Overview
What is City Of Coeur D Alene Employee Benefits Trust?
The City of Coeur d'Alene Employee Benefits Trust is a nonprofit organization established to provide optional healthcare benefits to the employees of the City of Coeur d'Alene. The benefits are funded through contributions from both the city and its employees, following approval from the State of Idaho Department of Insurance in December 2019. The trust operates through an irrevocable trust fund, in accordance with the terms set forth in Chapter 40, Title 41, of the Idaho Code. The plan and trust fund are managed and administered by trustees through a separate entity, ensuring the funds are held in trust for the benefit of eligible employees and their dependents. The activities of the trust are fully dedicated to providing healthcare benefits to the employees of the City of Coeur d'Alene and their dependents, with the plan initiated on January 1, 2020.
Official website here: www.cdaid.org
Is City Of Coeur D Alene Employee Benefits Trust legitimate?
City Of Coeur D Alene Employee Benefits Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. City Of Coeur D Alene Employee Benefits 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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Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.cdaid.org
What is the mission statement of City Of Coeur D Alene Employee Benefits Trust?
The City of Coeur d'Alene Employee Benefits Trust was established with a mission to provide healthcare coverage for its employees through a self-funded healthcare benefit plan. This plan was approved by the State of Idaho Department of Insurance in December 2019 and is funded through contributions from both the city and its employees. The funds are managed and administered by trustees through a separate entity, and all contributions are held in an irrevocable trust fund for the benefit of eligible employees and their dependents. The activities of the trust are entirely dedicated to providing healthcare benefits to the employees of the City of Coeur d'Alene and their dependents. The plan was initiated on January 1, 2020.
Official website here: www.cdaid.org
Who is the CEO of City Of Coeur D Alene Employee Benefits Trust?
Melissa Tosi is the Board Chair of City Of Coeur D Alene Employee Benefits Trust.
Official website here: www.cdaid.org
What is the revenue of City Of Coeur D Alene Employee Benefits Trust?
City Of Coeur D Alene Employee Benefits Trust's revenue in 2022 was $5,696,325.
Official website here: www.cdaid.org
Who are the executives of City Of Coeur D Alene Employee Benefits Trust and what are their salaries?
There 5 volunteers at City Of Coeur D Alene Employee Benefits Trust.
Here are 5 key members and their salaries:
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Official website here: www.cdaid.org
Where can I find the form 990 for City Of Coeur D Alene Employee Benefits Trust?
City Of Coeur D Alene Employee Benefits Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.cdaid.org
Learn more at the official website: www.cdaid.org
Mission Statement of City Of Coeur D Alene Employee Benefits Trust
The City of Coeur d'Alene Employee Benefits Trust was established with a mission to provide healthcare coverage for its employees through a self-funded healthcare benefit plan. This plan, approved by the State of Idaho Department of Insurance in December 2019, is funded through contributions from both the city and its employees. The funds are held in an irrevocable trust fund, in accordance with the terms set forth in Chapter 40, Title 41, of the Idaho Code. The plan and the trust fund are managed and administered by trustees through an entity independent of the City of Coeur d'Alene. The activities of the trust are entirely dedicated to providing healthcare benefits to the employees of the city and their dependents. The City of Coeur d'Alene Employee Benefits Trust's mission is to ensure the well-being of its employees by providing them with comprehensive healthcare coverage.
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Impact
October, 2024
The City of Coeur d'Alene Employee Benefits Trust significantly impacts the healthcare coverage available to city employees and their dependents through a self-funded healthcare benefit plan. Established in December 2019 and initiated on January 1, 2020, the Trust operates with contributions from both the city and its employees, ensuring a stable source of funding for healthcare benefits.
By utilizing an irrevocable trust fund, the Trust adheres to the standards set forth in Idaho's legislative framework, specifically Chapter 40, Title 41, of the Idaho Code. This structure not only provides a clear governance model but also ensures that all funds contribute directly to the welfare of eligible employees and their dependents. The Trust is managed by independent trustees, who maintain a fiduciary responsibility to safeguard these funds, thereby enhancing transparency and accountability.
With the Trust's focus solely on delivering healthcare benefits, employees gain access to necessary medical services, fostering improved overall health and well-being. This attention to healthcare not only supports individual employees but also contributes to a more resilient workforce for the City of Coeur d'Alene, ultimately enhancing productivity and job satisfaction. The Trust's commitment to providing comprehensive healthcare benefits reflects a dedicated effort to mutual benefit, aligning the interests of employees with those of the city.
This information is meant to be a general summary of City Of Coeur D Alene Employee Benefits 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: $8,110
- Program Service Revenue: $5,463,146
- Gross Receipts: $5,696,325
Assets and Liabilities:
- Total Assets: $3,216,593
- Total Liabilities: $905,797
- Net Assets: $2,310,796
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYEE/ER CONTRIBUTIONS
Revenue
$5,463,146
Organization Details
Founding Year
2020
Phone
(208) 769-2225Principal Officer
Melissa Tosi
Main Address
710 MULLAN AVENUE, COEUR DALENE, ID, 83814
Website
www.cdaid.orgNTEE Category
Code: Y44 - Mutual benefit
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