Sc Johnson & Son Inc Retiree Medical Benefits Trust

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

EIN: 866349469 ✦ Racine, WI ✦ Designated as a 501(c)(9)

Overview

What is Sc Johnson & Son Inc Retiree Medical Benefits Trust?

The Sc Johnson & Son Inc Retiree Medical Benefits Trust is a nonprofit organization that holds and manages the assets related to the medical benefits plan for the retired employees of S.C. Johnson & Son, Inc. This trust provides financial resources for retirees' medical, hospitalization, and healthcare benefits. The mission of the trust is to ensure the wellbeing of retired employees by maintaining the necessary funds for their healthcare needs.


Is Sc Johnson & Son Inc Retiree Medical Benefits Trust legitimate?

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

Mission Statement of Sc Johnson & Son Inc Retiree Medical Benefits Trust

Sc Johnson & Son Inc Retiree Medical Benefits Trust is a trust established with the primary objective of managing and holding the assets of the S.C. Johnson & Son, Inc. Retiree Medical Benefit Plan. In simpler terms, this trust serves as a vital financial institution, dedicated to maintaining and preserving the funds required to provide retiree medical, hospitalization, and health care benefits for the employees of S.C. Johnson & Son, Inc.

The mission of Sc Johnson & Son Inc Retiree Medical Benefits Trust is multifaceted. It focuses on ensuring the financial sustainability and growth of the trust, so as to continue serving the medical needs of its beneficiaries effectively and efficiently. By holding and managing the assets, the trust aims to generate income and maximize returns, ensuring that the benefits are not only maintained but also improved over time. The trust's commitment to these objectives is essential in providing peace of mind and financial security to the retirees of S.C. Johnson & Son, Inc.

Moreover, Sc Johnson & Son Inc Retiree Medical Benefits Trust plays a pivotal role in ensuring the financial stability of the retiree medical benefits plan. By managing and investing the funds, the trust helps to mitigate the financial risks associated with providing healthcare benefits to a large number of retirees. This stability is crucial in enabling S.C. Johnson & Son, Inc. to maintain its commitment to its employees, even in the face of changing economic conditions and rising healthcare costs. Overall, Sc Johnson & Son Inc Retiree Medical Benefits Trust is a critical component of the organization's broader employee benefits program, helping to secure the health and well-being of its retired workforce.

Impact

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




Thursday, August 15, 2024

The Sc Johnson & Son Inc Retiree Medical Benefits Trust plays a crucial role in providing funds for retiree medical, hospitalization, and health care benefits for individuals who have dedicated their careers to the company. By holding the assets of the S.C. Johnson & Son, Inc. Retiree Medical Benefit Plan, this trust ensures that retirees can access the necessary resources to support their health and well-being during their retirement years. This impact is significant as it reflects a commitment to supporting and valuing the contributions of employees even after they have left the workforce.





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: $15,315,883
  • Program Service Revenue: $0
  • Gross Receipts: $83,924,158

    • Assets and Liabilities:
  • Total Assets: $288,226,435
  • Total Liabilities: $29,351,668
  • Net Assets: $258,874,767
  • Organization Details

    Founding Year

    2006

    Principal Officer

    David Isaacson

    Main Address

    1525 HOWE STREET, RACINE, WI, 53403

    NTEE Category

    Code: Y43 - Mutual benefit

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