Overview
What is Leidos Health And Welfare Benefits Trust?
Leidos Health and Welfare Benefits Trust is a charitable trust based in Reston, Virginia, dedicated to managing and distributing funds for providing medical, dental, life, disability, and other benefits for Leidos Inc employees and their dependents or designated beneficiaries. The trust receives contributions and makes payments for administrative services, premiums, claims, and other associated costs as part of Leidos' Employee Health and Welfare Benefit Plan. The trust's mission is to ensure Leidos' employees have access to essential benefits, providing financial security and peace of mind.
What are the reviews and ratings of this charity?
Leidos Health And Welfare Benefits Trust is not currently rated by Charity Navigator. The lack of a rating is due to the organization's status as a non-501(c)(3) entity, which makes it ineligible for evaluation under Charity Navigator’s current methodologies. This absence of an evaluation does not suggest anything definitive about the organization's performance or impact.
The historical ratings from Charity Navigator, primarily based on Accountability and Finance, are not relevant for this organization as updated criteria incorporate broader measures like Leadership & Adaptability, and Culture & Community, which were not previously considered. However, these measures also cannot be applied here due to the organization’s IRS classification.
As there are no user reviews available from GreatNonprofits, there's no additional feedback from beneficiaries or the public regarding the organization's activities or impact. The absence of qualitative data from users leaves the public with limited information for a thorough analysis.
This AI summary has been generated from information found on Charity Navigator.
Is Leidos Health And Welfare Benefits Trust legitimate?
Leidos Health And Welfare Benefits Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Leidos Health And Welfare Benefits 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 Leidos Health And Welfare Benefits Trust?
The Leidos Health and Welfare Benefits Trust is a trust fund dedicated to providing various benefits for its members and their dependents or designated beneficiaries. Its primary goal is to collect contributions from participants and the sponsoring employer, Leidos, Inc., to ensure the payment of medical, dental, life, disability, and other benefits under the Employee Health and Welfare Benefit Plan of Leidos. The trust covers administrative fees and claims as part of these payments. In essence, the Leidos Health and Welfare Benefits Trust serves to secure essential benefits for its members, enabling them to access healthcare services and financial support when needed.
Who is the CEO of Leidos Health And Welfare Benefits Trust?
Carl Homicki is the 555 Sw Oak St, Portland, O of Leidos Health And Welfare Benefits Trust.
What is the revenue of Leidos Health And Welfare Benefits Trust?
Leidos Health And Welfare Benefits Trust's revenue in 2022 was $297,319,915.
Who are the executives of Leidos Health And Welfare Benefits Trust and what are their salaries?
There is 1 key member and their salary:
- Compensation: $7,582
- Related: $0
- Other: $0
Where can I find the form 990 for Leidos Health And Welfare Benefits Trust?
Leidos Health And Welfare Benefits Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Leidos Health And Welfare Benefits Trust
Leidos Health and Welfare Benefits Trust is a dedicated organization with a mission to provide medical, dental, life, disability, and other benefits for the members or their dependents and designated beneficiaries. This trust collects contributions from participants and the sponsoring employer, Leidos, Inc., to ensure the payments for these benefits under the Employee Health and Welfare Benefit Plan.
The Trust plays a significant role in securing essential benefits for its members. It gathers resources to cover a wide range of healthcare needs, making it an indispensable asset to those it serves. The trust's primary function involves processing and managing claims, ensuring that the benefits are paid out in a timely and efficient manner. More than just a benefit administrator, the Trust also manages administrative fees associated with the plans.
In summary, Leidos Health and Welfare Benefits Trust acts as a vital intermediary between the sponsoring employer and its employees. It collects contributions and ensures the provision of various benefits, providing a crucial safety net for its members, and thus, contributing to their overall wellbeing.
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Impact
October, 2024
Leidos Health And Welfare Benefits Trust plays a crucial role in supporting the health and financial well-being of its members and their families. By providing payment for medical, dental, life, disability, and other benefits, it ensures that individuals have access to essential health services and security.
The trust collects contributions from participants and their sponsoring employer, which enables it to distribute payments for various claims, administrative services, and premiums associated with the benefits plan. This structured approach allows members to receive the necessary support during significant life events, promoting overall wellness and peace of mind.
Moreover, by managing these benefits efficiently, the trust contributes to a supportive workplace culture, enhancing employee satisfaction and retention. The comprehensive benefits package fosters a sense of security and stability for members and their dependents, making a positive impact on their quality of life.
This information is meant to be a general summary of Leidos Health And Welfare Benefits 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: $980,214
- Program Service Revenue: $296,339,701
- Gross Receipts: $297,319,915
Assets and Liabilities:
- Total Assets: $13,190,639
- Total Liabilities: $381,354
- Net Assets: $12,809,285
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTIONS
Revenue
$188,834,107
EMPLOYEE CONTRIBUTIONS
Revenue
$107,505,594
Organization Details
Founding Year
1988
Phone
(571) 526-6420Principal Officer
Carl Homicki
Main Address
1750 PRESIDENTS ST ATTN TAX DEPT, RESTON, VA, 20190
NTEE Category
Code: Y40 - Mutual benefit
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