Transamerica Corporation Disability Trust Agreement

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

EIN: 942760230 ✦ Cedar rapids, IA ✦ Designated as a 501(c)(9)

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Overview

What is Transamerica Corporation Disability Trust Agreement?

Transamerica Corporation Disability Trust Agreement is a 501(c)(9) trust, located in Cedar Rapids, Iowa, serving as a welfare benefit plan. Its primary mission is to provide short-term disability payments to eligible participants, ensuring financial support during temporary incapacitation. The trust covers administrative costs and expenses associated with these benefits, ensuring the plan's smooth and effective operation. The trust functions as a safety net for those who require temporary financial assistance due to disability, offering a vital service to its participants.


Official website here: www.not applicable

Is Transamerica Corporation Disability Trust Agreement legitimate?

Transamerica Corporation Disability Trust Agreement is a legitimate nonprofit organization registered as a 501(c)(9) entity. Transamerica Corporation Disability Trust Agreement 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.not applicable

What is the mission statement of Transamerica Corporation Disability Trust Agreement?

The Transamerica Corporation Disability Trust Agreement is a 501(C)(9) trust, serving as a welfare benefit plan. Its primary mission is to provide short-term disability payments to eligible participants. The organization's activities are centered around covering the expenses associated with these payments and managing administrative costs. It serves as a safety net for individuals who face temporary disability, offering financial support during their recovery period.


Official website here: www.not applicable

Who is the CEO of Transamerica Corporation Disability Trust Agreement?

Scott Albertson is the Trustee of Transamerica Corporation Disability Trust Agreement.


Official website here: www.not applicable

What is the revenue of Transamerica Corporation Disability Trust Agreement?

Transamerica Corporation Disability Trust Agreement's revenue in 2022 was -$20,936.


Official website here: www.not applicable

Who are the executives of Transamerica Corporation Disability Trust Agreement and what are their salaries?


Here are 2 key members and their salaries:


Principal Bank Trustee (Trustee)
  • Compensation: $9,298
  • Related: $0
  • Other: $0
Scott Albertson (Chief Tax Of)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.not applicable

Where can I find the form 990 for Transamerica Corporation Disability Trust Agreement?

Transamerica Corporation Disability Trust Agreement's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.not applicable

Learn more at the official website: www.not applicable

Mission Statement of Transamerica Corporation Disability Trust Agreement

Transamerica Corporation Disability Trust Agreement, as a 501(C)(9) trust, serves a unique mission. This organization is designed as a welfare benefit plan, offering short-term disability payments to eligible participants. Its primary activity is to provide financial assistance during periods of incapacity due to illness or injury. The trust's mission is to manage expenses related to these benefits and ensure their timely distribution to those in need. The organization's role is crucial in offering a safety net for individuals facing temporary disability, thereby alleviating some of the financial stress during this challenging time.

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Impact




October, 2024

The Transamerica Corporation Disability Trust Agreement serves as a critical financial resource for eligible participants facing short-term disabilities. By providing timely payments for short-term disability claims, the trust alleviates the financial burden that can arise from loss of income during recovery periods. This support not only helps individuals manage day-to-day expenses but also contributes to overall well-being by reducing stress associated with financial insecurity.

Furthermore, the trust facilitates access to necessary benefits, promoting a more equitable workplace environment where employees can take the time needed to recover without the added pressure of economic hardship. The administrative structure ensures that resources are allocated efficiently, allowing for a streamlined process in managing claims and disbursing benefits.

Ultimately, the impact of the Transamerica Corporation Disability Trust Agreement extends beyond individual participants; it fosters a culture of support and security within the workforce, encouraging productivity and retention by demonstrating a commitment to employee welfare.




This information is meant to be a general summary of Transamerica Corporation Disability Trust Agreement. 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
-$20,936 (2022)
Expenses
$116,366 (2022)
Efficiency

Other financial information:

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

  • Investment Income: -$20,936
  • Gross Receipts: $277,699

Assets and Liabilities:

  • Total Assets: $728,118
  • Total Liabilities: $0
  • Net Assets: $728,118

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Organization Details

Founding Year

1982

Principal Officer

Scott Albertson

Main Address

6400 C STREET SW C/O TAX DEPARTMENT, CEDAR RAPIDS, IA, 52499

NTEE Category

Code: Y40 - Mutual benefit

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