Boa Retiree Trust-Bac Medical

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

EIN: 306599079 ✦ Dallas, TX ✦ Designated as a 501(c)(9)

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Overview

What is Boa Retiree Trust-Bac Medical?

Boa Retiree Trust-Bac Medical is a Dallas, Texas-based nonprofit organization with a mission to extend essential health and welfare benefits to eligible retirees and their eligible dependents. Established in Dallas, the organization is dedicated to providing important services and support for retirees, ensuring their wellbeing and peace of mind.

Is Boa Retiree Trust-Bac Medical legitimate?

Boa Retiree Trust-Bac Medical is a legitimate nonprofit organization registered as a 501(c)(9) entity. Boa Retiree Trust-Bac Medical 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 Boa Retiree Trust-Bac Medical?

Boa Retiree Trust-Bac Medical is a non-profit organization dedicated to extending health and welfare benefits to eligible retirees and their dependents. Through its mission, the trust seeks to enhance the lives of retirees by providing them with essential services and support. The organization's primary focus is on ensuring that retirees can access the care they need to live a comfortable and secure post-career life. The trust's benefits encompass various aspects of wellbeing, providing retirees with peace of mind and a sense of security. The trust's commitment to its mission not only improves the lives of retirees but also brings relief and reassurance to their families.

Who is the CEO of Boa Retiree Trust-Bac Medical?

Bank Of America N A is the Trustee of Boa Retiree Trust-Bac Medical.

What is the revenue of Boa Retiree Trust-Bac Medical?

Boa Retiree Trust-Bac Medical's revenue in 2022 was $208,432,444.

Who are the executives of Boa Retiree Trust-Bac Medical and what are their salaries?


There is 1 key member and their salary:


Bank Of America N A (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Boa Retiree Trust-Bac Medical?

Boa Retiree Trust-Bac Medical's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Boa Retiree Trust-Bac Medical

Boa Retiree Trust-Bac Medical is a mission-driven organization dedicated to extending essential health and welfare benefits to eligible retirees and their dependents. In simple terms, this Dallas-based nonprofit aims to enhance the quality of life for retirees by providing them with crucial benefits that contribute significantly to their well-being.

The Boa Retiree Trust-Bac Medical team is committed to making a difference in the lives of those who have devoted their careers to various industries. By offering a range of health and welfare benefits, this nonprofit seeks to alleviate the financial burdens often associated with retirement and ensure that retirees and their dependents can focus on their health and overall well-being.

In practice, Boa Retiree Trust-Bac Medical acts as a safety net for retirees, offering them the security and peace of mind that comes with knowing they have access to essential benefits. Through its mission, it strives to promote a sense of dignity and independence among retirees, enabling them to live their golden years with comfort and confidence.

The organization's unwavering dedication to its cause is evident in its commitment to providing eligible retirees and their dependents with the care and support they need to thrive. Boa Retiree Trust-Bac Medical's mission serves as a vital reminder of the importance of caring for our retirees and ensuring they have access to the resources they need to enjoy their retirement years to the fullest.

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Impact




October, 2024

Boa Retiree Trust-Bac Medical significantly impacts the lives of eligible retirees and their dependents by offering vital health and welfare benefits. Based in Dallas, Texas, this organization focuses on ensuring that former employees have access to necessary medical support, which can alleviate financial burdens associated with healthcare. By providing these benefits, Boa Retiree Trust-Bac Medical enhances the quality of life for retirees, promoting both physical and mental well-being.

Moreover, the organization's work fosters a sense of security and community among retirees, as they can rely on these resources during their retirement phase. This commitment to supporting former employees contributes to a broader social safety net, helping retirees manage health-related expenses and maintain their independence. In essence, Boa Retiree Trust-Bac Medical plays a crucial role in honoring the contributions of retirees by safeguarding their health and welfare needs.




This information is meant to be a general summary of Boa Retiree Trust-Bac Medical. 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
$208,432,444 (2022)
Expenses
$218,861,752 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $1,377,214
  • Program Service Revenue: $207,055,230
  • Gross Receipts: $208,432,444

Assets and Liabilities:

  • Total Assets: $106,944,445
  • Total Liabilities: $0
  • Net Assets: $106,944,445

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Programs

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

EMPLOYEE CONTRIBUTIONS

Revenue

$207,055,230

Organization Details

Founding Year

2017

Principal Officer

Bank Of America N A

Main Address

PO BOX 653067, DALLAS, TX, 752653067

NTEE Category

Code: Y43 - Mutual benefit

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