Overview
What is Midwest Business Group On Health?
The Midwest Business Group On Health, based in Chicago, Illinois, is a nonprofit organization with a primary focus on education and scientific research. Specifically, they concentrate on the effects and implications of employer-sponsored health care benefit plans and health improvement programs. Their activities encompass organizing conferences and events to discuss evolving laws and medical reimbursement, educating members on how to optimize healthcare expenditures when purchasing different insurance plans (value purchasing), and keeping participants informed about relevant healthcare industry developments (consumer information). The corporation, with a workforce of nine individuals, is dedicated to enhancing the understanding and utilization of health benefits within the corporate sector.
Official website here: www.mbgh.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96%, Four-Star out of Four Star rating.
The Midwest Business Group On Health has achieved an impressive score of 96%, reflecting strong performance in accountability and finance. This rating is significant as it indicates the organization operates with a high level of transparency and responsibility in its financial management. The score is derived entirely from the Accountability & Finance beacon, ensuring that donors can trust the organization's use of funds.
Strengths of the Midwest Business Group On Health include a fully independent board and excellent financial oversight. With 100% of its board members being independent and a strong audit and oversight committee in place, the organization demonstrates a commitment to ethical governance. Additionally, the organization maintains a solid program expense ratio of 75.81%, indicating that a significant portion of its budget directly supports its programs.
There are no noted limitations in the data provided, which emphasizes the organization's effectiveness and responsible stewardship of resources. Overall, the Midwest Business Group On Health stands out as a reliable nonprofit dedicated to improving healthcare business practices, making it a commendable choice for potential donors.
This AI summary has been generated from information found on Charity Navigator.
Is Midwest Business Group On Health legitimate?
Midwest Business Group On Health is a legitimate nonprofit organization registered as a 501(c)(3) entity. Midwest Business Group On Health 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: $200,806
Professional Fundraising Fees: $0
Other Salaries and Wages: $481,393
For more financial information, click here
Official website here: www.mbgh.org
What is the mission statement of Midwest Business Group On Health?
The Midwest Business Group On Health operates with an educational and scientific focus, primarily exploring the implications and consequences of employer-sponsored health care benefit plans and health improvement programs. Their mission revolves around promoting knowledge and understanding in this field, organizing conferences, and inviting speakers to discuss legal changes, medical reimbursement, and related topics. They also offer value purchasing education, guiding businesses on how to maximize their health care dollars when purchasing different health insurance plans. Furthermore, the group provides consumer information, keeping participants informed about health care matters and updates on relevant health care industry changes.
Official website here: www.mbgh.org
Who is the CEO of Midwest Business Group On Health?
Cheryl Larson is the Board President of Midwest Business Group On Health.
Official website here: www.mbgh.org
What is the revenue of Midwest Business Group On Health?
Midwest Business Group On Health's revenue in 2022 was $1,544,698.
Official website here: www.mbgh.org
Who are the executives of Midwest Business Group On Health and what are their salaries?
The average compensation at Midwest Business Group On Health during 2022 was $75,800. There are 9 employees and 22 volunteers at Midwest Business Group On Health.
Here are 18 key members and their salaries:
- Compensation: $200,806
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.mbgh.org
Where can I find the form 990 for Midwest Business Group On Health?
Midwest Business Group On Health's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.mbgh.org
Learn more at the official website: www.mbgh.org
Mission Statement of Midwest Business Group On Health
Midwest Business Group On Health, functioning solely for educational and scientific purposes, focuses its activities on the implications and consequences of employer-sponsored health care benefit plans and health improvement programs. The organization's mission is centered around exploring these topics, aiming to provide valuable insights and guidance for businesses and individuals involved in these areas.
In line with its mission, Midwest Business Group On Health hosts conferences and educational events, inviting experts to discuss various changes in law, medical reimbursement, and related topics. The corporation also offers value purchasing workshops, teaching participants how to maximize their health care dollars when purchasing different health insurance plans. Additionally, Midwest Business Group On Health provides consumer information, keeping participants informed about health care matters and offering general updates on relevant changes in the health care industry. By doing so, the organization aims to empower businesses and individuals to make informed decisions about their health care benefits and improve their overall health care experiences.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
The Midwest Business Group On Health significantly influences the healthcare landscape by focusing on the role of employers in sponsoring health care benefit plans and health improvement programs. Through educational initiatives and conferences, it empowers organizations to navigate changes in laws and medical reimbursement policies, enabling them to make informed decisions about their health plans.
By promoting value purchasing strategies, the organization teaches businesses how to maximize their healthcare dollars when acquiring various health insurance options. It also educates participants about critical health care matters and provides updates on relevant industry changes, ensuring that employers and their employees are informed and engaged.
This work not only fosters a deeper understanding of the complexities of health care benefits but also encourages more effective partnerships between employers, employees, and healthcare providers, ultimately leading to improved health outcomes and cost efficiencies within the employer-sponsored health care system. Based in Chicago, Illinois, the Midwest Business Group On Health plays a vital role in shaping the future of health care sponsorship and consumer awareness.
This information is meant to be a general summary of Midwest Business Group On Health. 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: $17,323
- Program Service Revenue: $816,134
- Gross Receipts: $2,033,864
Assets and Liabilities:
- Total Assets: $1,655,835
- Total Liabilities: $708,546
- Net Assets: $947,289
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONFERENCE MEETINGS
Revenue
$780,234
PARTICIPATION AND PROJECT FEES
Revenue
$35,900
Organization Details
Founding Year
1980
Phone
(312) 372-9090Principal Officer
Cheryl Larson
Main Address
211 S Clark STE 2749, Chicago, IL, 60604
Website
www.mbgh.orgNTEE Category
Code: E00 - Health
If you are a representative of Midwest Business Group On Health and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.