Overview
What is Ohio School Boards Association Insurance Trust?
The Ohio School Boards Association Insurance Trust is a nonprofit organization situated in Columbus, Ohio. Their primary mission is to assist school districts in obtaining various insurance products at favorable rates. They accomplish this by pooling the purchasing power of multiple districts, thereby offering competitive group term life, voluntary life, accidental death & dismemberment, and voluntary disability insurance options to school district employees. By doing so, the Trust plays a significant role in safeguarding the well-being of these employees.
Official website here: www.ohioschoolboards.org
Is Ohio School Boards Association Insurance Trust legitimate?
Ohio School Boards Association Insurance Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Ohio School Boards Association 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.
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
Official website here: www.ohioschoolboards.org
What is the mission statement of Ohio School Boards Association Insurance Trust?
The Ohio School Boards Association Insurance Trust's mission, in its active period, was to assist school districts in obtaining insurance products at favorable rates by pooling their purchasing power. The trust provided a variety of insurance options to school district employees, such as group term life, voluntary life, accidental death & dismemberment, and voluntary disability. Currently, the trust is no longer active.
Official website here: www.ohioschoolboards.org
Who is the CEO of Ohio School Boards Association Insurance Trust?
Richard C Lewis is the Trustee of Ohio School Boards Association Insurance Trust.
Official website here: www.ohioschoolboards.org
What is the revenue of Ohio School Boards Association Insurance Trust?
Ohio School Boards Association Insurance Trust's revenue in 2022 was $29,333.
Official website here: www.ohioschoolboards.org
Who are the executives of Ohio School Boards Association Insurance Trust and what are their salaries?
There 2 volunteers at Ohio School Boards Association Insurance Trust.
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $270,348
- Other: $98,097
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.ohioschoolboards.org
Where can I find the form 990 for Ohio School Boards Association Insurance Trust?
Ohio School Boards Association Insurance Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ohioschoolboards.org
Learn more at the official website: www.ohioschoolboards.org
Mission Statement of Ohio School Boards Association Insurance Trust
The Ohio School Boards Association Insurance Trust, often abbreviated as OSBAIT, was established with a mission to aid school districts in obtaining insurance products at favorable rates. By pooling their purchasing power, these school districts could benefit from competitive pricing for a variety of insurance products, such as group term life, voluntary life, accidental death and dismemberment, and voluntary disability. This initiative allowed schools to provide comprehensive insurance coverage to their employees, ensuring financial security and peace of mind. The Trust's mission was instrumental in helping school districts manage their insurance needs effectively. However, as of the provided information, it appears that the OSBAIT is currently inactive.
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Impact
October, 2024
Ohio School Boards Association Insurance Trust significantly impacts school districts by facilitating access to a range of insurance products at favorable rates. By pooling the purchasing power of member districts, the Trust enhances their ability to procure essential insurance coverage, including group term life, voluntary life, accidental death and dismemberment, and voluntary disability insurance.
This collaboration allows school districts to secure more competitive premiums than they might obtain independently, ultimately supporting their financial stability and risk management strategies. The provision of diverse insurance options also plays a vital role in protecting the well-being of school district employees and their families.
While the Trust is currently inactive, its mission highlights the ongoing importance of collective bargaining and resource sharing among educational institutions to maximize their benefits and minimize costs.
This information is meant to be a general summary of Ohio School Boards Association 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: $29,333
- Gross Receipts: $80,846
Assets and Liabilities:
- Total Assets: $823,782
- Total Liabilities: $3,609
- Net Assets: $820,173
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Organization Details
Founding Year
1969
Phone
(614) 540-4000Principal Officer
Richard C Lewis
Main Address
8050 N HIGH ST 100, COLUMBUS, OH, 432356481
Website
www.ohioschoolboards.orgNTEE Category
Code: Y44 - Mutual benefit
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