Overview
What is The Connection Inc Employee Benefit Trust?
The Connection Inc Employee Benefit Trust is a nonprofit entity based in Middletown, Connecticut. Its primary function is to serve as a funding vehicle for various benefit plans, offering death, medical, accident, retirement, and other advantages to eligible employees of The Connection, Inc. and The Connection Fund, Inc., along with their dependents. This support can be delivered through group insurance policies, annuity contracts, or alternative investment contracts, either insured or self-insured.
Is The Connection Inc Employee Benefit Trust legitimate?
The Connection Inc Employee Benefit Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. The Connection Inc Employee 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of The Connection Inc Employee Benefit Trust?
The mission of The Connection Inc Employee Benefit Trust is to serve as a funding vehicle, providing various benefits such as death, medical, accident, retirement, and other related services to eligible employees of The Connection, Inc. and The Connection Fund, Inc., along with their dependents. This is done either through group insurance policies, group annuity contracts, or other investment contracts, both on an insured or self-insured basis. The trust aims to ensure the well-being and financial security of its beneficiaries.
Who is the CEO of The Connection Inc Employee Benefit Trust?
Stephen Abshire is the Trustee of The Connection Inc Employee Benefit Trust.
What is the revenue of The Connection Inc Employee Benefit Trust?
The Connection Inc Employee Benefit Trust's revenue in 2022 was $6,583,321.
Who are the executives of The Connection Inc Employee Benefit Trust and what are their salaries?
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $340,848
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for The Connection Inc Employee Benefit Trust?
The Connection Inc Employee Benefit Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of The Connection Inc Employee Benefit Trust
The Connection Inc Employee Benefit Trust serves as a funding vehicle, providing various benefits to eligible employees of The Connection, Inc. and The Connection Fund, Inc., as well as their dependents. This nonprofit entity aims to offer a range of death, medical, accident, retirement, and other benefits to its beneficiaries. The Trust can facilitate these benefits either through group insurance policies, group annuity contracts, or other investment contracts, operating on both an insured and self-insured basis. Its primary mission is to ensure the well-being and financial security of its employees by providing them with essential benefits, thereby enhancing their overall quality of life.
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Impact
October, 2024
The Connection Inc Employee Benefit Trust plays a crucial role in enhancing the welfare of eligible employees and their dependents by providing a structured funding mechanism for a variety of benefits. By acting as a funding vehicle for health-related coverage, retirement plans, and other essential benefits, it ensures that employees of The Connection, Inc. and The Connection Fund, Inc. have access to necessary support during critical life events.
This trust offers a range of benefits, including medical, accidental, and death benefits, which help employees navigate challenges and uncertainties. Whether these benefits are delivered through group insurance policies or self-insured arrangements, the trust provides a safety net that fosters employee well-being and financial security.
Moreover, by focusing on comprehensive benefits, the trust promotes a healthier workforce and enhances employee satisfaction and retention. Its impact extends beyond individual employees, contributing to a supportive organizational culture that values the well-being of its members and their families. In this way, The Connection Inc Employee Benefit Trust embodies a commitment to mutual benefit, ensuring that employees are cared for and supported in their personal and professional lives.
This information is meant to be a general summary of The Connection Inc Employee 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: $3,245
- Program Service Revenue: $6,576,544
- Gross Receipts: $6,583,321
Assets and Liabilities:
- Total Assets: $3,091,633
- Total Liabilities: $1,582,835
- Net Assets: $1,508,798
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONTRIBUTIONS
Revenue
$6,576,544
Organization Details
Founding Year
1990
Phone
(860) 343-5500Principal Officer
Stephen Abshire
Main Address
100 ROSCOMMON DRIVE 203, MIDDLETOWN, CT, 06457
NTEE Category
Code: Y43 - Mutual benefit
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