Miles & Stockbridge Health & Welfare Benefits Trust

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 203987272 ✦ Baltimore, MD ✦ Designated as a 501(c)(9)

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Overview

What is Miles & Stockbridge Health & Welfare Benefits Trust?

The Miles & Stockbridge Health & Welfare Benefits Trust is a nonprofit entity situated in Baltimore, Maryland, with an address at 100 Light Street. Its primary mission is to support the health and welfare benefit plan for employees of Miles & Stockbridge P.C., offering comprehensive coverage including hospitalization, surgery, major medical care, and various other health benefits on a self-insured basis, extending to their dependents as well. The Trust serves to financially back this health and welfare plan for the employees of Miles & Stockbridge P.C.

Is Miles & Stockbridge Health & Welfare Benefits Trust legitimate?

Miles & Stockbridge Health & Welfare Benefits Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Miles & Stockbridge Health & Welfare Benefits 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of Miles & Stockbridge Health & Welfare Benefits Trust?

The Miles & Stockbridge Health & Welfare Benefits Trust is established with the mission to finance the health and welfare benefit plan for the employees of Miles & Stockbridge P.C. This trust provides essential medical coverage, including hospitalization, surgeries, and major medical benefits, on a self-insured basis to the employees and their dependents of Miles & Stockbridge P.C., aiming to support their overall well-being.

Who is the CEO of Miles & Stockbridge Health & Welfare Benefits Trust?

Joseph Hovermill is the Trustee of Miles & Stockbridge Health & Welfare Benefits Trust.

What is the revenue of Miles & Stockbridge Health & Welfare Benefits Trust?

Miles & Stockbridge Health & Welfare Benefits Trust's revenue in 2021 was $3,764,039.

Who are the executives of Miles & Stockbridge Health & Welfare Benefits Trust and what are their salaries?


Here are 2 key members and their salaries:


Kymberli Wimbish (Trustee)
  • Compensation: $0
  • Related: $363,904
  • Other: $31,814
Joseph Hovermill (Plan Administrator)
  • Compensation: $0
  • Related: $2,243,720
  • Other: $43,970
Where can I find the form 990 for Miles & Stockbridge Health & Welfare Benefits Trust?

Miles & Stockbridge Health & Welfare Benefits Trust's most recent form 990 was submitted in 2021 and can be accessed here.

Mission Statement of Miles & Stockbridge Health & Welfare Benefits Trust

The Miles & Stockbridge Health & Welfare Benefits Trust is dedicated to fulfilling the health and welfare needs of the employees and their dependents at Miles & Stockbridge P.C. This trust serves as a vital resource, ensuring the provision of essential medical services such as hospitalization, surgery, and major medical care on a self-insured basis. By doing so, the Trust plays a significant role in safeguarding the well-being of its beneficiaries, thereby enhancing their overall quality of life.

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Impact




October, 2024

Miles & Stockbridge Health & Welfare Benefits Trust plays a vital role in enhancing the quality of life for employees of Miles & Stockbridge P.C. by providing essential health and welfare benefits. The Trust offers comprehensive coverage that includes basic hospitalization, surgical procedures, and major medical benefits, all funded on a self-insured basis. By ensuring access to healthcare resources for employees and their dependents, the Trust significantly contributes to the well-being and security of its members. This commitment to health and welfare fosters a supportive work environment, enhances employee satisfaction, and ultimately promotes retention and productivity within the organization. The Trust's impact is seen not only in the immediate health benefits provided but also in the long-term stability and morale of the workforce.




This information is meant to be a general summary of Miles & Stockbridge Health & Welfare Benefits 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.

Revenue
$3,764,039 (2021)
Expenses
$4,421,335 (2021)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2021.

  • Investment Income: $8
  • Program Service Revenue: $3,764,031
  • Gross Receipts: $3,764,039

Assets and Liabilities:

  • Total Assets: $0
  • Total Liabilities: $0
  • Net Assets: $0

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

FUNDING OF HEALTH AND

Revenue

$3,764,031

Organization Details

Founding Year

2005

Principal Officer

Joseph Hovermill

Main Address

100 LIGHT STREET, BALTIMORE, MD, 212021487

NTEE Category

Code: Y44 - Mutual benefit

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