Overview
What is Missouri Bankers Association - Voluntary Employees Beneficiary Assn?
The Missouri Bankers Association - Voluntary Employees Beneficiary Association (MBA-VEBA) is a nonprofit based in Jefferson City, Missouri, specifically at 207 E Capitol Ave, 65101. This organization provides insurance benefits for employees and their dependents of Missouri Bankers Association member organizations. They offer a range of coverage including health and dental, life, disability, accident, and felonious assault. The mission of MBA-VEBA is to ensure that eligible employees and their dependents have access to essential insurance services.
Official website here: www.mobankers.com
What are the reviews and ratings of this charity?
The Missouri Bankers Association - Voluntary Employees Beneficiary Association is not currently rated by Charity Navigator. This absence of rating does not imply a negative or positive view but is due to the organization's classification, as it is not a 501(c)(3) nonprofit. Charity Navigator typically evaluates eligibility through Accountability & Finance or Impact & Measurement beacons, which do not apply to this association.
The organization is categorized as an independent entity and holds a foundation status of "All organizations except 501(c)(3)." This means it does not benefit from the tax-exempt status of such nonprofits nor is it eligible to receive tax-deductible contributions. Despite the lack of a rating, their IRS business master file data is available, suggesting basic operational transparency.
Data regarding the Missouri Bankers Association's total revenue, expenses, and the salaries of key personnel is unavailable, highlighting a lack of financial specifics in the Charity Navigator overview. The lack of a user review presence on GreatNonprofits adds to the limited publicly available insights into their operational effectiveness or community impact.
This AI summary has been generated from information found on Charity Navigator.
Is Missouri Bankers Association - Voluntary Employees Beneficiary Assn legitimate?
Missouri Bankers Association - Voluntary Employees Beneficiary Assn is a legitimate nonprofit organization registered as a 501(c)(9) entity. Missouri Bankers Association - Voluntary Employees Beneficiary Assn 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
Official website here: www.mobankers.com
What is the mission statement of Missouri Bankers Association - Voluntary Employees Beneficiary Assn?
The Missouri Bankers Association - Voluntary Employees Beneficiary Assn (MBA-VEBA) focuses on providing insurance benefits for the employees and their dependents of member organizations within the Missouri Bankers Association. Their mission is to offer comprehensive insurance coverage, which includes health and dental, life, disability, accident, and felonious assault insurance. By doing so, they ensure that members have access to essential benefits, securing their peace of mind and overall well-being. Through group insurance plans and premium payments, MBA-VEBA aims to protect and support its member base.
Official website here: www.mobankers.com
Who is the CEO of Missouri Bankers Association - Voluntary Employees Beneficiary Assn?
Thomas R Page is the Principal Officer of Missouri Bankers Association - Voluntary Employees Beneficiary Assn.
Official website here: www.mobankers.com
What is the revenue of Missouri Bankers Association - Voluntary Employees Beneficiary Assn?
Missouri Bankers Association - Voluntary Employees Beneficiary Assn's revenue in 2022 was $19,954,918.
Official website here: www.mobankers.com
Who are the executives of Missouri Bankers Association - Voluntary Employees Beneficiary Assn and what are their salaries?
There 7 volunteers at Missouri Bankers Association - Voluntary Employees Beneficiary Assn.
Here are 7 key members and their salaries:
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Official website here: www.mobankers.com
Where can I find the form 990 for Missouri Bankers Association - Voluntary Employees Beneficiary Assn?
Missouri Bankers Association - Voluntary Employees Beneficiary Assn's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.mobankers.com
Learn more at the official website: www.mobankers.com
Mission Statement of Missouri Bankers Association - Voluntary Employees Beneficiary Assn
MBA-Voluntary Employees Beneficiary Association (VEBA), a branch of the Missouri Bankers Association, is dedicated to extending insurance benefits to the workforce and their dependents of its member organizations. In simpler terms, it serves as a vital resource, offering comprehensive insurance coverage for health and dental, life, disability, accident, and felonious assault for the employees of Missouri banking institutions.
By acting as an intermediary for insurance services, MBA-VEBA ensures that the staff members of its affiliated banks have access to valuable benefits, providing them with peace of mind and security. The association processes claims incurred under group insurance policies and collects premiums on behalf of these plans. This arrangement not only benefits the employees, but also the member organizations, who can offer competitive insurance packages as part of their compensation packages, thus enhancing their appeal to potential candidates.
In essence, MBA-VEBA functions as a cooperative entity, pooling the resources and needs of its member banks to create a mutually beneficial system. This approach enables the association to negotiate favorable insurance terms, expand coverage options, and maintain a robust infrastructure to administer and manage the associated insurance plans. The ultimate goal is to empower Missouri banking employees with essential insurance coverage, contributing to their overall wellbeing and job satisfaction.
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Impact
October, 2024
The Missouri Bankers Association - Voluntary Employees Beneficiary Association (MBA-VEBA) plays a critical role in providing comprehensive insurance benefits to employees and their dependents within Missouri's banking sector. By offering group insurance plans, MBA-VEBA helps ensure that individual bank employees have access to essential coverage, including health, dental, life, disability, accident, and protection against felonious assault.
This organization mitigates financial risks for employees, enhancing their well-being and job satisfaction while fostering a secure work environment. With premium payments and claims incurred on group insurance, MBA-VEBA not only enhances the quality of life for banking professionals but also supports institutions in attracting and retaining talent in a competitive industry. Through its mission, MBA-VEBA significantly contributes to the stability and security of the banking workforce in Missouri, demonstrating a strong commitment to mutual benefit and the overall health of the banking community.
This information is meant to be a general summary of Missouri Bankers Association - Voluntary Employees Beneficiary Assn. 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: $23,036
- Program Service Revenue: $19,044,848
- Gross Receipts: $19,954,918
Assets and Liabilities:
- Total Assets: $1,303,120
- Total Liabilities: $2,298,518
- Net Assets: -$995,398
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PREMIUMS-GROUP INSUR.
Revenue
$19,044,848
Organization Details
Founding Year
1976
Phone
(573) 636-8151Principal Officer
Thomas R Page
Main Address
207 E CAPITOL AVE, JEFFERSON CITY, MO, 65101
Website
www.mobankers.comNTEE Category
Code: Y40 - Mutual benefit
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