Overview
What is Aramco Us Welfare Benefit Plan Trust?
Aramco Us Welfare Benefit Plan Trust is a nonprofit trust established in Houston, Texas, on January 1, 1994. Its primary purpose is to serve as a funding vehicle and hold assets for providing medical benefits to eligible employees and their dependents. The trust, intended to qualify as a Voluntary Employee Benefit Association (VEBA) under section 501(c)(9) of the Internal Revenue Code, aims to enhance the well-being of its members by offering comprehensive medical coverage.
Is Aramco Us Welfare Benefit Plan Trust legitimate?
Aramco Us Welfare Benefit Plan Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Aramco Us Welfare Benefit Plan 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 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
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What is the mission statement of Aramco Us Welfare Benefit Plan Trust?
The Aramco Us Welfare Benefit Plan Trust serves as a funding vehicle and holds assets for the provision of medical benefits to eligible employees and their dependents. This organization, established in 1994, intends to operate as a Voluntary Employee Benefit Association (VEBA) under section 501(c)(9) of the Internal Revenue Code. Its primary mission is to extend medical coverage to active employees and their dependents.
Who is the CEO of Aramco Us Welfare Benefit Plan Trust?
Richard Urban is the Managing Director of Aramco Us Welfare Benefit Plan Trust.
What is the revenue of Aramco Us Welfare Benefit Plan Trust?
Aramco Us Welfare Benefit Plan Trust's revenue in 2020 was $28,235,247.
Who are the executives of Aramco Us Welfare Benefit Plan Trust and what are their salaries?
- Richard Urban (Managing Director)
- Melissa Windt (Associate Director)
- Mark Bardwell (Treasurer) [Trustee/Director]
- Ronald Charles (Assistant Treasurer)
- Jp Morgan Chase Bank (Directed Trustee)
Where can I find the form 990 for Aramco Us Welfare Benefit Plan Trust?
The Aramco Us Welfare Benefit Plan Trust’s most recent form 990 was submitted in 2020 and can be accessed here
Mission Statement of Aramco Us Welfare Benefit Plan Trust
Aramco Us Welfare Benefit Plan Trust, a Voluntary Employee Benefit Association (VEBA), is dedicated to delivering medical benefits to its members, which include active employees and their eligible dependents. This organization was established in 1994 with the primary goal of serving as a funding vehicle for the provision of medical coverage under the Plan.
The Trust's mission is threefold: it aims to ensure the availability of comprehensive medical benefits for the covered individuals, manage the funding required to meet these obligations, and maintain its status as a VEBA under section 501(c)(9) of the Internal Revenue Code of 1986. By forming this trust, Aramco Us Welfare Benefit Plan Trust has taken a proactive approach to providing medical benefits to its valued staff and their families.
The Trust's purpose extends beyond merely holding assets; it also functions as a critical component in the administration of the medical benefits program. By serving as the funding vehicle, Aramco Us Welfare Benefit Plan Trust enables its members to access essential healthcare services, providing them with peace of mind and the ability to prioritize their well-being.
Impact
This information is meant to be a general summary of Aramco Us Welfare Benefit Plan Trust. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
The impact of Aramco Us Welfare Benefit Plan Trust is significant in providing medical benefits to employees and their eligible dependents. By functioning as a Voluntary Employee Benefit Association (VEBA), this trust has played a crucial role in ensuring the well-being and healthcare coverage of active employees and their families. The Trust's mission to provide medical benefits has contributed to the overall welfare and satisfaction of its members. With the trust being terminated as of 12/31/2020, its impact was felt throughout its existence in supporting the healthcare needs of its beneficiaries.
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.
- Assets and Liabilities:
Organization Details
Founding Year
1994
Phone
(713) 432-4000
Principal Officer
Richard Urban
Main Address
1200 Smith St 36th Floor AttnTax, Houston, TX, 770024313
NTEE Category
Code: Y40 - Mutual benefit
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