Overview
What is Minnesota Commercial Railway Benefit Trust?
The Minnesota Commercial Railway Benefit Trust is a nonprofit organization established with the goal of offering medical, sickness, accident, and related benefits to eligible employees and their dependents at a reduced cost of administration and experience rating. By doing so, the trust aims to provide these benefits through various programs that incorporate administration premiums, ensuring affordability and ease for the sponsoring employer and its workforce.
Is Minnesota Commercial Railway Benefit Trust legitimate?
Minnesota Commercial Railway Benefit Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Minnesota Commercial Railway 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
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What is the mission statement of Minnesota Commercial Railway Benefit Trust?
The Minnesota Commercial Railway Benefit Trust was instituted with a mission to provide medical, sickness, and accident benefits, along with similar coverage, to eligible employees and their dependents. This is done at a reduced cost compared to standard administrative and experience rating fees. The trust achieves this by implementing various programs that include administering premiums, aiming to make these essential benefits more accessible and affordable.
Who is the CEO of Minnesota Commercial Railway Benefit Trust?
Michael E Lebakken is the Trustee of Minnesota Commercial Railway Benefit Trust.
What is the revenue of Minnesota Commercial Railway Benefit Trust?
Minnesota Commercial Railway Benefit Trust's revenue in 2022 was $2,049,917.
Who are the executives of Minnesota Commercial Railway Benefit Trust and what are their salaries?
Here are 2 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Minnesota Commercial Railway Benefit Trust?
Minnesota Commercial Railway Benefit Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Minnesota Commercial Railway Benefit Trust
Minnesota Commercial Railway Benefit Trust was founded with a mission to extend essential medical, sickness, accident, and related benefits to eligible employees and their dependents. This mission is carried out with the objective of offering these benefits at a reduced cost of administration and experience rating. The trust achieves this by implementing programs that manage premiums effectively, thereby providing financial relief to the sponsoring employer and its employees. The trust's mission is geared towards ensuring that eligible individuals have access to vital healthcare services at a more affordable price, thereby enhancing their overall well-being.
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Impact
October, 2024
Minnesota Commercial Railway Benefit Trust significantly impacts the well-being of eligible employees and their dependents by providing essential medical, sickness, and accident benefits. By focusing on reduced administrative costs and favorable experience rating, the Trust ensures that these benefits remain accessible and affordable. This support not only enhances the financial security of employees but also promotes a healthier workforce, ultimately contributing to higher employee satisfaction and retention. The programs offered under this Trust serve as a vital resource, fostering a culture of care and support within the sponsoring employer's organization.
This information is meant to be a general summary of Minnesota Commercial Railway 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $18,090
- Gross Receipts: $2,049,917
Assets and Liabilities:
- Total Assets: $269,688
- Total Liabilities: $0
- Net Assets: $269,688
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Organization Details
Founding Year
2011
Phone
(651) 632-9010Principal Officer
Michael E Lebakken
Main Address
14047 PETRONELLA DRIVE 201, LIBERTYVILLE, IL, 60048
NTEE Category
Code: Y43 - Mutual benefit
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