Opta Opsrp Benefit Trust Fund

Co Loophole & Associates

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

EIN: 207444380 ✦ Buffalo, NY ✦ Designated as a 501(c)(9)

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Overview

What is Opta Opsrp Benefit Trust Fund?

Opta Opsrp Benefit Trust Fund is a nonprofit organization situated in Buffalo, New York, with the address 722 Center Road. The primary function of this trust is to manage funds that are set aside to offer various benefits to its participating members. These benefits are provided throughout the year, ensuring continuous support for its members. The trust's key offerings include dental, flexible, and 105H medical benefits, aimed at enhancing the health and well-being of its eligible participants. The trust operates under the name co Loophole & Associates, a business entity associated with its operations.

Is Opta Opsrp Benefit Trust Fund legitimate?

Opta Opsrp Benefit Trust Fund is a legitimate nonprofit organization registered as a 501(c)(9) entity. Opta Opsrp Benefit Trust Fund 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: $5,500
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of Opta Opsrp Benefit Trust Fund?

The Opta Opsrp Benefit Trust Fund is dedicated to providing dental, flex, and 105H medical benefits to eligible participants, ensuring they have access to essential health care services throughout the year. The trust's mission is centered around maintaining and managing funds specifically for dispensing these benefits to its participating members. In essence, the Opta Opsrp Benefit Trust Fund serves as a reliable source for healthcare support, catering to the dental, flexible spending, and medical needs of its qualified beneficiaries.

Who is the CEO of Opta Opsrp Benefit Trust Fund?

Jim Waack is the President of Opta Opsrp Benefit Trust Fund.

What is the revenue of Opta Opsrp Benefit Trust Fund?

Opta Opsrp Benefit Trust Fund's revenue in 2023 was $1,744,268.

Who are the executives of Opta Opsrp Benefit Trust Fund and what are their salaries?


Here are 6 key members and their salaries:


Jim Waack (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Pete Kalenik (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rebecca Overton (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Albert Jafarjian (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Majorie Kaczmarek (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Janet Stadey (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Opta Opsrp Benefit Trust Fund?

Opta Opsrp Benefit Trust Fund's most recent form 990 was submitted in 2023 and can be accessed here.

Mission Statement of Opta Opsrp Benefit Trust Fund

Opta Opsrp Benefit Trust Fund is committed to providing dental, flex, and 105H medical benefits to eligible participants. This trust serves as a valuable resource for its members, offering them access to essential healthcare services throughout the year. By holding funds in trust, Opta Opsrp Benefit Trust Fund is able to extend these benefits to its participating members, ensuring they have the necessary support for their health needs. The mission of Opta Opsrp Benefit Trust Fund is to enhance the well-being of its members by providing comprehensive and reliable healthcare benefits.

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Impact




October, 2024

Opta Opsrp Benefit Trust Fund significantly enhances the well-being of its eligible participants by providing essential dental, flex, and 105H medical benefits throughout the year. By holding funds in trust, it ensures that members have access to necessary healthcare services, contributing to their overall health and financial security. This mutual benefit approach fosters a supportive community, allowing participants to focus on their well-being without the added stress of medical expenses. The fund's impact is reflected in improved health outcomes and quality of life for its members in Buffalo, NY, and beyond.




This information is meant to be a general summary of Opta Opsrp Benefit Trust Fund. 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
$1,744,268 (2023)
Expenses
$1,253,182 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $31,381
  • Program Service Revenue: $1,684,949
  • Gross Receipts: $1,744,268

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.

Employee contributions

Revenue

$283,456

Employer contributions

Revenue

$1,401,493

Organization Details

Founding Year

2007

Principal Officer

Jim Waack

Main Address

725 Center Road, Buffalo, NY, 14224

NTEE Category

Code: Y43 - Mutual benefit

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