Intel Retiree Medical Plan Trust

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

EIN: 776138153 ✦ Santa clara, CA ✦ Designated as a 501(c)(9)

Overview

What is Intel Retiree Medical Plan Trust?

Intel Retiree Medical Plan Trust is a nonprofit organization, established by Intel Corporation in 1996, to offer medical benefits for eligible retired employees and their dependents residing in the United States. Based in Santa Clara, California, the trust's mission is to ensure access to healthcare for those who have worked for Intel and now retired. The trust provides essential medical coverage, enhancing the quality of life for these individuals.


Official website here: www.intel.com

Is Intel Retiree Medical Plan Trust legitimate?

Intel Retiree Medical Plan Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Intel Retiree Medical Plan 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.intel.com

What is the mission statement of Intel Retiree Medical Plan Trust?

The Intel Retiree Medical Plan Trust was founded by Intel Corporation in 1996 to extend healthcare coverage to retired employees and their eligible dependents. The trust's primary objective is to ensure the provision of medical benefits for this group. By offering healthcare services, the trust aims to support the wellbeing and health of retired Intel employees, enhancing their quality of life post-retirement. The trust's commitment extends beyond individual care, as it also focuses on providing dependable healthcare solutions for families of the retirees. The trust's dedication to healthcare coverage enables retired Intel employees to maintain peace of mind and continue living comfortably in their retirement years.


Official website here: www.intel.com

Who is the CEO of Intel Retiree Medical Plan Trust?

Clara Wong is the Trustee of Intel Retiree Medical Plan Trust.


Official website here: www.intel.com

What is the revenue of Intel Retiree Medical Plan Trust?

Intel Retiree Medical Plan Trust's revenue in 2022 was $92,107,235.


Official website here: www.intel.com

Who are the executives of Intel Retiree Medical Plan Trust and what are their salaries?

There is 1 key member and their salary:

    The Bank Of New York Mellon (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.intel.com

    Where can I find the form 990 for Intel Retiree Medical Plan Trust?

    The Intel Retiree Medical Plan Trust’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.intel.com

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

    Mission Statement of Intel Retiree Medical Plan Trust

    The Intel Retiree Medical Plan Trust, a charitable organization established by Intel Corporation in 1996, is dedicated to providing essential medical benefits for eligible retired employees of Intel and their dependents. This mission stems from Intel's commitment to ensuring the wellbeing of its retired workforce, extending healthcare coverage beyond their employment tenure. The Trust focuses on delivering medical benefits that cater to the unique needs of retired Intel employees and their families, enabling them to maintain their health and wellbeing in their post-career lives. The organization's unwavering support allows these individuals to access vital healthcare services, securing their peace of mind and overall quality of life.

    Impact

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




    Thursday, August 15, 2024

    The Intel Retiree Medical Plan Trust plays a crucial role in providing healthcare coverage for retired employees of Intel Corporation and their eligible dependents. By offering medical benefits to this demographic, the plan contributes significantly to the well-being and quality of life of retired individuals who have dedicated their careers to the company. It serves as a vital resource in ensuring that retirees have access to necessary healthcare services, allowing them to maintain their health and address medical needs effectively. Additionally, by supporting retirees in this manner, the plan helps to fulfill Intel Corporation's commitment to its former employees and their families even after they have retired from active service.





    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: $78,630,368
  • Program Service Revenue: $13,406,310
  • Gross Receipts: $312,280,765

    • Assets and Liabilities:
  • Total Assets: $503,345,398
  • Total Liabilities: $34,191,070
  • Net Assets: $469,154,328
  • Programs

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

    EMPLOYEE CONTRIBUTIONS

    Revenue

    $7,662,957

    EMPLOYER CONTRIBUTIONS

    Revenue

    $5,743,353

    Organization Details

    Founding Year

    1996

    Principal Officer

    Clara Wong

    Main Address

    2200 MISSION COLLEGE BLVD RNB-6-9, SANTA CLARA, CA, 95054

    NTEE Category

    Code: Y40 - Mutual benefit

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