Opportunity Living Benefit Tr

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 421448684 ✦ Lake city, IA ✦ Designated as a 501(c)(9)

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Overview

What is Opportunity Living Benefit Tr?

Opportunity Living Benefit Tr is a nonprofit organization situated in Lake City, Iowa, specifically at 1890 E Main Street. Their primary mission is to offer comprehensive insurance coverage, including health, dental, life, cancer, vision, and disability plans, to the employees of Opportunity Living. This organization aims to provide a safety net of benefits to its employees, ensuring they have access to essential healthcare services and financial support during challenging times.

Is Opportunity Living Benefit Tr legitimate?

Opportunity Living Benefit Tr is a legitimate nonprofit organization registered as a 501(c)(9) entity. Opportunity Living Benefit 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

For more financial information, click here

What is the mission statement of Opportunity Living Benefit Tr?

Opportunity Living Benefit TR's mission is centered around providing essential insurance coverage to its employees. Specifically, the organization offers health, dental, life, cancer, vision, and disability insurance. This mission aims to ensure the well-being and financial security of the employees under Opportunity Living's umbrella. The insurance coverage provided by Opportunity Living Benefit TR is a testament to the organization's commitment to its workforce's health and welfare.

Who is the CEO of Opportunity Living Benefit Tr?

Shannon Mahannah is the Ceo of Opportunity Living Benefit Tr. The CEO's salary of Opportunity Living Benefit Tr is $0 and their total compensation is $167,215.

What is the revenue of Opportunity Living Benefit Tr?

Opportunity Living Benefit Tr's revenue in 2022 was $1,404,825.

Who are the executives of Opportunity Living Benefit Tr and what are their salaries?


Here are 3 key members and their salaries (Opportunity Living Benefit Tr's CEO's salary is $0 and their total compensation is $167,215):


Shannon Mahannah (Ceo)
  • Compensation: $0
  • Related: $158,046
  • Other: $9,169
Jill Westcott (Cfo)
  • Compensation: $0
  • Related: $121,345
  • Other: $8,568
Donna Hollers (Rn)
  • Compensation: $0
  • Related: $105,139
  • Other: $5,365
Where can I find the form 990 for Opportunity Living Benefit Tr?

Opportunity Living Benefit Tr's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Opportunity Living Benefit Tr

Opportunity Living Benefit Trust is an organization that dedicates its mission to providing essential insurance coverages for the employees of Opportunity Living. Specifically, this nonprofit provides health, dental, life, cancer, vision, and disability insurance, ensuring that the workforce is protected in various aspects of their wellbeing. By offering these comprehensive insurance plans, Opportunity Living Benefit Trust supports the employees of Opportunity Living in maintaining their physical and financial security, enabling them to focus on their professional responsibilities with peace of mind.

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Impact




October, 2024

Opportunity Living Benefit Tr has a significant impact by providing essential health, dental, life, cancer, vision, and disability insurance to employees. This comprehensive coverage ensures that employees have access to vital healthcare services, which can lead to improved overall well-being and job satisfaction. By addressing various aspects of health and financial security, the organization supports employees in managing health-related challenges and maintaining their quality of life.

Moreover, this initiative fosters a supportive work environment, enhancing employee retention and productivity. When employees feel cared for and secure in their health insurance options, they are more likely to be engaged and motivated in their roles. Additionally, the organization plays a crucial role in the community by promoting mutual benefit, ensuring that workforce members have the resources needed to thrive not only at work but also in their personal lives.




This information is meant to be a general summary of Opportunity Living Benefit 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.

Revenue
$1,404,825 (2022)
Expenses
$1,207,687 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $8,102
  • Program Service Revenue: $1,396,723
  • Gross Receipts: $1,404,825

Assets and Liabilities:

  • Total Assets: $705,449
  • Total Liabilities: $0
  • Net Assets: $705,449

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

Employer contributions

Revenue

$1,234,541

Employee contributions

Revenue

$162,182

Organization Details

Founding Year

1996

Principal Officer

Shannon Mahannah

Main Address

1890 E Main Street, Lake City, IA, 51449

NTEE Category

Code: Y40 - Mutual benefit

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