Overview
What is Concordia Disability And Survivor Plan?
The Concordia Disability and Survivor Plan is a nonprofit organization that offers benefits to the full-time employees of The Lutheran Church-Missouri Synod, its affiliated entities, and their families. In the event of a worker's disability, they provide replacement income. Upon a worker's death, they offer death benefits to the survivors. These benefits include lump sum payments and monthly survivor benefits. The organization paid out significant amounts in benefits and premiums, totaling $11,209,137 for noninsured death benefits, $1,394,066 in monthly survivor benefits, and $7,836,536 in insurance premiums. The Concordia Disability and Survivor Plan's mission is to offer financial security and support to the Lutheran Church-Missouri Synod's staff during times of hardship.
Official website here: www.concordiaplans.org
What are the reviews and ratings of this charity?
The Concordia Disability and Survivor Plan is currently not rated by Charity Navigator. The nonprofit does not meet the criteria for a rating as it lacks the necessary beacon scores, such as Accountability & Finance or Impact & Measurement, often due to its classification as a non-501(c)(3) organization. The absence of a rating should not be interpreted as an endorsement or criticism.
Charity Navigator typically evaluates organizations based on their financial health, accountability, and transparency. However, Concordia Disability and Survivor Plan's lack of 501(c)(3) status limits the available data, such as revenue, expenses, or leadership compensation, hindering a comprehensive evaluation.
No user feedback from GreatNonprofits is available to provide further insight into the community's perception of Concordia Disability and Survivor Plan. Consequently, while the nonprofit's foundational data is accessible, specific insights into its operational strengths or limitations remain elusive.
This AI summary has been generated from information found on Charity Navigator.
Is Concordia Disability And Survivor Plan legitimate?
Concordia Disability And Survivor Plan is a legitimate nonprofit organization registered as a 501(c)(9) entity. Concordia Disability And Survivor Plan 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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Official website here: www.concordiaplans.org
What is the mission statement of Concordia Disability And Survivor Plan?
The Concordia Disability and Survivor Plan serves to support the full-time workers of The Lutheran Church-Missouri Synod, its affiliated organizations, and member congregations. Its primary objective is to offer replacement income for workers who become disabled and to provide death benefits for their survivors in the unfortunate event of their demise. The plan has paid significant amounts in noninsured benefits to members upon their dependents' death and monthly survivor benefits to enrolled surviving dependents of deceased workers. Premiums are paid to cover lump sum death benefits for members and their dependents.
Official website here: www.concordiaplans.org
Who is the CEO of Concordia Disability And Survivor Plan?
Robert Lesko is the Chairman Of The Board And Trustee of Concordia Disability And Survivor Plan.
Official website here: www.concordiaplans.org
What is the revenue of Concordia Disability And Survivor Plan?
Concordia Disability And Survivor Plan's revenue in 2022 was $27,575,412.
Official website here: www.concordiaplans.org
Who are the executives of Concordia Disability And Survivor Plan and what are their salaries?
Here are 15 key members and their salaries:
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Official website here: www.concordiaplans.org
Where can I find the form 990 for Concordia Disability And Survivor Plan?
Concordia Disability And Survivor Plan's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.concordiaplans.org
Learn more at the official website: www.concordiaplans.org
Mission Statement of Concordia Disability And Survivor Plan
Concordia Disability and Survivor Plan, a crucial initiative of The Lutheran Church-Missouri Synod, is dedicated to empowering full-time employees and their dependents within the Church and its affiliated organizations. In the unfortunate event of disability, this plan ensures that the workers receive replacement income, providing them with much-needed financial support. Additionally, the plan extends its benefits to the survivors of deceased workers, offering them death benefits.
The Concordia Disability and Survivor Plan's mission is to secure the economic well-being of its participants, allowing them to focus on their recovery or grieving process. When a dependent passes away, the nonprofit offers noninsured benefits totaling $31,045, which can help ease the financial burden for the family during their time of need. For enrolled dependents of deceased workers whose death occurred prior to July 1, 2001, monthly survivor benefits of $1,394,066 are paid out. Furthermore, the plan contributes significant insurance premiums of $7,836,536 to guarantee the provision of lump sum death benefits for members and benefits for their dependents.
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Impact
October, 2024
The Concordia Disability And Survivor Plan significantly impacts the well-being of full-time workers within The Lutheran Church-Missouri Synod and its affiliated organizations by offering essential financial support during times of hardship due to disability or death. By providing replacement income to workers who become disabled, the plan helps to alleviate financial stress, allowing members to focus on their recovery without the added burden of lost income.
In addition, the plan offers vital death benefits to the survivors of deceased workers, ensuring that families are not left without financial resources in the event of a tragic loss. In recent reports, noninsured benefits amounting to $31,045 were paid to members upon the death of dependents, and substantial monthly survivor benefits of $1,394,066 were distributed to enrolled surviving dependents of workers who passed before July 1, 2001. These figures highlight the plan's crucial role in providing a safety net for families during challenging times.
Moreover, the collection of insurance premiums totaling $7,836,536 reflects the commitment to sustaining these essential benefits, demonstrating a proactive approach to financial support within the community. Overall, the Concordia Disability And Survivor Plan plays a vital role in fostering security and peace of mind for the workers and their families, contributing to a stronger and more resilient community.
This information is meant to be a general summary of Concordia Disability And Survivor Plan. 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.
- Program Service Revenue: $27,575,412
- Gross Receipts: $27,575,412
Assets and Liabilities:
- Total Assets: $130,439,981
- Total Liabilities: $95,364,983
- Net Assets: $35,074,998
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Revenue from disability/survivor contributions
Revenue
$27,575,412
Organization Details
Founding Year
1982
Phone
(314) 885-6744Principal Officer
Robert Lesko
Main Address
1333 S Kirkwood Road, St Louis, MO, 631227295
Website
www.concordiaplans.orgNTEE Category
Code: Y40 - Mutual benefit
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