Overview
What is The Michaels Organization Voluntary Employee Benefit Trust?
The Michaels Organization Voluntary Employee Benefit Trust is a nonprofit entity based in Marlon, New Jersey, specifically located at 3 E Stow Road Suite 100. Its primary mission is to offer health, dental, vision, and life insurance coverage to all full-time employees of The Michaels Organization and their eligible dependents. This mission is accomplished through a combination of employee and employer contributions, purchases of insurance products, and effective plan administration. The Trust functions as a single-employer plan, aiming to enhance the well-being and financial security of its workforce.
Official website here: www.themichaelsorg.com
Is The Michaels Organization Voluntary Employee Benefit Trust legitimate?
The Michaels Organization Voluntary Employee Benefit Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. The Michaels Organization Voluntary Employee Benefit 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
Official website here: www.themichaelsorg.com
What is the mission statement of The Michaels Organization Voluntary Employee Benefit Trust?
The Michaels Organization Voluntary Employee Benefit Trust is dedicated to offering health, dental, vision, and life insurance coverage to all full-time employees of The Michaels Organization. This mission is accomplished through a combination of employee and employer contributions to the trust fund, as well as the administration of insurance products. The Trust functions as a single-employer plan, providing essential benefits to eligible dependents of the employees. By ensuring access to these crucial insurance services, the Trust enhances the wellbeing and financial security of The Michaels Organization's workforce.
Official website here: www.themichaelsorg.com
Who is the CEO of The Michaels Organization Voluntary Employee Benefit Trust?
Mark Morgan is the Trustee of The Michaels Organization Voluntary Employee Benefit Trust.
Official website here: www.themichaelsorg.com
What is the revenue of The Michaels Organization Voluntary Employee Benefit Trust?
The Michaels Organization Voluntary Employee Benefit Trust's revenue in 2022 was $21,947,816.
Official website here: www.themichaelsorg.com
Who are the executives of The Michaels Organization Voluntary Employee Benefit Trust and what are their salaries?
- Mark Morgan (Trustee)
- John O'Donell (Trustee)
- Donald L Miller (Trustee)
Official website here: www.themichaelsorg.com
Where can I find the form 990 for The Michaels Organization Voluntary Employee Benefit Trust?
The The Michaels Organization Voluntary Employee Benefit Trust’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.themichaelsorg.com
Learn more at the official website: www.themichaelsorg.com
Mission Statement of The Michaels Organization Voluntary Employee Benefit Trust
The Michaels Organization Voluntary Employee Benefit Trust, also known as the Trust, is a mission-driven entity that focuses on extending health, dental, vision, and life insurance benefits to the full-time workforce of The Michaels Organization and their eligible dependents. This organization's inception was marked by a collaborative effort between the employer and employees, with both parties contributing to the trust fund, procuring insurance products, and overseeing plan administration.
In essence, the Trust functions as an essential lifeline, ensuring that the employees of The Michaels Organization are shielded from the financial burdens that come with managing healthcare expenses. By providing these vital benefits, the organization enhances the well-being of its workforce, enabling them to maintain a healthy and balanced lifestyle both at home and in the workplace. Through this commitment, The Michaels Organization Voluntary Employee Benefit Trust fosters a strong sense of employee morale and dedication, which ultimately contributes to the overall success of the organization.
The Trust's operations are underpinned by its core belief in the importance of comprehensive healthcare coverage for all. By pooling resources and leveraging collective bargaining power, the Trust is able to procure competitive insurance plans that cater to the diverse needs of its members. In doing so, The Michaels Organization Voluntary Employee Benefit Trust extends a priceless benefit, offering peace of mind and financial security to its valued employees.
Impact
This information is meant to be a general summary of The Michaels Organization Voluntary Employee Benefit Trust. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
The Michaels Organization Voluntary Employee Benefit Trust plays a crucial role in providing health, dental, vision, and life insurance coverage for all employees of The Michaels Organization. This trust, a single-employer plan, is sustained through contributions from both the employees and the employer, ensuring that the workforce has access to essential healthcare benefits. By facilitating the provision of these benefits, the Trust enhances the overall well-being and financial security of the employees and their eligible dependents.
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 2022.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTIONS
Revenue
$16,905,084
EMPLOYEE CONTRIBUTIONS
Revenue
$5,029,087
Organization Details
Founding Year
1985
Phone
(856) 596-0500
Principal Officer
Mark Morgan
Main Address
3 E Stow Road Suite 100, Marlton, NJ, 08053
Website
www.themichaelsorg.com
NTEE Category
Code: Y40 - Mutual benefit
If you are a representative of The Michaels Organization Voluntary Employee Benefit 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.