Overview
What is Mid-America Agri-Industries Veba?
Mid-America Agri-Industries Veba is a nonprofit organization situated in Sioux City, Iowa. Established under I.R.C Sec. 501(c)(9), its primary purpose is to manage a welfare benefit plan, ensuring its exclusive use for the benefit of the plan participants and their beneficiaries. This plan primarily covers various health-related benefits such as life, sickness, and accident coverage. To fund these benefits, the organization collects contributions from employers and participants, generates income from interest and fees, and obtains insurance coverage. Mid-America Agri-Industries Veba's role is to directly provide these benefits to its members and secure insurance coverage to do so.
Is Mid-America Agri-Industries Veba legitimate?
Mid-America Agri-Industries Veba is a legitimate nonprofit organization registered as a 501(c)(9) entity. Mid-America Agri-Industries Veba 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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Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Mid-America Agri-Industries Veba?
Mid-America Agri-Industries Veba is established under I.R.C sec. 501(C)(9) with the primary objective of establishing and maintaining a welfare benefit plan. This plan is designed to provide various benefits such as life, sickness, accident, and other forms of support exclusively for the plan participants and their beneficiaries. The organization utilizes contributions from employers and participants, as well as income from interest, administration fees, membership fees, and miscellaneous sources, to directly provide these benefits to the participants and procure insurance coverage to ensure the delivery of such benefits.
Who is the CEO of Mid-America Agri-Industries Veba?
Mark Brown is the Secretary of Mid-America Agri-Industries Veba.
What is the revenue of Mid-America Agri-Industries Veba?
Mid-America Agri-Industries Veba's revenue in 2022 was $8,108,126.
Who are the executives of Mid-America Agri-Industries Veba and what are their salaries?
Here are 3 key members and their salaries:
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Where can I find the form 990 for Mid-America Agri-Industries Veba?
Mid-America Agri-Industries Veba's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Mid-America Agri-Industries Veba
Mid-America Agri-Industries Veba, organized under Section 501(c)(9) of the Internal Revenue Code, is established with a mission to provide welfare benefits for its participants and their beneficiaries. The organization aims to establish and maintain a comprehensive welfare plan that offers life, sickness, accident, and other benefits. This is done exclusively for the benefit of the plan participants and their beneficiaries.
To fulfill this mission, Mid-America Agri-Industries Veba utilizes various sources of income, such as employer and participant contributions, interest income, administration fee income, membership fees, and miscellaneous income. These funds are directly used to provide plan benefits to the participants or to obtain insurance coverage to provide such benefits. The organization's primary goal is to ensure that the welfare plan benefits are effectively delivered to its members, enhancing their overall well-being and security.
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Impact
October, 2024
Mid-America Agri-Industries Veba plays a crucial role in supporting the well-being of its participants and their beneficiaries through a structured welfare benefit plan. By providing life, sickness, accident, and other essential benefits, it ensures that individuals in the agricultural sector have access to necessary health and financial support.
The organization focuses on paying for health benefits insurance premiums and handling health claims, which alleviates the financial burden on participants during critical times. This support is financed through a combination of employer and participant contributions, interest income, administration fees, and membership fees.
Located in Sioux City, IA, the organization fosters a sense of security within the agricultural community by directly addressing the welfare needs of its members. By establishing a reliable safety net, Mid-America Agri-Industries Veba significantly impacts participants' quality of life and promotes a more resilient agricultural workforce.
This information is meant to be a general summary of Mid-America Agri-Industries Veba. 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: $41
- Program Service Revenue: $8,073,715
- Gross Receipts: $8,108,126
Assets and Liabilities:
- Total Assets: $295,015
- Total Liabilities: $90,000
- Net Assets: $205,015
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER/EMPLOYEE CONT
Revenue
$8,073,715
Organization Details
Founding Year
1994
Phone
(712) 258-6671Principal Officer
Mark Brown
Main Address
921 PIERCE PO BOX 3672, SIOUX CITY, IA, 51102
NTEE Category
Code: Y40 - Mutual benefit
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