Overview
What is Small Business Aid Inc?
Small Business Aid Inc, based in Shipshewana, Indiana, is a voluntary mutual aid plan specifically catering to Amish employers and business owners. The nonprofit's primary mission is to alleviate the financial burden of medical expenses incurred due to workplace accidents and specified losses. This plan, exclusive to the Amish community, does not cover illnesses related to these occupations and is not available to non-Amish employees or employers. It operates in compliance with the Workers Compensation Act of Indiana. With a focus on mutual aid and support, Small Business Aid Inc provides a safety net for its members during times of need.
Is Small Business Aid Inc legitimate?
Small Business Aid Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Small Business Aid 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.
Here are some key statistics you may want to consider:
Executive Compensation: $56,160
Professional Fundraising Fees: $0
Other Salaries and Wages: $23,377
For more financial information, click here
Mission Statement of Small Business Aid Inc
Small Business Aid Inc, a voluntary mutual aid plan, is specifically designed to assist Amish employers and businesses. The organization's mission is to alleviate the financial burden of medical expenses that arise due to workplace accidents or specified losses. This mutual aid plan operates on the principle of shared responsibility, allowing Amish business owners to pool their resources and provide support to one another during these challenging times. It's important to note that this plan does not cover illnesses caused by these occupations. Membership is restricted to Amish employers and business owners, and it does not extend to employees or employers who are not of the Amish faith. Additionally, the plan does not cover medical expenses for individuals receiving benefits from workers' compensation. This initiative aims to comply with the Workers' Compensation Act of Indiana, as outlined in IC 22-3-5-4.
Impact
This information is meant to be a general summary of Small Business Aid Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Small Business Aid Inc's impact lies in providing a crucial safety net for Amish employers and business owners facing medical expenses resulting from workplace accidents or specified losses. This voluntary mutual aid plan serves to share the financial burdens of such incidents within the Amish community. By offering support tailored to the unique needs of the Amish faith, Small Business Aid Inc enables members to navigate unexpected challenges without compromising their beliefs.
Furthermore, by adhering to specific criteria set out by the Workers Compensation Act of Indiana, Small Business Aid Inc ensures compliance with legal requirements while offering a targeted solution for its members. Through this initiative, the organization contributes directly to the well-being and stability of the Amish community in Shipshewana, IN, ultimately fostering a sense of security and support among its members.
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 2021.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ALTERNATIVE WC REVENUE
Revenue
$3,337,662
Organization Details
Founding Year
2009
Principal Officer
Freeman Miller
Main Address
PO BOX 187, SHIPSHEWANA, IN, 46565
NTEE Category
Code: S43 - Community improvement
If you are a representative of Small Business Aid Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.