Overview
What is Service Benefit Plan Administrative Services Sbp - Veba?
Service Benefit Plan Administrative Services Sbp - Veba is a nonprofit organization situated in Baltimore, Maryland. Its primary mission is to manage and invest contributions made by SBP to cover certain health insurance benefits for eligible retired employees and their dependents. This organization serves as a platform to ensure the necessary funds are available to meet the expenses associated with providing these benefits.
Is Service Benefit Plan Administrative Services Sbp - Veba legitimate?
Service Benefit Plan Administrative Services Sbp - Veba is a legitimate nonprofit organization registered as a 501(c)(9) entity. Service Benefit Plan Administrative Services Sbp - Veba 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 Service Benefit Plan Administrative Services Sbp - Veba?
Service Benefit Plan Administrative Services Sbp, often referred to as Veba, has a primary mission to pay certain health insurance benefits to eligible retired employees and their dependents. The organization serves as a medium for receiving contributions made by SBP to cover the costs associated with providing these benefits. In essence, its role is to ensure the financial support for the health insurance needs of retired employees and their families.
Who is the CEO of Service Benefit Plan Administrative Services Sbp - Veba?
Jenny Smith is the Trustee of Service Benefit Plan Administrative Services Sbp - Veba.
What is the revenue of Service Benefit Plan Administrative Services Sbp - Veba?
Service Benefit Plan Administrative Services Sbp - Veba's revenue in 2022 was $1,863,797.
Who are the executives of Service Benefit Plan Administrative Services Sbp - Veba and what are their salaries?
There is 1 key member and their salary:
- Compensation: $1,750
- Related: $0
- Other: $0
Where can I find the form 990 for Service Benefit Plan Administrative Services Sbp - Veba?
Service Benefit Plan Administrative Services Sbp - Veba's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Service Benefit Plan Administrative Services Sbp - Veba
Service Benefit Plan Administrative Services Sbp-Veba, as an organization, is dedicated to fulfilling its primary mission. This mission primarily revolves around paying health insurance benefits to eligible retired employees and their dependents, ensuring financial support during their post-employment years. The organization serves as a medium for SBP to make contributions, covering the expenses associated with providing these benefits. By managing and investing these contributions effectively, Service Benefit Plan Administrative Services Sbp-Veba plays a crucial role in ensuring the continued well-being of its beneficiaries, ensuring that they can access necessary health care services.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
The Service Benefit Plan Administrative Services (SBP - VEBA) plays a significant role in supporting retired employees and their dependents by ensuring the payment of health insurance benefits. By receiving and investing contributions made by SBP, it creates a sustainable source of funding for these benefits, which is crucial for the financial health and well-being of retirees.
The organization effectively addresses the healthcare needs of its participants, providing essential support during retirement. This not only enhances the quality of life for eligible retirees but also promotes a sense of security for their families. By focusing on these health insurance benefits, the SBP - VEBA helps mitigate the financial burdens associated with medical expenses, which can often be substantial for seniors.
Additionally, the organization’s structured approach to managing contributions and benefits demonstrates a commitment to responsible financial stewardship. This not only ensures that funds are available when needed but also fosters trust among participants, reinforcing the importance of reliable support systems for those in retirement. Overall, the impact of SBP - VEBA is profound, creating significant advantages for retirees and contributing to their overall peace of mind.
This information is meant to be a general summary of Service Benefit Plan Administrative Services Sbp - Veba. 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: $907,753
- Program Service Revenue: $339,595
- Gross Receipts: $1,863,797
Assets and Liabilities:
- Total Assets: $9,216,554
- Total Liabilities: $0
- Net Assets: $9,216,554
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
2005
Phone
(410) 998-5807Principal Officer
Jenny Smith
Main Address
1501 S CLINTON STREET, BALTIMORE, MD, 21224
NTEE Category
Code: Y43 - Mutual benefit
If you are a representative of Service Benefit Plan Administrative Services Sbp - Veba and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.