Sandoz Corporation Veba Master Trust

Organization Overview

Sandoz Corporation Veba Master Trust is located in East Hanover, NJ. The organization was established in 1973. According to its NTEE Classification (Y43) the organization is classified as: Voluntary Employees Beneficiary Associations (Non-Government), under the broad grouping of Mutual & Membership Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sandoz Corporation Veba Master Trust is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.

For the year ending 12/2021, Sandoz Corporation Veba Master Trust generated $8.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.3% each year. All expenses for the organization totaled $3.9m during the year ending 12/2021. While expenses have increased by 4.7% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE FOR EMPLOYEE BENEFITS

Describe the Organization's Program Activity:

Part 3 - Line 4a

LUMP SUM DEATH BENEFITS


SURVIVOR INCOME BENEFIT INSURANCE PAYMENT


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Board, Officers & Key Employees

Name (title)Compensation
Otto Horstman
Board Administration
$0
David Epstein
Board Administration
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$2,891,874
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$2,891,874
Total Program Service Revenue$0
Investment income $601,340
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $4,758,874
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $8,252,088

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