Overview
What is Missouri Chamber Federation Benefit Plan Trust?
The Missouri Chamber Federation Benefit Plan Trust is a nonprofit organization that offers self-funded health and welfare benefits to participating employers and their eligible employees. To be part of this trust, employers must hold membership in good standing with any chamber of commerce affiliated with the Missouri Chamber Federation. Each employer sponsors their unique benefit plan within the trust. Acting as a Multiple Employer Welfare Arrangement (MEWA), the organization provides self-funded medical and prescription drug benefits to its members.
What are the reviews and ratings of this charity?
The Missouri Chamber Federation Benefit Plan Trust is not currently rated by Charity Navigator. This lack of rating stems from the organization's non-501(c)(3) status, which excludes it from most standard evaluations used by Charity Navigator, such as Accountability & Finance, Impact & Measurement, Leadership & Adaptability, and Culture & Community assessments. Therefore, the absence of a rating doesn't imply anything specific about the organization's performance or practices.
Charity Navigator's data suggests that some foundational details are available, such as its independent affiliation and IRS Business Master File data. However, critical financial information, such as total revenue, expenses, and salaries of key individuals, is not provided. This lack of transparency might pose challenges for potential donors or stakeholders trying to assess the organization's financial health or operational effectiveness.
Without 501(c)(3) status, the organization does not file a form 990, which limits public financial disclosures that might otherwise assist in more comprehensive evaluations. Consequently, while the trust remains independent, the lack of certain financial and operational disclosures could affect donor confidence and inhibit rigorous external assessments of its activities and impact.
There are no user reviews available from GreatNonprofits, hence there is no additional feedback to provide regarding personal experiences or community sentiments associated with the Missouri Chamber Federation Benefit Plan Trust.
This AI summary has been generated from information found on Charity Navigator.
Is Missouri Chamber Federation Benefit Plan Trust legitimate?
Missouri Chamber Federation Benefit Plan Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Missouri Chamber Federation 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:
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Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Missouri Chamber Federation Benefit Plan Trust?
The Missouri Chamber Federation Benefit Plan Trust functions as a multiple employer welfare arrangement, offering self-funded medical and prescription drug benefits to its member organizations. The trust enables participating employers to extend health and welfare benefits to their eligible employees. Members must maintain good standing within a chamber of commerce that is affiliated with the Missouri Chamber Federation. Each employer sponsors their unique benefit plan, allowing for customization to their specific needs.
Who is the CEO of Missouri Chamber Federation Benefit Plan Trust?
Dan Mehan is the Trustee & Chairperson of Missouri Chamber Federation Benefit Plan Trust.
What is the revenue of Missouri Chamber Federation Benefit Plan Trust?
Missouri Chamber Federation Benefit Plan Trust's revenue in 2022 was $189,450,150.
Who are the executives of Missouri Chamber Federation Benefit Plan Trust and what are their salaries?
Here are 4 key members and their salaries:
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Where can I find the form 990 for Missouri Chamber Federation Benefit Plan Trust?
Missouri Chamber Federation Benefit Plan Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Missouri Chamber Federation Benefit Plan Trust
The Missouri Chamber Federation Benefit Plan Trust is a multiple employer welfare arrangement that offers self-funded medical and prescription drug benefits to its member businesses and their eligible employees. Established with the mission to provide comprehensive health and welfare solutions, the Trust enables participating employers to sponsor their own benefit plans while maintaining membership in good standing with any chamber of commerce that is part of the Missouri Chamber Federation.
In essence, the Trust functions as a cooperative, pooling resources from various businesses to offer competitive and customizable health benefits. By joining forces, these employers can extend affordable coverage options to their workforce, thereby boosting employee morale, productivity, and overall wellbeing. The Trust's self-funded structure empowers participating employers with significant control over their benefit plans, ultimately saving them costs and allowing them to tailor the offerings to their unique business needs.
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Impact
October, 2024
The Missouri Chamber Federation Benefit Plan Trust significantly impacts its members by providing self-funded medical and prescription drug benefits tailored to the needs of participating employers and their eligible employees. By operating as a multiple employer welfare arrangement, it enables a collaborative approach to health benefits, making healthcare more accessible and cost-effective for smaller businesses that might struggle to provide comprehensive coverage independently.
Participating employers, required to be members in good standing with a Chamber of Commerce under the Missouri Chamber Federation, can customize their benefit plans while leveraging collective bargaining power to obtain better rates and services. This arrangement not only enhances the value of membership in the federation but also encourages a robust network of employers committed to the welfare of their workforce.
The Trust supports the financial stability and health of local businesses, enabling them to attract and retain talent by offering competitive benefits. By pooling resources, participating employers can mitigate risk, reduce healthcare costs, and improve overall employee satisfaction and well-being. This collaborative model fosters a sense of community among businesses in Missouri, contributing to a stronger economy and workforce health across the state.
This information is meant to be a general summary of Missouri Chamber Federation 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: $194,410
- Program Service Revenue: $189,255,740
- Gross Receipts: $189,450,150
Assets and Liabilities:
- Total Assets: $24,915,946
- Total Liabilities: $20,130,894
- Net Assets: $4,785,052
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYEE&EMPLOYER CONTRIB.
Revenue
$189,255,740
Organization Details
Founding Year
2017
Phone
(573) 634-3511Principal Officer
Dan Mehan
Main Address
428 EAST CAPITOL AVENUE 100, JEFFERSON CITY, MO, 65101
NTEE Category
Code: Y43 - Mutual benefit
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