Overview
What is Energy Laboratories Inc Employee Welfare Benefit Plan Trust?
Energy Laboratories Inc Employee Welfare Benefit Plan Trust is a trust established with contributions from the employer, Energy Laboratories, Inc., and its employees. The primary function of this trust is to manage assets for the purpose of covering medical expenses and health benefits for its plan participants. This is carried out through a third-party administrator, as stipulated in the plan's document. The trust successfully achieved its objectives for the year 2022, as indicated in the information provided. The trust is located in Billings, Montana.
Official website here: www.energylab.com
Is Energy Laboratories Inc Employee Welfare Benefit Plan Trust legitimate?
Energy Laboratories Inc Employee Welfare Benefit Plan Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Energy Laboratories Inc Employee Welfare Benefit 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.
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
Official website here: www.energylab.com
What is the mission statement of Energy Laboratories Inc Employee Welfare Benefit Plan Trust?
The Energy Laboratories Inc Employee Welfare Benefit Plan Trust holds assets primarily for the purpose of covering medical expenses and health benefits for its participants. This is carried out under the guidance of a third-party administrator (TPA), which determines the claims payouts based on the plan's document. The trust's primary objective is to ensure the payment of these medical expenses and benefits to its participants, as per the contributions made by Energy Laboratories, Inc., and its employees for their self-insured employee health insurance plan. The trust aims to meet the objectives set out for each year, as demonstrated by the successful fulfillment of its goals for 2022.
Official website here: www.energylab.com
Who is the CEO of Energy Laboratories Inc Employee Welfare Benefit Plan Trust?
Tracy Dangerfield is the Institututional Trustee of Energy Laboratories Inc Employee Welfare Benefit Plan Trust.
Official website here: www.energylab.com
What is the revenue of Energy Laboratories Inc Employee Welfare Benefit Plan Trust?
Energy Laboratories Inc Employee Welfare Benefit Plan Trust's revenue in 2022 was $660,779.
Official website here: www.energylab.com
Who are the executives of Energy Laboratories Inc Employee Welfare Benefit Plan Trust and what are their salaries?
There is 1 key member and their salary:
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.energylab.com
Where can I find the form 990 for Energy Laboratories Inc Employee Welfare Benefit Plan Trust?
Energy Laboratories Inc Employee Welfare Benefit Plan Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.energylab.com
Learn more at the official website: www.energylab.com
Mission Statement of Energy Laboratories Inc Employee Welfare Benefit Plan Trust
The Energy Laboratories Inc Employee Welfare Benefit Plan Trust is a trust that serves a crucial role in providing medical expenses and health benefits for its plan participants. This is accomplished through the trust's assets, which are managed for this specific purpose and disbursed as per the guidelines of a third-party administrator, as outlined in the plan document. The trust's mission is to ensure that the medical expenses and health benefits intended for the plan participants are paid out efficiently, making use of contributions made by the employer, Energy Laboratories, Inc., and its employees. The trust's objectives for the year 2022 were met, demonstrating its effectiveness and commitment to fulfilling its mission.
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
Energy Laboratories Inc Employee Welfare Benefit Plan Trust plays a crucial role in supporting the healthcare needs of its participants by managing funds specifically designated for medical expenses and benefits. By pooling contributions from both the employer, Energy Laboratories, Inc., and its employees, the trust ensures that those covered under the self-insured health insurance plan have access to necessary medical care.
The trust operates through a third-party administrator (TPA), which efficiently processes claims and ensures that funds are distributed according to the established plan documents. This structure not only enhances the financial stability and predictability of healthcare expenses for employees but also fosters a sense of security among participants, knowing that their medical needs will be met.
In 2022, the plan successfully met its objectives, confirming its effectiveness in managing the assets for the benefit of participants. The ongoing operation of the trust significantly contributes to the well-being of employees in Billings, Montana, by safeguarding their health benefits and providing essential support in navigating medical expenses.
This information is meant to be a general summary of Energy Laboratories Inc Employee Welfare Benefit 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: -$71,329
- Program Service Revenue: $732,108
- Gross Receipts: $660,779
Assets and Liabilities:
- Total Assets: $834,064
- Total Liabilities: $0
- Net Assets: $834,064
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Payments to Provide BEnefits
Revenue
$732,108
Organization Details
Founding Year
1995
Phone
(406) 252-6325Principal Officer
Tracy Dangerfield
Main Address
PO Box 30916, Billings, MT, 59102
Website
www.energylab.comNTEE Category
Code: Y40 - Mutual benefit
If you are a representative of Energy Laboratories Inc Employee Welfare Benefit Plan Trust 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.