Overview
What is Compass Rose Benefits Group?
Compass Rose Benefits Group is a nonprofit organization located in Reston, Virginia, with 35 employees. They specialize in providing health and other insurance products and services to civilian employees and retirees of the Department of Defense, the Department of State, and employees of Homeland Security and the Intelligence Community. As a sponsor of the Federal Employee Health Benefit Plan (FEHBP), Compass Rose Benefits Group offers coverage to specific federal government employees and annuitants. Their mission is to extend insurance coverage to United States government employees, enhancing their overall wellbeing.
Official website here: www.compassrosebenefits.com
Is Compass Rose Benefits Group legitimate?
Compass Rose Benefits Group is a legitimate nonprofit organization registered as a 501(c)(9) entity. Compass Rose Benefits Group 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 not tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $1,190,361
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,665,293
For more financial information, click here
What is the mission statement of Compass Rose Benefits Group?
Compass Rose Benefits Group focuses on providing health and other insurance coverage to employees and retirees of the United States government, specifically those working for the Department of Defense, Department of State, and Homeland Security, as well as those in the Intelligence Community. The organization sponsors a Federal Employee Health Benefit Plan (FEHBP), acting as an employee organization under this plan for certain federal employees and annuitants. The mission of Compass Rose Benefits Group is to ensure these individuals have access to essential insurance products and services, enhancing their overall well-being.
Official website here: www.compassrosebenefits.com
Who is the CEO of Compass Rose Benefits Group?
William Simmons is the President of Compass Rose Benefits Group.
Official website here: www.compassrosebenefits.com
What is the revenue of Compass Rose Benefits Group?
Compass Rose Benefits Group's revenue in 2022 was $217,402,891.
Official website here: www.compassrosebenefits.com
Who are the executives of Compass Rose Benefits Group and what are their salaries?
The average compensation at Compass Rose Benefits Group during 2022 was $110,162. There are 35 employees and 9 volunteers at Compass Rose Benefits Group.
Here are 18 key members and their salaries:
- Randy Stoughton (President)
- Sherri Herbert (Vice President)
- Paul Govatos (Chief Innovation Officer)
- William Simmons (Treasurer/Cfo)
- Kevin Lanning (Dir, Pharmacy Benefits/Mgr Hpa)
- Joni Huber (Director, Health Plan Admin)
- Dharti Desai (Controller)
- Peter Chan (System Architect)
- Zachary Rawn (Manager, Pharmacy Benefits)
- Kevin Smith (Director/Chairman)
- Barbara Blufer (Director)
- Beverly Christiana (Director)
- Ann Crouch (Director)
- Michael Forde (Director)
- Gwen Gaskins (Director)
- Joel Seltzer (Director)
- Tracy Griggs (Director)
- Mike Michaels (Director)
Official website here: www.compassrosebenefits.com
Where can I find the form 990 for Compass Rose Benefits Group?
The Compass Rose Benefits Group’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.compassrosebenefits.com
Learn more at the official website: www.compassrosebenefits.com
Mission Statement of Compass Rose Benefits Group
Compass Rose Benefits Group, a leading organization, is dedicated to extending health and specialized insurance coverage to the United States government employees and retirees of the Department of Defense, Department of State, and employees of Homeland Security and the Intelligence Community. By acting as a sponsor of the Federal Employee Health Benefit Plan (FEHBP), this employee organization caters to specific federal government employees and annuitants, offering them a diverse range of insurance products and services that are exclusively accessible within this group.
Impact
This information is meant to be a general summary of Compass Rose Benefits Group. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Compass Rose Benefits Group provides essential health and other insurance coverage to United States government employees, including civilian and retired employees of the Department of Defense, employees of the Department of State, employees of Homeland Security, and individuals within the intelligence community. Through its sponsorship of a Federal Employee Health Benefit Plan (FEHBP) as an employee organization plan, Compass Rose Benefits Group plays a crucial role in ensuring that these federal government workers and annuitants have access to specialized insurance products and services tailored to their unique needs. By offering mutual benefit through their insurance offerings, Compass Rose Benefits Group positively impacts the lives and well-being of these individuals who serve the nation.
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.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Insurance Premiums
Revenue
$210,523,427
Administrative Service Fees
Revenue
$5,575,839
Organization Details
Founding Year
1948
Phone
(571) 402-1344
Principal Officer
William Simmons
Main Address
11490 COMMERCE PARK DRIVE Suite 220, RESTON, VA, 20191
Website
www.compassrosebenefits.com
NTEE Category
Code: Y40 - Mutual benefit
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