Overview
What is Royal Health Benefit Trust?
The Royal Health Benefit Trust is a nonprofit organization headquartered at 1000 Gates Avenue, Brooklyn, New York, with a ZIP code of 11221. Their primary objective is to manage the assets of a health benefit plan named Royal Health Benefit Trust. This organization's mission is to ensure the financial well-being of the program, which provides health and insurance benefits for the employees and their dependents of various participating companies.
Is Royal Health Benefit Trust legitimate?
Royal Health Benefit Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Royal Health 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Royal Health Benefit Trust?
The Royal Health Benefit Trust is dedicated to preserving the assets of a health benefit plan by the same name. This trust plays a crucial role in providing health and insurance benefits to the employees and their dependents of various participating companies. Its primary objective is to ensure the financial sustainability of the health benefit plan. By maintaining the trust's assets, it enables the distribution of essential health and insurance benefits, ultimately contributing to the overall well-being of the covered individuals. The trust's commitment extends to ensuring the financial security and access to healthcare services for those enrolled in the plan.
Who is the CEO of Royal Health Benefit Trust?
Leopold Friedman is the Trustee of Royal Health Benefit Trust.
What is the revenue of Royal Health Benefit Trust?
Royal Health Benefit Trust's revenue in 2022 was $15,626,696.
Who are the executives of Royal Health Benefit Trust and what are their salaries?
Here are 2 key members and their salaries:
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- Other: $0
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Where can I find the form 990 for Royal Health Benefit Trust?
Royal Health Benefit Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Royal Health Benefit Trust
The Royal Health Benefit Trust, a health benefit plan organization, is dedicated to preserving its assets to ensure the continuous delivery of health and insurance benefits for the employees and their dependents of various participating companies. Its mission is twofold: first, to safeguard the financial resources of the trust; and second, to provide essential health and insurance coverage to those it serves. By maintaining the trust's assets, the Royal Health Benefit Trust is able to fulfill its commitment to its beneficiaries, ensuring they have access to the necessary healthcare and insurance benefits when they need it most.
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Impact
October, 2024
Royal Health Benefit Trust significantly impacts the well-being of its participating employees and their dependents by ensuring the reliability and stability of health and insurance benefits. By maintaining the assets of the health benefit plan, it provides essential support that helps individuals manage their healthcare needs effectively. This commitment facilitates access to necessary medical services, enhancing the overall quality of life for employees and their families. Additionally, the trust's role in the financial stewardship of health benefits fosters a sense of security among workers, allowing them to focus on their roles within their respective companies while knowing that their health needs are adequately covered. In this way, Royal Health Benefit Trust contributes to a healthier, more engaged workforce across Brooklyn and beyond.
This information is meant to be a general summary of Royal Health 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.
- Program Service Revenue: $15,626,696
- Gross Receipts: $15,626,696
Assets and Liabilities:
- Total Assets: $6,313,266
- Total Liabilities: $7,217,959
- Net Assets: -$904,693
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Employee Contributions
Revenue
$3,334,225
Employer Contributions
Revenue
$12,292,471
Organization Details
Founding Year
2019
Phone
(718) 852-7000Principal Officer
Leopold Friedman
Main Address
1000 Gates Avenue, Brooklyn, NY, 11221
NTEE Category
Code: Y43 - Mutual benefit
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