Overview
What is North Carolina Bar Association Health Benefit Trust?
The North Carolina Bar Association Health Benefit Trust is a self-funded, multiple-employer welfare plan established as a non-profit entity, headquartered in Cary, North Carolina. With over 4,500 participants as of September 30, 2022, the Trust provides benefits to employees of participating employers. The Trust functions as a health benefit program, allowing employees to enroll in coverage upon employment.
Is North Carolina Bar Association Health Benefit Trust legitimate?
North Carolina Bar Association Health Benefit Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. North Carolina Bar 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:
Executive Compensation: $5,250
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of North Carolina Bar Association Health Benefit Trust?
The North Carolina Bar Association Health Benefit Trust operates as a non-profit entity, serving as a self-funded multiple-employer welfare plan. Its primary objective is to provide health benefits to employees of participating employers. Upon employment, an employee has the option to enroll in the Trust's health benefit program. The Trust currently boasts a membership of over 4,500 participants.
Who is the CEO of North Carolina Bar Association Health Benefit Trust?
Elizabeth W Voltz is the Trust Chair of North Carolina Bar Association Health Benefit Trust.
What is the revenue of North Carolina Bar Association Health Benefit Trust?
North Carolina Bar Association Health Benefit Trust's revenue in 2022 was $53,966,395.
Who are the executives of North Carolina Bar Association Health Benefit Trust and what are their salaries?
Here are 6 key members and their salaries:
- Compensation: $1,050
- Related: $0
- Other: $0
- Compensation: $1,050
- Related: $0
- Other: $0
- Compensation: $1,050
- Related: $0
- Other: $0
- Compensation: $1,050
- Related: $0
- Other: $0
- Compensation: $1,050
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for North Carolina Bar Association Health Benefit Trust?
North Carolina Bar Association Health Benefit Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of North Carolina Bar Association Health Benefit Trust
The North Carolina Bar Association Health Benefit Trust is a non-profit entity that operates a self-funded multiple-employer welfare plan. This Trust, which currently has over 4,500 participants, provides health benefits to employees of participating employers upon their employment. The Trust's primary mission is to operate as a health benefit program, offering coverage to employees of various participating organizations. By pooling resources from multiple employers, the Trust is able to provide cost-effective and comprehensive health benefits to a large number of individuals. The Trust is not-for-profit and exists solely for the purpose of extending health benefits to its members.
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Impact
October, 2024
The North Carolina Bar Association Health Benefit Trust serves a vital role in providing health benefits to employees of participating employers through a self-funded multiple-employer welfare arrangement. With 4,522 participants as of September 30, 2022, the Trust facilitates access to healthcare resources, promoting employee wellness and financial security.
By allowing employees to elect coverage upon employment, the Trust ensures that members of the legal community have the protection and support they need to address their health care needs. This program creates a mutual benefit for both employers and employees by enhancing the recruitment and retention of talent within the law sector, ultimately contributing to a healthier workforce. The Trust's operations focus on providing comprehensive health options tailored for its participants, helping them navigate the complexities of healthcare while fostering a sense of community and support among those in the profession.
This information is meant to be a general summary of North Carolina Bar 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: $537,307
- Program Service Revenue: $50,353,673
- Gross Receipts: $54,625,786
Assets and Liabilities:
- Total Assets: $26,853,160
- Total Liabilities: $5,393,159
- Net Assets: $21,460,001
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PREMIUMS EARNED
Revenue
$50,353,673
Organization Details
Founding Year
2002
Phone
(919) 677-8900Principal Officer
Elizabeth W Voltz
Main Address
8000 WESTON PARKWAY, CARY, NC, 27513
NTEE Category
Code: Y43 - Mutual benefit
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