Fringe Benefit Plan For Dbra Employees Of Central Specialties Inc

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

EIN: 266821787 ✦ Alexandria, MN ✦ Designated as a 501(c)(9)

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Overview

What is Fringe Benefit Plan For Dbra Employees Of Central Specialties Inc?

The Fringe Benefit Plan for Dbra Employees of Central Specialties Inc is a voluntary employees' beneficiary association (VEBA) designed to offer medical care and other qualified welfare benefits to eligible employees, their spouses, and dependents. This nonprofit plan, specifically tailored for the employees of Central Specialties, Inc., under the Davis-Bacon and Related Acts (DBRA), aims to provide essential healthcare and related benefits to its members.

Is Fringe Benefit Plan For Dbra Employees Of Central Specialties Inc legitimate?

Fringe Benefit Plan For Dbra Employees Of Central Specialties Inc is a legitimate nonprofit organization registered as a 501(c)(9) entity. Fringe Benefit Plan For Dbra Employees Of Central Specialties Inc 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 Fringe Benefit Plan For Dbra Employees Of Central Specialties Inc?

The Fringe Benefit Plan for DBRA Employees of Central Specialties Inc is established with the mission to provide medical care and various other qualified welfare benefits. This plan is designed to cater to eligible employees, their spouses, and dependents. The primary objective of this plan is to enhance the overall well-being of the employees by offering necessary healthcare services and additional benefits. The plan aims to contribute positively to the employees' lives, ensuring they can navigate their health needs effectively. The plan also ensures that eligible beneficiaries have access to essential welfare benefits, thereby promoting their overall well-being.

Who is the CEO of Fringe Benefit Plan For Dbra Employees Of Central Specialties Inc?

Ross Larson is the Trustee of Fringe Benefit Plan For Dbra Employees Of Central Specialties Inc.

What is the revenue of Fringe Benefit Plan For Dbra Employees Of Central Specialties Inc?

Fringe Benefit Plan For Dbra Employees Of Central Specialties Inc's revenue in 2022 was $2,324,908.

Who are the executives of Fringe Benefit Plan For Dbra Employees Of Central Specialties Inc and what are their salaries?


Here are 2 key members and their salaries:


Ross Larson (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joe Minnerath (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Fringe Benefit Plan For Dbra Employees Of Central Specialties Inc?

Fringe Benefit Plan For Dbra Employees Of Central Specialties Inc's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Fringe Benefit Plan For Dbra Employees Of Central Specialties Inc

The Fringe Benefit Plan for DBRA Employees of Central Specialties Inc, as a Voluntary Employees' Beneficiary Association (VEBA), is committed to providing medical care and qualifying welfare benefits for its eligible employees, their spouses, and dependents. This plan's primary mission is to ensure the well-being and health of its workforce, catering to their medical needs and offering additional welfare benefits. The organization aims to enhance the overall quality of life for its employees, recognizing their importance to Central Specialties Inc.

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Impact




October, 2024

The Fringe Benefit Plan for DBRA Employees of Central Specialties Inc plays a significant role in enhancing the welfare of eligible employees and their families. By providing access to medical care and other qualified welfare benefits, the plan helps ensure that employees and their dependents can maintain their health and well-being. This support can reduce the financial burden associated with healthcare expenses, allowing employees to focus more on their work and less on financial stress.

Moreover, by fostering a healthier workforce, the plan contributes to greater employee satisfaction and retention. Employees are more likely to feel valued and secure in their positions when they know they have access to vital benefits. This can lead to improved morale and productivity within the organization.

Additionally, the plan's alignment with the Davis-Bacon and Related Acts emphasizes its commitment to providing fair and adequate benefits to those employed in construction and related industries. By maintaining compliance with these regulations, it also strengthens the integrity and reputation of Central Specialties Inc in the industry, potentially attracting more skilled workers who seek such beneficial programs.

Overall, the Fringe Benefit Plan is a crucial element in supporting the health and financial stability of employees, fostering a positive work environment, and ensuring compliance with industry standards.




This information is meant to be a general summary of Fringe Benefit Plan For Dbra Employees Of Central Specialties Inc. 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
$2,324,908 (2022)
Expenses
$2,193,533 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $10,158
  • Program Service Revenue: $2,314,750
  • Gross Receipts: $2,324,908

Assets and Liabilities:

  • Total Assets: $3,197,098
  • Total Liabilities: $29,126
  • Net Assets: $3,167,972

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Programs

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

EMPLOYER CONTRIBUTIONS

Revenue

$2,255,945

EMPLOYEE CONTRIBUTIONS

Revenue

$58,805

Organization Details

Founding Year

2009

Principal Officer

Ross Larson

Main Address

6325 COUNTY ROAD 87 SW, ALEXANDRIA, MN, 56308

NTEE Category

Code: Y43 - Mutual benefit

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