Overview
What is Blue Cross Blue Shield Of North Dakota Funded Group Benefit Plan?
Blue Cross Blue Shield of North Dakota's Funded Group Benefit Plan is a nonprofit organization dedicated to financing health insurance premiums for the active employees and future and current retirees of the company. Based in Fargo, North Dakota, with the address 4510 13th AVE S, the trust acts as a funding vehicle to ensure the continuity of health coverage for the employees associated with Blue Cross Blue Shield of North Dakota.
Is Blue Cross Blue Shield Of North Dakota Funded Group Benefit Plan legitimate?
Blue Cross Blue Shield Of North Dakota Funded Group Benefit Plan is a legitimate nonprofit organization registered as a 501(c)(9) entity. Blue Cross Blue Shield Of North Dakota Funded Group 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 Blue Cross Blue Shield Of North Dakota Funded Group Benefit Plan?
The Blue Cross Blue Shield of North Dakota Funded Group Benefit Plan serves as a funding mechanism to cover healthcare premiums for the active employees and future retirees of Blue Cross Blue Shield of North Dakota. The primary mission of this trust is to ensure the financial provision of health insurance benefits for this group. By fulfilling this role, the plan aims to maintain the wellbeing and financial security of its beneficiaries. The trust's resources contribute significantly to the employees' access to essential healthcare services.
Who is the CEO of Blue Cross Blue Shield Of North Dakota Funded Group Benefit Plan?
Cynthia Thormodson is the Trustee of Blue Cross Blue Shield Of North Dakota Funded Group Benefit Plan.
What is the revenue of Blue Cross Blue Shield Of North Dakota Funded Group Benefit Plan?
Blue Cross Blue Shield Of North Dakota Funded Group Benefit Plan's revenue in 2022 was $16,507,063.
Who are the executives of Blue Cross Blue Shield Of North Dakota Funded Group Benefit Plan and what are their salaries?
There is 1 key member and their salary:
- Compensation: $83,617
- Related: $0
- Other: $0
Where can I find the form 990 for Blue Cross Blue Shield Of North Dakota Funded Group Benefit Plan?
Blue Cross Blue Shield Of North Dakota Funded Group Benefit Plan's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Blue Cross Blue Shield Of North Dakota Funded Group Benefit Plan
Blue Cross Blue Shield of North Dakota Funded Group Benefit Plan is a mission-driven trust that prioritizes funding healthcare benefits for the active and retired employees of Blue Cross Blue Shield of North Dakota. Established with the intention of acting as a financial resource, the trust's primary objective is to cater to the health insurance expenses of the organization's current workforce and future retirees.
By assuming the responsibility of covering healthcare premiums for employees, Blue Cross Blue Shield of North Dakota Funded Group Benefit Plan plays a vital role in ensuring the well-being of its workforce. This commitment to employee benefits not only fosters a healthy and productive work environment but also demonstrates the organization's dedication to the long-term welfare of its staff.
Furthermore, the trust extends its support to retired employees, ensuring they continue to have access to comprehensive healthcare coverage even after leaving the workforce. This continued investment in the health and well-being of its employees, both active and retired, underscores Blue Cross Blue Shield of North Dakota's commitment to its team and their overall well-being.
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Impact
October, 2024
The Blue Cross Blue Shield of North Dakota Funded Group Benefit Plan plays a significant role in supporting the healthcare needs of active employees and retirees of Blue Cross Blue Shield of North Dakota. By funding healthcare premiums, it ensures that both current and future retirees have access to essential health services, thereby contributing to their overall well-being and financial security.
This organized funding mechanism provides a vital safety net, alleviating the burden of healthcare costs for employees and retirees. By prioritizing healthcare access, the plan enhances workforce stability and promotes better health outcomes within the community. Its mission as a funding vehicle demonstrates a commitment to mutual benefit, fostering a supportive environment for those who have dedicated their careers to the organization. With its presence in Fargo, North Dakota, the plan not only supports individuals but also strengthens the community by enhancing the quality of life for its members.
This information is meant to be a general summary of Blue Cross Blue Shield Of North Dakota Funded Group 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: $6,743,266
- Program Service Revenue: $9,763,797
- Gross Receipts: $73,684,515
Assets and Liabilities:
- Total Assets: $16,592,684
- Total Liabilities: $370,000
- Net Assets: $16,222,684
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTIONS
Revenue
$147,955
EMPLOYEE CONTRIBUTIONS
Revenue
$9,615,842
Organization Details
Founding Year
2003
Phone
(701) 282-1100Principal Officer
Cynthia Thormodson
Main Address
4510 13TH AVE S, FARGO, ND, 58121
NTEE Category
Code: Y43 - Mutual benefit
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