Overview
What is Nreca Group Benefits Trust?
Nreca Group Benefits Trust is a nonprofit organization situated in Arlington, Virginia, specifically at 4301 Wilson Boulevard. The primary mission of this group is to provide health and welfare benefits for members affiliated with the National Rural Electric Cooperative Association (NRECA). They aim to meet the expenses related to offering these essential services through their group benefit trust structure. This organization's commitment revolves around enhancing the wellbeing of its members.
Official website here: www.electric.coop
Is Nreca Group Benefits Trust legitimate?
Nreca Group Benefits Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Nreca 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: $70,706
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.electric.coop
What is the mission statement of Nreca Group Benefits Trust?
The Nreca Group Benefits Trust is dedicated to delivering health and welfare benefits to members affiliated with the National Rural Electric Cooperative Association. Its primary mission is to enhance the wellbeing of these members by providing essential services. Through this trust, members have access to various health-related benefits designed to support their overall wellness. The trust's activities are focused on ensuring the distribution of resources necessary for the provision of these health and welfare services. By doing so, the Nreca Group Benefits Trust plays a crucial role in enriching the lives of its members.
Official website here: www.electric.coop
Who is the CEO of Nreca Group Benefits Trust?
Digna Louis is the Senior Vice President of Nreca Group Benefits Trust.
Official website here: www.electric.coop
What is the revenue of Nreca Group Benefits Trust?
Nreca Group Benefits Trust's revenue in 2022 was $725,995,934.
Official website here: www.electric.coop
Who are the executives of Nreca Group Benefits Trust and what are their salaries?
There 9 volunteers at Nreca Group Benefits Trust.
Here are 11 key members and their salaries:
- Compensation: $0
- Related: $1,075,400
- Other: $134,467
- Compensation: $0
- Related: $328,719
- Other: $161,711
- Compensation: $0
- Related: $285,452
- Other: $191,273
- Compensation: $0
- Related: $438,880
- Other: $32,575
- Compensation: $0
- Related: $288,392
- Other: $166,361
- Compensation: $0
- Related: $260,692
- Other: $146,143
- Compensation: $70,706
- Related: $0
- Other: $0
- Compensation: $0
- Related: $26,475
- Other: $20,500
- Compensation: $0
- Related: $23,607
- Other: $20,500
- Compensation: $0
- Related: $42,500
- Other: $0
- Compensation: $0
- Related: $4,000
- Other: $0
Official website here: www.electric.coop
Where can I find the form 990 for Nreca Group Benefits Trust?
Nreca Group Benefits Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.electric.coop
Learn more at the official website: www.electric.coop
Mission Statement of Nreca Group Benefits Trust
Nreca Group Benefits Trust, a group benefit trust, is dedicated to delivering health and welfare benefits to members affiliated with the National Rural Electric Cooperative Association. In simpler terms, Nreca Group Benefits Trust serves the community by ensuring its members have access to essential health and wellbeing services.
The trust's primary mission is to cater to the health and welfare needs of its members, who are part of the National Rural Electric Cooperative Association. By providing a comprehensive range of benefits, Nreca Group Benefits Trust aims to improve the overall wellbeing of those it serves, ensuring they have the necessary resources to lead healthy and fulfilling lives.
Nreca Group Benefits Trust's commitment to its members is reflected in its substantial program expenses, which are invested in delivering high-quality health and welfare services. This investment enables the trust to offer a wide array of benefits that cater to various health needs and circumstances, ultimately contributing to the wellbeing and peace of mind of its valued members.
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Impact
October, 2024
NRECA Group Benefits Trust plays a vital role in supporting the health and welfare of its members, particularly those associated with the National Rural Electric Cooperative Association. By providing a comprehensive suite of health and welfare benefits, the trust enhances the well-being of individuals and families within rural electric cooperatives.
Its focus on delivering cost-effective health programs ensures that members have access to essential services, which can include medical, dental, and wellness programs. This approach not only improves individual health outcomes but also strengthens community ties by fostering a culture of mutual support among cooperatives.
Moreover, NRECA Group Benefits Trust's impact extends into the financial realm by helping members manage healthcare costs more effectively, thereby allowing resources to be allocated towards other essential cooperative functions. Overall, the trust serves as a crucial resource that supports the health and economic stability of its members, contributing to their overall quality of life.
This information is meant to be a general summary of Nreca 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: -$24,155,508
- Program Service Revenue: $750,151,442
- Gross Receipts: $2,773,224,495
Assets and Liabilities:
- Total Assets: $694,733,318
- Total Liabilities: $171,249,450
- Net Assets: $523,483,868
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INSURANCE
Revenue
$750,151,442
Organization Details
Founding Year
1978
Phone
(703) 907-5960Principal Officer
Digna Louis
Main Address
4301 WILSON BOULEVARD, ARLINGTON, VA, 222031860
Website
www.electric.coopNTEE Category
Code: Y40 - Mutual benefit
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