Amica Retiree Medical Trust

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

EIN: 416558543 ✦ Lincoln, RI ✦ Designated as a 501(c)(9)

Overview

What is Amica Retiree Medical Trust?

The Amica Retiree Medical Trust is a charitable entity based at 100 Amica Way, Lincoln, Rhode Island 02865, with a total of unknown employees. It offers benefits to eligible participants and their dependents, as stipulated by Section 1.501(c)(9)-(3)(C) of the U.S. Treasury regulations. Specifically, the trust provides sick and accident benefits according to these regulations, catering to individuals who meet the eligibility requirements under the Amica Mutual Insurance Co. Retiree Medical Plan.


Is Amica Retiree Medical Trust legitimate?

Amica Retiree Medical Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Amica Retiree Medical 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 Amica Retiree Medical Trust?
Who is the CEO of Amica Retiree Medical Trust?
What is the revenue of Amica Retiree Medical Trust?
Who are the executives of Amica Retiree Medical Trust and what are their salaries?
Where can I find the form 990 for Amica Retiree Medical Trust?

Mission Statement of Amica Retiree Medical Trust

Amica Retiree Medical Trust is a charitable trust that offers sick and accident benefits to its participants and their eligible dependents, as defined by the Treasury Regulation Section 1.501(c)(9)-(3)(C). This trust exists for the sole benefit of those individuals who meet the eligibility criteria outlined in the Amica Mutual Insurance Company Retiree Medical Plan.

In essence, Amica Retiree Medical Trust acts as a safety net for its participants, providing them with essential financial assistance during times of illness or accident. By doing so, it enables them to focus on their recovery rather than worrying about the financial implications of their health issues. The trust's mission is to alleviate the financial burden of healthcare expenses for those who have earned this benefit through their association with Amica Mutual Insurance Company.

The trust's primary goal is to make a difference in the lives of its participants by providing them with the necessary financial resources to tackle the challenges that come with sickness or injury. By offering sick and accident benefits, Amica Retiree Medical Trust plays a crucial role in helping its members maintain their financial stability during difficult times, ultimately contributing to their overall well-being.

Impact

This information is meant to be a general summary of Amica Retiree Medical Trust. Please take the time to review official sources before making any decisions based upon the content provided here.




Thursday, August 15, 2024

Amica Retiree Medical Trust impacts participants by providing them with sick and accident benefits as defined under Treasury Regulation Section 1.501(C)(9)-(3)(c). The trust is established for the benefit of participants and eligible dependents who meet the eligibility criteria set forth under the Amica Mutual Insurance Company Retiree Medical Plan. This support helps retirees and their dependents access necessary medical care and financial protection in times of illness or accidents.





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: $29,169,650
  • Program Service Revenue: $0
  • Gross Receipts: $641,736,937

    • Assets and Liabilities:
  • Total Assets: $332,476,437
  • Total Liabilities: $10,038,200
  • Net Assets: $322,438,237
  • Organization Details

    Founding Year

    2006

    Principal Officer

    Edmund Shallcross Iii

    Main Address

    100 AMICA WAY, LINCOLN, RI, 028651156

    NTEE Category

    Code: Y43 - Mutual benefit

    If you are a representative of Amica Retiree Medical 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.