Overview
What is Nexus Trust?
Nexus Trust is a nonprofit organization situated in Plymouth, Minnesota, with a specific focus on providing benefits to its participants. For the year 2022, this organization extended health benefits to 728 individuals and dental benefits to 773, demonstrating its commitment to healthcare. Additionally, Nexus Trust offers short-term disability benefits to all full-time employees once they reach their first year of employment with the plan sponsor or its related organizations. The mission of Nexus Trust is centered around providing these comprehensive benefits to its participants.
Is Nexus Trust legitimate?
Nexus Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Nexus 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: $2,500
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Nexus Trust?
The Nexus Trust's mission is centered around providing benefits to individuals enrolled in a health benefit plan. Specifically, they offer health, dental, and short-term disability benefits. This is done for participants who have reached the required employment tenure with the plan sponsor or its related organizations. The organization's primary aim is to ensure that these benefits are available and accessible to those enrolled in the health benefit plan.
Who is the CEO of Nexus Trust?
Dr Michelle K Murray is the Principal Officer of Nexus Trust.
What is the revenue of Nexus Trust?
Nexus Trust's revenue in 2022 was $9,854,024.
Who are the executives of Nexus Trust and what are their salaries?
Here are 2 key members and their salaries:
- Compensation: $2,500
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Nexus Trust?
Nexus Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Nexus Trust
Nexus Trust, as outlined in the provided information, is an organization dedicated to providing benefits to participants of a health benefit plan. Specifically, they offer medical, dental, and short-term disability benefits to their enrollees. For the year 2022, they extended these benefits to 728 individuals for medical coverage and 773 for dental care. Furthermore, upon reaching one year of employment with the plan sponsor or related organizations, full-time employees become eligible for short-term disability benefits through Nexus Trust. Therefore, the mission of Nexus Trust can be encapsulated as a commitment to enhancing the health and well-being of its participants by offering a comprehensive range of benefits.
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Impact
October, 2024
Nexus Trust significantly impacts the health and well-being of its participants through its comprehensive benefits programs. In 2022, it provided health benefits to 728 individuals and dental benefits to 773, ensuring that many have access to essential medical care and preventive services. Additionally, Nexus Trust offers short-term disability benefits to all full-time employees after one year of service, providing crucial financial support during periods of illness or recovery. Based in Plymouth, MN, the organization is dedicated to enhancing the quality of life for its community members by ensuring they have access to necessary health resources and protection, fostering a supportive environment for all participants.
This information is meant to be a general summary of Nexus 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: $12,708
- Program Service Revenue: $9,841,316
- Gross Receipts: $9,854,024
Assets and Liabilities:
- Total Assets: $1,644,353
- Total Liabilities: $189,238
- Net Assets: $1,455,115
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Employer Contributions
Revenue
$7,521,391
Participant Contributi
Revenue
$2,319,925
Organization Details
Founding Year
1998
Phone
(763) 551-8640Principal Officer
Dr Michelle K Murray
Main Address
505 Hwy 169 N 500, Plymouth, MN, 55441
NTEE Category
Code: Y40 - Mutual benefit
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