Local 8-86 Merck Employees Veba Trust

Usw Local 10-00086 Merck Employees H & W Fund

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

EIN: 232811893 ✦ Horsham, PA ✦ Designated as a 501(c)(9)

Overview

What is Local 8-86 Merck Employees Veba Trust?

The USW Local 10-00086 Merck Employees VEBA Trust is a nonprofit welfare benefit plan, headquartered in Horsham, Pennsylvania. This organization offers self-funded health and welfare benefits to the employees of Merck, who are members of Local 10-00086. The trust currently caters to approximately 1,774 members and their families, ensuring they have access to essential health and welfare services.


Is Local 8-86 Merck Employees Veba Trust legitimate?

Local 8-86 Merck Employees Veba Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Local 8-86 Merck Employees Veba 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 Local 8-86 Merck Employees Veba Trust?
Who is the CEO of Local 8-86 Merck Employees Veba Trust?
What is the revenue of Local 8-86 Merck Employees Veba Trust?
Who are the executives of Local 8-86 Merck Employees Veba Trust and what are their salaries?
Where can I find the form 990 for Local 8-86 Merck Employees Veba Trust?

Mission Statement of Local 8-86 Merck Employees Veba Trust

The USW Local 8-86 Merck Employees VEBA Trust is a self-funded welfare benefit plan that is dedicated to enhancing the health and well-being of its members. This organization caters to the employees of Local 10-00086 Merck, based in Horsham, PA, and currently provides benefits to around 1,774 members and their families.

In simple terms, the USW Local 8-86 Merck Employees VEBA Trust serves as a safety net, ensuring that the workforce under Local 10-00086 Merck in Horsham, PA, has access to essential health and welfare benefits. By being self-funded, this trust allows its members to reap the benefits without relying on external sources or third-party insurers. The trust's mission is to create a supportive environment that prioritizes the well-being of its members, ultimately contributing to their overall quality of life.

Impact

This information is meant to be a general summary of Local 8-86 Merck Employees Veba Trust. Please take the time to review official sources before making any decisions based upon the content provided here.




Thursday, August 15, 2024

Local 8-86 Merck Employees Veba Trust's impact is significant in providing self-funded health and welfare benefits to approximately 1,774 members and their families who are part of Local 10-00086 Merck employees in Horsham, PA. This welfare benefit plan plays a crucial role in ensuring the well-being and security of its members by offering essential services and support. By focusing on mutual benefit, the trust actively contributes to the overall quality of life and health of its members, thereby making a positive impact on the community.





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: $2,049,839
  • Program Service Revenue: $44,787,531
  • Gross Receipts: $63,211,790

    • Assets and Liabilities:
  • Total Assets: $69,303,250
  • Total Liabilities: $4,560,675
  • Net Assets: $64,742,575
  • Programs

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

    Employer Contributions

    Revenue

    $39,220,902

    Employee Contributions

    Revenue

    $5,551,306

    COBRA

    Revenue

    $15,323

    Organization Details

    Founding Year

    1996

    Principal Officer

    Michael Gauger

    Main Address

    601 Dresher Rd, Horsham, PA, 190442203

    NTEE Category

    Code: Y40 - Mutual benefit

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