Overview
What is First Community Bankshares Inc Welfare Benefits Trust?
First Community Bankshares Inc Welfare Benefits Trust is a nonprofit organization located in Bluefield, Virginia. Its primary mission is to offer medical, dental, vision, and cancer benefits to its participants, their dependents, and designated beneficiaries. This trust serves as a financial resource for individuals in need of these specific healthcare services, contributing to their overall well-being and peace of mind. The trust's focus on providing these essential healthcare benefits is essential for maintaining the health and wellness of its members.
Is First Community Bankshares Inc Welfare Benefits Trust legitimate?
First Community Bankshares Inc Welfare Benefits Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. First Community Bankshares Inc Welfare 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 First Community Bankshares Inc Welfare Benefits Trust?
The mission of First Community Bankshares Inc Welfare Benefits Trust is centered around providing financial assistance for medical, dental, vision, and cancer-related expenses. This organization aims to support the participants, their dependents, or designated beneficiaries by offering these specific benefits. The trust's primary goal is to contribute to the overall health and well-being of the individuals it serves by alleviating the financial burden associated with these medical conditions.
Who is the CEO of First Community Bankshares Inc Welfare Benefits Trust?
David Brown is the Trustee of First Community Bankshares Inc Welfare Benefits Trust.
What is the revenue of First Community Bankshares Inc Welfare Benefits Trust?
First Community Bankshares Inc Welfare Benefits Trust's revenue in 2022 was $5,786,351.
Who are the executives of First Community Bankshares Inc Welfare Benefits Trust and what are their salaries?
There 1 volunteer at First Community Bankshares Inc Welfare Benefits Trust.
There is 1 key member and their salary:
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for First Community Bankshares Inc Welfare Benefits Trust?
First Community Bankshares Inc Welfare Benefits Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of First Community Bankshares Inc Welfare Benefits Trust
First Community Bankshares Inc Welfare Benefits Trust is a dedicated entity that undertakes the mission of providing essential medical, dental, vision, and cancer benefits to its participants, their dependents, or designated beneficiaries. This nonprofit organization is committed to ensuring that those it serves have access to necessary healthcare services, offering financial assistance in times of medical need. By providing these benefits, First Community Bankshares Inc Welfare Benefits Trust contributes significantly to the well-being and overall health of its constituents, enhancing their quality of life and alleviating potential financial burdens that may arise from medical expenses.
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Impact
October, 2024
First Community Bankshares Inc Welfare Benefits Trust plays a vital role in supporting the health and well-being of its participants by ensuring access to essential medical, dental, vision, and cancer benefits. By providing these critical benefits, the trust significantly alleviates financial burdens associated with healthcare costs for participants, their dependents, and designated beneficiaries.
This initiative not only enhances the quality of life for individuals and families but also promotes overall community health. With a focus on mutual benefit, the trust fosters a sense of security and support among its members, encouraging a healthier workforce and contributing to the well-being of the community in Bluefield, VA. By addressing significant health needs, the welfare benefits trust demonstrates a dedicated commitment to improving the lives of its participants, allowing them to focus on their personal and professional responsibilities without the stress of unmanageable medical expenses.
This information is meant to be a general summary of First Community Bankshares Inc Welfare 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: $2,071
- Program Service Revenue: $5,784,280
- Gross Receipts: $5,786,351
Assets and Liabilities:
- Total Assets: $482,181
- Total Liabilities: $0
- Net Assets: $482,181
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYEE/EMPLOYER CONT
Revenue
$5,653,950
STOP LOSS REIMBURSEMEN
Revenue
$130,330
Organization Details
Founding Year
1999
Phone
(276) 326-9000Principal Officer
David Brown
Main Address
PO BOX 989, BLUEFIELD, VA, 24605
NTEE Category
Code: Y43 - Mutual benefit
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