Overview
What is New Hampshire Bankers Association Insurance Trust?
The New Hampshire Bankers Association Insurance Trust is a nonprofit organization, specifically based in Concord, New Hampshire. Its primary mission is to secure various insurance benefit programs, such as life, accidental death and dismemberment (AD&D), health, and dental plans, for its member banks. By pooling resources, the trust offers these benefits to its 14 members at rates lower than they could obtain individually, thus benefiting approximately 1070 participants as of December 31, 2022. The trust acts as a collective entity, providing its members with cost-effective insurance solutions to safeguard their interests.
Official website here: www.nhbankers.com
Is New Hampshire Bankers Association Insurance Trust legitimate?
New Hampshire Bankers Association Insurance Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. New Hampshire Bankers Association Insurance Trust 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.nhbankers.com
What is the mission statement of New Hampshire Bankers Association Insurance Trust?
The New Hampshire Bankers Association Insurance Trust is established with the primary objective of obtaining various insurance benefit programs, such as life, accidental death and dismemberment, health, and dental plans, at reduced rates for its members. This is achieved by pooling resources, enabling the Trust to negotiate favorable rates that may not be attainable individually. As of December 31, 2022, the Trust extends insurance benefits to 14 member institutions, covering approximately 1070 participants.
Official website here: www.nhbankers.com
What is the revenue of New Hampshire Bankers Association Insurance Trust?
New Hampshire Bankers Association Insurance Trust's revenue in 2023 was $8,474,963.
Official website here: www.nhbankers.com
Who are the executives of New Hampshire Bankers Association Insurance Trust and what are their salaries?
There 6 volunteers at New Hampshire Bankers Association Insurance Trust.
Here are 8 key members and their salaries:
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- Related: $201,351
- Other: $38,965
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- Related: $142,950
- Other: $63,815
Official website here: www.nhbankers.com
Where can I find the form 990 for New Hampshire Bankers Association Insurance Trust?
New Hampshire Bankers Association Insurance Trust's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.nhbankers.com
Learn more at the official website: www.nhbankers.com
Mission Statement of New Hampshire Bankers Association Insurance Trust
The New Hampshire Bankers Association Insurance Trust is committed to securing a variety of insurance benefit programs, including life, AD&D, health, and dental, for its members. By leveraging its collective power, the Trust is able to offer these benefits at rates that are lower than what individual members could secure on their own. As of December 31, 2022, the Trust extends insurance benefits to 14 member organizations, covering a total of approximately 1070 participants.
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Impact
October, 2024
New Hampshire Bankers Association Insurance Trust significantly enhances the financial security of its members by providing access to various insurance benefit programs, including life, accidental death and dismemberment (AD&D), health, and dental insurance. By pooling resources, the Trust enables 14 member institutions to secure coverage for approximately 1,070 participants at rates that are more favorable than those available to them individually. This collective approach not only reduces costs but also simplifies the process of obtaining essential insurance benefits, ultimately contributing to the overall well-being of the banking community in New Hampshire. The Trust's offerings allow members to focus on their core operations, knowing that their employees are supported with robust insurance options.
This information is meant to be a general summary of New Hampshire Bankers Association Insurance Trust. Please take the time to review official sources before making any decisions based upon the content provided here.
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 2023.
- Investment Income: $35,776
- Program Service Revenue: $8,439,187
- Gross Receipts: $8,474,963
Assets and Liabilities:
- Total Assets: $1,555,012
- Total Liabilities: $400,258
- Net Assets: $1,154,754
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
GROSS PREMIUM INCOME
Revenue
$8,439,187
Organization Details
Founding Year
1950
Principal Officer
Kristy Merrill
Website
www.nhbankers.comNTEE Category
Code: Y40 - Mutual benefit
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