Overview
What is Johns Hopkins Univ App Phys Lab Med & Den Ins Trst?
Johns Hopkins University Application Physics Lab Medical and Dental Insurance Trust is a nonprofit organization dedicated to funding health and welfare benefits for employees, their dependents, and retirees of JHUAPL. Based primarily in Pittsburgh, Pennsylvania, the trust's main objective is to ensure the provision of medical and dental insurance coverage. The trust's expenses are primarily split between healthcare benefits and administrative costs. Major sources of revenue for the trust include employer and participant contributions, investment income, rebates, Medicare subsidies, and transfers from other trusts to fund liabilities.
Is Johns Hopkins Univ App Phys Lab Med & Den Ins Trst legitimate?
Johns Hopkins Univ App Phys Lab Med & Den Ins Trst is a legitimate nonprofit organization registered as a 501(c)(9) entity. Johns Hopkins Univ App Phys Lab Med & Den Ins Trst 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 Johns Hopkins Univ App Phys Lab Med & Den Ins Trst?
The Johns Hopkins University Applied Physics Lab Medical and Dental Insurance Trust serves to provide medical and dental insurance coverage for the employees, their dependents, and retirees of JHUAPL. The trust's primary focus is on ensuring the health and welfare benefits for its recipients. The trust's objective revolves around funding these payments, with administrative expenses related to the trust's exempt purpose making up the remainder of the expenditures. The main sources of revenue for the trust include employer and participant contributions, investment income, rebates, Medicare subsidies, and transfers from other trusts.
Who is the CEO of Johns Hopkins Univ App Phys Lab Med & Den Ins Trst?
Minh Huebner is the Trustee of Johns Hopkins Univ App Phys Lab Med & Den Ins Trst.
What is the revenue of Johns Hopkins Univ App Phys Lab Med & Den Ins Trst?
Johns Hopkins Univ App Phys Lab Med & Den Ins Trst's revenue in 2022 was $121,098,543.
Who are the executives of Johns Hopkins Univ App Phys Lab Med & Den Ins Trst and what are their salaries?
There is 1 key member and their salary:
- Compensation: $40,870
- Related: $0
- Other: $0
Where can I find the form 990 for Johns Hopkins Univ App Phys Lab Med & Den Ins Trst?
Johns Hopkins Univ App Phys Lab Med & Den Ins Trst's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Johns Hopkins Univ App Phys Lab Med & Den Ins Trst
Johns Hopkins Univ App Phys Lab Med & Den Ins Trst, also known as the Johns Hopkins University Applied Physics Laboratory Medical and Dental Insurance Trust, is a mission-driven organization dedicated to providing essential health and dental insurance coverage for the employees, their dependents, and retirees of Johns Hopkins Applied Physics Laboratory.
The Trust's primary objective is to ensure the wellbeing of its beneficiaries by funding and administering a comprehensive medical and dental insurance program. The Trust's exempt purpose is geared toward meeting the health and welfare needs of Johns Hopkins Applied Physics Laboratory's workforce and their families. The expenses incurred by the Trust are primarily for healthcare benefits and the related administrative costs associated with managing the Trust's exempt purpose.
The Trust receives its revenue primarily from employer and participant contributions. These contributions are essential for the Trust to cover the costs of providing health and dental insurance coverage to its beneficiaries. In addition, the Trust generates income from investments, rebates, Medicare subsidies, and transfers from other trusts to fund plan liabilities that have been transferred to this Trust. By pooling resources and leveraging economies of scale, the Trust is able to offer a competitive and comprehensive benefits package to its members. The Trust's dedication to providing quality health and dental insurance coverage for its members enables them to focus on their work and personal lives with peace of mind.
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Impact
October, 2024
Johns Hopkins University Applied Physics Laboratory Medical and Dental Insurance Trust (JHUAPL) plays a crucial role in ensuring the health and well-being of its employees, their dependents, and retirees. By providing medical and dental insurance coverage, it facilitates access to essential healthcare services. The trust's primary mission is to fund health and welfare benefits, which significantly contributes to the overall financial and physical security of its beneficiaries.
The trust generates revenue primarily through employer and participant contributions, supplemented by investment income, rebates, and payments from other trusts. This funding model allows it to cover a range of health-related expenses effectively, ensuring that the individuals associated with JHUAPL can maintain their health without the burden of overwhelming medical costs.
Additionally, the trust's operations are conducted with administrative expenses kept minimal, thus maximizing the resources allocated for health and welfare benefits. By fulfilling its purpose, the JHUAPL enhances employee satisfaction and retention, ultimately contributing to a more stable and productive workforce. The impact of the trust extends beyond individual health, fostering a supportive community within the organization and promoting a culture of care and well-being.
This information is meant to be a general summary of Johns Hopkins Univ App Phys Lab Med & Den Ins Trst. 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: $267,344
- Program Service Revenue: $105,011,834
- Gross Receipts: $121,153,348
Assets and Liabilities:
- Total Assets: $20,644,942
- Total Liabilities: $0
- Net Assets: $20,644,942
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTIONS
Revenue
$75,666,161
PARTICIPANT CONTRIBUTIONS
Revenue
$29,345,673
Organization Details
Founding Year
1981
Phone
(240) 228-5000Principal Officer
Minh Huebner
Main Address
PNC 116 ALLEGHENY CTR P8-YB35-02-Z, PITTSBURGH, PA, 15212
NTEE Category
Code: Y20 - Mutual benefit
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