Overview
What is North Carolina Teachers And State Employees Benefit Trust?
The North Carolina Teachers and State Employees Benefit Trust is a nonprofit organization based in Raleigh, North Carolina, specifically located at 3200 Atlantic Ave, ZIP code 27604. Their primary role involves managing group benefits for members of the Teachers and State Employees' Retirement System and Local Governmental Employees Retirement System of North Carolina. The organization focuses on providing death benefits to beneficiaries of deceased members. It functions as a state government benefit plan, overseeing both inflows and outflows related to the plan. The mission of the North Carolina Teachers and State Employees Benefit Trust is to ensure the provision of essential benefits for its members.
What are the reviews and ratings of this charity?
The North Carolina Teachers And State Employees Benefit Trust is currently not rated by Charity Navigator. This lack of rating is due to the organization's status, which prevents it from being evaluated under the current Charity Navigator criteria. The absence of a rating signifies neither a positive nor negative assessment but indicates that the organization has not been evaluated.
Charity Navigator requires organizations to be registered as a 501(c)(3) to assess Accountability & Finance, Impact & Measurement, and other criteria. Since this organization is not registered as such, evaluations in these areas aren't possible. Consequently, there is no available data on revenue, expenses, or the salaries of key persons.
There are no user reviews available for this organization on GreatNonprofits, leaving a gap in publicly accessible feedback and sentiment directly from those the organization impacts or works with. Such feedback might offer additional insights into the nonprofit's operational effectiveness and community engagement.
This AI summary has been generated from information found on Charity Navigator.
Is North Carolina Teachers And State Employees Benefit Trust legitimate?
North Carolina Teachers And State Employees Benefit Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. North Carolina Teachers And State Employees 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of North Carolina Teachers And State Employees Benefit Trust?
The North Carolina Teachers and State Employees Benefit Trust is a benefit plan primarily focused on administering death benefits for members of the Teachers and State Employees' Retirement System and Local Governmental Employees Retirement System in North Carolina. The trust's mission is to offer group benefits to these members, ensuring financial security for their beneficiaries in the event of their death. By managing inflows and outflows, the trust plays a vital role in providing essential peace of mind for the education and state employees in the state. The organization's primary function is to make death benefit payments to the beneficiaries of qualifying deceased members.
Who is the CEO of North Carolina Teachers And State Employees Benefit Trust?
Thomas Causey is the Executive Director Of Reti of North Carolina Teachers And State Employees Benefit Trust.
What is the revenue of North Carolina Teachers And State Employees Benefit Trust?
North Carolina Teachers And State Employees Benefit Trust's revenue in 2022 was $42,228,301.
Who are the executives of North Carolina Teachers And State Employees Benefit Trust and what are their salaries?
There is 1 key member and their salary:
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for North Carolina Teachers And State Employees Benefit Trust?
North Carolina Teachers And State Employees Benefit Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of North Carolina Teachers And State Employees Benefit Trust
The North Carolina Teachers and State Employees Benefit Trust, often referred to as the NC TEachers and State Employees Retirement System, is a government benefit plan primarily dedicated to managing death benefits and facilitating inflows and outflows for members of the Teachers and State Employees' Retirement System and Local Governmental Employees Retirement System of North Carolina. In simpler terms, this organization ensures the provision of group benefits for educators and state employees in North Carolina.
Established to cater to the needs of North Carolina's teachers and state employees, the Trust plays a significant role in offering benefits to the beneficiaries of deceased members. It is an essential safety net for families who have lost a loved one, providing them with financial support during their time of grief. The Trust's mission is rooted in supporting the employees and retirees of North Carolina, ensuring they have access to crucial benefits when they need it most.
Moreover, the Trust acts as a vital intermediary, managing the financial transactions required for the distribution of death benefits. By streamlining this process, the organization allows the retirement systems to focus on their primary objectives, while simultaneously ensuring that beneficiaries receive the support they are entitled to. The Trust's role is crucial in maintaining the financial well-being of its members, providing them with peace of mind and security during their retirement years.
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Impact
October, 2024
The North Carolina Teachers and State Employees Benefit Trust plays a crucial role in providing financial security to the beneficiaries of its members. By primarily focusing on holding death benefits, the Trust ensures that the families of qualifying deceased members receive timely and appropriate payments, thus alleviating some of the financial burdens that may arise during difficult times.
Its mission to provide group benefits for members of the Teachers and State Employees' Retirement System as well as the Local Governmental Employees Retirement System underscores its commitment to the well-being of education and state employees. This support helps to maintain stability for families reliant on these benefits, reinforcing the state's dedication to its educators and public servants.
Additionally, the Trust's operations involve managing the inflows and outflows related to the death benefits, which contributes to the overall financial health and sustainability of the benefit programs offered to its members. By ensuring that these benefits are efficiently managed and distributed, the Trust fosters trust and security among educators and state employees throughout North Carolina.
This information is meant to be a general summary of North Carolina Teachers And State Employees 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: $4,462,764
- Program Service Revenue: $37,765,537
- Gross Receipts: $45,017,882
Assets and Liabilities:
- Total Assets: $0
- Total Liabilities: $0
- Net Assets: $0
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYEE CONTRIBUTIONS
Revenue
$19,247,600
EMPLOYER CONTRIBUTIONS
Revenue
$18,517,937
Organization Details
Founding Year
1979
Phone
(919) 814-4195Principal Officer
Thomas Causey
Main Address
3200 ATLANTIC AVE, RALEIGH, NC, 27604
NTEE Category
Code: Y40 - Mutual benefit
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