Overview
What is California Charter Schools Employee Welfare Benefit Trust?
The California Charter Schools Employee Welfare Benefit Trust is a charitable trust created by California Charter Schools, a California nonprofit benefit corporation, for the sole purpose of supporting and maintaining a welfare benefit plan program. Established in Folsom, California, this trust, also known as CharterLife, provides essential benefits to the employees and their dependents of the member charter schools. As a nonprofit organization, it is committed to enhancing the well-being of its beneficiaries by managing and administering the welfare benefit plan. The trust employs a team of four individuals to ensure its mission is carried out effectively.
What are the reviews and ratings of this charity?
The California Charter Schools Employee Welfare Benefit Trust is currently not evaluated by Charity Navigator due to its status as a non-501(c)(3) organization, which excludes it from being rated under Charity Navigator’s Accountability & Finance methodology. Therefore, its absence of a rating does not imply any positive or negative standing but rather a lack of assessment under the current criteria used by the platform.
Charity Navigator primarily evaluates 501(c)(3) organizations, which must be tax-exempt and eligible for tax-deductible contributions. Since this Trust does not meet these qualifications, detailed data such as total revenue, expenses, and key salaries are unavailable on Charity Navigator. The available IRS data confirms its independent operational status without regional affiliations.
Due to the constraints in available data, there is limited insight into the Trust’s impact, leadership, and adaptability. Similarly, without any user feedback on GreatNonprofits, there is no publicly available user sentiment to report, leaving a gap in community engagement and service reflection.
This AI summary has been generated from information found on Charity Navigator.
Is California Charter Schools Employee Welfare Benefit Trust legitimate?
California Charter Schools Employee Welfare Benefit Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. California Charter Schools Employee Welfare 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: $169,409
Professional Fundraising Fees: $0
Other Salaries and Wages: $217,331
For more financial information, click here
What is the mission statement of California Charter Schools Employee Welfare Benefit Trust?
The California Charter Schools Employee Welfare Benefit Trust is a trust fund established to support and maintain a welfare benefit plan program. This initiative was founded by California Charter Schools, a California nonprofit benefit corporation, for the benefit of their employees and their dependents. The primary goal of the trust is to ensure the continuity of a comprehensive welfare benefit plan for the personnel of the member charter schools. Through the management of the trust, California Charter Schools aim to provide valuable resources and security for their workforce.
Who is the CEO of California Charter Schools Employee Welfare Benefit Trust?
Walter Wallace is the Trustee of California Charter Schools Employee Welfare Benefit Trust. The CEO's salary of California Charter Schools Employee Welfare Benefit Trust is $154,308 and their total compensation is $169,409.
What is the revenue of California Charter Schools Employee Welfare Benefit Trust?
California Charter Schools Employee Welfare Benefit Trust's revenue in 2022 was $20,986,343.
Who are the executives of California Charter Schools Employee Welfare Benefit Trust and what are their salaries?
The average compensation at California Charter Schools Employee Welfare Benefit Trust during 2022 was $96,685. There are 4 employees and 5 volunteers at California Charter Schools Employee Welfare Benefit Trust.
Here are 6 key members and their salaries (California Charter Schools Employee Welfare Benefit Trust's CEO's salary is $154,308 and their total compensation is $169,409):
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- Compensation: $154,308
- Related: $0
- Other: $15,101
Where can I find the form 990 for California Charter Schools Employee Welfare Benefit Trust?
California Charter Schools Employee Welfare Benefit Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of California Charter Schools Employee Welfare Benefit Trust
The California Charter Schools Employee Welfare Benefit Trust, established by California Charter Schools, a California nonprofit benefit corporation, is a trust fund dedicated to supporting and maintaining a welfare benefit plan program. This organization aims to provide essential benefits to the employees and their dependents of member charter schools.
The trust fund, operated by California Charter Schools, is committed to enhancing the well-being of its beneficiaries. It offers a comprehensive range of benefits meant to improve the quality of life for the workforce of charter schools. By providing these benefits, the trust helps to attract and retain top talent within the educational sector.
In summary, the California Charter Schools Employee Welfare Benefit Trust is a crucial institution that supports the welfare of employees in California's charter schools. Through its well-designed benefit programs, the trust enables these educators to focus on their important roles in shaping the future of their students, while also ensuring they have the resources they need to thrive personally. California Charter Schools' investment in this trust demonstrates their commitment to fostering a healthy and productive workforce, ultimately contributing to the overall success of their institutions.
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Impact
October, 2024
The California Charter Schools Employee Welfare Benefit Trust significantly impacts its member charter schools by providing essential welfare benefits to employees and their dependents. This trust fund is focused on supporting a comprehensive welfare benefit plan, ensuring that educational staff and their families have access to critical resources. By facilitating health care, insurance, and other essential benefits, the Trust helps attract and retain qualified educators, fostering a stable and effective workforce in California's charter schools. This, in turn, enhances the educational environment, directly benefiting students and promoting overall community well-being. The Trust's operations underscore a commitment to the mutual benefit of employees, ultimately contributing to the long-term sustainability and success of the charter school system.
This information is meant to be a general summary of California Charter Schools Employee Welfare 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: $3,852
- Program Service Revenue: $20,977,224
- Gross Receipts: $20,986,343
Assets and Liabilities:
- Total Assets: $4,981,734
- Total Liabilities: $90,343
- Net Assets: $4,891,391
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYEE/EMPLOYER CONTRIBUTIONS
Revenue
$20,977,224
Organization Details
Founding Year
2008
Phone
(916) 467-1400Principal Officer
Walter Wallace
Main Address
80 IRON POINT CIR 200, FOLSOM, CA, 95630
NTEE Category
Code: Y43 - Mutual benefit
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