Overview
What is Southern States Group Benefits Trust?
Southern States Group Benefits Trust is a nonprofit organization, specifically designed for Southern States Cooperative, Inc., and its affiliated corporations. Their primary objective is to offer insured medical benefits to a total of 787 employees and retirees. Additionally, they provide non-insured medical and dependent care benefits to 229 employees who have chosen to participate in flexible spending accounts. The trust's mission is centered around Medical Benefit Plan Z, which is outlined in the attached Summary Plan Description. Their role is to ensure the well-being of their members by providing comprehensive medical coverage.
Is Southern States Group Benefits Trust legitimate?
Southern States Group Benefits Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Southern States Group 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Southern States Group Benefits Trust?
The Southern States Group Benefits Trust, serving 787 employees and retirees of Southern States Cooperative, Inc., and related corporations, is dedicated to providing a Medical Benefit Plan Z. Beyond this, the trust offers non-insured medical and dependent care benefits to an additional 229 employees. The primary mission of the Southern States Group Benefits Trust is to ensure the delivery of this comprehensive medical benefit plan, aiming to support the health needs of its members.
Who is the CEO of Southern States Group Benefits Trust?
Beth Donnelly is the Trustee of Southern States Group Benefits Trust.
What is the revenue of Southern States Group Benefits Trust?
Southern States Group Benefits Trust's revenue in 2022 was $9,812,364.
Who are the executives of Southern States Group Benefits 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 Southern States Group Benefits Trust?
Southern States Group Benefits Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Southern States Group Benefits Trust
Southern States Group Benefits Trust, in its mission, focuses on providing insured medical benefits for 787 employees and retirees of Southern States Cooperative, Inc., and related corporations. Beyond insured medical coverage, the Trust also offers non-insured medical/dependent care benefits to an additional 229 employees who have chosen flexible spending accounts, as outlined in the attached Summary Plan Description. In essence, the Trust's primary objective is to administer Medical Benefit Plan Z, ensuring the wellbeing of the beneficiaries by providing them with comprehensive medical coverage.
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Impact
October, 2024
Southern States Group Benefits Trust significantly enhances the well-being of its members by providing critical medical and dependent care benefits. Serving 787 employees and retirees of Southern States Cooperative, Inc. and its related corporations, the trust ensures access to insured medical benefits, fostering a healthier workforce. Additionally, by offering non-insured medical and dependent care benefits to 229 employees through flexible spending accounts, it empowers individuals to take control of their healthcare expenses. This comprehensive support not only improves employee health and satisfaction but also contributes to enhanced productivity and financial security within the community. The mission of the trust is to deliver Medical Benefit Plan Z, focusing on tangible benefits that directly impact the lives of its members in Richmond, VA, and beyond.
This information is meant to be a general summary of Southern States Group 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $2,414
- Program Service Revenue: $9,809,950
- Gross Receipts: $9,812,364
Assets and Liabilities:
- Total Assets: $1,559,030
- Total Liabilities: $227,687
- Net Assets: $1,331,343
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Employee Contributions
Revenue
$3,304,212
Employer Contributions
Revenue
$6,505,738
Organization Details
Founding Year
1989
Phone
(804) 281-1249Principal Officer
Beth Donnelly
Main Address
6606 West Broad Street, Richmond, VA, 23230
NTEE Category
Code: Y40 - Mutual benefit
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