Overview
What is Acec Tax Exempt Life Health Insurance Trust?
The Acec Tax Exempt Life Health Insurance Trust is a collaborative initiative designed for eligible employers. Its primary function is to facilitate the acquisition and maintenance of group insurance policies, providing sickness, accident, or various other benefits for their employees and dependents. By pooling resources, eligible employers can participate in this trust, which assumes the responsibility of paying health insurance premiums on behalf of their employees and their families, up until July 2017.
Is Acec Tax Exempt Life Health Insurance Trust legitimate?
Acec Tax Exempt Life Health Insurance Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Acec Tax Exempt Life Health 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:
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Other Salaries and Wages: $0
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What is the mission statement of Acec Tax Exempt Life Health Insurance Trust?
The Acec Tax Exempt Life Health Insurance Trust facilitates eligible employers to collectively procure and manage group insurance policies. The primary objective of this trust is to offer sickness, accident, or other benefits to the employees and their dependents of these eligible employers. The trust assumes responsibility for paying the health insurance premiums for the eligible employers' employees and dependents until July 2017. In essence, the trust enables employers to pool resources and gain access to comprehensive health insurance coverage for their workforce.
What is the revenue of Acec Tax Exempt Life Health Insurance Trust?
Acec Tax Exempt Life Health Insurance Trust's revenue in 2023 was $0.
Who are the executives of Acec Tax Exempt Life Health Insurance Trust and what are their salaries?
Here are 7 key members and their salaries:
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Where can I find the form 990 for Acec Tax Exempt Life Health Insurance Trust?
Acec Tax Exempt Life Health Insurance Trust's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Acec Tax Exempt Life Health Insurance Trust
The Acec Tax Exempt Life Health Insurance Trust serves a unique purpose by enabling eligible employers to collaborate in the procurement and upkeep of group insurance policies. This collaborative approach allows these employers to provide their employees and their dependents with sick, accident, or other beneficial coverage. By pooling resources, employers can offer comprehensive health benefits at more affordable rates, thus enhancing the well-being and security of their workforce. The Trust's mission is to facilitate this group insurance arrangement, ultimately benefiting the employees and their dependents of the participating employers.
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Impact
October, 2024
The Acec Tax Exempt Life Health Insurance Trust plays a crucial role in facilitating access to group insurance for eligible employers. By allowing these employers to collectively purchase and maintain insurance policies, the trust significantly enhances the ability to provide comprehensive sick, accident, and other benefits for employees and their dependents. This collective approach not only makes insurance options more affordable but also ensures that smaller businesses can offer competitive benefits to attract and retain talent. Furthermore, the trust's ability to pay health insurance premiums on behalf of employees helps alleviate financial burdens for both employers and their workforce, promoting greater employee well-being and stability. Overall, the trust fosters a collaborative environment where businesses can work together to secure essential benefits that support the health and welfare of their employees and families.
This information is meant to be a general summary of Acec Tax Exempt Life Health 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 2023.
Assets and Liabilities:
- Total Assets: $6,765,503
- Total Liabilities: $10,000
- Net Assets: $6,755,503
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Organization Details
Founding Year
2009
Principal Officer
Mark Van Elden
NTEE Category
Code: Y43 - Mutual benefit
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