Overview
What is Bks Employee Benefits Trust Inc?
Bks Employee Benefits Trust Inc is a nonprofit organization based in Topeka, Kansas, with the address 1133 SW Topeka Blvd, 66629. Their primary mission is to fund and manage welfare benefits plans for the employees, retirees, and their dependents. According to the information provided, they are established as an employee welfare benefit plan under the Employee Retirement Income Security Act of 1974. This means they offer various benefits such as life, sickness, and accident coverage for their members.
What are the reviews and ratings of this charity?
Bks Employee Benefits Trust Inc is not currently rated by Charity Navigator. This is due to its classification outside of the regular evaluation scope as it is not a 501(c)(3) IRS registered nonprofit. Consequently, it cannot be assessed under the Accountability & Finance, Impact & Measurement, Culture & Community, or Leadership & Adaptability methodologies typically used for nonprofit ratings.
The absence of a Charity Navigator rating does not inherently suggest either positive or negative performance. However, it underscores that certain financial and operational data, like revenue, expenses, and key personnel salaries, are unavailable. The organization operates independently without affiliation to larger organizational structures according to the information provided.
There are no user reviews available for Bks Employee Benefits Trust Inc on GreatNonprofits, which limits public insight into the nonprofit's impact or stakeholder satisfaction from a qualitative perspective. Therefore, the overall picture based on available data remains incomplete for a comprehensive assessment of the organization's performance or reputation.
This AI summary has been generated from information found on Charity Navigator.
Is Bks Employee Benefits Trust Inc legitimate?
Bks Employee Benefits Trust Inc is a legitimate nonprofit organization registered as a 501(c)(9) entity. Bks Employee Benefits Trust 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 Bks Employee Benefits Trust Inc?
BKS Employee Benefits Trust, Inc. is dedicated to setting up and managing health and welfare plans to provide various benefits for employees, retirees, and their dependents. These benefits include coverage for life, sickness, and accidents, making it an employee welfare benefit plan as defined by the Employee Retirement Income Security Act of 1974. The organization focuses on ensuring the financial security and wellbeing of its beneficiaries. The trust's mission centers around maintaining and funding these plans to provide essential benefits that enhance the overall quality of life for the people it serves.
Who is the CEO of Bks Employee Benefits Trust Inc?
Peter D Didio Jr is the President of Bks Employee Benefits Trust Inc.
What is the revenue of Bks Employee Benefits Trust Inc?
Bks Employee Benefits Trust Inc's revenue in 2022 was $33,019,265.
Who are the executives of Bks Employee Benefits Trust Inc and what are their salaries?
There 12 volunteers at Bks Employee Benefits Trust Inc.
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $408,489
- Other: $16,938
- Compensation: $0
- Related: $284,985
- Other: $34,222
- Compensation: $0
- Related: $191,770
- Other: $16,469
- Compensation: $0
- Related: $63,241
- Other: $14,210
Where can I find the form 990 for Bks Employee Benefits Trust Inc?
Bks Employee Benefits Trust Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Bks Employee Benefits Trust Inc
BKS Employee Benefits Trust, Inc. is dedicated to establishing and managing one or more health and welfare plans for the provision of life, sickness, accident, and other similar benefits. These plans fall under the Employee Retirement Income Security Act of 1974, categorizing them as employee welfare benefit plans. In simpler terms, BKS Employee Benefits Trust, Inc. works to fund and provide various welfare benefits for employees, retirees, and their dependents. The organization's primary goal is to ensure the well-being and financial security of its beneficiaries. The trust's mission is carried out by maintaining these health and welfare plans, which offer essential benefits that enhance the overall quality of life and promote a sense of security for those involved.
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Impact
October, 2024
BKS Employee Benefits Trust Inc plays a significant role in enhancing the welfare of employees, retirees, and their dependents through its focus on health and welfare benefits. By establishing and maintaining comprehensive plans for life, sickness, and accident benefits, it ensures that individuals have access to essential services and support during times of need. This initiative not only provides financial security for members but also promotes overall well-being within the community.
The Trust contributes to a more stable workforce by mitigating the financial risks associated with health-related expenses. By adhering to the frameworks set forth by the Employee Retirement Income Security Act of 1974, BKS Employee Benefits Trust Inc operates within a structured environment that prioritizes the protection and fair treatment of employees, fostering trust and encouraging loyalty.
Moreover, by functioning as a mutual benefit entity, BKS Employee Benefits Trust Inc reinforces the notion of collective support among members. This collaborative approach strengthens community ties and ensures that benefits are tailored to meet the specific needs of those it serves, ultimately leading to improved health outcomes and enhanced quality of life for its members in Topeka, Kansas and beyond.
This information is meant to be a general summary of Bks Employee Benefits Trust 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $8,925
- Program Service Revenue: $33,010,340
- Gross Receipts: $33,019,265
Assets and Liabilities:
- Total Assets: $7,483,439
- Total Liabilities: $2,651,966
- Net Assets: $4,831,473
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Employer Contributions
Revenue
$23,636,391
Formulary Rebates
Revenue
$2,400,000
Participant Contributions
Revenue
$6,973,949
Organization Details
Founding Year
2009
Phone
(785) 291-8777Principal Officer
Peter D Didio Jr
Main Address
1133 SW Topeka Blvd, Topeka, KS, 66629
NTEE Category
Code: Y43 - Mutual benefit
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