Overview
What is Allete And Affiliated Companies Retiree Health Plan B?
Allete and Affiliated Companies Retiree Health Plan B is a nonprofit organization situated in Duluth, Minnesota. It functions as a fraternal beneficiary society and voluntary employees association, primarily serving the medical and dental needs of approximately 623 retirees, their dependents, and surviving spouses. Last year, the organization reported a total revenue of $5,027,732.
Is Allete And Affiliated Companies Retiree Health Plan B legitimate?
Allete And Affiliated Companies Retiree Health Plan B is a legitimate nonprofit organization registered as a 501(c)(9) entity. Allete And Affiliated Companies Retiree Health Plan B 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.
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What is the mission statement of Allete And Affiliated Companies Retiree Health Plan B?
Allete and Affiliated Companies Retiree Health Plan B, functioning as fraternal beneficiary societies and voluntary employees associations, is committed to managing medical and dental claims for approximately 623 retired individuals, their dependents, and surviving spouses. The primary objective of this organization is to ensure the financial coverage of these individuals' healthcare needs. Although the mission statement does not explicitly state it, the organization's activities can be inferred to contribute to the overall well-being and financial security of its members. Last year, Allete and Affiliated Companies Retiree Health Plan B generated a total revenue of $5,027,732, demonstrating its financial stability to fulfill its mission.
Who is the CEO of Allete And Affiliated Companies Retiree Health Plan B?
Anthony Sauro is the Director of Allete And Affiliated Companies Retiree Health Plan B.
What is the revenue of Allete And Affiliated Companies Retiree Health Plan B?
Allete And Affiliated Companies Retiree Health Plan B's revenue in 2022 was $3,494,775.
Who are the executives of Allete And Affiliated Companies Retiree Health Plan B and what are their salaries?
There 14 volunteers at Allete And Affiliated Companies Retiree Health Plan B.
Here are 11 key members and their salaries:
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- Compensation: $10,295
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Where can I find the form 990 for Allete And Affiliated Companies Retiree Health Plan B?
Allete And Affiliated Companies Retiree Health Plan B's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Allete And Affiliated Companies Retiree Health Plan B
Allete And Affiliated Companies Retiree Health Plan B, functioning as both fraternal beneficiary societies and voluntary employees associations, is dedicated to managing medical and dental claims on behalf of approximately 623 retirees, their dependents, and surviving spouses. The organization's primary mission is to ensure the well-being of its beneficiaries by overseeing their healthcare claims, providing them with essential healthcare coverage. This nonprofit entity operates with a focus on supporting its members in their post-retirement years, ensuring they have access to necessary healthcare services. The organization's operations resulted in a total revenue of $5,027,732 last year, demonstrating its commitment and dedication to its mission.
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Impact
October, 2024
Allete And Affiliated Companies Retiree Health Plan B plays a crucial role in providing medical and dental benefits to approximately 623 retirees, their dependents, and surviving spouses. By managing the healthcare claims for this demographic, the plan ensures that retired employees have continued access to necessary health services, which can significantly alleviate the financial burden of medical expenses in retirement.
The organization operates within the framework of fraternal beneficiary societies and voluntary employees associations, highlighting its commitment to mutual aid and support among its members. Generating over $5 million in total revenues, the plan's financial health enables it to sustain these vital services, thereby fostering a sense of security and well-being among retirees. Overall, Allete And Affiliated Companies Retiree Health Plan B significantly impacts the quality of life for its members, ensuring they receive necessary healthcare without excessive financial strain.
This information is meant to be a general summary of Allete And Affiliated Companies Retiree Health Plan B. 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: $2,327,500
- Program Service Revenue: $1,167,275
- Gross Receipts: $5,279,434
Assets and Liabilities:
- Total Assets: $59,602,235
- Total Liabilities: $0
- Net Assets: $59,602,235
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYEE CONTRIBUTION
Revenue
$1,167,275
Organization Details
Founding Year
1994
Phone
(218) 723-3922Principal Officer
Anthony Sauro
Main Address
30 WEST SUPERIOR STREET, DULUTH, MN, 55802
NTEE Category
Code: Y40 - Mutual benefit
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