Overview
What is First State Bank Empl Bnfcry Assn Hlth & Wlfr Bnfts Tr?
First State Bank Empl Bnfcry Assn Hlth & Wlfr Bnfts Tr, based in Bayport, Minnesota, is a nonprofit organization. Its primary focus is on managing the premium payments for non-key employee retirement health and life insurance policies. This organization plays a crucial role in ensuring that the necessary insurance coverage continues for retired employees of the First State Bank, providing them with peace of mind and financial security.
Is First State Bank Empl Bnfcry Assn Hlth & Wlfr Bnfts Tr legitimate?
First State Bank Empl Bnfcry Assn Hlth & Wlfr Bnfts Tr is a legitimate nonprofit organization registered as a 501(c)(9) entity. First State Bank Empl Bnfcry Assn Hlth & Wlfr Bnfts 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of First State Bank Empl Bnfcry Assn Hlth & Wlfr Bnfts Tr?
The First State Bank Empl Bnfcry Assn Hlth & Wlfr Bnfts Tr is an organization with a mission to cover the premiums for non-key employee retiree health and life insurance policies. This association ensures the financial continuity of these vital benefits for retired non-key employees, providing them with peace of mind and security in their post-employment years. By managing these premium payments, the First State Bank Empl Bnfcry Assn Hlth & Wlfr Bnfts Tr plays a crucial role in maintaining the financial well-being of its beneficiaries.
Who is the CEO of First State Bank Empl Bnfcry Assn Hlth & Wlfr Bnfts Tr?
Chad A Fett is the Trustee of First State Bank Empl Bnfcry Assn Hlth & Wlfr Bnfts Tr.
What is the revenue of First State Bank Empl Bnfcry Assn Hlth & Wlfr Bnfts Tr?
First State Bank Empl Bnfcry Assn Hlth & Wlfr Bnfts Tr's revenue in 2022 was $49,855.
Who are the executives of First State Bank Empl Bnfcry Assn Hlth & Wlfr Bnfts Tr and what are their salaries?
Here are 4 key members and their salaries:
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- Related: $0
- Other: $0
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- Other: $0
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- Compensation: $0
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Where can I find the form 990 for First State Bank Empl Bnfcry Assn Hlth & Wlfr Bnfts Tr?
First State Bank Empl Bnfcry Assn Hlth & Wlfr Bnfts Tr's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of First State Bank Empl Bnfcry Assn Hlth & Wlfr Bnfts Tr
First State Bank Empl Bnfcry Assn Hlth & Wlfr Bnfts Tr, as its name suggests, is an organization primarily dedicated to paying the premiums for non-key employee retiree health and life insurance policies. This mission is a crucial aspect of ensuring the financial security and well-being of these retired employees, providing them with peace of mind during their post-employment years. By taking on this responsibility, First State Bank Empl Bnfcry Assn Hlth & Wlfr Bnfts Tr demonstrates a commitment to the welfare of its former employees, recognizing their contributions to the organization and seeking to support them in their retirement. The payment of these premiums plays a vital role in maintaining the health and life insurance coverage for these retirees, ensuring they can access necessary medical care and support during their golden years.
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Impact
October, 2024
First State Bank Empl Bnfcry Assn Hlth & Wlfr Bnfts Tr plays a significant role in supporting non-key employee retirees by covering their health and life insurance policy premiums. This financial assistance ensures that retirees can maintain their health coverage and life insurance benefits, which is crucial for their well-being and peace of mind. By alleviating the financial burden associated with these premiums, the organization helps promote stability and security for retired employees in Bayport, MN. This contribution fosters a positive impact on the community by enhancing the quality of life for retirees and supporting their transition into post-employment life.
This information is meant to be a general summary of First State Bank Empl Bnfcry Assn Hlth & Wlfr Bnfts 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $49,855
- Gross Receipts: $49,855
Assets and Liabilities:
- Total Assets: $1,365,285
- Total Liabilities: $0
- Net Assets: $1,365,285
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Organization Details
Founding Year
1987
Phone
(651) 351-3760Principal Officer
Chad A Fett
Main Address
950 N HWY 95, BAYPORT, MN, 55003
NTEE Category
Code: Y40 - Mutual benefit
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