Overview
What is Alabama Bankers Association Employee Benefit Trust?
The Alabama Bankers Association Employee Benefit Trust is a nonprofit entity situated in Montgomery, Alabama. Its primary function is to collect contributions from participating employers, which are then used to cover health and welfare plan premiums and administrative expenses. This trust is dedicated to providing essential benefits to its member employees, ensuring their well-being and overall welfare.
Is Alabama Bankers Association Employee Benefit Trust legitimate?
Alabama Bankers Association Employee Benefit Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Alabama Bankers Association Employee 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 Alabama Bankers Association Employee Benefit Trust?
The Alabama Bankers Association Employee Benefit Trust's primary role is to accumulate contributions from participating employers to cover health and welfare plan premiums and administrative expenses. This trust is committed to providing health and welfare benefits for its member employees. By pooling resources, the trust aims to make these essential benefits more accessible and affordable for its participants. The trust serves as a crucial intermediary, facilitating the provision of these benefits to its participating members.
Who is the CEO of Alabama Bankers Association Employee Benefit Trust?
Janice Cox is the Director of Alabama Bankers Association Employee Benefit Trust. The CEO's salary of Alabama Bankers Association Employee Benefit Trust is $0 and their total compensation is $0.
What is the revenue of Alabama Bankers Association Employee Benefit Trust?
Alabama Bankers Association Employee Benefit Trust's revenue in 2022 was $10,977,548.
Who are the executives of Alabama Bankers Association Employee Benefit Trust and what are their salaries?
Here are 5 key members and their salaries (Alabama Bankers Association Employee Benefit Trust's CEO's salary is $0 and their total compensation is $0):
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- Compensation: $0
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- Other: $0
Where can I find the form 990 for Alabama Bankers Association Employee Benefit Trust?
Alabama Bankers Association Employee Benefit Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Alabama Bankers Association Employee Benefit Trust
Alabama Bankers Association Employee Benefit Trust is an organization that plays a significant role in providing health and welfare benefits to its participating members. Its primary mission is to collect contributions from participating employers to fund the premiums and administrative expenses associated with these benefits. By doing so, the Trust ensures that its members have access to essential health and welfare plans.
In essence, the Alabama Bankers Association Employee Benefit Trust serves as a bridge between employers and their employees, facilitating the provision of crucial health and welfare benefits. Its role is vital in ensuring the financial sustainability of these plans, allowing members to enjoy comprehensive coverage without undue financial burden. The Trust's activities contribute significantly to the well-being of its members, offering them peace of mind and security in their health and welfare.
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Impact
October, 2024
The Alabama Bankers Association Employee Benefit Trust plays a vital role in supporting the health and welfare of its participating members. By collecting contributions from participating employers, the Trust ensures that funds are available for health and welfare plan premiums and administrative expenses. This infrastructure enables member banks and their employees to access essential health benefits, promoting overall employee well-being and job satisfaction.
The Trust's existence fosters a community where banks can collaboratively manage healthcare costs while providing comprehensive coverage for their employees. This collective approach not only enhances the quality of benefits recipients receive but also helps to stabilize costs and improve financial planning for the member banks involved. By prioritizing health and welfare, the Trust helps create a resilient workforce within the banking industry in Alabama.
This information is meant to be a general summary of Alabama Bankers Association Employee 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: $10,977,548
- Gross Receipts: $10,977,548
Assets and Liabilities:
- Total Assets: $676,968
- Total Liabilities: $587,104
- Net Assets: $89,864
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PREMIUMS RECEIVED
Revenue
$10,977,548
Organization Details
Founding Year
2019
Phone
(334) 386-5733Principal Officer
Janice Cox
Main Address
445 DEXTER AVENUE 10025, MONTGOMERY, AL, 36104
NTEE Category
Code: Y43 - Mutual benefit
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