Overview
What is Professional Football Players' Instrust?
The Professional Football Players Insurance Trust is a New York City-based welfare plan acting as a voluntary employees' beneficiary association. It offers active National Football League (NFL) players life insurance, major medical, and dental coverage. The trust extends these benefits to retired players, providing them with life insurance, prescription drugs, assisted living, Medicare supplemental insurance, spinal treatment, and assistance for obtaining necessary joint replacement surgeries. The trust manages the payment of medical claims and insurance premiums.
Is Professional Football Players' Instrust legitimate?
Professional Football Players' Instrust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Professional Football Players' Instrust 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
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What is the mission statement of Professional Football Players' Instrust?
The Professional Football Players' Instrust functions as a Voluntary Employees' Beneficiary Association (VEBA) welfare plan. It offers active NFL players essential benefits such as life insurance, major medical and dental coverage. The VEBA extends its support to retired players, providing them with life insurance, prescription drugs, assisted living, Medicare supplemental insurance, spinal treatment, and assistance in obtaining medically necessary joint replacement surgeries.
Who is the CEO of Professional Football Players' Instrust?
Edward Mcguire is the Trustee of Professional Football Players' Instrust.
What is the revenue of Professional Football Players' Instrust?
Professional Football Players' Instrust's revenue in 2022 was $139,553,066.
Who are the executives of Professional Football Players' Instrust and what are their salaries?
Here are 2 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Professional Football Players' Instrust?
Professional Football Players' Instrust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Professional Football Players' Instrust
Professional Football Players' Instrust, often referred to as the VEBA Welfare Plan, is a unique organization that caters to the well-being of National Football League (NFL) players. This voluntary employees' beneficiary association offers comprehensive coverage to active NFL players, including life insurance, major medical, and dental services. The VEBA goes above and beyond for retired players as well, providing them with essential benefits such as life insurance, prescription drugs, assisted living, Medicare supplemental insurance, spinal treatment, and assistance with obtaining necessary joint replacement surgeries. In essence, the VEBA acts as a safety net, ensuring that retired NFL players have access to vital health resources throughout their post-career years. The organization's commitment to supporting both active and retired players is a testament to its dedication to the wellbeing and long-term care of professional football players.
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Impact
October, 2024
The Professional Football Players' Insurance Trust significantly enhances the well-being of both active and retired NFL players through a comprehensive welfare plan. By providing essential benefits such as life insurance, major medical, and dental coverage, the Trust safeguards players' health and financial stability during and after their careers. This support is crucial in a profession where injuries are common and health concerns can arise long after retirement.
For active players, the Trust ensures access to vital medical services and treatments, addressing immediate health needs and promoting overall well-being. For retired players, it offers a safety net that includes life insurance, prescription drugs, assisted living, and supplementary Medicare insurance. Additionally, the Trust assists with spinal treatments and helps players obtain necessary surgeries, such as joint replacements, which are often essential for maintaining a good quality of life post-career.
Operating in New York City, the Trust's programs alleviate financial burdens related to medical claims and insurance premiums, allowing athletes to focus on recovery and quality care without the added stress of navigating complex healthcare systems. Ultimately, the Professional Football Players' Insurance Trust plays a pivotal role in ensuring that players receive the care and support they need, fostering a healthier and more secure future for those who dedicate their lives to the sport.
This information is meant to be a general summary of Professional Football Players' Instrust. 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.
- Program Service Revenue: $139,553,066
- Gross Receipts: $139,553,066
Assets and Liabilities:
- Total Assets: $48,265,255
- Total Liabilities: $4,948,990
- Net Assets: $43,316,265
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBER CONTRIBUTIONS
Revenue
$123,342,898
COBRA CONTRIBUTIONS
Revenue
$16,210,168
Organization Details
Founding Year
1968
Phone
(212) 450-2000Principal Officer
Edward Mcguire
Main Address
345 PARK AVENUE, NEW YORK, NY, 10154
NTEE Category
Code: Y40 - Mutual benefit
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