Overview
What is Alabama Farmers Cooperative Inc Employees' Welfare Benefit Plan?
The Alabama Farmers Cooperative Inc Employees' Welfare Benefit Plan is a nonprofit organization dedicated to offering major medical benefits, life insurance, and accidental death and dismemberment coverage to the employees of its sponsoring employer. Based in Decatur, Alabama, the plan provides essential healthcare benefits for its members.
What are the reviews and ratings of this charity?
The Alabama Farmers Cooperative Inc Employees' Welfare Benefit Plan is not currently rated by Charity Navigator. This is due to its status as a nonprofit entity not registered under the 501(c)(3) category, which is a requirement for Charity Navigator evaluations. The absence of a rating does not imply positive or negative feedback but indicates limitations in data accessibility.
Due to its non-501(c)(3) status, several standard evaluation metrics like Accountability & Finance and Impact & Measurement are not applicable. Historical ratings that focused on aspects similar to Accountability and Finance are unavailable, highlighting the organization's unique operational status outside Charity Navigator’s typical framework.
There are no user reviews available from GreatNonprofits for the Alabama Farmers Cooperative Inc Employees' Welfare Benefit Plan. Consequently, it remains largely unassessed in terms of community feedback and impact as perceived by individuals interacting with the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Alabama Farmers Cooperative Inc Employees' Welfare Benefit Plan legitimate?
Alabama Farmers Cooperative Inc Employees' Welfare Benefit Plan is a legitimate nonprofit organization registered as a 501(c)(9) entity. Alabama Farmers Cooperative Inc Employees' Welfare Benefit Plan 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 Alabama Farmers Cooperative Inc Employees' Welfare Benefit Plan?
The Alabama Farmers Cooperative Inc Employees' Welfare Benefit Plan is dedicated to providing essential benefits to the employees of its sponsoring employer. This includes major medical coverage, life insurance, and accidental death and dismemberment benefits. The primary goal is to ensure the wellbeing of the workforce by offering these vital benefits. The plan aims to provide a safety net for employees in times of need, enhancing their overall job satisfaction and peace of mind. By offering comprehensive benefits, the plan supports the long-term health and financial security of its members.
Who is the CEO of Alabama Farmers Cooperative Inc Employees' Welfare Benefit Plan?
Lisa Sparkman is the Trustee of Alabama Farmers Cooperative Inc Employees' Welfare Benefit Plan.
What is the revenue of Alabama Farmers Cooperative Inc Employees' Welfare Benefit Plan?
Alabama Farmers Cooperative Inc Employees' Welfare Benefit Plan's revenue in 2022 was $13,410,473.
Who are the executives of Alabama Farmers Cooperative Inc Employees' Welfare Benefit Plan and what are their salaries?
There 5 volunteers at Alabama Farmers Cooperative Inc Employees' Welfare Benefit Plan.
Here are 5 key members and their salaries:
- Compensation: $0
- Related: $1,888,266
- Other: $21,970
- Compensation: $0
- Related: $1,515,405
- Other: $21,970
- Compensation: $0
- Related: $227,100
- Other: $18,643
- Compensation: $0
- Related: $69,284
- Other: $3,242
- Compensation: $0
- Related: $167,791
- Other: $17,538
Where can I find the form 990 for Alabama Farmers Cooperative Inc Employees' Welfare Benefit Plan?
Alabama Farmers Cooperative Inc Employees' Welfare Benefit Plan's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Alabama Farmers Cooperative Inc Employees' Welfare Benefit Plan
Alabama Farmers Cooperative Inc Employees' Welfare Benefit Plan is a mission-driven organization dedicated to providing major medical benefits, life insurance, and accidental death and dismemberment benefits for the employees of the sponsoring employer. Established with a clear purpose, this plan prioritizes the health and wellbeing of its beneficiaries by offering comprehensive coverage and financial security. By extending these essential benefits, the plan enables employees to focus on their work and personal lives with peace of mind.
In concrete terms, Alabama Farmers Cooperative Inc Employees' Welfare Benefit Plan serves as a safety net for the workforce. It safeguards them against potential health crises and unfortunate accidents. Furthermore, the plan's life insurance component offers a sense of assurance and financial stability to employees and their loved ones. This compassionate initiative ultimately leads to a more contented and engaged workforce, benefiting both the employees and the sponsoring employer.
The Alabama Farmers Cooperative Inc Employees' Welfare Benefit Plan's mission is a testament to the organization's commitment to the wellbeing of its clients. By providing major medical benefits, life insurance, and accidental death and dismemberment benefits, this plan empowers employees to face life's uncertainties with confidence. The organization's dedication to its mission is unwavering, fostering a stronger community of employees and a more productive workplace.
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Impact
October, 2024
The Alabama Farmers Cooperative Inc Employees' Welfare Benefit Plan provides significant support to employees through essential health and life insurance benefits. By offering major medical coverage, the plan ensures that employees have access to necessary healthcare services, helping to alleviate financial burdens associated with medical expenses. Additionally, the life insurance and accidental death and dismemberment benefits contribute to employee security, providing peace of mind for workers and their families.
This welfare benefit plan fosters a supportive workplace environment, leading to higher employee morale and satisfaction. By prioritizing the health and well-being of employees, the plan not only enhances individual financial security but also promotes overall productivity and loyalty within the organization. The availability of such benefits can attract and retain talent, positioning the employer as a desirable place to work while reinforcing a culture of mutual benefit and responsibility toward employee welfare.
This information is meant to be a general summary of Alabama Farmers Cooperative Inc Employees' Welfare Benefit 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 2022.
- Investment Income: $2,650
- Program Service Revenue: $13,407,823
- Gross Receipts: $13,410,473
Assets and Liabilities:
- Total Assets: $658,728
- Total Liabilities: $49,245
- Net Assets: $609,483
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTIONS
Revenue
$7,293,752
EMPLOYEE CONTRIBUTIONS
Revenue
$6,114,071
Organization Details
Founding Year
1981
Phone
(256) 353-6843Principal Officer
Lisa Sparkman
Main Address
PO BOX 2227, DECATUR, AL, 356092227
NTEE Category
Code: Y40 - Mutual benefit
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