Oklahoma Gas & Electric Company Medical Benefit Tr

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

EIN: 364054466 ✦ Oklahoma city, OK ✦ Designated as a 501(c)(9)

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Overview

What is Oklahoma Gas & Electric Company Medical Benefit Tr?

Oklahoma Gas & Electric Company Medical Benefit Trust is a nonprofit organization that offers medical benefits to its members. It accomplishes this by distributing funds to cover and settle their health-related claims throughout the specified calendar year. This trust serves as a vital resource for its members, providing necessary financial assistance in managing their healthcare expenses.

Is Oklahoma Gas & Electric Company Medical Benefit Tr legitimate?

Oklahoma Gas & Electric Company Medical Benefit Tr is a legitimate nonprofit organization registered as a 501(c)(9) entity. Oklahoma Gas & Electric Company Medical Benefit Tr 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: $8,080
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of Oklahoma Gas & Electric Company Medical Benefit Tr?

The Oklahoma Gas and Electric Company Medical Benefit Trust is dedicated to providing medical benefits to its members. This is achieved by setting aside funds to cover and settle their claims throughout the relevant calendar year. The trust's primary goal is to ensure that its members have access to necessary medical care during this period. By disbursing funds to cover medical expenses, the trust aims to alleviate financial burdens associated with healthcare for its members. The Oklahoma Gas and Electric Company Medical Benefit Trust serves as a vital resource for its members, providing them with the medical support they need.

Who is the CEO of Oklahoma Gas & Electric Company Medical Benefit Tr?

Gena Perry is the Institutional Trustee of Oklahoma Gas & Electric Company Medical Benefit Tr.

What is the revenue of Oklahoma Gas & Electric Company Medical Benefit Tr?

Oklahoma Gas & Electric Company Medical Benefit Tr's revenue in 2022 was $6,615,746.

Who are the executives of Oklahoma Gas & Electric Company Medical Benefit Tr and what are their salaries?


There is 1 key member and their salary:


Principal Bank (Institutional Trustee)
  • Compensation: $8,080
  • Related: $0
  • Other: $0
Where can I find the form 990 for Oklahoma Gas & Electric Company Medical Benefit Tr?

Oklahoma Gas & Electric Company Medical Benefit Tr's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Oklahoma Gas & Electric Company Medical Benefit Tr

Oklahoma Gas & Electric Company Medical Benefit Trust, in essence, is committed to extending medical benefits to its members. This is achieved by allocating funds to cater to and settle their health-related claims throughout the pertinent calendar year. By doing so, the trust aims to alleviate the financial burden of medical expenses for its members, thereby promoting their overall well-being.

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Impact




October, 2024

The Oklahoma Gas & Electric Company Medical Benefit Trust plays a crucial role in providing essential medical benefits to its members. By disbursing funds to cover and pay for health care claims, the trust ensures that its members have access to necessary medical services, which can significantly alleviate financial burdens associated with health care expenses. This support enhances the overall well-being of the community, promoting healthier lifestyles and reducing the risks associated with unmet medical needs. With its mission centered on member care, the trust fosters a sense of security and mutual benefit among its participants, contributing positively to the health landscape in Oklahoma City and beyond.




This information is meant to be a general summary of Oklahoma Gas & Electric Company Medical Benefit Tr. 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
$6,615,746 (2022)
Expenses
$7,786,364 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $616,804
  • Program Service Revenue: $5,998,942
  • Gross Receipts: $6,615,746

Assets and Liabilities:

  • Total Assets: $11,213,823
  • Total Liabilities: $0
  • Net Assets: $11,213,823

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Programs

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

EMPLOYER CONTRIBUTIONS

Revenue

$2,565,779

EMPLOYEE CONTRIBUTIONS

Revenue

$3,433,163

Organization Details

Principal Officer

Gena Perry

Main Address

PO BOX 321 M/C 710, OKLAHOMA CITY, OK, 731010321

NTEE Category

Code: Y40 - Mutual benefit

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