Overview
What is Retiree Benefits Trust?
Retiree Benefits Trust is a nonprofit organization, specifically established with the mission to ensure continued group insurance coverage for its participants, following the termination of their previous, inactive plans. Based in Lake Jackson, Texas, this organization aims to provide a safety net for individuals, ensuring they maintain health insurance coverage even after retirement or leaving their initial plans. The purpose of Retiree Benefits Trust is to bridge the gap in insurance coverage, offering a sense of security and stability for its participants.
Is Retiree Benefits Trust legitimate?
Retiree Benefits Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Retiree 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: $80,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Retiree Benefits Trust?
The Retiree Benefits Trust is established with the primary objective of ensuring continuous group insurance coverage for participants following the termination of their previous inactive plans. This organization aims to provide a safety net for individuals, ensuring they continue to have access to essential health coverage even after their previous plans have become inactive. By offering this continuity of coverage, the Retiree Benefits Trust seeks to alleviate potential financial and health-related concerns for its participants.
Who is the CEO of Retiree Benefits Trust?
Ken Prochaska is the Principal Officer of Retiree Benefits Trust.
What is the revenue of Retiree Benefits Trust?
Retiree Benefits Trust's revenue in 2022 was $49,775.
Who are the executives of Retiree Benefits Trust and what are their salaries?
Here are 5 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $20,000
- Related: $0
- Other: $0
- Compensation: $20,000
- Related: $0
- Other: $0
- Compensation: $20,000
- Related: $0
- Other: $0
- Compensation: $20,000
- Related: $0
- Other: $0
Where can I find the form 990 for Retiree Benefits Trust?
Retiree Benefits Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Retiree Benefits Trust
Retiree Benefits Trust, as its mission statement indicates, is dedicated to providing ongoing group insurance coverage for participants following the termination of their previous inactive plans. By undertaking this mission, the trust aims to ensure that individuals who have retired or are no longer covered under their former plans continue to receive essential insurance coverage. This commitment to continuity in insurance coverage is a critical aspect of Retiree Benefits Trust's purpose, providing security and peace of mind to its participants.
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Impact
October, 2024
Retiree Benefits Trust plays a crucial role in ensuring that individuals have access to essential group insurance coverage even after they have terminated their previous inactive plans. By offering continued coverage for participants, the Trust addresses a vital need for health security among retirees. This support is especially significant for those who may face challenges obtaining insurance on the private market or who require medical care as they age. The Trust's mission fosters peace of mind, allowing retirees to maintain their health and well-being without the financial burden of unexpected medical expenses. Overall, Retiree Benefits Trust significantly enhances the quality of life for former participants, underscoring the importance of ongoing support in the transition to retirement.
This information is meant to be a general summary of Retiree 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: $49,775
- Gross Receipts: $49,775
Assets and Liabilities:
- Total Assets: $2,583,293
- Total Liabilities: $41,887
- Net Assets: $2,541,406
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Organization Details
Founding Year
2007
Phone
(979) 297-4139Principal Officer
Ken Prochaska
Main Address
PO BOX 3282, LAKE JACKSON, TX, 77566
NTEE Category
Code: Y43 - Mutual benefit
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