Overview
What is Independent Schools Health Insurance Consortium?
The Independent Schools Health Insurance Consortium is a nonprofit organization based in Pittsburgh, Pennsylvania. It operates as a Voluntary Employee's Beneficiary Association (VEBA), serving as a group insurance arrangement for unrelated participating entities. They provide health and welfare benefits, such as medical, prescription, dental, and vision coverage, to their members. The consortium holds the policies under which benefits are administered and paid, acting as a conduit for premium payments to insurers. By combining resources, the consortium aims to reduce costs, maintain and improve the quality of coverage, and share information for the common good of its participating entities. The consortium functions under the Employee Retirement Security Act of 1974 (ERISA) and primarily operates as a self-insured entity.
Is Independent Schools Health Insurance Consortium legitimate?
Independent Schools Health Insurance Consortium is a legitimate nonprofit organization registered as a 501(c)(9) entity. Independent Schools Health Insurance Consortium 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
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What is the mission statement of Independent Schools Health Insurance Consortium?
The Independent Schools Health Insurance Consortium was established with the mission to offer health and welfare benefits, such as medical, prescription, dental, and vision coverage, to its participating entities. The consortium aims to maintain an efficient employee benefit delivery structure for its members, combining resources to reduce costs and improve the quality of coverage available. It also shares information for the collective benefit of the participating entities, striving to enhance the overall well-being of its members.
Who is the CEO of Independent Schools Health Insurance Consortium?
Diana Mcallister is the Trustee (Exit 09/21) of Independent Schools Health Insurance Consortium.
What is the revenue of Independent Schools Health Insurance Consortium?
Independent Schools Health Insurance Consortium's revenue in 2021 was $6,162.
Who are the executives of Independent Schools Health Insurance Consortium and what are their salaries?
Here are 3 key members and their salaries:
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- Compensation: $0
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Where can I find the form 990 for Independent Schools Health Insurance Consortium?
Independent Schools Health Insurance Consortium's most recent form 990 was submitted in 2021 and can be accessed here.
Mission Statement of Independent Schools Health Insurance Consortium
The Independent Schools Health Insurance Consortium was established with a mission to provide comprehensive health and welfare benefits to its participating entities. This includes medical, prescription, dental, and vision coverage. The consortium's primary objective is to create an efficient employee benefit delivery structure for its members, thereby reducing costs and improving the quality of coverage available. Furthermore, the consortium seeks to share information among its participating entities for the common good, aiming to leverage collective resources to enhance the overall benefits package.
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Impact
October, 2024
The Independent Schools Health Insurance Consortium has a significant impact on its member entities by providing comprehensive health and welfare benefits, including medical, prescription, dental, and vision coverage. By combining resources from various participating schools, the consortium effectively reduces costs and enhances the quality of benefits available to employees.
This collaboration enables foundries to leverage collective purchasing power, resulting in more affordable premiums and improved plan options. Additionally, as a voluntary employee's beneficiary association (VEBA), the consortium supports a structured delivery of benefits, ensuring that eligible individuals receive timely access to health care services. Through shared information and best practices, the consortium fosters a community-oriented approach that benefits all participating entities, ultimately leading to a healthier workforce and better employee satisfaction.
This information is meant to be a general summary of Independent Schools Health Insurance Consortium. 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: $6
- Gross Receipts: $6,162
Assets and Liabilities:
- Total Assets: $0
- Total Liabilities: $0
- Net Assets: $0
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Organization Details
Founding Year
2015
Phone
(724) 263-6365Principal Officer
Diana Mcallister
Main Address
AONEQT PLZ 625 LIBERTY AVE 2700, PITTSBURGH, PA, 15222
NTEE Category
Code: Y43 - Mutual benefit
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