Overview
What is Northrop Grumman Corporation Veba Master Trust I?
The Northrop Grumman Corporation Veba Master Trust I, or VEBA I, is a nonprofit trust based in Quincy, Massachusetts. Its primary focus is to provide eligible Northrop Grumman employees and their dependents with healthcare and life insurance benefits as established in the Northrop Grumman Corporation Veba Master Trust I. By offering these crucial benefits, VEBA I ensures the well-being of its members and their families.
Is Northrop Grumman Corporation Veba Master Trust I legitimate?
Northrop Grumman Corporation Veba Master Trust I is a legitimate nonprofit organization registered as a 501(c)(9) entity. Northrop Grumman Corporation Veba Master Trust I 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: $42,585
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Northrop Grumman Corporation Veba Master Trust I?
The Northrop Grumman Corporation Veba Master Trust I (VEBA I) serves the crucial role of offering health care and life insurance benefits to eligible employees and their dependents, as outlined in the trust agreement. This organization's primary mission is to ensure the wellbeing of eligible individuals by providing essential health care and life insurance coverage. VEBA I processes and pays the claims for health care and life insurance under the trust, securing peace of mind for those enrolled in the program. By offering these vital benefits, VEBA I enhances the overall quality of life for its beneficiaries.
Who is the CEO of Northrop Grumman Corporation Veba Master Trust I?
Eric Scholten is the Invmt Committee Chair of Northrop Grumman Corporation Veba Master Trust I.
What is the revenue of Northrop Grumman Corporation Veba Master Trust I?
Northrop Grumman Corporation Veba Master Trust I's revenue in 2022 was $1,219,541,017.
Who are the executives of Northrop Grumman Corporation Veba Master Trust I and what are their salaries?
- State Street Bank (Trustee)
- Eric Scholten (Invmt Committee Chair) [Trustee/Director]
- Dennis Newberry (Invmt Committee Secretary) [Trustee/Director]
- Richard Boak (Invmt Committee Member) [Trustee/Director]
- Jeff Schmidt (Invmt Committee Member) [Trustee/Director]
- Sunil Navale (Invmt Committee Member) [Trustee/Director]
- Ingrid Vaughan (Invmt Committee Member) [Trustee/Director]
Where can I find the form 990 for Northrop Grumman Corporation Veba Master Trust I?
The Northrop Grumman Corporation Veba Master Trust I’s most recent form 990 was submitted in 2022 and can be accessed here
Mission Statement of Northrop Grumman Corporation Veba Master Trust I
Northrop Grumman Corporation Veba Master Trust I, often referred to as VEBA I, is a mission-driven entity dedicated to delivering health care and life insurance benefits to eligible employees and their dependents, in accordance with the Northrop Grumman Corporation's Veba Master Trust I agreement.
This trust serves as a vital safety net, providing essential health and life insurance coverage for qualifying individuals. The primary objective of VEBA I is to ensure that eligible employees and their dependents have access to comprehensive health care and life insurance packages, as outlined in the Northrop Grumman Corporation's Veba Master Trust I.
The trust's commitment to its mission extends to processing and paying claims for eligible individuals under the Northrop Grumman Corporation Veba Master Trust I. By fulfilling this crucial function, VEBA I plays an integral role in helping its beneficiaries manage their health care needs and secure their financial future through life insurance coverage.
Impact
This information is meant to be a general summary of Northrop Grumman Corporation Veba Master Trust I. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Northrop Grumman Corporation Veba Master Trust I's impact lies in its provision of essential health care and life insurance benefits to eligible employees and their dependents. By managing the Northrop Grumman Corporation Veba Master Trust I, this entity plays a crucial role in ensuring that individuals have access to necessary medical care and insurance coverage. This support contributes to the overall well-being and financial security of employees and their families, fostering a sense of stability and peace of mind within the community served.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTIONS
Revenue
$804,786,099
EMPLOYEE CONTRIBUTIONS
Revenue
$350,706,607
OTHER CONTRIBUTIONS
Revenue
$26,836,278
Organization Details
Founding Year
1988
Phone
(617) 662-6858
Principal Officer
Eric Scholten
Main Address
1776 HERITAGE DRIVE 3RD FLOOR, QUINCY, MA, 02171
NTEE Category
Code: Y30 - Mutual benefit
If you are a representative of Northrop Grumman Corporation Veba Master Trust I 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.