Overview
What is Principal Trust For Medicare-Eligible Post-Retirement Medical Benefits?
Principal Trust for Medicare-Eligible Post-Retirement Medical Benefits is a nonprofit organization that focuses on providing health benefits to its members. The organization funds these benefits through various programs, primarily by collecting taxes on the investment income of the trust. The trust then distributes these funds to support the healthcare needs of its members, covering expenses such as medical treatments and services. The trust's mission is to ensure the well-being of its retired members, providing them with essential medical care during their post-retirement years.
Is Principal Trust For Medicare-Eligible Post-Retirement Medical Benefits legitimate?
Principal Trust For Medicare-Eligible Post-Retirement Medical Benefits is a legitimate nonprofit organization registered as a 501(c)(9) entity. Principal Trust For Medicare-Eligible Post-Retirement Medical Benefits 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.
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What is the mission statement of Principal Trust For Medicare-Eligible Post-Retirement Medical Benefits?
Principal Trust For Medicare-Eligible Post-Retirement Medical Benefits is dedicated to delivering health benefits to its members. This is accomplished through a combination of funds generated from taxes on investment income and direct benefits provided to or on behalf of the members. The organization's primary goal is to ensure that its members have access to necessary healthcare services post-retirement.
What is the revenue of Principal Trust For Medicare-Eligible Post-Retirement Medical Benefits?
Principal Trust For Medicare-Eligible Post-Retirement Medical Benefits's revenue in 2023 was $1,063,280.
Who are the executives of Principal Trust For Medicare-Eligible Post-Retirement Medical Benefits and what are their salaries?
Here are 19 key members and their salaries:
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Where can I find the form 990 for Principal Trust For Medicare-Eligible Post-Retirement Medical Benefits?
Principal Trust For Medicare-Eligible Post-Retirement Medical Benefits's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Principal Trust For Medicare-Eligible Post-Retirement Medical Benefits
Principal Trust for Medicare-Eligible Post-Retirement Medical Benefits, as its name suggests, is a mission-driven entity dedicated to providing health benefits to its members. This organization achieves its goal by leveraging funds derived from taxes on the investment income of the trust and by distributing these benefits directly to or for the benefit of its members. In essence, Principal Trust serves as a safety net for its members, ensuring they have access to necessary healthcare services post-retirement. This mission is instrumental in enhancing the well-being of its members, enabling them to live their golden years with peace of mind, knowing they have adequate healthcare coverage.
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Impact
October, 2024
Principal Trust for Medicare-Eligible Post-Retirement Medical Benefits plays a vital role in supporting the health and well-being of its members by providing essential health benefits. The organization effectively manages funds generated from investment income, which helps to ensure that members receive necessary medical benefits, particularly for those eligible for Medicare. This financial support alleviates some of the healthcare costs for retirees, allowing them to access critical medical services without excessive financial burdens.
By focusing on the specific needs of Medicare-eligible individuals, the trust enhances the quality of life for its members, promoting better health outcomes and greater peace of mind. The model of utilizing taxes from investment income to fund member benefits demonstrates a sustainable approach to addressing post-retirement healthcare needs. Overall, the impact of Principal Trust for Medicare-Eligible Post-Retirement Medical Benefits is significant in fostering a supportive environment for retirees, ensuring they have the necessary resources to manage their health effectively.
This information is meant to be a general summary of Principal Trust For Medicare-Eligible Post-Retirement Medical Benefits. 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 2023.
- Investment Income: $732,365
- Program Service Revenue: $91,508
- Gross Receipts: $1,063,280
Assets and Liabilities:
- Total Assets: $26,214,168
- Total Liabilities: $0
- Net Assets: $26,214,168
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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
$88,197
Retiree Contributions
Revenue
$3,311
Organization Details
Founding Year
2015
Principal Officer
Mark Konrad
NTEE Category
Code: Y43 - Mutual benefit
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