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The Marc Group Inc Employee Benefit Plan Trust Agreement

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 562225644 ✦ Hendersonville, NC ✦ Designated as a 501(c)(9)

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Overview

What is The Marc Group Inc Employee Benefit Plan Trust Agreement?

The Marc Group Inc Employee Benefit Plan Trust Agreement is a vehicle established to cover specified medical expenses for eligible employees and their dependents, under a Voluntary Employer-funded Benefit Association (VEBA) plan. This nonprofit initiative primarily caters to rehabilitation centers located in western North Carolina, providing them with a health care plan to support their workers' wellbeing.


Official website here: www.marcinc.com

Is The Marc Group Inc Employee Benefit Plan Trust Agreement legitimate?

The Marc Group Inc Employee Benefit Plan Trust Agreement is a legitimate nonprofit organization registered as a 501(c)(9) entity. The Marc Group Inc Employee Benefit Plan Trust Agreement 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

For more financial information, click here


Official website here: www.marcinc.com

What is the mission statement of The Marc Group Inc Employee Benefit Plan Trust Agreement?

The mission of The Marc Group Inc's Employee Benefit Plan Trust Agreement is focused on providing a Voluntary Employer-sponsored Benefit Association (VEBA) health care plan. This plan is intended for participating rehabilitation centers situated in Western North Carolina. The primary objective is to cover specified medical expenses incurred by eligible employees and their dependent family members, all under the umbrella of the VEBA plan.


Official website here: www.marcinc.com

Who is the CEO of The Marc Group Inc Employee Benefit Plan Trust Agreement?

Michael Maybee is the Chairman of The Marc Group Inc Employee Benefit Plan Trust Agreement.


Official website here: www.marcinc.com

What is the revenue of The Marc Group Inc Employee Benefit Plan Trust Agreement?

The Marc Group Inc Employee Benefit Plan Trust Agreement's revenue in 2023 was $5,068,150.


Official website here: www.marcinc.com

Who are the executives of The Marc Group Inc Employee Benefit Plan Trust Agreement and what are their salaries?


Here are 14 key members and their salaries:


Tom O'Brien (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Neal Bebber (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Andrew Tye (Chairman Ele)
  • Compensation: $0
  • Related: $0
  • Other: $0
Audrey Gaddis (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Maybee (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joe Rigdon (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Julie Curry (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Allen Combs (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lance Crawford (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bill Sharek (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Amanda Freeman (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jamie Brandenburg (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Elena Cameron (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Will Mabry (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.marcinc.com

Where can I find the form 990 for The Marc Group Inc Employee Benefit Plan Trust Agreement?

The Marc Group Inc Employee Benefit Plan Trust Agreement's most recent form 990 was submitted in 2023 and can be accessed here.


Official website here: www.marcinc.com

Learn more at the official website: www.marcinc.com

Mission Statement of The Marc Group Inc Employee Benefit Plan Trust Agreement

The Marc Group Inc Employee Benefit Plan Trust Agreement is committed to providing a VEBA (Voluntary Employer-Based Association) healthcare plan. This mission is aimed at supporting participating rehabilitation centers located in Western North Carolina. By establishing this VEBA plan, the agreement seeks to cover specified medical expenses incurred by eligible employees and their dependents. This initiative serves as a means to alleviate some of the financial burden associated with healthcare, ensuring that these employees and their families have access to necessary medical services.

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Impact




October, 2024

The Marc Group Inc Employee Benefit Plan Trust Agreement primarily impacts participating rehabilitation centers in Western North Carolina by offering a Voluntary Employees' Beneficiary Association (VEBA) health care plan. This initiative provides a structured way to cover specific medical expenses for eligible employees and their covered dependents, enhancing their access to necessary health care services.

By facilitating the payment or reimbursement of medical costs, the trust agreement alleviates financial burdens on employees, ensuring they receive appropriate medical attention without significant out-of-pocket expenses. This support contributes to the overall wellness of employees, which can lead to increased job satisfaction, reduced turnover rates, and improved productivity within the rehabilitation centers.

Overall, the agreement plays a critical role in promoting the health and well-being of employees in this sector, fostering a supportive work environment and enabling rehabilitation centers to attract and retain skilled professionals in a challenging field.




This information is meant to be a general summary of The Marc Group Inc Employee Benefit Plan Trust Agreement. 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.

Revenue
$5,068,150 (2023)
Expenses
$5,070,341 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $502
  • Program Service Revenue: $5,067,648
  • Gross Receipts: $5,068,150

Assets and Liabilities:

  • Total Assets: $200,561
  • Total Liabilities: $0
  • Net Assets: $200,561

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

MEMBER HEALTH BENEFIT CONTRIB

Revenue

$4,899,163

REINSURANCE PROCEEDS

Revenue

$168,485

Organization Details

Founding Year

2001

Principal Officer

Michael Maybee

Main Address

PO BOX 2122, HENDERSONVILLE, NC, 28792

NTEE Category

Code: X20 - Religion related

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