Overview
What is Major League Baseball Players Welfare Plan?
The Major League Baseball Players Welfare Plan is a nonprofit organization dedicated to providing essential benefits to eligible participants and their dependents, in accordance with a Collective Bargaining Agreement (CBA). The organization offers medical and prescription drug coverage, dental, vision, life insurance, and accidental death & dismemberment benefits, enhancing the wellbeing of those involved in Major League Baseball.
What are the reviews and ratings of this charity?
The Major League Baseball Players Welfare Plan is not currently rated by Charity Navigator. Charity Navigator ratings are based on various beacon scores, focusing on Accountability & Finance and potentially Impact & Measurement. However, this organization cannot be evaluated under these beacons as it is not a 501(c)(3) IRS registered nonprofit. The absence of a rating from Charity Navigator does not explicitly convey a positive or negative view of the organization.
Historically, ratings for similar nonprofits primarily reflected their Accountability and Finance scores, without addressing Leadership & Adaptability, Culture & Community, or tangible impacts. For this particular welfare plan, detailed financial data regarding total revenue, expenses, and salaries of key personnel are not available, which can limit comprehensive insights into its organizational strengths and financial health.
Furthermore, since the Major League Baseball Players Welfare Plan is an independent entity with no group affiliations, recognizing its initiatives or operational scope remains challenging without publicly available data. As there are no user reviews on GreatNonprofits, further subjective insights from beneficiaries or stakeholders are unavailable.
This AI summary has been generated from information found on Charity Navigator.
Is Major League Baseball Players Welfare Plan legitimate?
Major League Baseball Players Welfare Plan is a legitimate nonprofit organization registered as a 501(c)(9) entity. Major League Baseball Players Welfare Plan 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.
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What is the mission statement of Major League Baseball Players Welfare Plan?
The Major League Baseball Players Welfare Plan is committed to providing essential benefits to eligible participants and their dependents. These benefits include medical and prescription drug coverage, dental services, vision care, life insurance, and accidental death & dismemberment protection. The plan is established under the collective bargaining agreement (CBA) and aims to ensure the well-being of MLB players by offering these comprehensive benefits. The benefits are designed to support the health and financial security of the players and their families.
What is the revenue of Major League Baseball Players Welfare Plan?
Major League Baseball Players Welfare Plan's revenue in 2024 was $101,516,098.
Who are the executives of Major League Baseball Players Welfare Plan and what are their salaries?
Here are 13 key members and their salaries:
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Where can I find the form 990 for Major League Baseball Players Welfare Plan?
Major League Baseball Players Welfare Plan's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of Major League Baseball Players Welfare Plan
Major League Baseball Players Welfare Plan, a valuable organization, is dedicated to ensuring the wellbeing of eligible participants and their dependents. Through a Collective Bargaining Agreement (CBA), this plan provides essential benefits, including medical and prescription drug coverage, dental care, vision services, life insurance, and accidental death and dismemberment benefits. The primary goal is to enhance the quality of life for those associated with Major League Baseball by offering comprehensive health and financial security solutions. By providing these benefits, the Players Welfare Plan strives to support the long-term health and wellness of the baseball community, enabling them to focus on their passions both on and off the field.
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Impact
October, 2024
The Major League Baseball Players Welfare Plan significantly impacts the lives of eligible participants and their dependents by providing essential benefits such as medical and prescription drug coverage, dental and vision care, life insurance, and accidental death and dismemberment benefits. This comprehensive support system addresses the healthcare needs and financial security of players, ensuring they can access vital services during and after their careers in baseball.
By offering these benefits, the plan promotes overall well-being and peace of mind for players and their families, fostering a healthier and more secure environment. The inclusion of coverage for dependents further extends this safety net, highlighting a commitment to the family unit, which is crucial for the personal lives of athletes. This initiative plays a pivotal role in the player's welfare, alleviating stress associated with health and financial matters, thereby allowing players to focus on their performance and career longevity. Ultimately, the plan reinforces the mutual benefits for players and the league, facilitating a more supportive and resilient community within professional baseball.
This information is meant to be a general summary of Major League Baseball Players Welfare Plan. 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 2024.
- Investment Income: $2,992,098
- Program Service Revenue: $99,380,044
- Gross Receipts: $296,159,098
Assets and Liabilities:
- Total Assets: $102,987,499
- Total Liabilities: $7,700,516
- Net Assets: $95,286,983
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTIONS
Revenue
$64,300,000
PARTICIPANT CONTRIBUTIONS
Revenue
$35,080,044
Organization Details
Founding Year
1957
Principal Officer
Stephen Rogerspat Houlihan
NTEE Category
Code: Y40 - Mutual benefit
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