Overview
What is Illinois Bankers Group Insurance Trust?
The Illinois Bankers Group Insurance Trust is a nonprofit organization located in Springfield, Illinois, dedicated to offering life, accident, health, dental, vision, and disability insurance for eligible employees and retirees of Illinois Bankers Association members. With a team of just two individuals, they provide essential insurance coverage, contributing to the wellbeing and security of banking personnel and their families.
What are the reviews and ratings of this charity?
Illinois Bankers Group Insurance Trust is not currently rated by Charity Navigator due to being a non-501(c)(3) organization. Charity Navigator typically provides ratings based on accountability and finance; however, this is limited to certain types of nonprofits, which excludes this Trust. The lack of a rating does not necessarily reflect poorly on the organization; it simply indicates it falls outside the standard evaluation scope.
Without a Charity Navigator rating, data on financial operations and leadership for Illinois Bankers Group Insurance Trust is not available. This organization functions independently and doesn't disclose typical nonprofit financial indicators like revenue, expenses, or key personnel salaries. As such, public transparency regarding its operations is limited.
There are no user reviews available for Illinois Bankers Group Insurance Trust on GreatNonprofits. Thus, community feedback or personal testimonials are absent, restricting public insight into the organization's impact and reception among stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Illinois Bankers Group Insurance Trust legitimate?
Illinois Bankers Group Insurance Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Illinois Bankers Group 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: $183,062
For more financial information, click here
What is the mission statement of Illinois Bankers Group Insurance Trust?
The Illinois Bankers Group Insurance Trust is dedicated to offering life, accident, health, dental, vision, and disability insurance to eligible employees and retirees of Illinois Bankers Association members. Its primary mission is to provide comprehensive insurance coverage to this specific group. Through this initiative, the Trust aims to offer peace of mind and security to its members, ensuring they are protected against various life's uncertainties. By pooling resources and offering group insurance plans, the Trust is able to provide competitive rates and extensive coverage options. In doing so, it enhances the overall wellbeing and financial stability of its members.
Who is the CEO of Illinois Bankers Group Insurance Trust?
Dane Cleven is the Trustee of Illinois Bankers Group Insurance Trust.
What is the revenue of Illinois Bankers Group Insurance Trust?
Illinois Bankers Group Insurance Trust's revenue in 2022 was $22,147,999.
Who are the executives of Illinois Bankers Group Insurance Trust and what are their salaries?
The average compensation at Illinois Bankers Group Insurance Trust during 2022 was $91,531. There are 2 employees at Illinois Bankers Group Insurance Trust.
Here are 8 key members and their salaries:
- Compensation: $123,520
- Related: $0
- Other: $7,576
- 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
Where can I find the form 990 for Illinois Bankers Group Insurance Trust?
Illinois Bankers Group Insurance Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Illinois Bankers Group Insurance Trust
Illinois Bankers Group Insurance Trust, a key organization, is dedicated to extending life, accident, health, dental, vision, and disability insurance benefits to eligible employees and retirees of Illinois Bankers Association members. By prioritizing the well-being of its members, the Trust plays a vital role in securing their financial and health security.
Established with the mission to provide comprehensive insurance coverage, Illinois Bankers Group Insurance Trust ensures that its members have access to essential health, dental, and vision care services. In addition, the Trust offers life and accident insurance, as well as disability insurance, to help safeguard the financial stability of its members during challenging times. Through these insurance offerings, the Trust strives to instill peace of mind and mitigate the risks that come with life's uncertainties.
The Illinois Bankers Group Insurance Trust is a valuable resource for the banking community in Illinois. Its commitment to offering a wide range of insurance options to eligible employees and retirees not only strengthens the financial position of its members but also demonstrates a dedication to their overall well-being. By providing these vital insurance services, the Trust helps its members focus on their professional growth and personal development, knowing that they are protected by a comprehensive insurance safety net.
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Impact
October, 2024
Illinois Bankers Group Insurance Trust significantly enhances the well-being of eligible employees and retirees of Illinois Bankers Association members by offering a comprehensive suite of insurance products. This includes life, accident, health, dental, vision, and disability insurance. By pooling resources and providing these essential benefits, the trust fosters a supportive environment that aids in financial security and peace of mind for its members.
Furthermore, this initiative strengthens the overall workforce in the banking sector, promoting stability and job satisfaction. The group insurance trust not only safeguards the health and welfare of individual employees but also contributes to the retention of a skilled workforce, which is vital for the continuous growth and success of the banking industry in Illinois. Through its services, the trust plays a crucial role in enhancing employee morale and loyalty, leading to a more resilient and productive banking community.
This information is meant to be a general summary of Illinois Bankers Group 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: $590,456
- Program Service Revenue: $21,557,543
- Gross Receipts: $24,379,796
Assets and Liabilities:
- Total Assets: $7,678,048
- Total Liabilities: $1,719,235
- Net Assets: $5,958,813
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTIONS
Revenue
$21,557,543
Organization Details
Founding Year
1967
Phone
(217) 789-9340Principal Officer
Dane Cleven
Main Address
3201 W WHITE OAKS DRIVE SUITE 400, SPRINGFIELD, IL, 62704
NTEE Category
Code: Y40 - Mutual benefit
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