Overview
What is The Emeriti Consortium For Retirement Health Solutions?
The Emeriti Consortium for Retirement Health Solutions is a nonprofit organization situated in Miami, Florida. Its primary mission is to support educational institutions in ensuring the timely retirement of their faculty and staff. They achieve this goal by offering a tax-advantaged method for providing retiree health benefits. This consortium, comprising various public and private non-profit institutions, such as academic, cultural, research, philanthropic, scientific, medical, and educational organizations, works collaboratively to provide healthcare security in retirement. Emeriti designs customized plans for its member institutions, enabling them to offer sustainable programs for retiree health benefits to their employees.
Official website here: www.emeritihealth.org
What are the reviews and ratings of this charity?
Charity Navigator rating: 96%, Four-Star out of Four Star rating.
The Emeriti Consortium For Retirement Health Solutions demonstrates a high level of accountability and financial management, reflected in its impressive 96% overall score. The organization benefits from a fully independent board, which enhances its governance and decision-making processes. Furthermore, it has established robust policies for conflict of interest, whistleblower protections, and document retention, ensuring transparency and ethical practices.
Financially, the organization excels with a program expense ratio of 94.66%, indicating that a significant portion of its funds is directed towards fulfilling its mission. The liabilities to assets ratio of 10.29% suggests a strong financial standing, with minimal debt relative to its assets. Additionally, the presence of a dedicated audit and oversight committee further reinforces the organization's commitment to financial integrity.
While the data reflects strong performance in multiple areas, ongoing transparency and adherence to best practices will be essential for maintaining trust and effectiveness in the long term. Overall, The Emeriti Consortium For Retirement Health Solutions stands out as a well-managed nonprofit contributing positively to retirement health solutions.
This AI summary has been generated from information found on Charity Navigator.
Is The Emeriti Consortium For Retirement Health Solutions legitimate?
The Emeriti Consortium For Retirement Health Solutions is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Emeriti Consortium For Retirement Health Solutions 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: $833,934
Professional Fundraising Fees: $0
Other Salaries and Wages: $63,613
For more financial information, click here
Official website here: www.emeritihealth.org
What is the mission statement of The Emeriti Consortium For Retirement Health Solutions?
The Emeriti Consortium for Retirement Health Solutions is a non-profit organization that collaborates with various public and private non-profit institutions to ensure healthcare security during retirement. Their mission involves designing customized retirement health benefit programs for their member institutions, enabling them to provide their employees with sustainable solutions. The consortium, which includes academic, cultural, public sector, research, philanthropic, scientific, medical, and educational institutions, aims to provide a tax-advantaged method for offering retiree health benefits.
Official website here: www.emeritihealth.org
Who is the CEO of The Emeriti Consortium For Retirement Health Solutions?
Timothy E Lane is the Chair of The Emeriti Consortium For Retirement Health Solutions. The CEO's salary of The Emeriti Consortium For Retirement Health Solutions is $442,100 and their total compensation is $469,242.
Official website here: www.emeritihealth.org
What is the revenue of The Emeriti Consortium For Retirement Health Solutions?
The Emeriti Consortium For Retirement Health Solutions's revenue in 2022 was $2,751,255.
Official website here: www.emeritihealth.org
Who are the executives of The Emeriti Consortium For Retirement Health Solutions and what are their salaries?
The average compensation at The Emeriti Consortium For Retirement Health Solutions during 2022 was $299,182. There are 3 employees at The Emeriti Consortium For Retirement Health Solutions.
Here are 11 key members and their salaries (The Emeriti Consortium For Retirement Health Solutions's CEO's salary is $442,100 and their total compensation is $469,242):
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- Other: $0
- Compensation: $5,000
- Related: $0
- Other: $0
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- Other: $0
- Compensation: $5,000
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- Other: $0
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- Compensation: $5,000
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- Other: $0
- Compensation: $10,000
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- Compensation: $0
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- Other: $0
- Compensation: $442,100
- Related: $0
- Other: $27,142
- Compensation: $262,500
- Related: $0
- Other: $37,035
Official website here: www.emeritihealth.org
Where can I find the form 990 for The Emeriti Consortium For Retirement Health Solutions?
The Emeriti Consortium For Retirement Health Solutions's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.emeritihealth.org
Learn more at the official website: www.emeritihealth.org
Mission Statement of The Emeriti Consortium For Retirement Health Solutions
The Emeriti Consortium for Retirement Health Solutions is a non-profit organization that works collaboratively with various public and private non-profit institutions. Its primary mission is to ensure healthcare security in retirement for employees of colleges, universities, and other education-related tax-exempt organizations. Emeriti achieves this by offering customized plan designs to its member institutions, enabling them to provide their employees with sustainable programs for retiring health benefits. The consortium, which comprises academic, cultural, public sector, research, philanthropic, scientific, medical, and educational institutions, aims to provide a tax-advantaged method for retirement health benefits. By doing so, Emeriti plays a crucial role in enhancing the well-being of retirees from these institutions, ensuring they maintain their health and financial stability during their golden years.
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Impact
July, 2024
The Emeriti Consortium For Retirement Health Solutions has a significant impact on the retirement health benefits of employees in the education sector. By providing a tax-advantaged method for colleges, universities, and other education-related tax-exempt organizations to secure timely retirement for their faculties and staff, Emeriti plays a crucial role in ensuring healthcare security in retirement. Their customized plan designs offer sustainable programs for retiree health benefits, benefiting a wide range of academic, cultural, public sector, research, philanthropic, scientific, medical, and educational institutions.
This information is meant to be a general summary of The Emeriti Consortium For Retirement Health Solutions. 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: $27,029
- Program Service Revenue: $2,724,226
- Gross Receipts: $2,751,255
Assets and Liabilities:
- Total Assets: $2,489,116
- Total Liabilities: $243,027
- Net Assets: $2,246,089
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PARTICIPANT ACCOUNT FE
Revenue
$2,724,226
Organization Details
Founding Year
2003
Phone
(845) 567-6666Principal Officer
Timothy E Lane
Main Address
10800 BISCAYNE BOULEVARD SUITE 740, MIAMI, FL, 33161
Website
www.emeritihealth.orgNTEE Category
Code: B02 - Education
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