Intel Corporation Short Term Disability Plan Trust

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

EIN: 942535992 ✦ Santa clara, CA ✦ Designated as a 501(c)(9)

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Overview

What is Intel Corporation Short Term Disability Plan Trust?

The Intel Corporation Short Term Disability Plan Trust is a trust established by Intel Corporation to provide short-term disability benefits for its employees. Based in Santa Clara, California, this trust was initiated on May 1, 1977, for Intel's employees in Oregon and on October 1, 1977, for employees in all other United States locations except California, New Jersey, New York, and Rhode Island. As of January 1, 1983, employees in these three additional states have the option to supplement their coverage under state-mandated plans with the Intel trust. The trust aims to offer a degree of financial security during short-term disabilities, ensuring employees receive income protection when they need it most.


Official website here: www.intel.com

Is Intel Corporation Short Term Disability Plan Trust legitimate?

Intel Corporation Short Term Disability Plan Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Intel Corporation Short Term Disability Plan 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


Official website here: www.intel.com

What is the mission statement of Intel Corporation Short Term Disability Plan Trust?

The Intel Corporation Short Term Disability Plan Trust offers income protection for employees during short-term disabilities. Established in 1977, the trust provides benefits for Intel employees in all United States locations, except for California, New Jersey, New York, and Rhode Island. As of 1983, employees in the last-mentioned states have the option to supplement coverage under state-mandated plans with the Intel trust. The primary objective of the trust is to ensure financial security for Intel employees facing temporary disabilities.


Official website here: www.intel.com

Who is the CEO of Intel Corporation Short Term Disability Plan Trust?

Sharon L Heck is the Company Trustee of Intel Corporation Short Term Disability Plan Trust.


Official website here: www.intel.com

What is the revenue of Intel Corporation Short Term Disability Plan Trust?

Intel Corporation Short Term Disability Plan Trust's revenue in 2020 was $22,029,560.


Official website here: www.intel.com

Who are the executives of Intel Corporation Short Term Disability Plan Trust and what are their salaries?


There is 1 key member and their salary:


State Street Bank And Trust (Company Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.intel.com

Where can I find the form 990 for Intel Corporation Short Term Disability Plan Trust?

Intel Corporation Short Term Disability Plan Trust's most recent form 990 was submitted in 2020 and can be accessed here.


Official website here: www.intel.com

Learn more at the official website: www.intel.com

Mission Statement of Intel Corporation Short Term Disability Plan Trust

The Intel Corporation Short Term Disability Plan Trust, a vital initiative established in 1977, offers income protection for employees during periods of short-term disabilities. This trust was initially designed to benefit Intel Corporation's employees in Oregon, and later expanded to include employees in other locations, excluding California, New Jersey, New York, and Rhode Island, on October 1, 1977. By January 1, 1983, employees in the aforementioned states were granted the opportunity to supplement coverage under state-mandated plans with the Intel Corporation Short Term Disability Plan Trust.

In essence, the Intel Corporation Short Term Disability Plan Trust serves as a safety net for Intel employees, providing them with financial assistance when they are unable to work due to illness or injury. By offering short-term disability benefits, this trust enables employees to focus on their recovery rather than worrying about their financial situation. The mission of the Intel Corporation Short Term Disability Plan Trust is to ensure a degree of financial stability for its beneficiaries during challenging times, thereby fostering peace of mind and enabling them to return to work once they have recovered.

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Impact




October, 2024

The Intel Corporation Short Term Disability Plan Trust provides essential income protection for employees experiencing short-term disabilities. Established on May 1, 1977, for employees in Oregon and later expanded to other U.S. locations, the Plan Trust serves as a critical resource for workers who may find themselves unable to perform their duties due to illness or injury.

This plan plays a significant role in enhancing employee well-being by ensuring they receive financial support during periods when they are unable to work. This alleviates some of the stress that can accompany a temporary loss of income, allowing employees to focus on recovery without the added burden of financial instability. The trust's impact is further augmented for employees in New Jersey, New York, and Rhode Island, where they can supplement their state-mandated coverage with the benefits offered by the Plan.

By providing these short-term disability benefits, the Intel Corporation Short Term Disability Plan Trust fosters a supportive work environment, demonstrating a commitment to employee welfare and contributing to overall job satisfaction and productivity.




This information is meant to be a general summary of Intel Corporation Short Term Disability Plan 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
$22,029,560 (2020)
Expenses
$46,661,337 (2020)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2020.

  • Investment Income: $79,938
  • Program Service Revenue: $21,949,622
  • Gross Receipts: $22,029,560

Assets and Liabilities:

  • Total Assets: $0
  • Total Liabilities: $0
  • Net Assets: $0

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Programs

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

EMPLOYER CONTRIBUTION

Revenue

$21,949,622

Organization Details

Founding Year

1977

Principal Officer

Sharon L Heck

Main Address

2200 MISSION COLLEGE BLVD RNB 5-1, SANTA CLARA, CA, 95054

NTEE Category

Code: Y40 - Mutual benefit

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