Factory Mutual Insurance Company Postretirement Welfare Program

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

EIN: 050451089 ✦ Johnston, RI ✦ Designated as a 501(c)(9)

Overview

What is Factory Mutual Insurance Company Postretirement Welfare Program?

Factory Mutual Insurance Company Postretirement Welfare Program is a nonprofit initiative based in Johnston, Rhode Island. The primary objective of this program is to extend essential life health and additional welfare benefits to qualified retirees and their dependents. Through this program, Factory Mutual Insurance Company ensures the well-being of its retired workforce by offering a range of benefits designed to support their post-career years.


Is Factory Mutual Insurance Company Postretirement Welfare Program legitimate?

Factory Mutual Insurance Company Postretirement Welfare Program is a legitimate nonprofit organization registered as a 501(c)(9) entity. Factory Mutual Insurance Company Postretirement Welfare Program 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 not tax deductible.

Here 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 Factory Mutual Insurance Company Postretirement Welfare Program?
What is the revenue of Factory Mutual Insurance Company Postretirement Welfare Program?
Who are the executives of Factory Mutual Insurance Company Postretirement Welfare Program and what are their salaries?
Where can I find the form 990 for Factory Mutual Insurance Company Postretirement Welfare Program?

Mission Statement of Factory Mutual Insurance Company Postretirement Welfare Program

Factory Mutual Insurance Company Postretirement Welfare Program is a mission-driven initiative that focuses on extending life health and other essential welfare benefits to eligible retirees and their dependents. This program, spearheaded by Factory Mutual Insurance Company, aims to ensure the well-being of those who have devoted their careers to the organization and now find themselves in the retiree phase of life.

By offering these crucial benefits, Factory Mutual Insurance Company Postretirement Welfare Program prioritizes the health and overall well-being of its retirees and their dependents. The program not only covers essential life health benefits but extends to various welfare services that contribute significantly to enhancing their quality of life during their retirement years.

Factory Mutual Insurance Company Postretirement Welfare Program's commitment to its retirees and their dependents is unwavering. Through this program, the company seeks to provide them with the necessary support, enabling them to maintain their health and well-being, while also ensuring peace of mind during their retirement years. The program's goals are aligned with Factory Mutual Insurance Company's values, emphasizing the importance of taking care of its workforce and ensuring their continued well-being even after their professional careers have come to an end.

Impact

This information is meant to be a general summary of Factory Mutual Insurance Company Postretirement Welfare Program. Please take the time to review official sources before making any decisions based upon the content provided here.




Thursday, August 15, 2024

The Factory Mutual Insurance Company Postretirement Welfare Program's impact lies in its provision of essential life, health, and other welfare benefits to eligible retirees and their dependents. By offering these benefits, the program ensures that retirees are supported in their post-employment years, promoting their well-being and financial security. This support can contribute to retirees' overall quality of life and help alleviate concerns related to healthcare costs and other essential needs. The program's focus on providing mutual benefits underscores its commitment to serving and caring for its retired members, ultimately creating a positive impact on their lives.





Financials

This financial information is from Propublica.

Revenue
Expenses
Efficiency

Other financial information:

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

  • Investment Income: $10,698,226
  • Program Service Revenue: $2,171,571
  • Gross Receipts: $30,823,925

    • Assets and Liabilities:
  • Total Assets: $155,197,107
  • Total Liabilities: $15,430,159
  • Net Assets: $139,766,948
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    Insurance and employee benefit funds

    Revenue

    $2,171,571

    Organization Details

    Founding Year

    1989

    Main Address

    PO BOX 7500 270 Central Ave, JOHNSTON, RI, 029190750

    NTEE Category

    Code: Y40 - Mutual benefit

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