Overview
What is Somers Faculty Association Trust Fund?
The Somers Faculty Association Trust Fund is a nonprofit organization based in Wallingford, Connecticut. With a focus on offering comprehensive benefits, they provide medical, dental, and vision care coverage to 285 enrollees. In addition, they extend group life and accidental death & dismemberment insurance coverage to their members and their immediate families when applicable. The organization's mission is to ensure that its plan enrollees have access to essential healthcare services, further enhancing their overall well-being.
Is Somers Faculty Association Trust Fund legitimate?
Somers Faculty Association Trust Fund is a legitimate nonprofit organization registered as a 501(c)(9) entity. Somers Faculty Association Trust Fund 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: $23,529
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Somers Faculty Association Trust Fund?
The Somers Faculty Association Trust Fund's mission is centered around providing comprehensive insurance coverage to its enrollees. This includes dental, vision, and flexible medical benefits for a total of 285 individuals. In addition to these health-related coverages, the Trust Fund also offers group life and accidental death and dismemberment insurance. This insurance coverage extends to the immediate family of the enrollees, where applicable.
Who is the CEO of Somers Faculty Association Trust Fund?
Monica Manko-Schmidt is the President of Somers Faculty Association Trust Fund.
What is the revenue of Somers Faculty Association Trust Fund?
Somers Faculty Association Trust Fund's revenue in 2022 was $451,580.
Who are the executives of Somers Faculty Association Trust Fund and what are their salaries?
Here are 6 key members and their salaries:
- Compensation: $9,766
- Related: $0
- Other: $0
- Compensation: $6,037
- Related: $0
- Other: $0
- Compensation: $3,468
- Related: $0
- Other: $0
- Compensation: $2,866
- Related: $0
- Other: $0
- Compensation: $696
- Related: $0
- Other: $0
- Compensation: $696
- Related: $0
- Other: $0
Where can I find the form 990 for Somers Faculty Association Trust Fund?
Somers Faculty Association Trust Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Somers Faculty Association Trust Fund
The Somers Faculty Association Trust Fund is a nonprofit organization with a mission to provide essential health coverage for its enrollees and their immediate families. Specifically, it offers dental, vision, and flexible medical coverage, ensuring that individuals under this plan have access to necessary healthcare services. Additionally, the Trust Fund extends group life and accidental death and dismemberment insurance coverage to its enrollees, providing an extra layer of security in case of unforeseen circumstances. With a focus on comprehensive healthcare benefits, the Somers Faculty Association Trust Fund aims to safeguard the well-being of its 285 enrollees.
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Impact
October, 2024
The Somers Faculty Association Trust Fund significantly enhances the well-being of its members and their families by providing flexible medical, dental, and vision care benefits to 285 plan enrollees. By offering comprehensive coverage options, the Trust Fund ensures that individuals can access necessary healthcare services without financial strain. This support extends to immediate family members where applicable, fostering a healthier and more secure environment for all covered. Additionally, the Trust Fund includes group life and accidental death and dismemberment insurance, further safeguarding members against unforeseen circumstances. Overall, the impact of the Trust Fund promotes health security, peace of mind, and a strong sense of community among its participants in Wallingford, CT.
This information is meant to be a general summary of Somers Faculty Association Trust Fund. 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 2022.
- Investment Income: $1,770
- Program Service Revenue: $449,810
- Gross Receipts: $451,580
Assets and Liabilities:
- Total Assets: $487,639
- Total Liabilities: $100,949
- Net Assets: $386,690
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONTRIBUTIONS - BOARD OF EDUCATION
Revenue
$446,310
CONTRIBUTIONS - MEMBERS
Revenue
$3,500
Organization Details
Founding Year
1979
Phone
(203) 269-7741Principal Officer
Monica Manko-Schmidt
Main Address
PO Box 5817, Wallingford, CT, 064926717
NTEE Category
Code: Y40 - Mutual benefit
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