Overview
What is American Federation Of Teachers Benefit Trust?
The American Federation of Teachers Benefit Trust is a nonprofit organization situated in Washington, D.C. Its primary objective is to enhance the medical, life, and disability insurance benefits for its participating union members, beyond what they collectively bargain for. The trust has chosen to transfer ownership of certain benefit programs to another provider, thereby generating revenue from these transferred and retained programs. This revenue is then invested back into augmenting the overall benefit programs for its members.
Is American Federation Of Teachers Benefit Trust legitimate?
American Federation Of Teachers Benefit Trust is a legitimate nonprofit organization registered as a 501(c)(5) entity. American Federation Of Teachers Benefit 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: $33,962
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What is the mission statement of American Federation Of Teachers Benefit Trust?
The American Federation of Teachers Benefit Trust's primary objective is to offer a range of medical, life, and disability insurance benefits to its participating union members. This serves as an additional enhancement to the collectively bargained benefits. The Trust has transferred the ownership of certain benefit programs to another provider, and the income generated from these transferred programs, along with income from programs retained by the Trust, is used to further expand and improve these member benefit programs.
Who is the CEO of American Federation Of Teachers Benefit Trust?
Fedrick Ingram is the Chairperson of American Federation Of Teachers Benefit Trust.
What is the revenue of American Federation Of Teachers Benefit Trust?
American Federation Of Teachers Benefit Trust's revenue in 2022 was $2,430,294.
Who are the executives of American Federation Of Teachers Benefit Trust and what are their salaries?
Here are 5 key members and their salaries:
- Compensation: $0
- Related: $370,069
- Other: $87,410
- Compensation: $0
- Related: $282,308
- Other: $84,048
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for American Federation Of Teachers Benefit Trust?
American Federation Of Teachers Benefit Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of American Federation Of Teachers Benefit Trust
The American Federation of Teachers Benefit Trust was established with the mission to offer a variety of medical, life, and disability insurance benefits to its participating union members. This was intended as an enhancement to the collective bargained benefits. Notably, the Trust transferred the ownership of certain benefit programs to another provider. The revenue generated from these transferred programs, in addition to income from programs retained by the Trust, is utilized to strengthen and expand the member benefit programs further.
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Impact
October, 2024
The American Federation of Teachers Benefit Trust significantly enhances the financial security and health coverage for its participating members by providing various medical, life, and disability insurance benefits. These benefits serve as a critical complement to collectively bargained agreements, ensuring that members have comprehensive protection against unforeseen circumstances.
By transferring the ownership of certain benefit programs to other providers, the Trust is able to generate additional revenue from both transferred and retained programs. This revenue is strategically reinvested into member benefit programs, facilitating improved services and support for federation members.
As a result, the impact of the American Federation of Teachers Benefit Trust extends beyond individual health and financial wellness; it fosters a sense of community and solidarity among members, allowing educators to focus on their mission of teaching without the added burden of financial uncertainty. This mutual benefit approach not only strengthens the individual well-being of educators but also contributes to a more resilient and supportive educational workforce.
This information is meant to be a general summary of American Federation Of Teachers Benefit 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.
- Gross Receipts: $2,430,294
Assets and Liabilities:
- Total Assets: $3,027,976
- Total Liabilities: $45,964
- Net Assets: $2,982,012
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Organization Details
Founding Year
1993
Phone
(202) 879-4500Principal Officer
Fedrick Ingram
Main Address
555 NEW JERSEY AVE NW, WASHINGTON, DC, 20001
NTEE Category
Code: Y30 - Mutual benefit
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