Overview
What is Auto Club Of S Calif Retiree Veba?
The Auto Club of S Calif Retiree VEBA, located at 3333 Fairview Road A-379, Costa Mesa, CA 92626, is a nonprofit organization that offers medical and dental benefits to retired employees of the Automobile Club of Southern California and its affiliated subsidiaries, as well as their dependents. The Trust, classified as a 501(c)(9) organization, is responsible for making premium payments to insurance carriers to ensure these benefits are provided. The mission of the Auto Club of S Calif Retiree VEBA is to support the wellbeing of its retired members, providing them with essential medical and dental coverage during their post-employment years.
Is Auto Club Of S Calif Retiree Veba legitimate?
Auto Club Of S Calif Retiree Veba is a legitimate nonprofit organization registered as a 501(c)(9) entity. Auto Club Of S Calif Retiree Veba 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
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What is the mission statement of Auto Club Of S Calif Retiree Veba?
The Auto Club of S Calif Retiree VEBA, as a 501(c)(9) organization, is dedicated to providing medical and dental benefits to the retired employees of the Automobile Club of Southern California and its wholly owned subsidiaries, along with their dependents. The trust's mission is fulfilled through premium payments made to insurance carriers, ensuring that eligible retirees have access to necessary healthcare services. This organization serves to enhance the well-being and health of its beneficiaries, providing them with essential medical and dental coverage during their retirement years.
Who is the CEO of Auto Club Of S Calif Retiree Veba?
Chad Hourigan is the Trustee & Custodian of Auto Club Of S Calif Retiree Veba.
What is the revenue of Auto Club Of S Calif Retiree Veba?
Auto Club Of S Calif Retiree Veba's revenue in 2022 was -$3,470,041.
Who are the executives of Auto Club Of S Calif Retiree Veba and what are their salaries?
There is 1 key member and their salary:
- Compensation: $7,000
- Related: $0
- Other: $0
Where can I find the form 990 for Auto Club Of S Calif Retiree Veba?
Auto Club Of S Calif Retiree Veba's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Auto Club Of S Calif Retiree Veba
The Auto Club Of S Calif Retiree Veba, as a 501(c)(9) organization, is committed to providing medical and dental benefits to retired employees of the Automobile Club of Southern California and its wholly owned subsidiaries, as well as their dependents. This nonprofit organization's mission is to ensure the well-being of its beneficiaries by making premium payments for their medical and dental claims to insurance carriers. By doing so, the Auto Club Of S Calif Retiree Veba plays a vital role in supporting the health and wellness of its retired members, helping them maintain a decent standard of living in their post-employment years.
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Impact
October, 2024
The Auto Club of Southern California Retiree VEBA significantly impacts retired employees of the Automobile Club of Southern California and its subsidiaries by providing essential medical and dental benefits. This support allows retirees to maintain their health and well-being after leaving the workforce, which can be crucial for those on fixed incomes. By covering premium payments for medical and dental claims, the trust alleviates financial burdens associated with healthcare costs, particularly for older individuals who may require more frequent medical attention.
The VEBA plays a vital role in ensuring that retirees and their dependents have access to necessary healthcare services, contributing to a healthier population and enhanced quality of life. The continuation of these benefits fosters loyalty and satisfaction among retired employees, allowing them to feel valued and secure in their post-employment years. Furthermore, providing such support creates a sense of community and mutual aid among retirees, reinforcing the connection to the organization and its mission of caring for their well-being.
This information is meant to be a general summary of Auto Club Of S Calif Retiree Veba. 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: $1,622,808
- Program Service Revenue: $1,403,718
- Gross Receipts: $11,314,051
Assets and Liabilities:
- Total Assets: $51,509,081
- Total Liabilities: $0
- Net Assets: $51,509,081
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Employee contribution
Revenue
$1,403,718
Organization Details
Founding Year
1988
Phone
(714) 885-1265Principal Officer
Chad Hourigan
Main Address
3333 Fairview Road A-379, Costa Mesa, CA, 92626
NTEE Category
Code: Y40 - Mutual benefit
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