Mdu Resources Group Inc Employee Benefit Trust

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

EIN: 450359941 ✦ Bismarck, ND ✦ Designated as a 501(c)(9)

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Overview

What is Mdu Resources Group Inc Employee Benefit Trust?

MDU Resources Group Inc Employee Benefit Trust is a charitable trust based in Bismarck, North Dakota, primarily dedicated to handling health and welfare benefits for active employees and certain retired personnel from specific subsidiaries and divisions of MDU Resources Group, Inc. By providing payments for various claims and premiums, this trust ensures that eligible employees have access to essential health and welfare services.

Is Mdu Resources Group Inc Employee Benefit Trust legitimate?

Mdu Resources Group Inc Employee Benefit Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Mdu Resources Group Inc Employee Benefit 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

For more financial information, click here

What is the mission statement of Mdu Resources Group Inc Employee Benefit Trust?

The Mdu Resources Group Inc Employee Benefit Trust is dedicated to making payments for health and welfare claims and premiums on behalf of active employees and certain retired employees of selected subsidiaries and divisions of MDU Resources Group. In essence, the trust serves to finance various health and welfare benefits for the eligible workforce. Through this commitment, the trust enhances the wellbeing and financial security of the employees, contributing significantly to their overall quality of life.

Who is the CEO of Mdu Resources Group Inc Employee Benefit Trust?

Jason L Vollmer is the Director of Mdu Resources Group Inc Employee Benefit Trust.

What is the revenue of Mdu Resources Group Inc Employee Benefit Trust?

Mdu Resources Group Inc Employee Benefit Trust's revenue in 2022 was $97,763,187.

Who are the executives of Mdu Resources Group Inc Employee Benefit Trust and what are their salaries?


Here are 9 key members and their salaries:


Jason Vollmer (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Stephanie Barth (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nancy Christenson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Julie Gerving (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Anne Jones (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tom Nosbusch (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Garret Senger (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Wells Fargo Mac N9310-060 (Trustee (Through 2/21/2022))
  • Compensation: $0
  • Related: $0
  • Other: $0
Principal Trust Company (Trustee (Effective 2/22/2022))
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Mdu Resources Group Inc Employee Benefit Trust?

Mdu Resources Group Inc Employee Benefit Trust's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Mdu Resources Group Inc Employee Benefit Trust

MDU Resources Group Inc Employee Benefit Trust is a dedicated program that assumes financial responsibility for paying various health and welfare claims and premiums for active employees and certain retired staff members of specific subsidiaries and divisions within MDU Resources Group, Inc. The primary objective of this trust is to ensure the well-being and financial security of the workforce by managing and processing their health and welfare benefits.

By undertaking the payment process for health and welfare claims and premiums, MDU Resources Group Inc Employee Benefit Trust plays a crucial role in enhancing the overall work environment and employee satisfaction. The trust provides a sense of security and peace of mind to employees, allowing them to focus on their job responsibilities and personal well-being without undue financial stress.

Moreover, by managing these benefits, MDU Resources Group Inc Employee Benefit Trust contributes significantly to the retention and motivation of employees. By offering comprehensive benefits packages, the trust helps to attract and retain top talent, which in turn fosters a more productive and engaged workforce. These benefits not only include coverage for medical, dental, and vision care but also extend to other essential services such as disability and life insurance.

In summary, MDU Resources Group Inc Employee Benefit Trust acts as a vital bridge between MDU Resources Group, Inc., and its employees, ensuring their health and welfare needs are met in a timely and efficient manner. By managing the payment process for a range of benefits, the trust plays a significant role in enhancing employee morale, motivation, and overall job satisfaction.

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Impact




October, 2024

MDU Resources Group Inc Employee Benefit Trust significantly impacts the well-being of active employees and certain retirees of its subsidiaries and divisions by providing essential health and welfare benefits. This program plays a crucial role in managing medical claims and covering premiums, ensuring employees have access to necessary healthcare services. By supporting the health and welfare of its workforce, the Trust fosters a productive work environment and contributes to employee satisfaction and retention. Additionally, this initiative helps to alleviate financial burdens related to healthcare, promoting overall job security and morale among employees. In essence, the Trust enhances the quality of life for its beneficiaries, reflecting a commitment to their health and welfare.




This information is meant to be a general summary of Mdu Resources Group Inc Employee Benefit 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.

Revenue
$97,763,187 (2022)
Expenses
$95,705,747 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $87,336
  • Program Service Revenue: $97,675,851
  • Gross Receipts: $97,763,187

Assets and Liabilities:

  • Total Assets: $9,834,698
  • Total Liabilities: $10,385,980
  • Net Assets: -$551,282

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Programs

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

EMPLOYER AND EMPLOYEE CONTRIBUTIONS TO TRUST

Revenue

$97,675,851

Organization Details

Founding Year

1980

Principal Officer

Jason L Vollmer

Main Address

PO BOX 5650, Bismarck, ND, 585065650

NTEE Category

Code: Y40 - Mutual benefit

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