Overview
What is Kentucky School Boards Insurance Trust?
The Kentucky School Boards Insurance Trust is a non-profit organization situated in Frankfort, Kentucky, specifically at 260 Democratic Drive, 40601. Its primary function is to serve as an unemployment claims management and payment service for member Kentucky school boards and educational agencies, as well as non-profit institutions of higher education within the state. The trust's mission is to support tax-supported political subdivisions, such as schools, in managing and settling unemployment compensation claims. This nonprofit aims to provide a valuable resource and assistance to its member school districts, ensuring they can effectively handle unemployment-related matters.
Is Kentucky School Boards Insurance Trust legitimate?
Kentucky School Boards Insurance Trust is a legitimate nonprofit organization registered as a 501(c)(4) entity. Kentucky School Boards Insurance 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.
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What is the mission statement of Kentucky School Boards Insurance Trust?
The Kentucky School Boards Insurance Trust serves as a unemployment claims management and payment service for member school districts, other tax-supported educational agencies, and non-profit institutions of higher education within Kentucky. Its primary purpose is to assist these entities in handling unemployment compensation claims effectively. The Trust, administered by the Kentucky School Boards Association, aims to provide a reliable and efficient solution for managing unemployment-related issues. It acts as a support system for Kentucky boards of education, ensuring they navigate the unemployment compensation claims process smoothly.
Who is the CEO of Kentucky School Boards Insurance Trust?
Davonna Page is the President of Kentucky School Boards Insurance Trust.
What is the revenue of Kentucky School Boards Insurance Trust?
Kentucky School Boards Insurance Trust's revenue in 2022 was $7,165,748.
Who are the executives of Kentucky School Boards Insurance Trust and what are their salaries?
Here are 11 key members and their salaries:
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Where can I find the form 990 for Kentucky School Boards Insurance Trust?
Kentucky School Boards Insurance Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Kentucky School Boards Insurance Trust
Kentucky School Boards Insurance Trust, as a non-profit self-insurance trust, is dedicated to serving as an unemployment claims management and payment service for various educational entities in Kentucky. The Trust's mission is to support member school districts, other tax-supported educational agencies, and non-profit institutions of higher education within the state. By providing this service, the Trust aims to assist these entities in managing and settling unemployment compensation claims, thereby alleviating the administrative burden and potential financial strain associated with such claims. The Kentucky School Boards Association oversees this Trust, ensuring that it meets the needs of its member boards of education, serving as a valuable resource for tax-supported political subdivisions in the state.
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Impact
October, 2024
Kentucky School Boards Insurance Trust plays a crucial role in supporting member school districts and educational institutions throughout Kentucky by providing efficient unemployment claims management and payment services. By specializing in unemployment compensation claims, the Trust ensures that schools can effectively navigate the complexities of claims while minimizing the administrative burden often associated with such processes.
This service not only protects the financial interests of educational agencies but also fosters a stable environment for both staff and administrators. Through its focused mission, the Trust enhances the operational efficiency of educational entities, allowing them to allocate more resources toward student education and community development. Ultimately, the Kentucky School Boards Insurance Trust strengthens the education sector in Kentucky, promoting mutual benefit for its members and enhancing the overall quality of education in the region.
This information is meant to be a general summary of Kentucky School Boards Insurance 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: $191,077
- Program Service Revenue: $6,974,671
- Gross Receipts: $7,165,748
Assets and Liabilities:
- Total Assets: $9,195,507
- Total Liabilities: $1,247,895
- Net Assets: $7,947,612
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PREMIUMS EARNED
Revenue
$6,974,671
Organization Details
Founding Year
1978
Phone
(502) 695-4630Principal Officer
Davonna Page
Main Address
260 DEMOCRAT DR, FRANKFORT, KY, 40601
NTEE Category
Code: Y20 - Mutual benefit
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