General Hospital Corporation Long-Term Disability Trust

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

EIN: 222784305 ✦ Somerville, MA ✦ Designated as a 501(c)(9)

Overview

What is General Hospital Corporation Long-Term Disability Trust?

The General Hospital Corporation Long-Term Disability Trust, located in Somerville, Massachusetts, serves as the master trust responsible for managing the long-term disability plan of Partners Healthcare System, Inc. This nonprofit entity maintains the plan to provide essential disability benefits to its partners.


Is General Hospital Corporation Long-Term Disability Trust legitimate?

General Hospital Corporation Long-Term Disability Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. General Hospital Corporation Long-Term Disability 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 General Hospital Corporation Long-Term Disability Trust?
Who is the CEO of General Hospital Corporation Long-Term Disability Trust?
What is the revenue of General Hospital Corporation Long-Term Disability Trust?
Who are the executives of General Hospital Corporation Long-Term Disability Trust and what are their salaries?
Where can I find the form 990 for General Hospital Corporation Long-Term Disability Trust?

Mission Statement of General Hospital Corporation Long-Term Disability Trust

The General Hospital Corporation Long-Term Disability Trust, known as the GHC Long-Term Disability Trust, is a master trust that plays a crucial role in maintaining the Partners Healthcare System, Inc. long-term disability plan. In simpler terms, this trust is responsible for ensuring the smooth functioning and upkeep of the long-term disability benefits program offered by Partners Healthcare System, Inc.

The mission of the General Hospital Corporation Long-Term Disability Trust is multifaceted. It primarily involves managing and overseeing the logistics of the long-term disability plan provided by Partners Healthcare System, Inc. By doing so, the trust helps secure the financial and logistical well-being of those individuals within the Partners Healthcare System who may be affected by long-term disabilities. The trust's commitment to maintaining this plan is essential for providing peace of mind and financial stability to employees and healthcare professionals within the system.

Additionally, the General Hospital Corporation Long-Term Disability Trust is responsible for ensuring the stability and continuity of the long-term disability benefits offered by Partners Healthcare System, Inc. This involves managing the trust's assets and finances in a responsible and effective manner, ensuring the plan remains financially sound and able to meet the needs of those who depend on it. The trust acts as a vital safety net for those who face the challenge of long-term disabilities, enabling them to focus on their recovery and well-being rather than worrying about their financial situation.

Impact

This information is meant to be a general summary of General Hospital Corporation Long-Term Disability Trust. Please take the time to review official sources before making any decisions based upon the content provided here.




Thursday, August 15, 2024

The General Hospital Corporation Long-Term Disability Trust plays a crucial role in maintaining the Mass General Brigham Long-Term Disability Plan. Through this trust, individuals who become disabled and are unable to work are provided with financial support and security. By ensuring the effective administration of this long-term disability plan, the trust helps to protect the well-being of the employees within the Partners Healthcare System, Inc. As a result, the trust's impact is felt in the form of providing mutual benefit to those facing long-term disabilities and in promoting the overall welfare of the healthcare system's workforce.





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: $190,186
  • Program Service Revenue: $19,313,815
  • Gross Receipts: $19,504,001

    • Assets and Liabilities:
  • Total Assets: $39,525,406
  • Total Liabilities: $1,266,803
  • Net Assets: $38,258,603
  • Programs

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

    PARTICIPANT CONTRIBUTI

    Revenue

    $16,488,312

    EMPLOYER CONTRIBUTIONS

    Revenue

    $2,825,503

    Organization Details

    Founding Year

    1988

    Principal Officer

    The Massachusetts General

    Main Address

    399 REVOLUTION DRIVE 645, SOMERVILLE, MA, 021451446

    NTEE Category

    Code: Y40 - Mutual benefit

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