The Principal Trust For Life Insurance Benefits For Employees

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

EIN: 450493921 ✦ Des moines, IA ✦ Designated as a 501(c)(9)

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Overview

What is The Principal Trust For Life Insurance Benefits For Employees?

The Principal Trust for Life Insurance Benefits for Employees, situated in Des Moines, Iowa, functions as a fraternal organization. Their primary objective is to extend life insurance benefits to its members. As a nonprofit entity, their mission revolves around providing financial security and peace of mind to their members, ensuring they are well-equipped to handle unexpected life events. The organization operates based on its core values and commitment to its members.

Is The Principal Trust For Life Insurance Benefits For Employees legitimate?

The Principal Trust For Life Insurance Benefits For Employees is a legitimate nonprofit organization registered as a 501(c)(9) entity. The Principal Trust For Life Insurance Benefits For Employees 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 The Principal Trust For Life Insurance Benefits For Employees?

The Principal Trust for Life Insurance Benefits for Employees is an organization dedicated to providing life insurance benefits to its members. Their mission, in essence, revolves around ensuring the financial security of individuals by offering necessary life insurance coverage. This fraternal organization strives to fulfill this purpose, serving as a reliable source of protection for its members.

Who is the CEO of The Principal Trust For Life Insurance Benefits For Employees?

Mark Konrad is the Investment Committee of The Principal Trust For Life Insurance Benefits For Employees.

What is the revenue of The Principal Trust For Life Insurance Benefits For Employees?

The Principal Trust For Life Insurance Benefits For Employees's revenue in 2022 was $8,701,370.

Who are the executives of The Principal Trust For Life Insurance Benefits For Employees and what are their salaries?


Here are 16 key members and their salaries:


Dennis Menken (Investment Committee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jack Bishop (Investment Committee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lisa Coulson (Investment Committee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kara Hoogensen (Investment Committee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kenneth Mccullum (Investment Committee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joel Pitz (Investment Committee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dwight Soethout (Investment Committee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Deanna Strable (Investment Committee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Janis Winterhof (Investment Committee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lisa Coulson (Administration Committee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joseph Mccarty (Administration Committee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nathan Schelhaas (Administration Committee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jon Couture (Administration Committee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Andrew Dion (Administration Committee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kevin Farley (Administration Committee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gina Graham (Administration Committee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for The Principal Trust For Life Insurance Benefits For Employees?

The Principal Trust For Life Insurance Benefits For Employees's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of The Principal Trust For Life Insurance Benefits For Employees

The Principal Trust for Life Insurance Benefits for Employees, as a fraternal organization, is committed to its mission of providing Life Insurance Benefits to its members. This mission is at the heart of its operations, serving as a guiding principle that drives its actions and services. By focusing on the provision of life insurance benefits, the organization seeks to offer a sense of security and peace of mind to its members. This mission is not just a statement of purpose, but a promise to stand by its members in times of need, providing the necessary financial support during challenging circumstances.

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Impact




October, 2024

The Principal Trust for Life Insurance Benefits for Employees has a significant impact on its members by ensuring access to essential life insurance benefits. By providing these benefits, the organization offers financial security and peace of mind, particularly in times of need. This support can alleviate the financial burden on families following an unexpected loss, enabling them to cover expenses such as mortgage payments, education costs, and daily living expenses.

The organization fosters a sense of community among members, reinforcing the importance of mutual support and shared benefits. By focusing on life insurance, it empowers individuals to safeguard their loved ones' future, promoting financial stability and resilience within families. Overall, the Principal Trust enhances the quality of life for its members through its dedicated services and commitment to their well-being.




This information is meant to be a general summary of The Principal Trust For Life Insurance Benefits For Employees. 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
$8,701,370 (2022)
Expenses
$9,638,797 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $1,527,372
  • Program Service Revenue: $7,173,998
  • Gross Receipts: $8,701,370

Assets and Liabilities:

  • Total Assets: $31,045,128
  • Total Liabilities: $2,660
  • Net Assets: $31,042,468

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Programs

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

Principal Life Contributions

Revenue

$3,514,995

Employee Contributions

Revenue

$3,564,848

Retiree Contributions

Revenue

$94,155

Organization Details

Founding Year

2003

Principal Officer

Mark Konrad

Main Address

711 High Street, Des Moines, IA, 50392

NTEE Category

Code: Y43 - Mutual benefit

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