Overview
What is Farm Credit Benefits Alliance Employee Welfare Benefit Trust?
The Farm Credit Benefits Alliance Employee Welfare Benefit Trust is a nonprofit organization based in Columbia, South Carolina. They specialize in offering life, sickness, health, dental, accident, and other related benefits to eligible employees through a voluntary Employees Beneficiary Association. The trust acts as a trustee, managing and administering funds for the payment of these benefits for participants or their dependents or designated beneficiaries.
Is Farm Credit Benefits Alliance Employee Welfare Benefit Trust legitimate?
Farm Credit Benefits Alliance Employee Welfare Benefit Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Farm Credit Benefits Alliance Employee Welfare 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.
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What is the mission statement of Farm Credit Benefits Alliance Employee Welfare Benefit Trust?
The Farm Credit Benefits Alliance Employee Welfare Benefit Trust serves as a voluntary association that administers funds for the provision of various benefits, including life, sick, health, dental, and accident insurance. This trust is dedicated to holding and managing resources for the exclusive benefit of participants or their dependents and designated beneficiaries. Through this trust, eligible employees gain access to essential benefits, such as sickness and hospitalization insurance, life insurance, and disability coverage. The trust's primary goal is to ensure that its members have peace of mind and protection during times of need.
Who is the CEO of Farm Credit Benefits Alliance Employee Welfare Benefit Trust?
Jeffery L Payne is the Principal Officer of Farm Credit Benefits Alliance Employee Welfare Benefit Trust.
What is the revenue of Farm Credit Benefits Alliance Employee Welfare Benefit Trust?
Farm Credit Benefits Alliance Employee Welfare Benefit Trust's revenue in 2022 was $61,309,168.
Who are the executives of Farm Credit Benefits Alliance Employee Welfare Benefit Trust and what are their salaries?
Here are 10 key members and their salaries:
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Where can I find the form 990 for Farm Credit Benefits Alliance Employee Welfare Benefit Trust?
Farm Credit Benefits Alliance Employee Welfare Benefit Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Farm Credit Benefits Alliance Employee Welfare Benefit Trust
Farm Credit Benefits Alliance Employee Welfare Benefit Trust is a voluntary employees' beneficiary association trust, dedicated to holding and administering funds for the payment of life, sick, health, dental, accident, or similar benefits for the exclusive benefit of its participants and their dependents or designated beneficiaries. In simpler terms, this trust works to provide essential benefits to eligible employees through a voluntary association.
The Farm Credit Benefits Alliance Employee Welfare Benefit Trust plays a vital role in offering members with sickness and hospitalization insurance, a safety net during times of illness or medical emergencies. Additionally, it ensures financial security for its members by providing life insurance and disability insurance benefits. These benefits not only offer peace of mind to employees but also contribute to their overall well-being and financial stability.
By pooling resources as a trust, Farm Credit Benefits Alliance Employee Welfare Benefit Trust is able to offer comprehensive benefits packages to its members at collective bargaining rates. This unique structure enables the trust to provide more extensive coverage and cost savings compared to individual plans. Furthermore, the trust's commitment to its members goes beyond mere financial security, as it strives to improve their overall quality of life and provide them with the necessary support during challenging times.
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Impact
October, 2024
Farm Credit Benefits Alliance Employee Welfare Benefit Trust significantly enhances the well-being of eligible employees by providing a comprehensive range of benefits. By offering life, sick, health, dental, and accident insurance, the Trust ensures that members have access to essential support during challenging times. This provision of sickness and hospitalization insurance, along with disability benefits, helps alleviate financial burdens that can arise from health issues or accidents, enabling employees to focus on their recovery without the stress of overwhelming medical expenses.
The Trust operates as a Voluntary Employees Beneficiary Association, which allows it to effectively manage and administer funds specifically for the purpose of supporting its members' welfare needs. By holding and directing these resources, the Trust strengthens the safety net for participants and their families, promoting a sense of security and peace of mind within the workforce. Ultimately, the Farm Credit Benefits Alliance plays a pivotal role in fostering a healthier, more resilient work environment, contributing positively to both individual lives and the larger community.
This information is meant to be a general summary of Farm Credit Benefits Alliance Employee Welfare 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.
- Investment Income: $142,871
- Program Service Revenue: $58,396,590
- Gross Receipts: $113,423,568
Assets and Liabilities:
- Total Assets: $5,304,479
- Total Liabilities: $1,463,542
- Net Assets: $3,840,937
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTIONS
Revenue
$58,396,590
Organization Details
Founding Year
1994
Phone
(803) 799-5000Principal Officer
Jeffery L Payne
Main Address
PO Box 1499, Columbia, SC, 292021499
NTEE Category
Code: Y43 - Mutual benefit
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