Overview
What is Highmark Inc Voluntary Employees'Beneficiary Association?
Highmark Inc. Voluntary Employees' Beneficiary Association is a 501(c)(9) trust, established with an irrevocable nature, situated in Pittsburgh, Pennsylvania. This nonprofit organization's primary purpose is to provide financial support for medical and life benefits to eligible employees within the corporation and its subsidiaries. The trust is committed to ensuring the well-being of its employees, offering them necessary coverage during their employment.
Is Highmark Inc Voluntary Employees'Beneficiary Association legitimate?
Highmark Inc Voluntary Employees'Beneficiary Association is a legitimate nonprofit organization registered as a 501(c)(9) entity. Highmark Inc Voluntary Employees'Beneficiary Association 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: $94,560
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Highmark Inc Voluntary Employees'Beneficiary Association?
The Highmark Inc Voluntary Employees' Beneficiary Association is established as an irrevoable 501(c)(9) trust with the primary objective of providing funding for medical and life benefits to eligible employees of the corporation and its subsidiaries. The association's mission is centered around ensuring the well-being and financial security of its employees by offering necessary medical and life benefits. This non-profit entity serves as a safety net, providing essential support during challenging times.
Who is the CEO of Highmark Inc Voluntary Employees'Beneficiary Association?
John Orner is the Trustee of Highmark Inc Voluntary Employees'Beneficiary Association.
What is the revenue of Highmark Inc Voluntary Employees'Beneficiary Association?
Highmark Inc Voluntary Employees'Beneficiary Association's revenue in 2022 was $7,074,014.
Who are the executives of Highmark Inc Voluntary Employees'Beneficiary Association and what are their salaries?
There is 1 key member and their salary:
- Compensation: $94,560
- Related: $0
- Other: $0
Where can I find the form 990 for Highmark Inc Voluntary Employees'Beneficiary Association?
Highmark Inc Voluntary Employees'Beneficiary Association's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Highmark Inc Voluntary Employees'Beneficiary Association
Highmark Inc. Voluntary Employees' Beneficiary Association is established as an irrevocable 501(c)(9) trust with a specific mission. This nonprofit organization aims to provide funding for medical and life benefits for eligible employees of the corporation and its subsidiaries. By establishing this trust, Highmark Inc. Voluntary Employees' Beneficiary Association ensures that its employees have access to essential benefits, enhancing their overall well-being and security. The trust serves as a safety net, providing financial assistance during times of medical emergencies or other life-altering events, thereby supporting the workforce and their families.
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Impact
October, 2024
Highmark Inc Voluntary Employees' Beneficiary Association plays a crucial role in supporting the financial well-being of eligible employees by providing a structured way to fund medical and life benefits. This irrevocable trust ensures that employees of Highmark and its subsidiaries have access to essential health and life insurance resources. By alleviating some of the financial burdens associated with medical costs and life coverage, the association prioritizes the welfare of its workforce, contributing to a more secure and supportive work environment.
The funding model of the association not only benefits individuals but also strengthens the overall morale and stability of the organization. Employees can feel more confident and valued, knowing that their health and life needs are being proactively addressed. Ultimately, this commitment to employee benefits fosters loyalty and may enhance retention, allowing Highmark to cultivate a dedicated and engaged workforce.
This information is meant to be a general summary of Highmark Inc Voluntary Employees'Beneficiary Association. 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: $6,485,167
- Program Service Revenue: $588,847
- Gross Receipts: $24,484,021
Assets and Liabilities:
- Total Assets: $247,078,748
- Total Liabilities: $575,946
- Net Assets: $246,502,802
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
VOLUNTARY EMPLOYEES' BENEFICIARY ASSOCIATION
Revenue
$588,847
FUNDING
Organization Details
Founding Year
1998
Phone
(412) 544-6668Principal Officer
John Orner
Main Address
120 Fifth Ave TAX, Pittsburgh, PA, 15222
NTEE Category
Code: Y40 - Mutual benefit
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