Overview
What is Idaho Agc Self-Funded Benefit Trust?
Idaho Agc Self-Funded Benefit Trust is a nonprofit organization based in Boise, Idaho, with the address 1649 WEST SHORELINE DR 100. Its primary mission is to manage and administer health and welfare benefits for eligible employees of participating member firms within the Idaho Associated General Contractors. The trust follows the guidelines set by the Employment Retirement Income Security Act of 1974, overseeing the collection of contributions, management and investment of trust property, and reinvestment of income generated from it.
What are the reviews and ratings of this charity?
The Idaho AGC Self-Funded Benefit Trust is not currently rated by Charity Navigator. This lack of rating does not imply a negative or positive assessment but rather indicates that the nonprofit has not been evaluated by Charity Navigator's specific criteria, mainly due to its non-501(c)(3) status which is required for such evaluations.
The organization is classified independently on the IRS Business Master File, which means it does not benefit from the usual tax-exempt status and tax-deductible contribution eligibility associated with 501(c)(3) nonprofits. As a result, typical financial and operational data, such as revenue, expenses, and executive compensation, are not available, limiting the capacity to assess its financial health and transparency through traditional Charity Navigator methodologies.
Due to its status, the Trust also cannot be evaluated for its impact or governance approaches, such as Leadership & Adaptability, Culture & Community, or Impact & Measurement. This means any assessment of these elements would be purely speculative without further data. No user reviews from GreatNonprofits are available, leaving a gap in public feedback regarding its services and effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Idaho Agc Self-Funded Benefit Trust legitimate?
Idaho Agc Self-Funded Benefit Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Idaho Agc Self-Funded 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:
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What is the mission statement of Idaho Agc Self-Funded Benefit Trust?
The Idaho Agc Self-Funded Benefit Trust is designed to receive and manage contributions, as outlined by the Employment Retirement Income Security Act of 1974. Its primary mission is to hold, manage, invest, and reinvest the trust property and income derived from it. The trust plays a crucial role in providing health and welfare benefits to eligible employees of participating member firms.
Who is the CEO of Idaho Agc Self-Funded Benefit Trust?
Wayne Hammon is the Chair of Idaho Agc Self-Funded Benefit Trust.
What is the revenue of Idaho Agc Self-Funded Benefit Trust?
Idaho Agc Self-Funded Benefit Trust's revenue in 2022 was $16,244,303.
Who are the executives of Idaho Agc Self-Funded Benefit Trust and what are their salaries?
Here are 8 key members and their salaries:
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Where can I find the form 990 for Idaho Agc Self-Funded Benefit Trust?
Idaho Agc Self-Funded Benefit Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Idaho Agc Self-Funded Benefit Trust
Idaho Agc Self-Funded Benefit Trust is a trusted organization dedicated to receiving contributions and managing investments in accordance with the Employment Retirement Income Security Act of 1974. Its primary mission is to hold, manage, invest, and reinvest trust property and all income derived from these assets, ensuring the financial stability required for providing health and welfare benefits to eligible employees.
The Trust, a vital component of the Idaho AGC, channels resources and expertise to enhance the health and well-being of employees from participating member firms. Through its meticulous management of trust assets, it is able to generate the necessary revenue streams to support and deliver essential health and welfare benefits. By adhering to the regulations set forth in the Employment Retirement Income Security Act of 1974, the Idaho Agc Self-Funded Benefit Trust upholds the highest standards of financial trustworthiness and transparency.
In essence, the Trust plays a vital role in the Idaho AGC community by providing a stable financial foundation for delivering crucial health and welfare benefits to eligible employees. Its unwavering commitment to compliance with the Employment Retirement Income Security Act of 1974 instills confidence and trust among the participating member firms, ensuring a robust and reliable benefits program for their employees.
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Impact
October, 2024
Idaho Agc Self-Funded Benefit Trust plays a significant role in providing health and welfare benefits to eligible employees of member firms within the Idaho AGC framework. By managing and investing contributions in accordance with the Employment Retirement Income Security Act of 1974, the Trust ensures financial stability and growth for the funds designated for employee benefits. This approach not only supports the well-being of workers but also strengthens the participating firms by enhancing their ability to attract and retain quality employees through comprehensive benefit offerings. Overall, the Trust fosters a mutually beneficial environment for both employees and employers in the construction industry in Idaho.
This information is meant to be a general summary of Idaho Agc Self-Funded 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: $212,032
- Program Service Revenue: $16,032,271
- Gross Receipts: $17,207,823
Assets and Liabilities:
- Total Assets: $9,716,481
- Total Liabilities: $3,189,973
- Net Assets: $6,526,508
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PLAN INCOME
Revenue
$16,032,271
Organization Details
Founding Year
2008
Phone
(208) 344-2531Principal Officer
Wayne Hammon
Main Address
1649 WEST SHORELINE DR 100, BOISE, ID, 83702
NTEE Category
Code: Y43 - Mutual benefit
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