Overview
What is Capreit Welfare Benefit Trust?
The Capreit Welfare Benefit Trust is a nonprofit entity dedicated to providing health and additional benefits to eligible employees of Capreit. Through a partially self-funded health program, it offers medical, dental, and prescription coverage, along with a premium conversion option. As the funding vehicle for these benefits for Capreit Operating LP, Capreit Residential Corporation, and Capreit Management, LLC, the Trust ensures that their respective employees receive necessary support.
Is Capreit Welfare Benefit Trust legitimate?
Capreit Welfare Benefit Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Capreit Welfare 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: $0
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What is the mission statement of Capreit Welfare Benefit Trust?
The Capreit Welfare Benefit Trust is dedicated to providing health and additional benefits to eligible employees of Capreit. It accomplishes this mission through a partially self-funded health program, offering medical, dental, and prescription coverage, as well as a premium conversion program. This trust serves as the funding source for these benefits for Capreit Operating LP, Capreit Residential Corporation, and Capreit Management, LLC, and their respective employees. In essence, the Capreit Welfare Benefit Trust aims to enhance the well-being of its employees by providing essential benefits and financial support.
Who is the CEO of Capreit Welfare Benefit Trust?
Ira Strassberg is the Trustee of Capreit Welfare Benefit Trust.
What is the revenue of Capreit Welfare Benefit Trust?
Capreit Welfare Benefit Trust's revenue in 2023 was $4,360,536.
Who are the executives of Capreit Welfare Benefit Trust and what are their salaries?
There is 1 key member and their salary:
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Capreit Welfare Benefit Trust?
Capreit Welfare Benefit Trust's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Capreit Welfare Benefit Trust
The Capreit Welfare Benefit Trust is dedicated to providing health and other beneficial offerings to the eligible employees of Capreit. This nonprofit organization operates through a partly self-funded health program, which encompasses medical, dental, and prescription benefits, alongside a premium conversion program. Serving as the funding vehicle for these benefits for Capreit Operating LP, Capreit Residential Corporation, and Capreit Management, LLC and their respective employees, the Trust ensures that eligible employees have access to essential benefits, thereby supporting their overall well-being.
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Impact
October, 2024
Capreit Welfare Benefit Trust plays a crucial role in enhancing the well-being of eligible employees at Capreit. It operates a partially self-funded health program that provides comprehensive benefits, including medical, dental, and prescription coverage. This support contributes significantly to the overall health and financial security of employees, fostering a more motivated and productive workforce.
By offering a premium conversion program, the Trust ensures that employees can access essential health benefits more affordably. This strategic approach not only aids in attracting and retaining talent but also promotes a culture of care and support within Capreit Operating LP, Capreit Residential Corporation, and Capreit Management, LLC.
Ultimately, the Trust’s initiatives create a more stable and satisfied employee base, directly impacting workplace morale and productivity. Through its dedicated services, the Capreit Welfare Benefit Trust has established itself as a vital component in advocating for the welfare of employees, thereby enhancing their quality of life.
This information is meant to be a general summary of Capreit Welfare 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 2023.
- Program Service Revenue: $4,360,536
- Gross Receipts: $4,360,536
Assets and Liabilities:
- Total Assets: $2,039,851
- Total Liabilities: $122,281
- Net Assets: $1,917,570
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER & EMPLOYEE CO
Revenue
$4,360,536
Organization Details
Founding Year
2013
Phone
(301) 231-8700Principal Officer
Ira Strassberg
Main Address
6116 EXECUTIVE BLVD 100, ROCKVILLE, MD, 20852
NTEE Category
Code: Y40 - Mutual benefit
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