Overview
What is Exchange Bank Health & Welfare Benefit Plan?
The Exchange Bank Health & Welfare Benefit Plan is a VEBAs, or Voluntary Employees' Beneficiary Associations, established in Santa Rosa, California. Its primary objective is to fund health and welfare benefits for retired employees of Exchange Bank. This includes insurance coverage and additional welfare benefits, ensuring that retired employees maintain essential health services. The plan was formed to ensure the financial stability of healthcare coverage for these employees post-retirement.
Is Exchange Bank Health & Welfare Benefit Plan legitimate?
Exchange Bank Health & Welfare Benefit Plan is a legitimate nonprofit organization registered as a 501(c)(9) entity. Exchange Bank Health & 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
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What is the mission statement of Exchange Bank Health & Welfare Benefit Plan?
The Exchange Bank Health & Welfare Benefit Plan was established with the purpose of providing financial support for health insurance premiums and other welfare benefits for retired employees of Exchange Bank. The primary objective of this plan is to ensure the continued well-being of its retired employees by covering their healthcare and other related expenses. This plan serves as a crucial safety net, providing funds necessary for the retired employees to maintain their health and overall quality of life in their post-employment phase.
Who is the CEO of Exchange Bank Health & Welfare Benefit Plan?
Shari Demaris is the Institutional Trustee of Exchange Bank Health & Welfare Benefit Plan.
What is the revenue of Exchange Bank Health & Welfare Benefit Plan?
Exchange Bank Health & Welfare Benefit Plan's revenue in 2022 was $396,878.
Who are the executives of Exchange Bank Health & Welfare Benefit Plan and what are their salaries?
There is 1 key member and their salary:
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Exchange Bank Health & Welfare Benefit Plan?
Exchange Bank Health & Welfare Benefit Plan's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Exchange Bank Health & Welfare Benefit Plan
Exchange Bank Health & Welfare Benefit Plan, established as a VEBa, has a mission to provide financial support for the premiums of health insurance coverage and other welfare benefits for retired employees of Exchange Bank. The primary objective of this plan is to ensure the well-being of its retired employees, offering them the necessary health coverage and additional benefits they deserve after their employment with the bank. By funding these benefits, the Exchange Bank Health & Welfare Benefit Plan demonstrates its commitment to the welfare and security of its retired employees, providing them with peace of mind and financial stability in their post-retirement years.
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Impact
October, 2024
The Exchange Bank Health & Welfare Benefit Plan plays a crucial role in supporting retired employees by providing funding for health insurance premiums and other welfare benefits. This program specifically addresses the healthcare needs of retirees, ensuring they have access to necessary medical coverage. By facilitating financial assistance for health and welfare benefits, the plan significantly enhances the quality of life for retired employees, addressing their unique needs and helping them manage healthcare costs during retirement. Situated in Santa Rosa, California, the plan exemplifies a commitment to the mutual benefit of its participants, fostering a sense of security and well-being among retirees of Exchange Bank.
This information is meant to be a general summary of Exchange Bank Health & 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: $79,014
- Program Service Revenue: $43,997
- Gross Receipts: $396,878
Assets and Liabilities:
- Total Assets: $5,520,762
- Total Liabilities: $0
- Net Assets: $5,520,762
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTIONS
Revenue
$43,997
Organization Details
Founding Year
1991
Phone
(707) 524-3000Principal Officer
Shari Demaris
Main Address
545 4TH STREET, SANTA ROSA, CA, 95401
NTEE Category
Code: Y40 - Mutual benefit
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