Overview
What is Community College Employees Benefit Trust?
The Community College Employees Benefit Trust is a nonprofit organization that offers financial assistance to retired beneficiaries. It reimburses eligible retirees for health insurance premiums and qualified medical expenses they have covered personally, in the current plan year, 122 such individuals received reimbursements. The Trust's primary mission is to provide financial relief to retired employees, helping them manage their healthcare expenses post-retirement.
Is Community College Employees Benefit Trust legitimate?
Community College Employees Benefit Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Community College Employees Benefit 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.
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What is the mission statement of Community College Employees Benefit Trust?
The Community College Employees Benefit Trust's primary role is to offer reimbursements to retired beneficiaries for their health insurance premiums and eligible medical expenses they have personally covered. In the recent plan year, this trust has provided such reimbursements to 142 eligible retirees. Essentially, the trust serves as a financial aid for retired individuals, helping them manage their healthcare costs post-retirement.
Who is the CEO of Community College Employees Benefit Trust?
Jeffery R Lloyd is the Chairman of Community College Employees Benefit Trust.
What is the revenue of Community College Employees Benefit Trust?
Community College Employees Benefit Trust's revenue in 2022 was $1,806,258.
Who are the executives of Community College Employees Benefit Trust and what are their salaries?
Here are 4 key members and their salaries:
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Where can I find the form 990 for Community College Employees Benefit Trust?
Community College Employees Benefit Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Community College Employees Benefit Trust
The Community College Employees Benefit Trust is an organization committed to offering reimbursements to retired beneficiaries. Specifically, it covers the costs of health insurance premiums and qualified medical expenses that the beneficiaries pay out of their own pockets. In the current plan year, this trust has extended financial assistance to 142 eligible retirees, helping them manage their healthcare expenses. By providing these reimbursements, the Community College Employees Benefit Trust plays a significant role in supporting the health and financial well-being of its retired beneficiaries.
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Impact
October, 2024
The Community College Employees Benefit Trust plays a vital role in supporting retirees by alleviating the financial burden associated with healthcare costs. By providing reimbursements for health insurance premiums and qualified medical expenses, the Trust enables retired beneficiaries to maintain their health and well-being without the added stress of overwhelming expenses.
In the current plan year, 142 eligible retirees benefited from these reimbursements, showcasing the Trust's significant impact on the community. This assistance not only enhances the quality of life for individuals in retirement but also reinforces the commitment to mutual support among community college employees. The proactive approach of the Trust helps ensure that retirees can access necessary medical care and services, promoting a healthier, more secure lifestyle in their post-employment years.
This information is meant to be a general summary of Community College Employees Benefit 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: $1,043,272
- Program Service Revenue: $762,986
- Gross Receipts: $5,689,804
Assets and Liabilities:
- Total Assets: $13,475,901
- Total Liabilities: $10,013
- Net Assets: $13,465,888
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTIONS
Revenue
$410,522
PARTICIPANT CONTRIBUTIONS
Revenue
$352,464
Organization Details
Founding Year
2004
Phone
(833) 468-4659Principal Officer
Jeffery R Lloyd
Main Address
12121 HARBOUR REACH DR 105, MUKILTEO, WA, 98275
NTEE Category
Code: Y43 - Mutual benefit
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