Geico Corporation Welfare Plans Trust

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

EIN: 521363482 ✦ Pittsburgh, PA ✦ Designated as a 501(c)(9)

Overview

What is Geico Corporation Welfare Plans Trust?

The Geico Corporation Welfare Plans Trust is a charitable organization based in Pittsburgh, Pennsylvania, functioning as a fraternal beneficiary society and voluntary employees association. Its primary mission is to manage and pay for medical claims of Geico Corporation employees. By providing essential healthcare coverage, this trust ensures the well-being of its members and strengthens the Geico Corporation community.


Is Geico Corporation Welfare Plans Trust legitimate?

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

Mission Statement of Geico Corporation Welfare Plans Trust

The Geico Corporation Welfare Plans Trust, a fraternal beneficiary society and voluntary employees association, is dedicated to providing medical coverage for the employees of Geico Corporation. In essence, this Trust serves as a safety net, ensuring that eligible employees receive necessary medical care when they need it.

This organization's core mission is to process and pay medical claims for Geico Corporation's employees, offering them peace of mind and financial security during times of illness or injury. By managing these claims, the Trust enables employees to focus on their recovery rather than worrying about the financial aspects of their healthcare.

Additionally, the Geico Corporation Welfare Plans Trust acts as a vital support system for Geico Corporation's workforce. By providing medical coverage, the Trust allows employees to maintain their overall well-being, which in turn contributes to the productivity and effectiveness of the corporation. The Trust's commitment to the health and wellbeing of its members not only benefits individuals but also the organization as a whole.

Impact

This information is meant to be a general summary of Geico Corporation Welfare Plans 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 Geico Corporation Welfare Plans Trust is significant as it plays a crucial role in providing financial assistance for medical claims incurred by Geico Corporation employees. This support helps ensure that employees have access to necessary healthcare services without incurring excessive financial burdens. By managing and covering medical claims, the trust contributes to the overall well-being and financial security of Geico Corporation employees, thereby fostering a positive work environment and employee satisfaction.





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: $344,079
  • Program Service Revenue: $453,228,784
  • Gross Receipts: $471,703,839

    • Assets and Liabilities:
  • Total Assets: $18,934,541
  • Total Liabilities: $0
  • Net Assets: $18,934,541
  • Programs

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

    EMPLOYER CONTRIBUTIONS

    Revenue

    $321,670,646

    EMPLOYEE CONTRIBUTIONS

    Revenue

    $131,558,138

    Organization Details

    Founding Year

    1983

    Main Address

    116 ALLEGHENY CENTER MALL P8YB3502L, PITTSBURGH, PA, 15212

    NTEE Category

    Code: Y40 - Mutual benefit

    If you are a representative of Geico Corporation Welfare Plans 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.