Overview
What is Sorensen Brothers Inc Fringe Benefit Reimbursement Plan?
Sorensen Brothers Inc Fringe Benefit Reimbursement Plan is an unspecified nonprofit organization, whose primary focus is not explicitly stated in the provided information. However, it is associated with a fringe benefit reimbursement plan, suggesting that the organization may have supported employee benefits or wellness initiatives. Despite its termination or inactivity, the specifics of its mission or activities remain unclear.
Is Sorensen Brothers Inc Fringe Benefit Reimbursement Plan legitimate?
Sorensen Brothers Inc Fringe Benefit Reimbursement Plan is a legitimate nonprofit organization registered as a 501(c)(9) entity. Sorensen Brothers Inc Fringe Benefit Reimbursement Plan submitted a form 990EZ, 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.
What is the mission statement of Sorensen Brothers Inc Fringe Benefit Reimbursement Plan?
Unfortunately, as the information provided indicates, Sorensen Brothers Inc Fringe Benefit Reimbursement Plan is no longer active or terminated. Therefore, it does not have a mission statement. The data available does not provide any details about the organization's objectives, goals, or activities before its termination.
Who is the CEO of Sorensen Brothers Inc Fringe Benefit Reimbursement Plan?
Kevin Hyland is the President of Sorensen Brothers Inc Fringe Benefit Reimbursement Plan.
What is the revenue of Sorensen Brothers Inc Fringe Benefit Reimbursement Plan?
Sorensen Brothers Inc Fringe Benefit Reimbursement Plan's revenue in 2021 was $4.
Who are the executives of Sorensen Brothers Inc Fringe Benefit Reimbursement Plan 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 990EZ for Sorensen Brothers Inc Fringe Benefit Reimbursement Plan?
Sorensen Brothers Inc Fringe Benefit Reimbursement Plan's most recent form 990EZ was submitted in 2021 and can be accessed here.
Mission Statement of Sorensen Brothers Inc Fringe Benefit Reimbursement Plan
Sorensen Brothers Inc Fringe Benefit Reimbursement Plan, once an active nonprofit, had a mission that focused on providing reimbursement for fringe benefits. However, it is important to note that this nonprofit is no longer in operation. The specifics of the fringe benefits or the population it served are not provided in the information given. The termination or inactivity of the nonprofit leaves us unable to provide a detailed summary of its mission in action.
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Impact
October, 2024
The Sorensen Brothers Inc Fringe Benefit Reimbursement Plan had implications primarily related to employee benefits and compensation. Although it is no longer active, such a plan typically aimed to provide financial reimbursement for specific fringe benefits incurred by employees, enhancing their overall compensation package.
The impact of this plan would have included improved employee satisfaction and retention, as workers would feel more valued and supported when provided with reimbursements related to benefits like health insurance, retirement contributions, or other personal expenses.
However, the termination of the plan means that current and former employees may no longer have access to these benefits, potentially affecting their financial well-being. The lack of an active reimbursement plan can lead to decreased job satisfaction and may impact recruitment efforts, as prospective employees often look for comprehensive benefits packages when evaluating job offers.
In the broader context, the plan being classified under "mutual benefit" indicates that it was designed to serve the interests of employees, aligning the organization's goals with employee welfare. The termination suggests a significant shift in how employee benefits are managed within the organization.
This information is meant to be a general summary of Sorensen Brothers Inc Fringe Benefit Reimbursement Plan. 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 2021.
- Investment Income: $4
- Gross Receipts: $4
Assets and Liabilities:
- Total Assets: $0
- Total Liabilities: $0
- Net Assets: $0
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Organization Details
Phone
(507) 373-6122Principal Officer
Kevin Hyland
Main Address
PO BOX 246, ALBERT LEA, MN, 560070246
NTEE Category
Code: Y43 - Mutual benefit
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