Overview
What is Insurance Services Office Inc Health And Welfare Trust?
Insurance Services Office Inc Health And Welfare Trust is a nonprofit organization situated in Jersey City, New Jersey, specifically at 545 WASHINGTON BOULEVARD. Their primary mission is to fund the reimbursement of medical expenses for participants who have incurred medical costs, amounting to $676,850, under a Health Reimbursement Arrangement. This arrangement serves as a financial support system for those who require medical care. The trust's objective is to alleviate the financial burden associated with healthcare expenses, focusing on the reimbursement aspect.
Is Insurance Services Office Inc Health And Welfare Trust legitimate?
Insurance Services Office Inc Health And Welfare Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Insurance Services Office Inc Health And Welfare 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 Insurance Services Office Inc Health And Welfare Trust?
The Insurance Services Office Inc Health And Welfare Trust is committed to funding medical expense reimbursements under a Health Reimbursement Arrangement. This organization provides financial assistance to participants who have incurred medical expenses, as evident from the data showing a total of $676,850 spent on medical care. The mission of the Trust is centered around supporting individuals in managing their healthcare expenses, ensuring they receive the necessary medical care without undue financial burden.
Who is the CEO of Insurance Services Office Inc Health And Welfare Trust?
Principal Trust Company is the Trustee of Insurance Services Office Inc Health And Welfare Trust.
What is the revenue of Insurance Services Office Inc Health And Welfare Trust?
Insurance Services Office Inc Health And Welfare Trust's revenue in 2022 was -$10,019.
Who are the executives of Insurance Services Office Inc Health And Welfare Trust and what are their salaries?
There is 1 key member and their salary:
- Compensation: $5,782
- Related: $0
- Other: $0
Where can I find the form 990 for Insurance Services Office Inc Health And Welfare Trust?
Insurance Services Office Inc Health And Welfare Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Insurance Services Office Inc Health And Welfare Trust
Insurance Services Office Inc Health and Welfare Trust is committed to funding the reimbursement of medical expenses for participants under a Health Reimbursement Arrangement. This nonprofit organization ensures that individuals who have incurred medical costs are reimbursed, as demonstrated by the disbursement of $676,850 in medical expenses. By offering this financial support, the Trust helps individuals manage their healthcare expenses, contributing to their overall well-being. The mission of Insurance Services Office Inc Health and Welfare Trust is to provide financial assistance for medical costs, thereby easing the financial burden on participants who require medical care.
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Impact
October, 2024
The Insurance Services Office Inc Health And Welfare Trust plays a significant role in providing financial support for medical expenses through a structured Health Reimbursement Arrangement (HRA). By funding reimbursements for participants who have incurred healthcare costs, the trust enhances access to necessary medical services for its members.
In the recent funding cycle, the trust disbursed a total of $676,850 to reimburse medical expenses, alleviating the financial burden on participants and promoting their overall well-being. This initiative not only aids individuals in managing their healthcare costs but also encourages them to seek preventive and necessary medical care without the fear of overwhelming expenses.
Operating out of Jersey City, NJ, the trust fulfills its mission by ensuring that participants receive the support they need for their healthcare needs, ultimately contributing to a healthier community. The focus on mutual benefit underscores the trust's commitment to improving the lives of its members through accessible and manageable healthcare financial solutions.
This information is meant to be a general summary of Insurance Services Office Inc Health And Welfare 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: -$10,019
- Gross Receipts: $875,377
Assets and Liabilities:
- Total Assets: $7,723,225
- Total Liabilities: $0
- Net Assets: $7,723,225
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Organization Details
Founding Year
2012
Phone
(201) 469-2160Principal Officer
Principal Trust Company
Main Address
545 WASHINGTON BOULEVARD, JERSEY CITY, NJ, 07310
NTEE Category
Code: Y43 - Mutual benefit
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