, but broader insights into its operations are limited due to the absent ratings.
No user reviews are available from GreatNonprofits to provide direct community feedback or testimonials regarding Retiree's Welfare Trust's work and impact. Consequently, those interested are encouraged to seek more detailed information directly from the organization to better understand its mission and effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Retiree's Welfare Trust legitimate?
Retiree's Welfare Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Retiree's Welfare 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Retiree's Welfare Trust?
The Retiree's Welfare Trust is dedicated to extending health benefits to retired employees who meet the specified eligibility rules upon retirement. This organization prioritizes the welfare of retired individuals and their qualified family members by providing them with essential health coverage. The Trust's mission is crystal clear: to ensure that retired employees and their dependents continue to enjoy good health and wellbeing. By offering health benefits, the Trust aims to bring peace of mind to its beneficiaries and support them during their post-employment years. Additionally, the Trust's scope extends to the families of eligible retirees, further emphasizing its commitment to their overall well-being.
Who is the CEO of Retiree's Welfare Trust?
Joe Tessier is the Chairman of Retiree's Welfare Trust.
What is the revenue of Retiree's Welfare Trust?
Retiree's Welfare Trust's revenue in 2022 was $50,830,349.
Who are the executives of Retiree's Welfare Trust and what are their salaries?
There 2 volunteers at Retiree's Welfare Trust.
Here are 6 key members and their salaries:
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- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
- Related: $118,850
- Other: $58,000
- Compensation: $0
- Related: $135,177
- Other: $51,000
Where can I find the form 990 for Retiree's Welfare Trust?
Retiree's Welfare Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Retiree's Welfare Trust
The Retiree's Welfare Trust is a dedicated organization committed to providing health benefits for retired employees who meet the eligibility rules in effect when they retire, as well as qualified members of their families. In simpler terms, this trust aims to ensure the well-being of retired participants by offering them essential health services.
The Retiree's Welfare Trust's primary mission revolves around extending health benefits to retired employees who have fulfilled the necessary eligibility requirements upon retirement. These benefits extend to the spouses and dependents of these retirees, further emphasizing the organization's commitment to the health and welfare of entire families. Through its mission, the trust plays a vital role in enabling retired individuals to maintain their health and well-being, offering them peace of mind during their post-career years.
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Impact
October, 2024
Retiree's Welfare Trust significantly impacts the lives of retired employees and their families by providing essential health benefits that ensure their well-being after retirement. By adhering to eligibility rules established at the time of retirement, the Trust offers a safety net for retirees, allowing them to access healthcare resources that might otherwise be unaffordable or unavailable. This support extends not only to the retirees themselves but also to their spouses and dependents, fostering a sense of security and stability during a vulnerable stage of life.
Located in Seattle, WA, Retiree's Welfare Trust plays a vital role in promoting a healthier, more secure retirement for its participants. The provision of health benefits alleviates financial stress, enabling retirees to focus on enjoying their newfound freedom rather than worrying about medical costs. By prioritizing the well-being of retired employees and their families, the Trust contributes to a mutually beneficial community that values the contributions of its members throughout their careers.
This information is meant to be a general summary of Retiree's Welfare 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: $1,694,940
- Program Service Revenue: $49,135,409
- Gross Receipts: $100,638,768
Assets and Liabilities:
- Total Assets: $116,226,888
- Total Liabilities: $5,568,733
- Net Assets: $110,658,155
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTIONS
Revenue
$31,427,408
RETIREE SELF-PAYMENTS
Revenue
$17,708,001
Organization Details
Founding Year
1964
Phone
(206) 329-4900Principal Officer
Joe Tessier
Main Address
2323 EASTLAKE AVE E, SEATTLE, WA, 98102
NTEE Category
Code: Y40 - Mutual benefit
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