Trust Fbo Employees Of Home Federal Bank Of Tennessee

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 626290632 ✦ Knoxville, TN ✦ Designated as a 501(c)(9)

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Overview

What is Trust Fbo Employees Of Home Federal Bank Of Tennessee?

Trust Fbo Employees of Home Federal Bank of Tennessee is a nonprofit organization that serves to manage funds for the payment of medical care expenses. It primarily focuses on providing health care benefits and associated fees for the benefit of both current and retired employees of Home Federal Bank of Tennessee. This entity receives, invests, and meticulously disburses these funds to ensure the necessary medical care is accessible to those in need.

Is Trust Fbo Employees Of Home Federal Bank Of Tennessee legitimate?

Trust Fbo Employees Of Home Federal Bank Of Tennessee is a legitimate nonprofit organization registered as a 501(c)(9) entity. Trust Fbo Employees Of Home Federal Bank Of Tennessee 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 Trust Fbo Employees Of Home Federal Bank Of Tennessee?

Trust Fbo Employees of Home Federal Bank of Tennessee is a trust that primarily functions to manage funds for the purpose of covering medical care expenses. This trust serves both current and former employees of Home Federal Bank of Tennessee by paying their health care benefits and any associated fees. Its mission is to ensure these individuals receive necessary medical care, thereby supporting their overall well-being. The trust receives, invests, and disburses funds as required to fulfill this mission. It acts as a financial intermediary, providing a crucial service for the employees' healthcare needs.

Who is the CEO of Trust Fbo Employees Of Home Federal Bank Of Tennessee?

Andrew Harper is the Trustee of Trust Fbo Employees Of Home Federal Bank Of Tennessee.

What is the revenue of Trust Fbo Employees Of Home Federal Bank Of Tennessee?

Trust Fbo Employees Of Home Federal Bank Of Tennessee's revenue in 2022 was $3,635,701.

Who are the executives of Trust Fbo Employees Of Home Federal Bank Of Tennessee and what are their salaries?


There is 1 key member and their salary:


Investor'S Trust Company (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Trust Fbo Employees Of Home Federal Bank Of Tennessee?

Trust Fbo Employees Of Home Federal Bank Of Tennessee's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Trust Fbo Employees Of Home Federal Bank Of Tennessee

Trust Fbo Employees of Home Federal Bank of Tennessee is a mission-driven entity that focuses on managing funds for the purpose of covering medical care expenses. This organization plays a crucial role in providing financial support for the health benefits and associated fees of current and former employees of Home Federal Bank of Tennessee. By receiving, investing, and disbursing funds, Trust Fbo Employees of Home Federal Bank of Tennessee ensures that these individuals have access to necessary medical care. This commitment to employee well-being demonstrates the organization's dedication to supporting its beneficiaries in maintaining their health and overall quality of life.

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Impact




October, 2024

Trust Fbo Employees Of Home Federal Bank Of Tennessee plays a vital role in supporting the health and well-being of both current and former employees of the bank. By receiving, investing, and disbursing funds specifically aimed at covering medical care costs, the trust ensures that employees have access to necessary healthcare benefits. This financial support alleviates the burden of medical expenses, allowing employees to focus on their health and recovery without the added stress of financial strain.

The impact of this trust extends beyond the individual beneficiaries; it fosters a sense of security and community among employees, enhancing overall morale and loyalty to the organization. By prioritizing the health of its workforce, Home Federal Bank of Tennessee can cultivate a more productive and committed employee base. In essence, Trust Fbo Employees Of Home Federal Bank Of Tennessee contributes significantly to the quality of life for its beneficiaries, reinforcing the bank's commitment to the well-being of its staff.




This information is meant to be a general summary of Trust Fbo Employees Of Home Federal Bank Of Tennessee. 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.

Revenue
$3,635,701 (2022)
Expenses
$3,611,571 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $11,612
  • Program Service Revenue: $3,624,089
  • Gross Receipts: $3,635,701

Assets and Liabilities:

  • Total Assets: $1,064,999
  • Total Liabilities: $0
  • Net Assets: $1,064,999

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

EMPLOYER CONTRIBUTIONS

Revenue

$2,255,000

EMPLOYEE CONTRIBUTIONS

Revenue

$1,369,089

Organization Details

Founding Year

1988

Principal Officer

Andrew Harper

Main Address

515 MARKET STREET, KNOXVILLE, TN, 379022145

NTEE Category

Code: Y40 - Mutual benefit

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