Overview
What is Northrop Grumman Corporation Veba Master Trust I?
The Northrop Grumman Corporation Veba Master Trust I, or VEBA I, is a nonprofit trust based in Quincy, Massachusetts. Its primary focus is to provide eligible Northrop Grumman employees and their dependents with healthcare and life insurance benefits as established in the Northrop Grumman Corporation Veba Master Trust I. By offering these crucial benefits, VEBA I ensures the well-being of its members and their families.
What are the reviews and ratings of this charity?
Northrop Grumman Corporation Veba Master Trust I is not currently rated by Charity Navigator. This absence of a rating is not inherently positive or negative but indicates that the organization cannot be assessed using the typical methodologies for 501(c)(3) nonprofits, as it does not hold this status. As a result, there are no available ratings for Accountability & Finance or Impact & Measurement typically used by Charity Navigator.
The Trust's non-501(c)(3) status limits the application of Charity Navigator’s standard evaluation beacons, such as Leadership & Adaptability, Culture & Community, and Impact & Measurement. Without these evaluations, there is little publicly available data about the organization’s operational strengths or limitations. This leaves external observers without a comprehensive insight into the Trust’s financial practices and effectiveness.
Furthermore, no user reviews are found on GreatNonprofits about Northrop Grumman Corporation Veba Master Trust I, adding to the challenge of gaining a deeper understanding of public opinions or experiences with the organization. The lack of personal testimonials or experiences means potential donors or stakeholders might need to seek additional information from other sources to make informed decisions.
This AI summary has been generated from information found on Charity Navigator.
Is Northrop Grumman Corporation Veba Master Trust I legitimate?
Northrop Grumman Corporation Veba Master Trust I is a legitimate nonprofit organization registered as a 501(c)(9) entity. Northrop Grumman Corporation Veba Master Trust I 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: $42,585
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Northrop Grumman Corporation Veba Master Trust I?
The Northrop Grumman Corporation Veba Master Trust I (VEBA I) serves the crucial role of offering health care and life insurance benefits to eligible employees and their dependents, as outlined in the trust agreement. This organization's primary mission is to ensure the wellbeing of eligible individuals by providing essential health care and life insurance coverage. VEBA I processes and pays the claims for health care and life insurance under the trust, securing peace of mind for those enrolled in the program. By offering these vital benefits, VEBA I enhances the overall quality of life for its beneficiaries.
Who is the CEO of Northrop Grumman Corporation Veba Master Trust I?
Eric Scholten is the Invmt Committee Chair of Northrop Grumman Corporation Veba Master Trust I.
What is the revenue of Northrop Grumman Corporation Veba Master Trust I?
Northrop Grumman Corporation Veba Master Trust I's revenue in 2022 was $1,219,541,017.
Who are the executives of Northrop Grumman Corporation Veba Master Trust I and what are their salaries?
Here are 7 key members and their salaries:
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- Compensation: $42,585
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Where can I find the form 990 for Northrop Grumman Corporation Veba Master Trust I?
Northrop Grumman Corporation Veba Master Trust I's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Northrop Grumman Corporation Veba Master Trust I
Northrop Grumman Corporation Veba Master Trust I, often referred to as VEBA I, is a mission-driven entity dedicated to delivering health care and life insurance benefits to eligible employees and their dependents, in accordance with the Northrop Grumman Corporation's Veba Master Trust I agreement.
This trust serves as a vital safety net, providing essential health and life insurance coverage for qualifying individuals. The primary objective of VEBA I is to ensure that eligible employees and their dependents have access to comprehensive health care and life insurance packages, as outlined in the Northrop Grumman Corporation's Veba Master Trust I.
The trust's commitment to its mission extends to processing and paying claims for eligible individuals under the Northrop Grumman Corporation Veba Master Trust I. By fulfilling this crucial function, VEBA I plays an integral role in helping its beneficiaries manage their health care needs and secure their financial future through life insurance coverage.
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Impact
October, 2024
Northrop Grumman Corporation Veba Master Trust I plays a significant role in providing essential health care and life insurance benefits to eligible employees and their dependents. By ensuring that these benefits are accessible, the Trust helps to safeguard the well-being of employees, which can enhance job satisfaction and overall morale within the organization. This financial support for health care and life insurance claims allows employees to navigate health-related expenses with greater ease, promoting their physical and mental health stability.
In addition to the immediate benefits to employees and their families, the Trust contributes to a more attractive workplace, aiding in employee retention and recruitment efforts. By prioritizing the health and safety of its workforce, Northrop Grumman strengthens its commitment to mutual benefit, fostering a supportive environment that can drive productivity and engagement. Overall, the impact of the Northrop Grumman Corporation Veba Master Trust I is multifaceted, extending well beyond individual beneficiaries to enhance organizational culture and community welfare in Quincy, MA, and beyond.
This information is meant to be a general summary of Northrop Grumman Corporation Veba Master Trust I. 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: $36,139,936
- Program Service Revenue: $1,182,328,984
- Gross Receipts: $1,413,170,974
Assets and Liabilities:
- Total Assets: $251,344,738
- Total Liabilities: $221,176
- Net Assets: $251,123,562
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTIONS
Revenue
$804,786,099
EMPLOYEE CONTRIBUTIONS
Revenue
$350,706,607
OTHER CONTRIBUTIONS
Revenue
$26,836,278
Organization Details
Founding Year
1988
Phone
(617) 662-6858Principal Officer
Eric Scholten
Main Address
1776 HERITAGE DRIVE 3RD FLOOR, QUINCY, MA, 02171
NTEE Category
Code: Y20Z - Mutual benefit
If you are a representative of Northrop Grumman Corporation Veba Master Trust I and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.