Overview
What is Minneapolis Automobile Dealers Benefit Fund?
The Minneapolis Automobile Dealers Benefit Fund is a nonprofit organization dedicated to offering health benefits to eligible participants and their dependents. Based in Minneapolis, Minnesota, this fund provides essential medical, prescription drug, dental, disability, life insurance, and accidental death and dismemberment coverage. Extending beyond the current workforce, it also offers healthcare benefits to eligible retired individuals residing in Bloomington, Minnesota. The organization's primary mission is to enhance the overall well-being of its members by ensuring access to comprehensive health services.
What are the reviews and ratings of this charity?
The Minneapolis Automobile Dealers Benefit Fund currently does not have a rating on Charity Navigator. This absence of a rating is a neutral indicator, suggesting that the organization has not been evaluated rather than being indicative of its performance. The lack of an evaluation is primarily due to its status as a non-501(c)(3) organization, which renders it ineligible for the methodologies typically used by Charity Navigator to calculate ratings.
Charity Navigator's evaluation criteria focus on areas like Accountability & Finance, Impact & Measurement, and other qualitative metrics. However, these cannot be applied to this organization because it isn't registered as a 501(c)(3) nonprofit. This means that typical data like revenue, expenses, and compensation for key personalities aren't available. Such information would normally aid in assessing the financial health and accountability of an organization.
Without reviews on GreatNonprofits, there isn't any user-generated feedback to provide additional insight. Typically, such feedback can offer a ground-level view of the nonprofit's impact and effectiveness from the community's perspective. In this case, the absence of both professional and public reviews leaves a gap in the available information to thoroughly evaluate the organization's operations and community impact.
This AI summary has been generated from information found on Charity Navigator.
Is Minneapolis Automobile Dealers Benefit Fund legitimate?
Minneapolis Automobile Dealers Benefit Fund is a legitimate nonprofit organization registered as a 501(c)(9) entity. Minneapolis Automobile Dealers Benefit Fund 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
For more financial information, click here
What is the mission statement of Minneapolis Automobile Dealers Benefit Fund?
The Minneapolis Automobile Dealers Benefit Fund is designed to offer health benefits to eligible participants and their dependents. This includes medical coverage, prescription drugs, dental services, disability insurance, life insurance, and accidental death and dismemberment benefits. The fund extends its reach to eligible retired individuals as well, providing them with certain health care benefits. The primary goal of this benefit fund is to ensure the well-being and health security of its members.
Who is the CEO of Minneapolis Automobile Dealers Benefit Fund?
Paul Mccullen is the Trustee of Minneapolis Automobile Dealers Benefit Fund.
What is the revenue of Minneapolis Automobile Dealers Benefit Fund?
Minneapolis Automobile Dealers Benefit Fund's revenue in 2022 was $13,451,701.
Who are the executives of Minneapolis Automobile Dealers Benefit Fund and what are their salaries?
Here are 8 key members and their salaries:
- Compensation: $0
- Related: $100,335
- Other: $29,414
- Compensation: $0
- Related: $73,130
- Other: $34,225
- Compensation: $0
- Related: $89,349
- Other: $29,414
- Compensation: $0
- Related: $0
- Other: $1,883
- 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 Minneapolis Automobile Dealers Benefit Fund?
Minneapolis Automobile Dealers Benefit Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Minneapolis Automobile Dealers Benefit Fund
The Minneapolis Automobile Dealers Benefit Fund is a charitable organization dedicated to extending health benefits to eligible participants and their dependents. This nonprofit plan offers a range of coverage, including medical, prescription drugs, dental, disability, life insurance, and accidental death and dismemberment benefits. The organization goes beyond just providing health care services; it also caters to the needs of retired individuals, offering them select health care benefits in specified locations.
By investing in the well-being of its beneficiaries, the Minneapolis Automobile Dealers Benefit Fund plays a crucial role in safeguarding their health and financial security. The medical and dental coverage ensures that participants have access to essential health services, while disability and life insurance benefits provide a safety net for unforeseen circumstances. Accidental death and dismemberment coverage adds an extra layer of protection, offering financial assistance in the event of a traumatic injury.
The commitment of the Minneapolis Automobile Dealers Benefit Fund towards improving people's lives extends beyond their working years. By offering health care benefits to eligible retirees, the organization demonstrates its dedication to supporting its beneficiaries throughout various stages of life. Through its comprehensive range of benefits, the Minneapolis Automobile Dealers Benefit Fund positively impacts the lives of countless individuals, ensuring they have access to the resources they need to maintain their overall well-being.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
The Minneapolis Automobile Dealers Benefit Fund plays a crucial role in enhancing the well-being of employees and their families in the automotive industry. By providing a comprehensive range of health benefits, including medical, prescription drug coverage, dental care, disability, life insurance, and accidental death and dismemberment benefits, the fund supports financial stability and health security for participants.
In addition to these benefits for active employees, the fund extends vital health care support to eligible retirees residing in Bloomington, MN, ensuring that they continue to receive necessary health services in their retirement years. This commitment not only contributes to the overall quality of life for individuals but also fosters a sense of community and mutual benefit among those associated with the Minneapolis automotive sector. Through its offerings, the fund emphasizes the importance of health and well-being, allowing participants to focus on their careers without the burden of high medical costs.
This information is meant to be a general summary of Minneapolis Automobile Dealers Benefit Fund. 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: $129,053
- Program Service Revenue: $13,322,648
- Gross Receipts: $13,451,701
Assets and Liabilities:
- Total Assets: $8,818,846
- Total Liabilities: $6,154
- Net Assets: $8,812,692
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTIONS
Revenue
$8,106,390
PARTICIPANT CONTRIBUTIONS
Revenue
$3,615,792
PRESCRIPTION DRUG REBATES
Revenue
$960,823
STOP-LOSS REIMBURSEMENTS
Revenue
$624,168
COBRA SUBSIDY REIMBURSEMENT
Revenue
$10,368
Organization Details
Founding Year
1988
Phone
(952) 854-0795Principal Officer
Paul Mccullen
Main Address
3001 METRO DRIVE 500, BLOOMINGTON, MN, 55425
NTEE Category
Code: Y40 - Mutual benefit
If you are a representative of Minneapolis Automobile Dealers Benefit Fund and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.