Overview
What is Lone Star Independent School Consortium?
Lone Star Independent School Consortium is a nonprofit organization dedicated to empowering educational institutions in Texas by offering collective purchasing opportunities. Their primary focus is on providing health insurance coverage to over 500 faculty and staff members, along with their families. By pooling resources, the consortium has managed to accumulate assets beyond the premiums paid in previous years. These reserves are utilized to lessen potential future increases in health insurance premiums, thereby benefiting the members financially. The consortium's mission is to enhance the well-being of its members by offering cost-effective, high-quality services and products.
Is Lone Star Independent School Consortium legitimate?
Lone Star Independent School Consortium is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lone Star Independent School Consortium submitted a form 990EZ, 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.
What is the mission statement of Lone Star Independent School Consortium?
The Lone Star Independent School Consortium's mission is centered around offering beneficial products and services for educators and staff. This is primarily achieved through joint purchasing, which allows for cost savings. One of their key initiatives is providing group health insurance coverage to over 500 employees and their families. Additionally, the consortium has accumulated assets exceeding premiums from previous years. This excess funds serve as a reserve, helping to mitigate potential future increases in health insurance premiums.
Who is the CEO of Lone Star Independent School Consortium?
Barbara Garber is the Secretary of Lone Star Independent School Consortium.
What is the revenue of Lone Star Independent School Consortium?
Lone Star Independent School Consortium's revenue in 2022 was $1,028.
Who are the executives of Lone Star Independent School Consortium and what are their salaries?
Here are 7 key members and their salaries:
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Where can I find the form 990EZ for Lone Star Independent School Consortium?
Lone Star Independent School Consortium's most recent form 990EZ was submitted in 2022 and can be accessed here.
Mission Statement of Lone Star Independent School Consortium
Lone Star Independent School Consortium is a nonprofit organization that focuses on providing products and services for the faculty and staff of various educational institutions. Its primary mission is to facilitate joint purchasing, particularly in the realm of health insurance. This mission allows the consortium to offer health insurance coverage for over 500 employees and their families. One of the unique aspects of Lone Star Independent School Consortium's activities is the accumulation of assets, which is a result of collecting premiums from prior years. These assets serve as a safety net, helping to mitigate potential increases in future health insurance premiums. In essence, Lone Star Independent School Consortium leverages its collective purchasing power to offer affordable and sustainable health insurance solutions to its member schools and their staff.
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Impact
October, 2024
The Lone Star Independent School Consortium significantly impacts faculty and staff in the educational sector by providing a collective approach to purchasing essential products and services. By facilitating joint purchasing, the consortium effectively offers health insurance options for over 500 employees and their families, enhancing access to necessary healthcare benefits.
Moreover, the consortium's strategy of accumulating assets from previous years' premiums plays a crucial role in stabilizing future health insurance costs. This proactive financial management helps mitigate the likelihood of steep premium increases, contributing to the financial well-being of its members. Overall, the Lone Star Independent School Consortium fosters a collaborative environment that not only supports employees through valuable services but also strengthens the sustainability of their benefits over time.
This information is meant to be a general summary of Lone Star Independent School Consortium. 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.
- Gross Receipts: $1,028
Assets and Liabilities:
- Total Assets: $105,019
- Total Liabilities: $0
- Net Assets: $105,019
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Organization Details
Phone
(302) 656-4944Principal Officer
Barbara Garber
Main Address
2207 CONCORD PIKE 417, WILMINGTON, DE, 19803
NTEE Category
Code: Z99 - Unknown
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