Copolymer Retirees Trust

Organization Overview

Copolymer Retirees Trust is located in Baton Rouge, LA. The organization was established in 2007. 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. Copolymer Retirees Trust is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.

For the year ending 08/2022, Copolymer Retirees Trust generated $151.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (52.5%) each year. All expenses for the organization totaled $1.6m during the year ending 08/2022. 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 WAS SET-UP AND INITIALLY FUNDED BY DSM COPOLYMER INC. TO ASSUME THE LIABILITIES FROM IT FOR MEDICAL AND LIFE INSURANCE FOR ITS RETIREES BENEFICIARIES AND DEPENDENTS AND NOW INCLUDES A VOLUNTARY PARTICIPANT FUNDED DENTAL BENEFIT. THE VEBA SERVICES 330 PARTICIPANTS AS OF AUGUST 31 2022.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE MAJOR ACCOMPLISHMENTS OF THE PROGRAM SERVICES IS TO DELIVER QUALITY HEALTHCARE BENEFITS PHARMACY BENEFITS AND LIFE INSURANCE FOR RETIREES OF THE SPONSOR COMPANY.


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Board, Officers & Key Employees

Name (title)Compensation
George A Von Bodungen
Chairman Of The Board
$0
Ralph A Joffrion
Board Member
$0
Albert H Bacas
Board Member
$0
Shirley Cowart
Board Member
$0
Edward Richardson
Board Member
$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$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$750,046
Investment income -$598,757
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $151,289

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