Overview
What is Nba Players' Health And Welfare Benefit Plan?
The Nba Players' Health and Welfare Benefit Plan is a nonprofit organization that provides health-related benefits to eligible current and former National Basketball Association (NBA) players and their families. Based in North Chesterfield, Virginia, the plan offers reimbursement accounts for qualifying health expenses under IRS rules. By pursuing this service, NBA players and their eligible dependents can access various health and welfare benefits as outlined by the organization's eligibility rules.
Is Nba Players' Health And Welfare Benefit Plan legitimate?
Nba Players' Health And Welfare Benefit Plan is a legitimate nonprofit organization registered as a 501(c)(9) entity. Nba Players' Health And Welfare Benefit 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 Nba Players' Health And Welfare Benefit Plan?
The NBA Players' Health and Welfare Benefit Plan offers health and welfare benefits to eligible current and former National Basketball Association players, their spouses, and dependent family members. The mission of this plan is to provide essential benefits in accordance with the eligibility rules for each benefit. Specifically, it offers Health Reimbursement Accounts (HRAs) that cover qualifying health-related expenses as per Internal Revenue Service (IRS) guidelines. This beneficial arrangement ensures that NBA players and their families receive needed assistance in managing their health care costs.
Who is the CEO of Nba Players' Health And Welfare Benefit Plan?
G Arrick N Aaron is the Principal Officer of Nba Players' Health And Welfare Benefit Plan.
What is the revenue of Nba Players' Health And Welfare Benefit Plan?
Nba Players' Health And Welfare Benefit Plan's revenue in 2022 was $60,099,104.
Who are the executives of Nba Players' Health And Welfare Benefit Plan and what are their salaries?
Here are 6 key members and their salaries:
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Where can I find the form 990 for Nba Players' Health And Welfare Benefit Plan?
Nba Players' Health And Welfare Benefit Plan's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Nba Players' Health And Welfare Benefit Plan
The Nba Players' Health and Welfare Benefit Plan is a specialized organization dedicated to providing eligible current and former National Basketball Association (NBA) players and their families with essential health and welfare benefits. In line with its mission, the Plan offers a range of benefits to those who meet the eligibility criteria for each program.
More specifically, the Plan ensures that eligible NBA players and their dependents have access to health reimbursement accounts (HRAs) designed to cover various health-related expenses that fall under Internal Revenue Service (IRS) guidelines. These HRAs provide financial assistance to the beneficiaries in managing their health care costs, offering them peace of mind and improved access to necessary medical services.
By offering HRAs, the Nba Players' Health and Welfare Benefit Plan plays a crucial role in supporting the well-being of NBA players and their families, ensuring they have the resources needed to maintain their health and overall quality of life. The organization's commitment to providing these benefits demonstrates its dedication to the well-being and long-term health of the NBA community.
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Impact
October, 2024
The NBA Players' Health and Welfare Benefit Plan significantly impacts the health and well-being of current and former NBA players, as well as their families. By providing essential health and welfare benefits, the plan helps alleviate the financial burden associated with healthcare costs. Eligible participants can access Health Reimbursement Accounts (HRAs), enabling them to cover various health-related expenses that meet IRS guidelines. This assistance can improve players' overall health outcomes, facilitate access to necessary medical services, and support their families during and after their basketball careers. The plan underscores the commitment to mutual benefit, ensuring that those who have dedicated their careers to the game receive the support they need to navigate health challenges effectively.
This information is meant to be a general summary of Nba Players' Health And Welfare Benefit 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 2022.
- Investment Income: $15,940,671
- Program Service Revenue: $44,158,433
- Gross Receipts: $291,140,018
Assets and Liabilities:
- Total Assets: $330,388,781
- Total Liabilities: $523,638
- Net Assets: $329,865,143
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
NBA TEAMS CONTRIBUTIONS
Revenue
$40,170,593
SELF-PAY CONTRIBUTIONS
Revenue
$3,987,840
Organization Details
Founding Year
2004
Phone
(804) 718-6092Principal Officer
G Arrick N Aaron
Main Address
CO ALIGHT 1025 BOULDERS PWY 405, NORTH CHESTERFIELD, VA, 232255549
NTEE Category
Code: Y40 - Mutual benefit
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