American Greetings Corp Welfare Benefit Tr-Post Retirement Med Ben

Organization Overview

American Greetings Corp Welfare Benefit Tr-Post Retirement Med Ben is located in Brooklyn, OH. The organization was established in 2004. 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. American Greetings Corp Welfare Benefit Tr-Post Retirement Med Ben is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.

For the year ending 02/2022, American Greetings Corp Welfare Benefit Tr-Post Retirement Med Ben generated $4.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.6% each year. All expenses for the organization totaled $6.1m during the year ending 02/2022. While expenses have increased by 0.1% 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

2022

Describe the Organization's Mission:

Part 3 - Line 1

THE TRUST HEREUNDER HAS BEEN FORMED FOR THE PURPOSE OF FUNDING THE PLAN AND ANY BENEFIT PROGRAMS WHICH THE COMPANY, AMERICAN GREETINGS CORPORATION, DESIGNATES FOR INCLUSION IN THE PLAN. IT IS THE INTENTOF THE COMPANY AND THE TRUSTEE THAT THE TRUST FUND BE ADMINISTERED IN ACCORDANCE WITH THE TERMS OF THE PLAN, EXCEPT AS OTHERWISE EXPRESSLY PROVIDED IN THIS AGREEMENT. THE COMPANY ESTABLISHED THIS TRUST IN ORDER TO FACILITATE ADMINISTRATION OF THE PLAN AND TO PROVIDE EMPLOYEES WITH A GREATER SENSE OF WELFARE BENEFIT UPON RETIREMENT.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PAYMENTS ARE MADE ON BEHALF OF RETIREES, AND THEIR DEPENDENTS WHICH PROVIDE FOR LIFE, SICKNESS,ACCIDENT, DISABILITY, AND OTHER SIMILAR BENEFITS.


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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$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$2,668,405
Investment income $438,016
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$82,618
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $4,255,520

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