Mcmaster-Carr Supply Co Employees' Welfare Trust

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

EIN: 364052298 ✦ Elmhurst, IL ✦ Designated as a 501(c)(9)

Overview

What is Mcmaster-Carr Supply Co Employees' Welfare Trust?

Mcmaster-Carr Supply Co Employees' Welfare Trust is a charitable organization based in Elmhurst, Illinois. Its primary mission is to fulfill the health insurance obligations of McMaster-Carr Supply Company. The trust provides essential health, term life insurance, and long-term disability benefits to eligible employees and retirees of McMaster-Carr Supply Company. This nonprofit organization plays a crucial role in ensuring the well-being and financial security of the company's workforce.


Is Mcmaster-Carr Supply Co Employees' Welfare Trust legitimate?

Mcmaster-Carr Supply Co Employees' Welfare Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Mcmaster-Carr Supply Co Employees' Welfare 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 Mcmaster-Carr Supply Co Employees' Welfare Trust?
Who is the CEO of Mcmaster-Carr Supply Co Employees' Welfare Trust?
What is the revenue of Mcmaster-Carr Supply Co Employees' Welfare Trust?
Who are the executives of Mcmaster-Carr Supply Co Employees' Welfare Trust and what are their salaries?
Where can I find the form 990 for Mcmaster-Carr Supply Co Employees' Welfare Trust?

Mission Statement of Mcmaster-Carr Supply Co Employees' Welfare Trust

McMaster-Carr Supply Co Employees' Welfare Trust, a crucial organization, is dedicated to ensuring the health and well-being of eligible employees and retirees of McMaster-Carr Supply Company. By providing health insurance, term life insurance, and long-term disability benefits, this trust plays a vital role in fulfilling the company's obligations in this area.

The mission of McMaster-Carr Supply Co Employees' Welfare Trust is twofold. First and foremost, it is committed to funding the health insurance needs of McMaster-Carr Supply Company. This commitment is essential for the financial security and peace of mind of the company's workforce. By assuming this responsibility, the Trust allows McMaster-Carr Supply Company to focus on its core business operations.

Second, McMaster-Carr Supply Co Employees' Welfare Trust serves as a safety net for employees and retirees, offering them essential benefits and protections. These benefits not only provide financial security but also contribute to the overall health and well-being of the individuals involved. By offering health insurance, term life insurance, and long-term disability benefits, the Trust helps to alleviate the burden of these costs and provides a sense of security for those who depend on the company for their livelihood.

Impact

This information is meant to be a general summary of Mcmaster-Carr Supply Co Employees' Welfare 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 the Mcmaster-Carr Supply Co Employees' Welfare Trust is evident in its provision of critical benefits such as health insurance, term life insurance, and long-term disability benefits to eligible employees and retirees of McMASTER-CARR SUPPLY COMPANY. By funding these essential obligations, the Trust plays a significant role in ensuring the well-being and financial security of the company's workforce. This reflects a commitment to mutual benefit and highlights the Trust's tangible contribution to the comprehensive welfare of those associated with McMASTER-CARR SUPPLY CO.





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: $41,601,191
  • Program Service Revenue: $90,460,488
  • Gross Receipts: $311,781,271

    • Assets and Liabilities:
  • Total Assets: $385,849,249
  • Total Liabilities: $10,889,084
  • Net Assets: $374,960,165
  • Programs

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

    BENEFITS

    Revenue

    $84,879,964

    PHARMACY REBATES

    Revenue

    $5,580,524

    Organization Details

    Founding Year

    1995

    Principal Officer

    Seth Epstein

    Main Address

    PO BOX 680, ELMHURST, IL, 60126

    NTEE Category

    Code: Y40 - Mutual benefit

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