Overview
What is Bank Of America Short Term Disability Trust?
The Bank of America Short Term Disability Trust is a nonprofit organization designed to offer short-term disability benefits to its participants. By mitigating earnings disruptions, this trust provides essential financial support during times of temporary incapacity. Protecting participants from earning power interruptions is the primary mission of the trust.
Is Bank Of America Short Term Disability Trust legitimate?
Bank Of America Short Term Disability Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Bank Of America Short Term Disability 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 Bank Of America Short Term Disability Trust?
The Bank of America Short Term Disability Trust is dedicated to providing short-term disability benefits, safeguarding participants from financial losses caused by interruptions in their earning power. Through this trust, individuals can receive financial support during times when they are unable to work due to illness or injury. The trust's primary objective is to deliver essential financial assistance, enabling participants to focus on their recovery and wellbeing without the added stress of financial concerns. By providing short-term disability benefits, the trust plays a vital role in ensuring financial stability for those facing unexpected interruptions in their income.
Who is the CEO of Bank Of America Short Term Disability Trust?
Bank Of America N A is the Trustee of Bank Of America Short Term Disability Trust.
What is the revenue of Bank Of America Short Term Disability Trust?
Bank Of America Short Term Disability Trust's revenue in 2022 was $112,905,601.
Who are the executives of Bank Of America Short Term Disability Trust and what are their salaries?
There is 1 key member and their salary:
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Bank Of America Short Term Disability Trust?
Bank Of America Short Term Disability Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Bank Of America Short Term Disability Trust
The Bank of America Short Term Disability Trust is a mission-driven organization dedicated to providing essential short-term disability benefits for those in need. By protecting participants against interruptions in their earning power, the Trust offers a vital safety net during times of hardship.
This nonprofit trust ensures that individuals can maintain their financial stability despite unexpected health issues or injuries. In doing so, it allows them to focus on recovery and well-being instead of worrying about their livelihood. The Bank of America Short Term Disability Trust plays a crucial role in shielding participants from the financial consequences of a disability, enabling them to regain their footing and rejoin the workforce once they are able.
The Bank of America Short Term Disability Trust's mission is centered around safeguarding participants' financial future during periods of temporary disability. By providing short-term financial assistance, the Trust empowers individuals to manage their living expenses, reduce stress, and focus on their recovery without the added burden of financial instability. The organization's commitment to its mission is unwavering, offering peace of mind and security to those in need.
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Impact
October, 2024
The Bank of America Short Term Disability Trust plays a crucial role in safeguarding individuals during challenging times when they experience short-term disabilities. By providing financial support, it helps protect participants against interruptions in their earning power, allowing them to focus on recovery rather than financial strain. This protection is essential for individuals who may face unexpected health issues or accidents that hinder their ability to work.
With this support, participants can maintain a level of financial stability, ensuring they can cover essential expenses and household needs while they recuperate. The trust's mission directly impacts the well-being of its beneficiaries, helping to reduce stress and anxiety associated with lost income. In doing so, it fosters a sense of security and peace of mind during difficult periods, ultimately contributing to a healthier community overall.
This information is meant to be a general summary of Bank Of America Short Term Disability 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: $74,001
- Program Service Revenue: $112,831,600
- Gross Receipts: $112,905,601
Assets and Liabilities:
- Total Assets: $7,949,000
- Total Liabilities: $0
- Net Assets: $7,949,000
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTIONS
Revenue
$112,831,600
Organization Details
Founding Year
2015
Phone
(888) 866-3275Principal Officer
Bank Of America N A
Main Address
PO BOX 653067, DALLAS, TX, 752653067
NTEE Category
Code: Y43 - Mutual benefit
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