Overview
What is R Lacy Services Ltd Employee Benefit Trust?
R Lacy Services Ltd Employee Benefit Trust is a nonprofit organization based in Longview, Texas. Its primary function involves collecting premiums to cover medical claims and administrative expenses for its beneficiaries. This trust serves as a financial intermediary, ensuring that the necessary funds are available to meet the healthcare needs of its members, thereby providing them with essential medical coverage.
Is R Lacy Services Ltd Employee Benefit Trust legitimate?
R Lacy Services Ltd Employee Benefit Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. R Lacy Services Ltd Employee Benefit 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 R Lacy Services Ltd Employee Benefit Trust?
The mission of R Lacy Services Ltd Employee Benefit Trust, in essence, revolves around collecting premiums with the primary purpose of covering medical claims and managing associated administrative expenses for its beneficiaries. This non-profit entity works diligently to ensure that the medical needs of its beneficiaries are met by efficiently managing the premiums paid by its members and effectively managing the expenses incurred during claim processing.
Who is the CEO of R Lacy Services Ltd Employee Benefit Trust?
Texas Bank Trust Company is the Trustee of R Lacy Services Ltd Employee Benefit Trust.
What is the revenue of R Lacy Services Ltd Employee Benefit Trust?
R Lacy Services Ltd Employee Benefit Trust's revenue in 2022 was $2,900,675.
Who are the executives of R Lacy Services Ltd Employee Benefit Trust 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 R Lacy Services Ltd Employee Benefit Trust?
R Lacy Services Ltd Employee Benefit Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of R Lacy Services Ltd Employee Benefit Trust
R Lacy Services Ltd Employee Benefit Trust is an organization dedicated to collecting premiums with the primary purpose of paying for medical claims and associated administrative expenses. In simpler terms, this nonprofit entity gathers funds to cover the medical bills and administrative costs of its beneficiaries. By doing so, it ensures that individuals who are part of the plan can receive necessary medical care without undue financial burden. The Trust plays a crucial role in managing the financial aspects of healthcare for its members, thereby providing a safety net during times of medical need.
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Impact
October, 2024
R Lacy Services Ltd Employee Benefit Trust plays a crucial role in financial support for participants by collecting premiums that are utilized to cover medical claims and administrative expenses. This ensures that beneficiaries receive timely assistance for their healthcare needs. By managing the funds effectively, the Trust promotes mutual benefit, allowing members to access necessary medical services without the burden of overwhelming costs. The operation in Longview, TX, provides a safety net, contributing significantly to the well-being of its beneficiaries through the payment of insurance premiums and associated expenses. Ultimately, this structure fosters a community-oriented approach to health benefits, enhancing the overall quality of life for its members.
This information is meant to be a general summary of R Lacy Services Ltd Employee Benefit 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: $2,800,000
- Gross Receipts: $2,900,675
Assets and Liabilities:
- Total Assets: $253,963
- Total Liabilities: $0
- Net Assets: $253,963
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTION
Revenue
$2,800,000
Organization Details
Founding Year
1983
Phone
(903) 758-8276Principal Officer
Texas Bank Trust Company
Main Address
P O BOX 2146, LONGVIEW, TX, 75606
NTEE Category
Code: Y40 - Mutual benefit
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