Merchant Industry Fund Group Insurance Trust

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

EIN: 237219510 ✦ Scottsdale, AZ ✦ Designated as a 501(c)(9)

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Overview

What is Merchant Industry Fund Group Insurance Trust?

Merchant Industry Fund Group Insurance Trust is a nonprofit organization situated in Scottsdale, Arizona. Their primary mission is to offer group insurance and individual health plans, as well as various other healthcare benefits, to employees, retirees, and members belonging to specific participating subscriber groups within certain industries. The trust's primary objective is to provide continued benefits to its plan participants and their beneficiaries, ensuring financial security and healthcare well-being for its members.

Is Merchant Industry Fund Group Insurance Trust legitimate?

Merchant Industry Fund Group Insurance Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Merchant Industry Fund Group Insurance 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 Merchant Industry Fund Group Insurance Trust?

The Merchant Industry Fund Group Insurance Trust is established with the primary purpose of providing benefits, specifically group and individual insurance plans, as well as other healthcare benefits, for individuals involved in specific industries. The fund aims to cater to the needs of employees, retirees, and members within participating subscriber groups. The trust's objective is to ensure the provision of comprehensive healthcare benefits for its participants and their beneficiaries.

Who is the CEO of Merchant Industry Fund Group Insurance Trust?

Michael Brady is the Principal Officer of Merchant Industry Fund Group Insurance Trust.

What is the revenue of Merchant Industry Fund Group Insurance Trust?

Merchant Industry Fund Group Insurance Trust's revenue in 2023 was $11,671,263.

Who are the executives of Merchant Industry Fund Group Insurance Trust and what are their salaries?


There is 1 key member and their salary:


Premier Trust (Trustee)
  • Compensation: $1,500
  • Related: $0
  • Other: $0
Where can I find the form 990 for Merchant Industry Fund Group Insurance Trust?

Merchant Industry Fund Group Insurance Trust's most recent form 990 was submitted in 2023 and can be accessed here.

Mission Statement of Merchant Industry Fund Group Insurance Trust

Merchant Industry Fund Group Insurance Trust is established with the primary objective of offering group and individual insurance plans, as well as various healthcare benefits, to individuals associated with specific industries. The trust fund's sole purpose is to provide these benefits to plan participants and their beneficiaries. The organization operates with a mission to offer comprehensive insurance solutions and healthcare benefits to employees, retirees, and members belonging to participating subscriber groups.

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Impact




October, 2024

Merchant Industry Fund Group Insurance Trust provides essential healthcare benefits and insurance coverage for employees, retirees, and members within specific subscriber groups. By focusing on offering group and individual insurance plans, the Trust ensures that individuals in targeted industries have access to the necessary resources and support for their health and well-being. This initiative significantly alleviates financial burdens related to healthcare, promoting overall community health and security. By fulfilling its mission, the Trust plays a crucial role in enhancing the quality of life for its participants and their beneficiaries in Scottsdale, AZ, and beyond.




This information is meant to be a general summary of Merchant Industry Fund Group Insurance 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
$11,671,263 (2023)
Expenses
$11,782,912 (2023)
Efficiency

Other financial information:

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

  • Investment Income: $4,166
  • Program Service Revenue: $11,667,097
  • Gross Receipts: $11,671,263

Assets and Liabilities:

  • Total Assets: $1,333,056
  • Total Liabilities: $701,841
  • Net Assets: $631,215

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Programs

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

INSURANCE PREMIUMS

Revenue

$11,667,097

Organization Details

Founding Year

1972

Principal Officer

Michael Brady

Main Address

18700 N HAYDEN RD 390, SCOTTSDALE, AZ, 85255

NTEE Category

Code: Y40 - Mutual benefit

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