Overview
What is City Of Margate Employees Benefit Trust?
The City of Margate Employees Benefit Trust is a nonprofit organization situated in Margate, Florida, specifically at 5790 Margate Blvd. Its primary mission is to support the retirement needs of the city's employees by partially or fully reimbursing their health insurance premiums. This financial aid aims to ensure that retirees maintain affordable healthcare coverage, thereby enhancing their overall well-being in their post-career years.
Is City Of Margate Employees Benefit Trust legitimate?
City Of Margate Employees Benefit Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. City Of Margate Employees 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.
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What is the mission statement of City Of Margate Employees Benefit Trust?
The City of Margate Employees Benefit Trust has a mission to support its retirees by reimbursing them, in full or part, for their health insurance premiums. This fund serves as a financial aid for the retired employees, helping them manage their healthcare costs post-retirement. The Trust's primary activity is centered around alleviating the financial burden associated with health insurance premiums for these retirees, ensuring they maintain access to necessary healthcare services. The fund's mission is a testament to the City of Margate's commitment to the well-being of its retired employees, ensuring they can enjoy their retirement years with peace of mind regarding their healthcare needs.
Who is the CEO of City Of Margate Employees Benefit Trust?
Jacqueline Chin-Kidd is the Chairperson of City Of Margate Employees Benefit Trust.
What is the revenue of City Of Margate Employees Benefit Trust?
City Of Margate Employees Benefit Trust's revenue in 2022 was $455,589.
Who are the executives of City Of Margate Employees Benefit Trust and what are their salaries?
Here are 7 key members and their salaries:
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Where can I find the form 990 for City Of Margate Employees Benefit Trust?
City Of Margate Employees Benefit Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of City Of Margate Employees Benefit Trust
The City of Margate Employees Benefit Trust, as its mission, reimburses retirees of the City of Margate for a portion or the full cost of their health insurance premiums. This nonprofit organization serves to alleviate the financial burden associated with healthcare expenses for retired city employees. By providing this financial assistance, the City of Margate Employees Benefit Trust enables its beneficiaries to maintain affordable healthcare coverage post-retirement. This support is crucial in ensuring that retirees can continue to manage their health needs effectively, without being unduly burdened by the associated costs.
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Impact
October, 2024
The City of Margate Employees Benefit Trust significantly impacts the lives of retirees from the City of Margate by providing financial relief through reimbursement for health insurance premiums. This program alleviates the burden of healthcare costs, allowing retirees to maintain better access to necessary medical care and services.
By covering all or part of their health insurance premiums, the Trust enhances the quality of life for retirees, ensuring that they can manage their health without the stress of financial constraints. This support not only improves individual well-being but also fosters a sense of security and community among retirees, reinforcing their connection to the city they served. Overall, the Trust plays a crucial role in promoting mutual benefit and long-term health for the retirees of Margate.
This information is meant to be a general summary of City Of Margate Employees 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: $405,911
- Program Service Revenue: $46,277
- Gross Receipts: $455,589
Assets and Liabilities:
- Total Assets: $5,637,931
- Total Liabilities: $5,574
- Net Assets: $5,632,357
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CITY CONTRIBUTIONS
Revenue
$46,277
Organization Details
Founding Year
2002
Principal Officer
Jacqueline Chin-Kidd
Main Address
5790 MARGATE BLVD, MARGATE, FL, 33063
NTEE Category
Code: Y43 - Mutual benefit
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