Overview
What is The Act 1 Group Of Companies Veba Trust?
The Act 1 Group of Companies Veba Trust was a nonprofit organization established with the primary purpose of creating a plan to provide health and welfare benefits for employees working within the Act 1 Group of Companies, a collective of affiliated companies under common ownership. Its primary mission was to administer this Veba Trust and offer health and welfare benefits to approximately 1579 employees. The trust aimed to support the well-being of its workforce, offering essential benefits and services.
Is The Act 1 Group Of Companies Veba Trust legitimate?
The Act 1 Group Of Companies Veba Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. The Act 1 Group Of Companies Veba 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
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What is the mission statement of The Act 1 Group Of Companies Veba Trust?
The Act 1 Group Of Companies Veba Trust was established with the purpose of creating a plan to provide health and welfare benefits to its employees, falling under the Act 1 Group of Companies, a collective of several affiliates under common ownership. The primary mission of this trust was to administer these benefits, catering to approximately 1579 employees. Unfortunately, this nonprofit organization is no longer active or in operation.
Who is the CEO of The Act 1 Group Of Companies Veba Trust?
Brett W Howroyd is the Trustee of The Act 1 Group Of Companies Veba Trust.
What is the revenue of The Act 1 Group Of Companies Veba Trust?
The Act 1 Group Of Companies Veba Trust's revenue in 2020 was $11,426,844.
Who are the executives of The Act 1 Group Of Companies Veba Trust and what are their salaries?
Here are 2 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for The Act 1 Group Of Companies Veba Trust?
The Act 1 Group Of Companies Veba Trust's most recent form 990 was submitted in 2020 and can be accessed here.
Mission Statement of The Act 1 Group Of Companies Veba Trust
The Act 1 Group of Companies Veba Trust was established with the purpose of creating a plan to provide health and welfare benefits to its employees, who number around 1579, within the Act 1 Group of Companies, a collective of several affiliates sharing common ownership. The trust's primary mission was to administer this Veba Trust and oversee the distribution of these health and welfare benefits to its employees. Regrettably, this nonprofit organization is no longer active or in operation.
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Impact
October, 2024
The Act 1 Group of Companies VEBA Trust was established to provide essential health and welfare benefits to employees across various affiliates within the Act 1 Group of Companies. By administering a Voluntary Employees' Beneficiary Association (VEBA), the Trust aimed to enhance the overall well-being of approximately 1,579 employees, ensuring they had access to necessary healthcare services and other welfare benefits.
The impact of the VEBA Trust extended beyond mere financial support; it contributed to employee satisfaction and retention by fostering a supportive workplace environment conducive to health and well-being. By pooling resources and offering structured benefits, the Trust helped to create a safety net for employees, aiding them in navigating healthcare challenges and promoting healthier lifestyles. Its operations facilitated a mutual benefit framework, reflecting the commitment of the Act 1 Group of Companies to prioritize the welfare of its workforce. Although the Trust is no longer active, its legacy underscores the importance of comprehensive employee benefits in enhancing workplace morale and security.
This information is meant to be a general summary of The Act 1 Group Of Companies Veba 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 2020.
- Investment Income: -$48,664
- Gross Receipts: $11,426,844
Assets and Liabilities:
- Total Assets: $0
- Total Liabilities: $0
- Net Assets: $0
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Organization Details
Founding Year
1990
Phone
(818) 240-8688Principal Officer
Brett W Howroyd
Main Address
327 W BROADWAY, GLENDALE, CA, 91204
NTEE Category
Code: Y40 - Mutual benefit
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