Overview
What is North Carolina Bankers Association Health Benefit Trust?
The North Carolina Bankers Association Health Benefit Trust is a self-funded multiple employer welfare benefit plan based in Raleigh, North Carolina. In the previous plan year, they provided coverage for approximately 2,350 employees and their dependents from various member institutions. The trust collects premiums and makes claims payments in accordance with the trust agreement. This nonprofit organization offers health benefits to the banking community in North Carolina.
Is North Carolina Bankers Association Health Benefit Trust legitimate?
North Carolina Bankers Association Health Benefit Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. North Carolina Bankers Association Health 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:
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What is the mission statement of North Carolina Bankers Association Health Benefit Trust?
The North Carolina Bankers Association Health Benefit Trust operates as a self-funded multiple employer welfare association benefit plan. This means that it provides health coverage for employees and their dependents of institutions that are members of the North Carolina Bankers Association. The trust collects premiums and distributes claims payments in accordance with its trust agreement. The mission of the North Carolina Bankers Association Health Benefit Trust is to offer health benefits solutions to its member institutions and their employees, ensuring access to necessary healthcare services. By pooling resources, the trust enables smaller institutions to offer competitive and comprehensive health benefits to their workforce. The trust's primary goal is to provide cost-effective and efficient health coverage for its members, fostering a healthier workforce and promoting overall wellbeing.
Who is the CEO of North Carolina Bankers Association Health Benefit Trust?
Stephanie Tucker is the Chairman (Thru 12/31/21) of North Carolina Bankers Association Health Benefit Trust.
What is the revenue of North Carolina Bankers Association Health Benefit Trust?
North Carolina Bankers Association Health Benefit Trust's revenue in 2022 was $28,961,338.
Who are the executives of North Carolina Bankers Association Health Benefit Trust and what are their salaries?
Here are 5 key members and their salaries:
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Where can I find the form 990 for North Carolina Bankers Association Health Benefit Trust?
North Carolina Bankers Association Health Benefit Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of North Carolina Bankers Association Health Benefit Trust
The North Carolina Bankers Association Health Benefit Trust serves as a self-funded multiple employer welfare association, pooling resources from various North Carolina bank institutions to offer a comprehensive benefit plan. This organization's mission revolves around providing health coverage for the employees and their dependents of its member institutions.
The Trust collects premiums and processes claims in accordance with its trust agreement, ensuring the delivery of essential healthcare services to the beneficiaries. By pooling resources together, the Trust enables smaller institutions to offer competitive and affordable healthcare benefits to their employees. The Trust's operations center around facilitating access to healthcare services for a significant number of individuals, with an average of 2,350 employees and dependents being covered during the past plan year.
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Impact
October, 2024
The North Carolina Bankers Association Health Benefit Trust plays a significant role in providing health coverage to employees and their dependents of member institutions. By offering a self-funded multiple employer welfare association benefit plan, it has supported an average of 2,350 individuals in the past plan year. This initiative allows for a collective approach to health benefits, enabling member institutions to manage premiums and claims effectively in alignment with the trust agreement. Situated in Raleigh, North Carolina, the trust fosters a mutual benefit environment that strengthens the financial stability and health security of workers across the state's banking sector.
This information is meant to be a general summary of North Carolina Bankers Association Health 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 2022.
- Investment Income: $52,533
- Program Service Revenue: $28,908,805
- Gross Receipts: $28,961,338
Assets and Liabilities:
- Total Assets: $13,216,517
- Total Liabilities: $2,315,822
- Net Assets: $10,900,695
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PARTICIPANT CONTRIBUTIONS
Revenue
$27,179,193
REBATE & OTHER INCOME
Revenue
$1,643,272
COBRA PREMIUMS
Revenue
$86,340
Organization Details
Founding Year
1999
Phone
(919) 781-7979Principal Officer
Stephanie Tucker
Main Address
PO BOX 19999, RALEIGH, NC, 276191999
NTEE Category
Code: Y43 - Mutual benefit
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