Center For Nonprofit Advancement Benefits Trust

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 521467779 ✦ Washington, DC ✦ Designated as a 501(c)(9)

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Overview

What is Center For Nonprofit Advancement Benefits Trust?

The Center for Nonprofit Advancement Benefits Trust is a Washington, D.C.-based organization that offers group buying programs to nonprofits of all sizes, enabling them to access high-quality goods and services at reduced costs. These programs cover various areas, including medical, dental, vision, life, and disability insurance. By providing these benefits, nonprofits can redirect resources towards their missions, ensuring they continue to serve their communities effectively and efficiently. The Center's ongoing cost and quality control measures allow members to focus on their core activities without being bogged down by administrative tasks.


Official website here: wwww.nonprofitadvancement.org

Is Center For Nonprofit Advancement Benefits Trust legitimate?

Center For Nonprofit Advancement Benefits Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Center For Nonprofit Advancement Benefits 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: $119,450
Professional Fundraising Fees: $0
Other Salaries and Wages: $98,823

For more financial information, click here


Official website here: wwww.nonprofitadvancement.org

What is the mission statement of Center For Nonprofit Advancement Benefits Trust?

The Center for Nonprofit Advancement Benefits Trust offers medical, life, dental, and various other benefits to the employees of active members of the Center for Nonprofit Advancement. Through group buying programs, this organization enables nonprofits of all sizes to access high-quality goods and services at more affordable costs, allowing them to allocate more resources towards their missions. The Vitalhealth Group Buying Program offers significant offerings, such as medical, dental, vision, life, and disability insurance. This program helps nonprofits focus on serving their communities effectively and efficiently by managing costs and ensuring quality. By pooling resources, the Center for Nonprofit Advancement Benefits Trust empowers nonprofit organizations to provide better benefits for their staff, ultimately contributing to a stronger workforce and greater impact.


Official website here: wwww.nonprofitadvancement.org

Who is the CEO of Center For Nonprofit Advancement Benefits Trust?

Glen O'Gilvie is the Chief Executive Officer of Center For Nonprofit Advancement Benefits Trust. The CEO's salary of Center For Nonprofit Advancement Benefits Trust is $0 and their total compensation is $227,927.


Official website here: wwww.nonprofitadvancement.org

What is the revenue of Center For Nonprofit Advancement Benefits Trust?

Center For Nonprofit Advancement Benefits Trust's revenue in 2022 was $20,857,859.


Official website here: wwww.nonprofitadvancement.org

Who are the executives of Center For Nonprofit Advancement Benefits Trust and what are their salaries?

There 14 volunteers at Center For Nonprofit Advancement Benefits Trust.


Here are 17 key members and their salaries (Center For Nonprofit Advancement Benefits Trust's CEO's salary is $0 and their total compensation is $227,927):


Glen O'Gilvie (Chief Executive Officer)
  • Compensation: $0
  • Related: $209,766
  • Other: $18,161
Elisha Hardy (Benefit Trust Manager)
  • Compensation: $93,329
  • Related: $0
  • Other: $4,641
M&T Bank (Trustee)
  • Compensation: $21,480
  • Related: $0
  • Other: $0
Sylisa Woodward (Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Karen Williamson (Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Wayne Gibson (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jane Thompson (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Pasterick (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lupi Quinteros-Grady (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Margarita Rozenfeld (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Roberto Terrell (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ricardo Trujillo (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kevin Hinton (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Darryl Maxwell (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sultan Shakir (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Victor Valentine (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lajuana Warren (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: wwww.nonprofitadvancement.org

Where can I find the form 990 for Center For Nonprofit Advancement Benefits Trust?

Center For Nonprofit Advancement Benefits Trust's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: wwww.nonprofitadvancement.org

Learn more at the official website: wwww.nonprofitadvancement.org

Mission Statement of Center For Nonprofit Advancement Benefits Trust

The Center for Nonprofit Advancement Benefits Trust is a valuable resource for the employees of various nonprofit organizations. This trust offers a range of benefits, including medical, life, dental, and vision insurance, enabling these organizations to provide their staff with essential coverage at more affordable prices than they could attain individually.

By participating in the Center for Nonprofit Advancement Benefits Trust's group buying programs, nonprofits of all sizes can access high-quality goods and services. These offerings not only help nonprofits reduce costs but also allow them to devote more resources towards their mission, ensuring they continue to serve their communities effectively and efficiently.

The trust's ongoing cost and quality control measures empower nonprofits to focus on their essential work, rather than being preoccupied with securing competitive pricing for employee benefits. The largest offerings from the trust include medical, dental, vision, life, and disability insurance. These extensive benefits packages enable nonprofits to attract and retain top talent, ultimately strengthening their organizations and the communities they serve.

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Impact




October, 2024

The Center For Nonprofit Advancement Benefits Trust significantly enhances the operational capacity of member organizations by providing a comprehensive array of benefits, including medical, life, dental, and disability insurance. By facilitating access to group purchasing programs, it enables nonprofits of all sizes to secure high-quality goods and services at more competitive rates than they could achieve individually. This collective bargaining power not only reduces costs but also improves the quality of benefits offered to employees, thereby enhancing workforce satisfaction and retention.

The ongoing cost and quality control measures in place allow member organizations to concentrate their resources on fulfilling their missions and better serving their communities. By alleviating some of the financial burdens associated with employee benefits, the Trust empowers nonprofits to allocate more funds towards their core activities, ultimately leading to a greater positive impact on the communities they serve. Through this support, the Center For Nonprofit Advancement Benefits Trust plays a critical role in enabling these organizations to operate more efficiently and effectively.




This information is meant to be a general summary of Center For Nonprofit Advancement Benefits 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.

Revenue
$20,857,859 (2022)
Expenses
$20,646,466 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $1,920
  • Program Service Revenue: $20,855,939
  • Gross Receipts: $20,857,859

Assets and Liabilities:

  • Total Assets: $3,120,721
  • Total Liabilities: $1,912,576
  • Net Assets: $1,208,145

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

PREMIUMS

Revenue

$20,855,939

Organization Details

Founding Year

1983

Principal Officer

Glen O'Gilvie

Main Address

1717 K STREET NW 900, WASHINGTON, DC, 20006

NTEE Category

Code: Y40 - Mutual benefit

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