Overview
What is Insurance And Benefits Trust Of Porac Safety And Non-Safety?
The Insurance and Benefits Trust of Porac Safety and Non-Safety is a nonprofit organization based in Sacramento, California, with an address at 2960 Advantage Way, ZIP code 95834. They offer disability, life, accidental death and dismemberment, cancer, accident, and hospital benefits to approximately 22,658 members. The contributions for these benefits come from members, member associations, and in some cases, member employers, as outlined in collective bargaining agreements. Before January 1, 2018, participants were enrolled in fully insured benefit plans. However, on that date, a self-insured major medical plan was established and began receiving contributions and providing benefits from the trust. The mission of the organization is to provide these extensive benefits to its members.
What are the reviews and ratings of this charity?
The Insurance And Benefits Trust Of Porac Safety And Non-Safety is currently not rated by Charity Navigator. This absence of a rating stems from the organization's classification as a non-501(c)(3) nonprofit. Charity Navigator only evaluates organizations under the 501(c)(3) category, which limits their capacity to apply their standard assessment methodologies.
Since the organization does not fall under the typical categories evaluated by Charity Navigator, there is no available data on its total revenue, expenses, or salaries of key personnel. However, the data from IRS forms suggests that the organization is independent without special affiliations, except for a standard foundation status.
Overall, there is limited information on the operational efficiency or community impact of the Insurance And Benefits Trust of PORAC. Without the typical nonprofit evaluation metrics or user reviews from GreatNonprofits, there isn't enough insight to form an objective assessment of its performance or trustworthiness.
This AI summary has been generated from information found on Charity Navigator.
Is Insurance And Benefits Trust Of Porac Safety And Non-Safety legitimate?
Insurance And Benefits Trust Of Porac Safety And Non-Safety is a legitimate nonprofit organization registered as a 501(c)(9) entity. Insurance And Benefits Trust Of Porac Safety And Non-Safety 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: $335,826
Professional Fundraising Fees: $0
Other Salaries and Wages: $950,034
For more financial information, click here
What is the mission statement of Insurance And Benefits Trust Of Porac Safety And Non-Safety?
The Insurance and Benefits Trust of Porac Safety and Non-Safety is committed to providing essential benefits to its approximately 22,658 members. This includes disability, life, accidental death and dismemberment, cancer, accident, and hospital coverage. Contributions for these benefits come from members, member associations, and in some cases, employers, as stipulated in collective bargaining agreements. Prior to January 1, 2018, participants were enrolled in fully insured benefit plans. Since then, the trust has introduced a self-insured major medical plan, which began receiving contributions and providing benefits from this trust.
Who is the CEO of Insurance And Benefits Trust Of Porac Safety And Non-Safety?
Richard Buss is the Coo of Insurance And Benefits Trust Of Porac Safety And Non-Safety.
What is the revenue of Insurance And Benefits Trust Of Porac Safety And Non-Safety?
Insurance And Benefits Trust Of Porac Safety And Non-Safety's revenue in 2022 was $183,079,642.
Who are the executives of Insurance And Benefits Trust Of Porac Safety And Non-Safety and what are their salaries?
The average compensation at Insurance And Benefits Trust Of Porac Safety And Non-Safety during 2022 was $64,293. There are 20 employees and 12 volunteers at Insurance And Benefits Trust Of Porac Safety And Non-Safety.
Here are 14 key members and their salaries:
- Compensation: $335,826
- Related: $0
- Other: $41,581
- Compensation: $117,413
- Related: $0
- Other: $19,900
- Compensation: $100,665
- Related: $0
- Other: $34,545
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Insurance And Benefits Trust Of Porac Safety And Non-Safety?
Insurance And Benefits Trust Of Porac Safety And Non-Safety's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Insurance And Benefits Trust Of Porac Safety And Non-Safety
The Insurance and Benefits Trust of Porac Safety and Non-Safety is a dedicated organization that provides essential benefits to approximately 22,658 members. This trust offers a range of benefits, including disability, life, accidental death and dismemberment, cancer, accident, and hospital coverage. The contributors to this trust are the members, member associations, and in some instances, employers, as outlined in collective bargaining agreements.
In the past, participants in this trust were covered under fully insured benefit plans. However, as of January 1, 2018, a self-insured major medical plan was established within the trust, providing benefits for participants. This transition marked a significant change for those enrolled, as they now have a greater role in managing their healthcare coverage. The trust continues to offer disability, life, accidental death and dismemberment, cancer, accident, and hospital benefits, ensuring the well-being and peace of mind of its members.
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Impact
October, 2024
The Insurance and Benefits Trust of Porac Safety and Non-Safety significantly impacts its members by providing essential financial protections and healthcare benefits. With approximately 22,658 members relying on its services, the trust plays a crucial role in safeguarding against unforeseen circumstances such as disability, accidental death, and medical emergencies.
By offering a range of benefits, including disability, life insurance, cancer coverage, and hospital benefits, the trust ensures members have access to necessary support during challenging times. Contributions from member associations and sometimes employers facilitate these benefits, making it a collaborative effort to enhance the well-being of participants.
The introduction of a self-insured major medical plan in 2018 marked a pivotal enhancement to available services, moving away from a fully insured benefit plan to provide more tailored medical administrative services. This shift allows for greater flexibility and control over healthcare expenses, which is particularly beneficial in managing costs for members.
Overall, the trust’s comprehensive offerings enable its members to navigate health-related and financial uncertainties with greater assurance, ultimately contributing to their overall peace of mind and stability within the community.
This information is meant to be a general summary of Insurance And Benefits Trust Of Porac Safety And Non-Safety. 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: $2,414,021
- Program Service Revenue: $179,254,511
- Gross Receipts: $183,079,642
Assets and Liabilities:
- Total Assets: $122,523,431
- Total Liabilities: $32,383,006
- Net Assets: $90,140,425
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLPOYER CONRIBUTIONS
Revenue
$123,091,579
PARTICIPANT CONTRIBUTIONS
Revenue
$56,162,932
Organization Details
Founding Year
1991
Phone
(916) 928-3780Principal Officer
Richard Buss
Main Address
2960 ADVANTAGE WAY, SACRAMENTO, CA, 95834
NTEE Category
Code: Y43 - Mutual benefit
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