Overview
What is Ohio Farm Bureau Health Benefits Plan Trust?
Ohio Farm Bureau Health Benefits Plan Trust is a nonprofit organization based in Columbus, Ohio, specifically located at 280 North High Street, 6th Floor. The organization operates as a Multiple Employer Welfare Arrangement (MEWA), focusing on providing medical and prescription drug benefits for its members. All funds raised by the trust are dedicated to this sole purpose, ensuring the accomplishment of its mission. The trust serves as a collective platform for various employers, pooling resources to offer comprehensive healthcare solutions to its members. By pooling resources, it is able to provide cost-effective and accessible medical and prescription drug benefits, contributing to the overall wellbeing of its members.
What are the reviews and ratings of this charity?
The Ohio Farm Bureau Health Benefits Plan Trust is currently not rated by Charity Navigator. This absence of a rating does not inherently suggest either positive or negative aspects about its operations. The Trust is not evaluated under typical Charity Navigator metrics, primarily because it does not hold the 501(c)(3) status required for such evaluation, limiting insight into its financial practices and governance.
Understanding specific operational strengths and weaknesses from Charity Navigator's perspective is challenging due to the lack of data. The Trust's status as an independent organization also suggests autonomy in its functions, but without standard evaluation metrics, stakeholders are left without a clear picture of its efficiency or effectiveness.
Furthermore, no user reviews are available on GreatNonprofits, so public perceptions and personal experiences with the Trust are not captured. Without qualitative user feedback, potential stakeholders and beneficiaries have limited resources to gauge the Trust's reputation and impact within the community.
This AI summary has been generated from information found on Charity Navigator.
Is Ohio Farm Bureau Health Benefits Plan Trust legitimate?
Ohio Farm Bureau Health Benefits Plan Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Ohio Farm Bureau Health Benefits Plan 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 Ohio Farm Bureau Health Benefits Plan Trust?
The Ohio Farm Bureau Health Benefits Plan Trust functions as a Multiple Employer Welfare Arrangement (MEWA), offering medical and prescription drug benefits to its members. The organization's primary objective is to provide these essential health benefits. All funds are allocated towards accomplishing this sole purpose. The Trust ensures that its members have access to crucial medical coverage, enhancing their overall well-being. By pooling resources together, the MEWA aims to make healthcare more accessible and cost-effective for its members. The Trust's mission is focused on improving the health and wellness of its members through the provision of comprehensive healthcare benefits.
Who is the CEO of Ohio Farm Bureau Health Benefits Plan Trust?
Michael Bailey is the Trustee of Ohio Farm Bureau Health Benefits Plan Trust.
What is the revenue of Ohio Farm Bureau Health Benefits Plan Trust?
Ohio Farm Bureau Health Benefits Plan Trust's revenue in 2022 was $15,683,267.
Who are the executives of Ohio Farm Bureau Health Benefits Plan Trust and what are their salaries?
Here are 8 key members and their salaries:
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Where can I find the form 990 for Ohio Farm Bureau Health Benefits Plan Trust?
Ohio Farm Bureau Health Benefits Plan Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Ohio Farm Bureau Health Benefits Plan Trust
Ohio Farm Bureau Health Benefits Plan Trust is a Multiple Employer Welfare Arrangement (MEWA) that serves a noble purpose by offering medical and prescription drug benefits to its members. Established with a singular focus, all funds contributed to this organization are dedicated to accomplishing its mission.
The Ohio Farm Bureau Health Benefits Plan Trust acts as a collective entity, pooling resources together to provide comprehensive healthcare solutions for its members. By doing so, it aims to ensure that each individual or family under its wing can access essential medical services and prescription drugs, enhancing their overall wellbeing.
This nonprofit organization's primary objective is to make healthcare more accessible and affordable for its members. As a MEWA, it negotiates favorable rates with healthcare providers, thus enabling its members to enjoy a broad range of benefits. The Ohio Farm Bureau Health Benefits Plan Trust strives to provide a safety net for its members, ensuring that they have access to quality healthcare services when they need it most.
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Impact
October, 2024
The Ohio Farm Bureau Health Benefits Plan Trust significantly impacts the health and well-being of its members by providing comprehensive medical and prescription drug benefits. As a Multiple Employer Welfare Arrangement (MEWA), it serves a diverse group of employers, allowing them to pool resources and offer competitive health benefits that may be more challenging to provide independently. This collaborative approach not only helps contain costs but also enhances access to essential healthcare services for employees across the participating organizations. By focusing all its funds on fulfilling this mission, the Trust directly contributes to the overall health security of its members, promoting better health outcomes and financial stability within the agricultural community in Ohio.
This information is meant to be a general summary of Ohio Farm Bureau Health Benefits Plan 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: $13,413
- Program Service Revenue: $15,669,854
- Gross Receipts: $15,683,267
Assets and Liabilities:
- Total Assets: $4,138,686
- Total Liabilities: $3,510,575
- Net Assets: $628,111
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYERS' CONTRIB.
Revenue
$15,669,854
Organization Details
Founding Year
2015
Phone
(614) 249-2400Principal Officer
Michael Bailey
Main Address
280 NORTH HIGH STREET 6TH FLOOR, COLUMBUS, OH, 43218
NTEE Category
Code: Y44 - Mutual benefit
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