Overview
What is Ascension Welfare Benefits Trust?
The Ascension Welfare Benefits Trust is a nonprofit organization primarily focused on managing and investing contributions for various employee benefit plans offered by Ascension Health and its related organizations. The scope of these benefits includes dental, vision, disability, life, accidental death and dismemberment, postretirement healthcare, and employee assistance programs. The trust serves the employees of Ascension Health and its related organizations, providing them with essential benefits and support throughout their careers and into retirement.
What are the reviews and ratings of this charity?
The Ascension Welfare Benefits Trust is not rated by Charity Navigator as it is not registered as a 501(c)(3) nonprofit with the IRS, which is a requirement for evaluation. The lack of a rating does not indicate any judgment about its quality, simply that the organization has not been assessed by the site's metrics.
Without a 501(c)(3) status, Charity Navigator cannot evaluate the Ascension Welfare Benefits Trust for various components like Impact & Measurement, Leadership & Adaptability, and Culture & Community. Additionally, financial information such as revenue, expenses, and key person salaries are not available, limiting insights into the organization's financial accountability.
No user reviews were found on GreatNonprofits, so public sentiment and individual experiences with the organization are not documented in available sources. Without these insights, an assessment of the organization's personal or community impact remains unavailable.
This AI summary has been generated from information found on Charity Navigator.
Is Ascension Welfare Benefits Trust legitimate?
Ascension Welfare Benefits Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Ascension Welfare Benefits Trust 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
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What is the mission statement of Ascension Welfare Benefits Trust?
The Ascension Welfare Benefits Trust is dedicated to managing contributions for various employee benefit plans. These plans include dental, disability, life insurance, accidental death and dismemberment, vision, post-retirement healthcare, and employee assistance programs. The trust serves the employees of Ascension Health and its related organizations, providing dental, vision, disability, and life insurance benefits, as well as accidental death and dismemberment coverage and employee assistance programs. Furthermore, it offers post-retirement healthcare benefits for employees of Ascension Health and its related organizations.
Who is the CEO of Ascension Welfare Benefits Trust?
Unavailable
What is the revenue of Ascension Welfare Benefits Trust?
Ascension Welfare Benefits Trust's revenue in 2022 was $203,696,553.
Who are the executives of Ascension Welfare Benefits Trust and what are their salaries?
There is 1 key member and their salary:
- Compensation: $70,886
- Related: $0
- Other: $0
Where can I find the form 990 for Ascension Welfare Benefits Trust?
Ascension Welfare Benefits Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Ascension Welfare Benefits Trust
Ascension Welfare Benefits Trust, a national healthcare plan provider, is committed to receiving, holding, and investing contributions for dental, disability, life, accidental death and dismemberment, vision, postretirement health care, and employee assistance benefit plans for employees of Ascension Health and its related organizations. The Trust serves as a vital resource for Ascension Health's workforce, providing them with essential benefits and programs that ensure their overall well-being.
The Trust's mission extends beyond routine employee benefits. It includes offering dental, vision, and disability coverage to help employees maintain their health and wellness. Additionally, it administers life, accidental death and dismemberment, and postretirement health care benefits, ensuring that employees and retirees are financially protected in various aspects of their lives. Furthermore, the Trust's employee assistance programs offer valuable resources to help employees manage life's challenges, such as counseling services and work-life balance support.
In summary, Ascension Welfare Benefits Trust plays a crucial role in supporting Ascension Health's employees by providing a comprehensive range of benefits and programs. These offerings help employees maintain their physical and mental health, address financial concerns, and navigate life's various challenges. The Trust's commitment to Ascension Health's workforce is an essential part of the organization's overall mission to promote the well-being of its employees and, by extension, the patients they serve.
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Impact
October, 2024
Ascension Welfare Benefits Trust plays a crucial role in enhancing the overall welfare of employees and retirees associated with Ascension Health and its related organizations. By receiving, holding, and investing contributions, it funds a comprehensive suite of benefits including dental, vision, disability, life insurance, accidental death and dismemberment coverage, as well as employee assistance programs. This extensive benefits package supports employees' health and financial security, addressing their needs during both their professional careers and post-retirement.
The trust not only mitigates the financial burdens associated with healthcare and unforeseen events but also fosters a supportive work environment, enhancing employee morale and retention. By providing access to these essential services, it empowers employees to focus on their roles within the healthcare sector, ultimately contributing to the quality of care provided by Ascension Health. The trust's strategic investment in employee welfare directly impacts the well-being of its members, making it a vital component of the organization's commitment to health and wellness.
This information is meant to be a general summary of Ascension Welfare Benefits Trust. 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: -$15,994,315
- Program Service Revenue: $219,590,038
- Gross Receipts: $646,980,374
Assets and Liabilities:
- Total Assets: $194,842,513
- Total Liabilities: $129,898,730
- Net Assets: $64,943,783
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Disability Plan
Revenue
$97,227,007
National Healthcare Plan
Revenue
$81,864,940
GROUP LIFE PLAN
Revenue
$39,769,184
Health Ministry Retiree Plan
Revenue
$728,907
Organization Details
Founding Year
1992
Phone
(314) 733-8000Main Address
C/O TAX DEPARTMENT PO BOX 45998, St Louis, MO, 631455998
NTEE Category
Code: Y43 - Mutual benefit
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