Overview
What is Nea Members Insurance Trust?
Nea Members Insurance Trust is a nonprofit organization dedicated to offering life and accidental death and dismemberment insurance to the 3 million NEA (National Education Association) members and their dependents. Based in Gaithersburg, Maryland, the trust aims to provide these insurance benefits in accordance with the NEA Members Insurance Plan. It is a voluntary program that includes a Complimentary Life program, which is offered at no cost to the members. The trust's mission is to ensure NEA members have access to essential employee welfare benefits.
Is Nea Members Insurance Trust legitimate?
Nea Members Insurance Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Nea Members Insurance 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 Nea Members Insurance Trust?
The Nea Members Insurance Trust serves to extend employee welfare benefits to members of the National Education Association (NEA) and their dependents, in accordance with the NEA Members Insurance Plan. The Trust's primary objective is to offer life and accidental death and dismemberment insurance coverage, ensuring financial security for NEA members and their families. An additional benefit, the Complimentary Life program, is provided at no cost to the members. By providing these insurance offerings, the Trust strives to help alleviate the financial burdens and uncertainties that can accompany life's unexpected events for NEA members.
Who is the CEO of Nea Members Insurance Trust?
Noel Candelaria is the Chairperson of Nea Members Insurance Trust.
What is the revenue of Nea Members Insurance Trust?
Nea Members Insurance Trust's revenue in 2022 was $108,316,678.
Who are the executives of Nea Members Insurance Trust and what are their salaries?
Here are 9 key members and their salaries:
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- Related: $367,118
- Other: $125,575
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Where can I find the form 990 for Nea Members Insurance Trust?
Nea Members Insurance Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Nea Members Insurance Trust
Nea Members Insurance Trust, a vital organization, is dedicated to extending employee welfare benefits to members of the National Education Association (NEA) and their dependents, in accordance with the NEA Members Insurance Plan. This commitment is fulfilled through the provision of voluntary life and accidental death and dismemberment insurance coverage.
The Trust goes beyond the basic expectations by offering the Complimentary Life program as a generous gesture to NEA members, providing this essential coverage at no additional cost. With a membership base of over three million education professionals, Nea Members Insurance Trust plays an integral role in safeguarding their financial wellbeing and peace of mind. By catering to the needs of this diverse community, the Trust reinforces its unwavering dedication to its mission.
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Impact
October, 2024
Nea Members Insurance Trust significantly impacts the lives of National Education Association (NEA) members and their dependents by offering critical employee welfare benefits. With a focus on providing access to essential insurance products, it serves approximately 3 million members, ensuring they have financial protection in times of need. The Trust offers life and accidental death and dismemberment insurance, which members can voluntarily purchase, while also providing a Complimentary Life program at no cost. This commitment to safeguarding the well-being of its members enhances their peace of mind and financial security, ultimately supporting their dedication to education and community. By fulfilling these needs, Nea Members Insurance Trust promotes mutual benefit and solidarity within the educational workforce.
This information is meant to be a general summary of Nea Members Insurance 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: $13,854,130
- Program Service Revenue: $94,462,548
- Gross Receipts: $202,011,996
Assets and Liabilities:
- Total Assets: $153,761,845
- Total Liabilities: $23,573,721
- Net Assets: $130,188,124
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
NEA MEMBER CONTRB- PREF-TERM
Revenue
$2,160,908
NEA MEMBER CONTRB-LIFE/ADD
Revenue
$92,301,640
Organization Details
Founding Year
1978
Phone
(301) 251-9600Principal Officer
Noel Candelaria
Main Address
c/o MB 900 CLOPPER ROAD SUITE 300, GAITHERSBURG, MD, 20878
NTEE Category
Code: Y40 - Mutual benefit
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