Petco Animal Supplies Stores Inc Group Benefit Plan And Trust

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

EIN: 330477065 ✦ San diego, CA ✦ Designated as a 501(c)(9)

Overview

What is Petco Animal Supplies Stores Inc Group Benefit Plan And Trust?

Petco Animal Supplies Stores Inc has established a trust, named Petco Animal Supplies Stores Inc Group Benefit Plan And Trust, to support the funding of benefits outlined in their group benefit plan. Based in San Diego, California, this trust serves as a financial resource for the fulfillment of employee benefits.


Official website here: www.petco.com

Is Petco Animal Supplies Stores Inc Group Benefit Plan And Trust legitimate?

Petco Animal Supplies Stores Inc Group Benefit Plan And Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Petco Animal Supplies Stores Inc Group Benefit Plan And 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.petco.com

What is the mission statement of Petco Animal Supplies Stores Inc Group Benefit Plan And Trust?

The Petco Animal Supplies Stores Inc Group Benefit Plan And Trust was founded by the employer to ensure the funding of benefits as outlined in their group benefit plan. The trust's primary goal is to manage and distribute resources for the payment of these benefits. By establishing this trust, Petco Animal Supplies Stores Inc demonstrates its commitment to providing financial support for its employees and their dependents. The trust serves as a vital element in the employer's benefits program, ensuring the continuity and affordability of essential benefits for those enrolled.


Official website here: www.petco.com

Who is the CEO of Petco Animal Supplies Stores Inc Group Benefit Plan And Trust?

Us Bank is the Trustee of Petco Animal Supplies Stores Inc Group Benefit Plan And Trust.


Official website here: www.petco.com

What is the revenue of Petco Animal Supplies Stores Inc Group Benefit Plan And Trust?

Petco Animal Supplies Stores Inc Group Benefit Plan And Trust's revenue in 2023 was $145,285,762.


Official website here: www.petco.com

Who are the executives of Petco Animal Supplies Stores Inc Group Benefit Plan And Trust and what are their salaries?

Here are 3 key members and their salaries:

    Ilene Eskenazi (Former Chro)
  • Compensation: $0
  • Related: $1,444,104
  • Other: $0

    • Giovanni Insana (Clo)
  • Compensation: $0
  • Related: $517,375
  • Other: $0

    • Us Bank (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.petco.com

    Where can I find the form 990 for Petco Animal Supplies Stores Inc Group Benefit Plan And Trust?

    The Petco Animal Supplies Stores Inc Group Benefit Plan And Trust’s most recent form 990 was submitted in 2023 and can be accessed here


    Official website here: www.petco.com

    Learn more at the official website: www.petco.com

    Mission Statement of Petco Animal Supplies Stores Inc Group Benefit Plan And Trust

    Petco Animal Supplies Stores Inc Group Benefit Plan and Trust is a charitable trust established by the employer, Petco Animal Supplies Stores Inc, to ensure the funding of benefits under its sponsor's group benefit plan. The trust serves as a vital financial resource, enabling Petco to provide essential benefits to its employees and their families.

    In essence, the trust acts as a financial backbone for the group benefit plan, ensuring the timely payment of benefits to qualified individuals. By pooling resources and managing them efficiently, the trust allows Petco to offer a comprehensive benefits package to its workforce. This not only attracts and retains top talent but also demonstrates the company's commitment to the well-being of its employees.

    The trust's primary goal is to provide financial security and peace of mind to Petco employees and their dependents. By funding the benefits under the group benefit plan, the trust enables the company to offer a range of coverage options, including health, dental, vision, and life insurance, disability, and retirement benefits. This comprehensive coverage not only addresses the immediate needs of employees but also plans for their long-term financial security.

    In summary, the Petco Animal Supplies Stores Inc Group Benefit Plan and Trust plays a crucial role in the overall employee benefits strategy of the organization. It acts as a financial safety net, ensuring the timely and effective delivery of benefits to eligible employees, ultimately contributing to the overall well-being and job satisfaction of the Petco workforce.

    Impact

    This information is meant to be a general summary of Petco Animal Supplies Stores Inc Group Benefit Plan And 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 Petco Animal Supplies Stores Inc Group Benefit Plan And Trust lies in its provision of funding for the payment of benefits under the sponsor's group benefit plan. By establishing this trust, the employer ensures that employees have access to essential benefits, contributing to their well-being and job satisfaction. This support helps to attract and retain talent within the organization, fostering a positive work environment and promoting employee loyalty. Additionally, the trust's activities demonstrate a commitment to the welfare of its workforce, enhancing the overall effectiveness and stability of the company.





    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 2023.

  • Investment Income: $301
  • Program Service Revenue: $145,285,461
  • Gross Receipts: $145,285,762

    • Assets and Liabilities:
  • Total Assets: $12,069,115
  • Total Liabilities: $24,084,387
  • Net Assets: -$12,015,272
  • Programs

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

    EMPLOYER CONTRIBUTIONS

    Revenue

    $105,965,282

    PARTICIPANT CONTRIBUTIONS

    Revenue

    $33,635,410

    PRESCRIPTION REBATES

    Revenue

    $5,684,769

    Organization Details

    Founding Year

    1991

    Principal Officer

    Us Bank

    Main Address

    10850 VIA FRONTERA, SAN DIEGO, CA, 92127

    NTEE Category

    Code: Y40 - Mutual benefit

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