3M Employees' Benefits Trust Association

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

EIN: 411414203 ✦ St paul, MN ✦ Designated as a 501(c)(9)

Overview

What is 3M Employees' Benefits Trust Association?

The 3M Employees' Benefits Trust Association is a nonprofit organization situated at 3M Center Building 224-5N-40, St Paul, Minnesota, with a ZIP code of 55144. Their primary mission is to finance the cost of life and survivor insurance arrangements for current 3M employees. By managing these insurance plans, they ensure the workforce is protected and supported with essential coverage.


Is 3M Employees' Benefits Trust Association legitimate?

3M Employees' Benefits Trust Association is a legitimate nonprofit organization registered as a 501(c)(9) entity. 3M Employees' Benefits Trust Association 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 3M Employees' Benefits Trust Association?
Who is the CEO of 3M Employees' Benefits Trust Association?
What is the revenue of 3M Employees' Benefits Trust Association?
Who are the executives of 3M Employees' Benefits Trust Association and what are their salaries?
Where can I find the form 990 for 3M Employees' Benefits Trust Association?

Mission Statement of 3M Employees' Benefits Trust Association

The 3M Employees' Benefits Trust Association plays a vital role in financing the cost of life and survivor insurance arrangements for current employees of 3M. Established to support the workforce, this organization ensures that 3M employees have access to essential insurance coverage. By assuming the financial burden of these arrangements, the Trust Association enables employees to focus on their jobs and well-being, rather than worrying about their financial security. The mission of the 3M Employees' Benefits Trust Association is multifaceted. It not only covers the cost of insurance premiums but also extends a sense of security and peace of mind to the employees and their families. This safety net instills confidence and allows employees to perform at their best, knowing that their loved ones are protected. The Trust Association's role is a testament to 3M's commitment to its workforce and their families, fostering a sense of loyalty and engagement within the organization. Employees can rest assured that their financial well-being is taken care of, enabling them to focus on their professional growth and contributing to the company's success.

Impact

This information is meant to be a general summary of 3M Employees' Benefits Trust Association. Please take the time to review official sources before making any decisions based upon the content provided here.




Thursday, August 15, 2024

3M Employees' Benefits Trust Association plays a crucial role in financing the cost of life and survivor insurance arrangements for current 3M employees. By providing this financial support, the association contributes to the well-being and security of these employees and their families. This impact helps to ensure that employees have access to important insurance coverage, offering them peace of mind and financial protection in times of need. The association's focus on supporting its members in this way demonstrates a commitment to their welfare and overall quality of life.





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: $174,975
  • Program Service Revenue: $14,567,351
  • Gross Receipts: $22,019,909

    • Assets and Liabilities:
  • Total Assets: $4,217,705
  • Total Liabilities: $0
  • Net Assets: $4,217,705
  • Programs

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

    MEMBER CONTRIBUTIONS

    Revenue

    $14,231,209

    STABALIZATION AND EXPERIENCE REFU

    Revenue

    $336,142

    Organization Details

    Founding Year

    1981

    Principal Officer

    The Bank Of New York Mell

    Main Address

    3M CENTER BUILDING 224-5N-40, ST PAUL, MN, 55144

    NTEE Category

    Code: Y40 - Mutual benefit

    If you are a representative of 3M Employees' Benefits Trust Association 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.