Overview
What is Kraus-Anderson Incorporated Health Care Plan?
Kraus-Anderson Incorporated Health Care Plan is a benefit program situated in Minneapolis, Minnesota. Its primary objective is to offer health and welfare benefits to eligible employees and their dependents, as stated in the Kraus-Anderson Incorporated Benefit Program. During the year, the total benefits paid out to participants amounted to $4,283,604. The plan is established to provide and maintain health benefits for its members, either directly or through insurance coverage.
Is Kraus-Anderson Incorporated Health Care Plan legitimate?
Kraus-Anderson Incorporated Health Care Plan is a legitimate nonprofit organization registered as a 501(c)(9) entity. Kraus-Anderson Incorporated Health Care Plan 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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What is the mission statement of Kraus-Anderson Incorporated Health Care Plan?
The Kraus-Anderson Incorporated Health Care Plan was established with the primary objective of providing and maintaining health and welfare benefits for its eligible employees. This is accomplished either directly or through the purchase of insurance. The plan's mission is to offer these benefits, as detailed in Schedule O, under the terms of the plan. The plan has been instrumental in providing health and welfare benefits to its employees and their beneficiaries, with a total of $4,283,604 paid out during the year in question.
Who is the CEO of Kraus-Anderson Incorporated Health Care Plan?
Bruce W Engelsma is the Co-Trustee of Kraus-Anderson Incorporated Health Care Plan.
What is the revenue of Kraus-Anderson Incorporated Health Care Plan?
Kraus-Anderson Incorporated Health Care Plan's revenue in 2022 was $5,268,873.
Who are the executives of Kraus-Anderson Incorporated Health Care Plan and what are their salaries?
There 4 volunteers at Kraus-Anderson Incorporated Health Care Plan.
Here are 4 key members and their salaries:
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Where can I find the form 990 for Kraus-Anderson Incorporated Health Care Plan?
Kraus-Anderson Incorporated Health Care Plan's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Kraus-Anderson Incorporated Health Care Plan
Kraus-Anderson Incorporated Health Care Plan, established with a specific purpose, is dedicated to providing and maintaining health and welfare benefits for eligible employees and their beneficiaries. This is accomplished either directly or through the purchase of insurance, showcasing the organization's commitment to the well-being of its workforce. The plan, as stated in its mission, has the objective of offering health benefits to the participants under the Kraus-Anderson, Incorporated Benefit Program. During the year, a total of $4,283,604 was paid out in benefits, further underscoring the plan's dedication to fulfilling its mission.
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Impact
October, 2024
Kraus-Anderson Incorporated Health Care Plan significantly enhances the well-being of employees and their beneficiaries by providing essential health and welfare benefits. The plan plays a critical role in ensuring that eligible employees have access to necessary health services, which directly contributes to their overall quality of life and job satisfaction.
In the past year, the plan disbursed a substantial $4,283,604 in benefits, reflecting its commitment to supporting the health needs of its members. By covering various health-related expenses, the plan alleviates the financial burdens often associated with healthcare, allowing employees to focus on their work and personal lives without the added stress of medical costs.
The mission of the trust emphasizes the importance of maintaining health benefits, either directly or through insurance purchases, ensuring a continuous provision of care. Located in Minneapolis, MN, the Kraus-Anderson Incorporated Health Care Plan serves as a crucial resource for the community, promoting health and welfare among its members and fostering a healthier workforce.
This information is meant to be a general summary of Kraus-Anderson Incorporated Health Care Plan. 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: $2,166
- Program Service Revenue: $5,192,748
- Gross Receipts: $5,268,873
Assets and Liabilities:
- Total Assets: $1,371,659
- Total Liabilities: $28,601
- Net Assets: $1,343,058
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTION
Revenue
$4,296,647
EMPLOYEE CONTRIBUTION
Revenue
$896,101
Organization Details
Founding Year
1981
Phone
(612) 332-7281Principal Officer
Bruce W Engelsma
Main Address
501 SOUTH 8TH STREET, MINNEAPOLIS, MN, 55404
NTEE Category
Code: E81Z - Health
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