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 not tax deductible.
Here 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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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.
Impact
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.
Thursday, August 15, 2024
The NBA Players' Health And Welfare Benefit Plan has a significant impact on the health and well-being of eligible current and former NBA players, as well as their spouses and eligible dependents. By providing health reimbursement accounts (HRAs) that cover health-related costs qualified under IRS rules, the Plan ensures that these individuals have access to necessary healthcare services and support.
This initiative plays a crucial role in safeguarding the physical and financial health of NBA players and their families, highlighting the organization's commitment to supporting the welfare of its members. The provision of health and welfare benefits not only helps alleviate the financial burden associated with healthcare expenses but also contributes to promoting overall wellness and ensuring the longevity of those involved in the sport.
Ultimately, the NBA Players' Health And Welfare Benefit Plan's impact extends beyond just providing benefits; it underscores the importance of prioritizing the health and well-being of athletes and their loved ones, thereby fostering a sense of security and support within the NBA community.
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.
- Assets and Liabilities:
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) 718-6092
Principal 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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