Overview
What is Benefits Data Trust?
Benefits Data Trust is a Pennsylvania-based nonprofit organization with a workforce of 360 employees, headquartered in Philadelphia, specifically at 1500 Market Street 2800. Their mission is committed to transforming how individuals in need access essential benefits by providing direct outreach and application assistance. Since 2005, they have helped over ten billion dollars' worth of benefits be secured for people across the country, covering food, medicine, housing, and other critical assistance. Through partnerships with government agencies and various stakeholders, including healthcare plans and educational institutions, they use data to identify and reach out to individuals who may not be currently accessing the benefits and services they qualify for. Benefits Data Trust offers a free service to these individuals, connecting them with trained staff who can help complete applications for up to 21 benefits and services simultaneously, streamlining the process and eliminating redundancy. Currently, this service is provided in partnership with government agencies in seven states.
Official website here: www.bdtrust.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 96% (Four-Star out of Four Star rating)
Benefits Data Trust has achieved a high score of 96%, reflecting excellent accountability and financial management practices. The organization boasts a perfect score for its independent board members and has no reported issues concerning asset diversion. Additionally, its financial statements are well-audited, showcasing a strong commitment to transparency and governance.
In terms of financial performance, the nonprofit demonstrates a solid program expense ratio of 75.44%, indicating that a significant portion of its funds is directed toward its programs. The organization also maintains a remarkable fundraising efficiency ratio, with only $0.04 spent to raise each dollar. These metrics highlight the organization's effective use of resources to maximize impact.
While the accountability and finance aspects are outstanding, the organization's culture and community score of 83 suggests there may be areas for improvement in fostering a positive internal environment. Nonetheless, the overall ratings reflect a well-managed organization dedicated to its mission and the communities it serves.
This AI summary has been generated from information found on Charity Navigator.
Is Benefits Data Trust legitimate?
Benefits Data Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Benefits Data Trust 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: $884,366
Professional Fundraising Fees: $0
Other Salaries and Wages: $20,434,021
For more financial information, click here
Official website here: www.bdtrust.org
What is the mission statement of Benefits Data Trust?
The Benefits Data Trust is dedicated to transforming how individuals in need access essential benefits. They help people live healthier, more independent lives by creating smarter ways to access benefits and services. Since 2005, the organization has assisted people in securing over $10 billion in benefits for food, medicine, housing, and other critical assistance. They partner with government agencies and cross-section stakeholders to identify and reach out to individuals who are not currently accessing the benefits and services for which they qualify. Through their benefits centers, trained staff use proprietary software to help people complete applications for up to 21 benefits and services at once, eliminating the burden and redundancy of navigating each program separately. Their direct outreach and application assistance is currently provided in partnership with government agencies in seven states. This is a grant-funded program that is a free service to the people who call them.
Official website here: www.bdtrust.org
Who is the CEO of Benefits Data Trust?
Trooper Sanders is the Chairman of Benefits Data Trust. The CEO's salary of Benefits Data Trust is $347,869 and their total compensation is $359,001.
Official website here: www.bdtrust.org
What is the revenue of Benefits Data Trust?
Benefits Data Trust's revenue in 2022 was $45,979,280.
Official website here: www.bdtrust.org
Who are the executives of Benefits Data Trust and what are their salaries?
The average compensation at Benefits Data Trust during 2022 was $59,218. There are 360 employees at Benefits Data Trust.
Here are 21 key members and their salaries (Benefits Data Trust's CEO's salary is $347,869 and their total compensation is $359,001):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $347,869
- Related: $0
- Other: $11,132
- Compensation: $256,673
- Related: $0
- Other: $18,272
- Compensation: $214,483
- Related: $0
- Other: $8,597
- Compensation: $232,456
- Related: $0
- Other: $17,961
- Compensation: $154,718
- Related: $0
- Other: $7,054
- Compensation: $199,534
- Related: $0
- Other: $17,850
- Compensation: $216,186
- Related: $0
- Other: $16,895
- Compensation: $193,686
- Related: $0
- Other: $23,765
- Compensation: $182,332
- Related: $0
- Other: $15,599
- Compensation: $158,661
- Related: $0
- Other: $10,697
- Compensation: $153,721
- Related: $0
- Other: $21,117
Official website here: www.bdtrust.org
Where can I find the form 990 for Benefits Data Trust?
Benefits Data Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.bdtrust.org
Learn more at the official website: www.bdtrust.org
Mission Statement of Benefits Data Trust
Benefits Data Trust, a committed organization, is dedicated to transforming how individuals in need access essential benefits. The mission of this esteemed nonprofit is to help people live healthier, more independent lives by creating smarter ways to access essential benefits and services. Since its inception in 2005, Benefits Data Trust has made a significant impact, assisting people across various states in securing over $10 billion in benefits. These benefits cover crucial expenses such as food, medicine, and housing.
Benefits Data Trust partners with government agencies and cross-sector stakeholders, including healthcare plans and colleges and universities, to leverage data and identify individuals who are not currently accessing the critical benefits and services for which they qualify. When invited to connect, individuals can speak with trained staff at Benefits Data Trust's Benefits Centers. These dedicated professionals use the nonprofit's proprietary software to guide people through the application process for up to 21 benefits and services at once, streamlining the process and eliminating the burden and redundancy of navigating each program separately.
For programs in which Benefits Data Trust cannot submit the application on a person's behalf, the organization provides valuable information on how to apply. This direct outreach and application assistance is currently provided in partnership with government agencies in seven states. This grant-funded program is a free service to the people who call upon them.
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Impact
October, 2024
Benefits Data Trust has made a significant impact by transforming how individuals in need access essential benefits. Since its inception in 2005, it has facilitated the securing of over $10 billion in benefits for people across the United States, which helps with vital needs like food, medicine, and housing. By partnering with government agencies and various stakeholders such as healthcare plans and educational institutions, Benefits Data Trust utilizes data-driven approaches to identify and reach individuals who may not be accessing the benefits for which they are eligible.
The organization’s innovative outreach and application assistance streamline the process for individuals, allowing them to connect with trained staff through its Benefits Centers. Using proprietary software, these staff members assist individuals in completing applications for up to 21 different benefits and services simultaneously, significantly reducing the burden of navigating each program separately. For programs where BDT cannot submit applications, it offers clear information on how individuals can apply on their own.
Currently, direct outreach and application assistance are conducted in collaboration with government agencies in seven states. This grant-funded program operates as a free service for individuals, ensuring that they can access critical support without additional financial strain. Ultimately, Benefits Data Trust fosters healthier, more independent lives by creating smarter pathways to essential benefits and services.
This information is meant to be a general summary of Benefits Data Trust. 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: $491,574
- Program Service Revenue: $12,937,546
- Gross Receipts: $45,979,280
Assets and Liabilities:
- Total Assets: $43,423,474
- Total Liabilities: $11,722,449
- Net Assets: $31,701,025
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM SERVICES
Revenue
$12,937,546
Organization Details
Founding Year
2005
Phone
(215) 207-9100Principal Officer
Trooper Sanders
Main Address
1500 MARKET STREET 2800, PHILADELPHIA, PA, 19102
Website
www.bdtrust.orgNTEE Category
Code: B990 - Education
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