Merck & Co Inc Union Veba Tr

Organization Overview

Merck & Co Inc Union Veba Tr, operating under the name Merck & Co Inc, is located in Rahway, NJ. The organization was established in 1993. 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. Merck & Co Inc 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, Merck & Co Inc generated $1.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (35.3%) each year. All expenses for the organization totaled $12.2m during the year ending 12/2021. 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

THE MERCK CO., INC. UNION VEBA TRUST FUNDS CERTAIN RETIREE MEDICAL BENEFITS IN ACCORDANCE WITH THE TERMS OF THE MERCK RETIREE MEDICAL PLAN FOR CERTAIN FORMER UNION EMPLOYEES AND THEIR ELIGIBLE DEPENDENTS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE MERCK CO., INC. UNION VEBA TRUST THE TRUST FUNDS CERTAIN RETIREE MEDICAL BENEFITS IN ACCORDANCE WITH THE TERMS OF THE MERCK RETIREE MEDICAL PLAN FOR CERTAIN FORMER UNION EMPLOYEES OF MERCK SHARP DOHME CORP. WHO ARE CONSIDERED ELIGIBLE LEGACY MERCK RETIREES AND THEIR ELIGIBLE DEPENDENTS. FUNDING OF BENEFITS PROVIDED UNDER THE MERCK RETIREE MEDICAL PLAN FOR RETIREES OF MERCK AND ITS SUBSIDIARIES CONSTITUTES ALL OF THE ACTIVITIES OF THE TRUST.


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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$1,394,908
Investment income $837
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $1,416
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,397,857

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