Overview
What is Ntca Regional Retiree Medical Funding Trust Ii C/O Nat'L Telecommun Coop Assoc?
Ntca Regional Retiree Medical Funding Trust Ii, under the oversight of National Telecommunications Cooperative Association (Nat'L Telecommun Coop Assoc), serves as a funding vehicle for selected telecommunications companies based in Kentucky, Arkansas, and Texas. Its primary mission is to aid these member systems in fulfilling their financial obligations towards retiree benefits, including medical care, sickness, and accident coverage. By acting as an adequate funding resource, the trust aims to ensure the continued provision of these benefits for eligible current and former employees upon their retirement. This initiative ultimately helps maintain the well-being of retirees in these telecommunications companies.
Is Ntca Regional Retiree Medical Funding Trust Ii C/O Nat'L Telecommun Coop Assoc legitimate?
Ntca Regional Retiree Medical Funding Trust Ii C/O Nat'L Telecommun Coop Assoc is a legitimate nonprofit organization registered as a 501(c)(9) entity. Ntca Regional Retiree Medical Funding Trust Ii C/O Nat'L Telecommun Coop Assoc 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 Ntca Regional Retiree Medical Funding Trust Ii C/O Nat'L Telecommun Coop Assoc?
The Ntca Regional Retiree Medical Funding Trust Ii, administered by the National Telecommunications Cooperative Association, serves as a funding vehicle to assist its member companies. Its primary mission is to help these companies based in Kentucky, Arkansas, and Texas meet their liabilities for sickness, accident, and other welfare benefits for eligible current and former employees upon retirement. The trust provides a financial resource to ensure the continued provision of these benefits, thereby offering support to retired employees.
Who is the CEO of Ntca Regional Retiree Medical Funding Trust Ii C/O Nat'L Telecommun Coop Assoc?
Shirley Bloomfield is the CEO of Ntca Regional Retiree Medical Funding Trust Ii C/O Nat'L Telecommun Coop Assoc The CEO's salary of Ntca Regional Retiree Medical Funding Trust Ii C/O Nat'L Telecommun Coop Assoc is $0 and their total compensation is $1,323,208.
What is the revenue of Ntca Regional Retiree Medical Funding Trust Ii C/O Nat'L Telecommun Coop Assoc?
Ntca Regional Retiree Medical Funding Trust Ii C/O Nat'L Telecommun Coop Assoc's revenue in 2023 was $3,466,953.
Who are the executives of Ntca Regional Retiree Medical Funding Trust Ii C/O Nat'L Telecommun Coop Assoc and what are their salaries?
There 8 volunteers at Ntca Regional Retiree Medical Funding Trust Ii C/O Nat'L Telecommun Coop Assoc.
Here are 10 key members and their salaries (Ntca Regional Retiree Medical Funding Trust Ii C/O Nat'L Telecommun Coop Assoc's CEO's salary is $0 and their total compensation is $1,323,208):
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- Related: $261,896
- Other: $106,472
- Compensation: $0
- Related: $1,039,580
- Other: $283,628
Where can I find the form 990 for Ntca Regional Retiree Medical Funding Trust Ii C/O Nat'L Telecommun Coop Assoc?
Ntca Regional Retiree Medical Funding Trust Ii C/O Nat'L Telecommun Coop Assoc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Ntca Regional Retiree Medical Funding Trust Ii C/O Nat'L Telecommun Coop Assoc
Ntca Regional Retiree Medical Funding Trust II, under the auspices of Nat'L Telecommun Coop Assoc, serves as an essential funding vehicle for its member companies domiciled in Kentucky, Arkansas, and Texas. Its primary mission is to assist these companies in meeting their liabilities for sickness, accident, and other welfare benefits for eligible current and former employees upon retirement. By providing a funding mechanism, this trust enables its member organizations to maintain the well-being of their retirees, ensuring they continue to receive essential medical and other benefits. This support is instrumental in upholding the dignity and security of retired employees, allowing them to live their post-career lives with peace of mind.
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Impact
October, 2024
Ntca Regional Retiree Medical Funding Trust Ii C/O Nat'L Telecommun Coop Assoc plays a crucial role in supporting member systems in Kentucky, Arkansas, and Texas by providing a reliable funding mechanism for managing liabilities associated with health and welfare benefits. By enabling organizations to set aside funds specifically for covering costs related to sickness, accidents, and other employee welfare needs, this trust significantly aids in ensuring that eligible current and former employees receive their promised benefits upon retirement.
This structured approach to funding helps reduce financial strain on member companies, fostering a healthier workforce and contributing to overall employee satisfaction and security. The trust thus not only enhances the financial stability of these organizations but also positively impacts the well-being of their retirees by ensuring access to necessary health benefits. This initiative promotes sustainability within the telecommunications sector by enabling companies to efficiently manage their long-term obligations to employees, ultimately benefiting the wider community supported by these member organizations.
This information is meant to be a general summary of Ntca Regional Retiree Medical Funding Trust Ii C/O Nat'L Telecommun Coop Assoc. 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 2023.
- Investment Income: $2,261,372
- Program Service Revenue: $80,000
- Gross Receipts: $9,689,023
Assets and Liabilities:
- Total Assets: $65,606,869
- Total Liabilities: $11,848
- Net Assets: $65,595,021
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Retirement Funding
Revenue
$80,000
Organization Details
Founding Year
1993
Principal Officer
Shirley Bloomfield
NTEE Category
Code: Y40 - Mutual benefit
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