South Carolina Bankers Employee Benefit Trust

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

EIN: 570741877 ✦ Chapin, SC ✦ Designated as a 501(c)(9)

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Overview

What is South Carolina Bankers Employee Benefit Trust?

The South Carolina Bankers Employee Benefit Trust is a Voluntary Employees' Beneficiary Association (VEBA) located in Chapin, South Carolina. This nonprofit organization focuses on delivering insurance benefits, including healthcare coverage, to its member community. Its mission is to ensure access to essential insurance services for its members. The organization's activities are centered around the provision of insurance benefits, thereby enhancing the well-being and financial security of its membership.


Official website here: www.scbebt.org

Is South Carolina Bankers Employee Benefit Trust legitimate?

South Carolina Bankers Employee Benefit Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. South Carolina Bankers Employee 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: $98,344
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.scbebt.org

What is the mission statement of South Carolina Bankers Employee Benefit Trust?

The South Carolina Bankers Employee Benefit Trust functions as a Voluntary Employees' Beneficiary Association, offering insurance benefits for its members. The organization's primary objective is to ensure the wellbeing of its members by providing essential health care coverage and various other insurance services. The Trust's mission revolves around securing the health and financial protection of its members, ensuring they have access to necessary benefits when they need it most. The Trust's mission is driven by its commitment to improving the lives of its members by addressing their health and insurance needs. By offering comprehensive benefits packages, the Trust aims to bring peace of mind and stability to the lives of its members.


Official website here: www.scbebt.org

Who is the CEO of South Carolina Bankers Employee Benefit Trust?

Teresa D Taylor is the Trustee of South Carolina Bankers Employee Benefit Trust.


Official website here: www.scbebt.org

What is the revenue of South Carolina Bankers Employee Benefit Trust?

South Carolina Bankers Employee Benefit Trust's revenue in 2022 was $13,536,567.


Official website here: www.scbebt.org

Who are the executives of South Carolina Bankers Employee Benefit Trust and what are their salaries?

The average compensation at South Carolina Bankers Employee Benefit Trust during 2022 was $98,344. There is 1 employee at South Carolina Bankers Employee Benefit Trust.


Here are 10 key members and their salaries:


Thomas Bouchette (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Marc J Bogan (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Shawn R Mcgee (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Roddey B Gettys (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Thomas O Hutto (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
C Nakia Davis (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brian Falcone (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
J Neal Anderson (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Carrie Buddin (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Teresa D Taylor (Executive Director)
  • Compensation: $93,401
  • Related: $0
  • Other: $0


Official website here: www.scbebt.org

Where can I find the form 990 for South Carolina Bankers Employee Benefit Trust?

South Carolina Bankers Employee Benefit Trust's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.scbebt.org

Learn more at the official website: www.scbebt.org

Mission Statement of South Carolina Bankers Employee Benefit Trust

The South Carolina Bankers Employee Benefit Trust, a Voluntary Employees' Beneficiary Association (VEBA), dedicates itself to delivering insurance benefits for its members. In simpler terms, this organization based in Chapin, South Carolina, is focused on ensuring its members have access to essential health care coverage and various insurance plans.

Through its mission, the South Carolina Bankers Employee Benefit Trust provides vital insurance solutions for those who are part of its network. It is an essential safety net, offering peace of mind to its members by addressing their health care and insurance needs. By doing so, the organization enables its members to focus on their personal and professional lives without the added worry of securing adequate coverage.

The South Carolina Bankers Employee Benefit Trust's commitment to its members extends beyond the provision of basic insurance benefits. It is a testament to the organization's dedication and its belief that comprehensive coverage is a fundamental requirement for its members' overall wellbeing. With its unwavering focus on delivering insurance benefits, the South Carolina Bankers Employee Benefit Trust plays a crucial role in enhancing the quality of life for its members.

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Impact




October, 2024

The South Carolina Bankers Employee Benefit Trust plays a crucial role in enhancing the welfare of its members by providing essential insurance benefits. Located in Chapin, SC, this organization operates as a Voluntary Employees' Beneficiary Association (VEBA), focusing on the provision of healthcare coverage and various insurance products tailored to meet the needs of its members.

By facilitating access to health care benefits, the Trust not only aids in reducing the financial burden associated with medical expenses but also promotes overall well-being among its members. This support is particularly vital in the banking industry, where employees often seek comprehensive benefits that can enhance job satisfaction and retention.

Furthermore, the Trust fosters a sense of community and mutual benefit among member institutions, creating a shared resource that empowers banks and their employees. Through its commitment to providing quality insurance benefits, the South Carolina Bankers Employee Benefit Trust significantly contributes to the financial security and health of its members, underscoring the importance of collective support in the workplace.




This information is meant to be a general summary of South Carolina Bankers Employee 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.

Revenue
$13,536,567 (2022)
Expenses
$13,358,796 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $41,015
  • Program Service Revenue: $13,417,979
  • Gross Receipts: $13,536,567

Assets and Liabilities:

  • Total Assets: $7,332,383
  • Total Liabilities: $1,156,575
  • Net Assets: $6,175,808

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Programs

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

CONTRIBUTIONS FROM PARTICIPATING

Revenue

$13,417,979

Organization Details

Founding Year

1984

Principal Officer

Teresa D Taylor

Main Address

PO BOX 533, CHAPIN, SC, 29036

NTEE Category

Code: Y40 - Mutual benefit

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