Overview
What is University Of B C Staff Pension Plan?
The University of B C Staff Pension Plan is a Canadian nonprofit organization based in Vancouver, British Columbia, with the address 201-2389 Health Sciences Mall, V6T 1Z3. As a Target Benefit Plan, it's dedicated to delivering pensions and various plan obligations to its members, including pre-retirement and death benefits, and termination benefits. The Plan receives funding through retirees' and members' contributions, the University's contributions, and transfers from other plans. By focusing on retirement benefits, the UBC Staff Pension Plan ensures financial security for its members upon retirement.
Official website here: www.staff.pensions.ubc.ca/
Is University Of B C Staff Pension Plan legitimate?
University Of B C Staff Pension Plan is a legitimate nonprofit organization registered as a 501(c)(3) entity. University Of B C Staff Pension Plan 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 tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $173,979
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,101,497
For more financial information, click here
Official website here: www.staff.pensions.ubc.ca/
What is the mission statement of University Of B C Staff Pension Plan?
The University of B C Staff Pension Plan functions as a Target Benefit Plan. Its primary objective is to ensure the provision of pensions and other related benefits for its members upon retirement, death, and termination. The plan caters to the pre-retirement and post-retirement needs of its members by offering death benefits and termination benefits. The expenses of the plan are primarily covered through the payment of benefits to retirees and terminated members, while the revenues are sourced from members' contributions and the university's contributions, in addition to transfers from other plans.
Official website here: www.staff.pensions.ubc.ca/
Who is the CEO of University Of B C Staff Pension Plan?
Derrick Johnstone is the Executive Director, Pensions of University Of B C Staff Pension Plan.
Official website here: www.staff.pensions.ubc.ca/
What is the revenue of University Of B C Staff Pension Plan?
University Of B C Staff Pension Plan's revenue in 2022 was $220,351,811.
Official website here: www.staff.pensions.ubc.ca/
Who are the executives of University Of B C Staff Pension Plan and what are their salaries?
- Orla Cousineau- Retired August 2022 (Executive Director, Pensions)
- Derrick Johnstone-Hired July 2022 (Executive Director, Pensions)
Official website here: www.staff.pensions.ubc.ca/
Where can I find the form 990 for University Of B C Staff Pension Plan?
The University Of B C Staff Pension Plan’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.staff.pensions.ubc.ca/
Learn more at the official website: www.staff.pensions.ubc.ca/
Mission Statement of University Of B C Staff Pension Plan
The University of B C Staff Pension Plan, a Target Benefit Plan, is dedicated to ensuring its members receive pensions and other plan obligations. This nonprofit organization provides its members with retirement benefits, pre-retirement benefits, death benefits, and termination benefits. The UBC Staff Pension Plan aims to secure the financial future of its members, offering them peace of mind as they work and plan for their retirement. The organization manages expenses through payments of benefits to retirees and terminated members, while generating revenue from members' contributions and the University's contributions. Additionally, funds are transferred from other plans to support the pension plan's mission.
Impact
This information is meant to be a general summary of University Of B C Staff Pension Plan. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
The University Of B C Staff Pension Plan has a significant impact on the financial security and well-being of its members. As a Target Benefit Plan, it provides members with pensions and other plan obligations such as pre-retirement benefits, death benefits, and termination benefits. The plan helps ensure that retirees and terminated members receive payments to support them during their retirement years or in the event of unexpected circumstances. With contributions from both members and the university, the plan plays a crucial role in helping employees prepare for their future and achieve financial stability.
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.
Members' contributions
Revenue
$49,072,399
University's contributions
Revenue
$70,459,505
Transfer from Other Plans
Revenue
$74,581
Organization Details
Founding Year
1972
Phone
(604) 822-8986
Principal Officer
Derrick Johnstone
Website
www.staff.pensions.ubc.ca/
NTEE Category
Code: Y30 - Mutual benefit
If you are a representative of University Of B C Staff Pension Plan 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.