South Carolina Dental Association Group Insurance Trust

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 816916597 ✦ Columbia, SC ✦ Designated as a 501(c)(9)

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Overview

What is South Carolina Dental Association Group Insurance Trust?

The South Carolina Dental Association Group Insurance Trust is a nonprofit entity established in 2017, located in Columbia, South Carolina. Its primary mission is to provide group health insurance and various welfare benefits to the members, employees, and eligible dependents of the South Carolina Dental Association (SCDA). The trust is governed by an elected board of trustees who oversee its operations and make decisions in the best interest of the participants. The trust's activities include selecting insurance carriers, benefit plans, and benefit levels in certain situations; appointing vendors such as banking services, contract administrators, investment managers, auditors, and attorneys; and managing the sales, marketing, and communication of the program, including the use of outside sales agents if necessary. Overall, the South Carolina Dental Association Group Insurance Trust aims to support the dental community by offering comprehensive health and welfare benefits.


Official website here: www.scda.org

Is South Carolina Dental Association Group Insurance Trust legitimate?

South Carolina Dental Association Group Insurance Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. South Carolina Dental Association Group Insurance 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.scda.org

What is the mission statement of South Carolina Dental Association Group Insurance Trust?

The South Carolina Dental Association Group Insurance Trust's mission is to provide group health insurance and various welfare benefits to the members and employees of the South Carolina Dental Association (SCDA), as well as qualifying dependents of SCDA. This is achieved by issuing one or more fully insured insurance policies, beginning from March 1, 2017. The trust program is overseen by an elected board of trustees who are responsible for administering the trust and making decisions regarding its operations in the best interest of the participants. The trust's activities include selecting insurance carriers, benefit plans, and benefit levels; appointing vendors such as banking services, contract administrators, investment managers, auditors, and attorneys; marketing and selling the program; and managing trust funds and assets.


Official website here: www.scda.org

Who is the CEO of South Carolina Dental Association Group Insurance Trust?

John P Latham is the Trustee of South Carolina Dental Association Group Insurance Trust.


Official website here: www.scda.org

What is the revenue of South Carolina Dental Association Group Insurance Trust?

South Carolina Dental Association Group Insurance Trust's revenue in 2023 was $11,785,870.


Official website here: www.scda.org

Who are the executives of South Carolina Dental Association Group Insurance Trust and what are their salaries?

There 4 volunteers at South Carolina Dental Association Group Insurance Trust.


Here are 5 key members and their salaries:


Dr Craig Little (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dr David Babb (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dr Lynn Wallace (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dr Vaughn Parfitt (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
John P Latham (Executive Director)
  • Compensation: $0
  • Related: $153,076
  • Other: $25,041


Official website here: www.scda.org

Where can I find the form 990 for South Carolina Dental Association Group Insurance Trust?

South Carolina Dental Association Group Insurance Trust's most recent form 990 was submitted in 2023 and can be accessed here.


Official website here: www.scda.org

Learn more at the official website: www.scda.org

Mission Statement of South Carolina Dental Association Group Insurance Trust

The South Carolina Dental Association Group Insurance Trust, in its mission, aims to provide group health insurance and various welfare benefits to the members and employees of the South Carolina Dental Association (SCDA), along with qualifying dependents. Established on March 1, 2017, the Trust's primary objective is to issue one or more fully insured insurance policies to cater to the healthcare needs and well-being of the associated individuals. The Trust's operations are overseen by an elected Board of Trustees who ensure that all activities and decisions are made in the best interest of the participants.

The Trust's activities encompass several key aspects. Firstly, it involves selecting suitable insurance carriers, benefit plans, and benefit levels in certain situations. Secondly, the Trust appoints various vendors, such as banking services, contract administrators, investment managers, auditors, and attorneys, to ensure seamless Trust program execution. Thirdly, the Trust engages in sales and marketing activities, which include developing communication materials and employing outside sales agents if necessary. Lastly, the Trust manages the Trust funds and assets effectively, demonstrating its commitment to providing comprehensive and reliable welfare benefits to its members.

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Impact




October, 2024

The South Carolina Dental Association Group Insurance Trust significantly enhances the well-being of its participants by providing essential group health insurance and welfare benefits. Since its establishment on March 1, 2017, it has catered to the members and employees of the South Carolina Dental Association (SCDA), as well as their qualifying dependents.

By overseeing the administration of fully insured insurance policies, the Trust ensures that members have access to vital healthcare services. Its operations are guided by an elected board of trustees, who are committed to making decisions that serve the best interests of the participants. This governance structure facilitates effective management of trust funds, selection of insurance carriers, and setting benefit levels, thus delivering tailored healthcare solutions.

The Trust also engages in comprehensive program activities, including the appointment of vendors for various services such as banking and contract administration, alongside strategic marketing efforts to promote the program. Through these initiatives, the Trust not only addresses immediate health insurance needs but also supports long-term financial stability and peace of mind for SCDA members and their families.




This information is meant to be a general summary of South Carolina Dental Association Group Insurance 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.

Revenue
$11,785,870 (2023)
Expenses
$11,783,283 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Program Service Revenue: $11,785,870
  • Gross Receipts: $11,785,870

Assets and Liabilities:

  • Total Assets: $177,236
  • Total Liabilities: $143,333
  • Net Assets: $33,903

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

EMPLOYER CONTRIBUTIONS

Revenue

$11,750,837

COBRA CONTRIBUTIONS

Revenue

$35,033

Organization Details

Founding Year

2017

Principal Officer

John P Latham

Main Address

120 STONEMARK LN, COLUMBIA, SC, 29072

NTEE Category

Code: Y43 - Mutual benefit

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