Aramco Us Welfare Benefit Plan Trust

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

EIN: 133827659 ✦ Houston, TX ✦ Designated as a 501(c)(9)

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

For more financial information, click here


What is the mission statement of Aramco Us Welfare Benefit Plan Trust?
Who is the CEO of Aramco Us Welfare Benefit Plan Trust?
What is the revenue of Aramco Us Welfare Benefit Plan Trust?
Who are the executives of Aramco Us Welfare Benefit Plan Trust and what are their salaries?
Where can I find the form 990 for Aramco Us Welfare Benefit Plan Trust?

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.

Revenue
Expenses
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2020.

  • Investment Income: $361
  • Program Service Revenue: $0
  • Gross Receipts: $28,235,247

    • Assets and Liabilities:
  • Total Assets: $0
  • Total Liabilities: $0
  • Net Assets: $0
  • Organization Details

    Founding Year

    1994

    Principal Officer

    Richard Urban

    Main Address

    1200 Smith St 36th Floor AttnTax, Houston, TX, 770024313

    NTEE Category

    Code: Y40 - Mutual benefit

    If you are a representative of Aramco Us Welfare Benefit Plan Trust and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.