The Principal Trust For Disability Benefits For Employees

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

EIN: 466591529 ✦ Des moines, IA ✦ Designated as a 501(c)(9)

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Overview

What is The Principal Trust For Disability Benefits For Employees?

The Principal Trust for Disability Benefits for Employees is a nonprofit organization that focuses on offering disability benefits to its members. This trust not only pays out benefits to its members but also manages its investment income taxes effectively. The organization's primary mission is to provide financial support to its members during challenging times, demonstrating a commitment to their well-being.

Is The Principal Trust For Disability Benefits For Employees legitimate?

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

The Principal Trust for Disability Benefits for Employees is committed to providing disability benefits to its members. The organization's mission is to manage its investment income taxes and distribute these benefits to its members in need. The trust serves as a financial safety net for its members during times of disability, providing them with the financial support they require. The trust's activities are centered around ensuring the financial well-being of its members during their periods of disability. The Principal Trust for Disability Benefits for Employees plays a crucial role in providing financial assistance, offering a sense of security and peace of mind to its members during challenging times.

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

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

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

The Principal Trust For Disability Benefits For Employees's revenue in 2022 was -$375,256.

Who are the executives of The Principal Trust For Disability 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 Disability Benefits For Employees?

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

Mission Statement of The Principal Trust For Disability Benefits For Employees

The Principal Trust for Disability Benefits for Employees is dedicated to providing disability benefits to its members. At the heart of its mission, this trust pays taxes on its investment income and dispenses benefits to, or on behalf of, its members. By undertaking these programs, the trust seeks to offer financial support during times of disability, providing a crucial safety net for its members.

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Impact




October, 2024

The Principal Trust for Disability Benefits for Employees plays a crucial role in supporting individuals facing disability by providing essential financial benefits. By ensuring that members receive compensation during times of inability to work, the Trust helps to stabilize their financial situations, allowing them to focus on recovery and rehabilitation rather than financial stress.

Through its structured programs, the Trust not only pays benefits directly to its members but also manages the investment income effectively to further enhance the financial support it can offer. This dual approach of benefit distribution and prudent financial management aids in sustaining the program's longevity and reliability for its members in Des Moines, Iowa, and beyond. By fulfilling these roles, the Trust significantly contributes to the well-being and security of employees facing disability challenges, fostering resilience and recovery within the community.




This information is meant to be a general summary of The Principal Trust For Disability 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
-$375,256 (2022)
Expenses
$4,717,627 (2022)
Efficiency

Other financial information:

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

  • Investment Income: -$375,256

Assets and Liabilities:

  • Total Assets: $2,952,328
  • Total Liabilities: $137,111
  • Net Assets: $2,815,217

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Organization Details

Founding Year

2011

Principal Officer

Mark Konrad

Main Address

711 High Street, Des Moines, IA, 50392

NTEE Category

Code: Y43 - Mutual benefit

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