Overview
What is Kaiser-Francis Oil Company Voluntary Beneficiary Health Trust?
The Kaiser-Francis Oil Company Voluntary Beneficiary Health Trust is a nonprofit organization, specifically a Voluntary Employees' Beneficiary Association under IRC Section 501(C)(9). Based in Tulsa, Oklahoma, its primary function is to offer medical benefits to the full-time employees of Kaiser Francis Oil Company. The trust serves as a funding vehicle, holding contributions until the time when benefits are due to be paid out. This nonprofit provides comprehensive coverage, encompassing health, disability, and death benefits for its beneficiaries.
Is Kaiser-Francis Oil Company Voluntary Beneficiary Health Trust legitimate?
Kaiser-Francis Oil Company Voluntary Beneficiary Health Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Kaiser-Francis Oil Company Voluntary Beneficiary Health 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.
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 Kaiser-Francis Oil Company Voluntary Beneficiary Health Trust?
The Kaiser-Francis Oil Company Voluntary Beneficiary Health Trust serves as a funding vehicle, primarily for full-time employees of the company. Its primary objective is to provide comprehensive health, disability, and death benefits, ensuring substantial coverage for its beneficiaries. The trust holds contributions until the time benefits are due to be paid out. This employee-focused association, as per IRC Section 501(C)(9), extends medical benefits to the employees of Kaiser Francis Oil Company.
Who is the CEO of Kaiser-Francis Oil Company Voluntary Beneficiary Health Trust?
Derek G Opfer is the Trustee of Kaiser-Francis Oil Company Voluntary Beneficiary Health Trust.
What is the revenue of Kaiser-Francis Oil Company Voluntary Beneficiary Health Trust?
Kaiser-Francis Oil Company Voluntary Beneficiary Health Trust's revenue in 2022 was $6,572,313.
Who are the executives of Kaiser-Francis Oil Company Voluntary Beneficiary Health Trust and what are their salaries?
Here are 2 key members and their salaries:
- Compensation: $0
- Related: $59,093
- Other: $0
- Compensation: $0
- Related: $433,084
- Other: $0
Where can I find the form 990 for Kaiser-Francis Oil Company Voluntary Beneficiary Health Trust?
Kaiser-Francis Oil Company Voluntary Beneficiary Health Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Kaiser-Francis Oil Company Voluntary Beneficiary Health Trust
The Kaiser-Francis Oil Company Voluntary Beneficiary Health Trust is a nonprofit organization that aims to provide health, disability, and death benefits to substantially all full-time employees of the Kaiser-Francis Oil Company. The company serves as the funding vehicle, holding contributions until the benefits are due to be paid. This voluntary employee's beneficiary association, as per IRC Section 501(C)(9), offers medical benefits to the employees of the Kaiser-Francis Oil Company, ensuring their financial security and well-being in various health-related scenarios.
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Impact
October, 2024
Kaiser-Francis Oil Company Voluntary Beneficiary Health Trust significantly impacts the well-being of its employees by providing essential health, disability, and death benefits. This comprehensive plan covers nearly all full-time employees, ensuring they have access to medical care and financial support during challenging times. By acting as the funding vehicle for holding contributions until benefits are disbursed, the Trust reinforces the company's commitment to the health and security of its workforce.
The Trust operates under IRC Section 501(c)(9) as a voluntary employee beneficiary association, reflecting a proactive approach to employee welfare. This not only enhances workplace morale but also fosters a supportive environment where employees can thrive, knowing they have robust financial and medical backing. Overall, Kaiser-Francis Oil Company Voluntary Beneficiary Health Trust plays a crucial role in promoting mutual benefit and long-term security for its employees.
This information is meant to be a general summary of Kaiser-Francis Oil Company Voluntary Beneficiary Health 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.
- Program Service Revenue: $6,572,313
- Gross Receipts: $6,572,313
Assets and Liabilities:
- Total Assets: $1,497,370
- Total Liabilities: $90,276
- Net Assets: $1,407,094
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTIONS
Revenue
$4,490,021
EMPLOYEE CONTRIBUTIONS
Revenue
$2,082,292
Organization Details
Founding Year
1984
Phone
(918) 494-0000Principal Officer
Derek G Opfer
Main Address
6733 S YALE AVENUE, TULSA, OK, 741363302
NTEE Category
Code: Y40 - Mutual benefit
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