Overview
What is Sc Manufacturers Alliance Group Ins Tr?
Sc Manufacturers Alliance Group Ins Tr, established in Columbia, South Carolina, serves as an insurance trust for the employees of South Carolina Manufacturers Alliance (SCMA) member companies. The trust, overseen by an elected board of trustees, offers group health insurance and various welfare benefits, such as vision, dental, and life insurance. The trust's activities encompass selecting insurance carriers, benefit plans, and levels, managing trust funds and assets, marketing the program, and appointing vendors like banking services, contract administrators, investment managers, auditors, and attorneys. By issuing fully insured insurance policies, the trust aims to provide benefits to not only the employees but also their dependents.
Official website here: www.myscma.com
Is Sc Manufacturers Alliance Group Ins Tr legitimate?
Sc Manufacturers Alliance Group Ins Tr is a legitimate nonprofit organization registered as a 501(c)(9) entity. Sc Manufacturers Alliance Group Ins Tr 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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Official website here: www.myscma.com
What is the mission statement of Sc Manufacturers Alliance Group Ins Tr?
The mission of Sc Manufacturers Alliance Group Ins Tr is to provide group health insurance and other welfare benefits to the employees of South Carolina Manufacturers Alliance member employers, as well as their dependents. This is accomplished by issuing one or more fully insured insurance policies. Beginning July 1, 2019, the organization started offering these benefits, overseen by an elected board of trustees who make decisions on the program's operations in the best interest of the participants. They are responsible for selecting insurance carriers, benefit plans, and benefit levels; choosing and appointing vendors such as banking services, contract administrator, investment manager, auditor, and attorney; marketing the program and using outside agents if necessary; and managing the trust funds and assets.
Official website here: www.myscma.com
Who is the CEO of Sc Manufacturers Alliance Group Ins Tr?
Sara Hazzard is the Trustee & Scma Ceo of Sc Manufacturers Alliance Group Ins Tr. The CEO's salary of Sc Manufacturers Alliance Group Ins Tr is $0 and their total compensation is $0.
Official website here: www.myscma.com
What is the revenue of Sc Manufacturers Alliance Group Ins Tr?
Sc Manufacturers Alliance Group Ins Tr's revenue in 2023 was $4,651,644.
Official website here: www.myscma.com
Who are the executives of Sc Manufacturers Alliance Group Ins Tr and what are their salaries?
Here are 3 key members and their salaries (Sc Manufacturers Alliance Group Ins Tr's CEO's salary is $0 and their total compensation is $0):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.myscma.com
Where can I find the form 990 for Sc Manufacturers Alliance Group Ins Tr?
Sc Manufacturers Alliance Group Ins Tr's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.myscma.com
Learn more at the official website: www.myscma.com
Mission Statement of Sc Manufacturers Alliance Group Ins Tr
Sc Manufacturers Alliance Group Ins Tr, shortened to the Trust, is an organization dedicated to providing group health insurance and other welfare benefits. Its mission is to extend these benefits to the employees of South Carolina Manufacturers Alliance member employers, as well as their dependents. The Trust, overseen by an elected board of trustees, accomplishes this by issuing one or more fully insured insurance policies. The Trustees are responsible for various activities, including selecting insurance carriers, benefit plans, and benefit levels in certain situations; choosing and appointing vendors such as banking services, contract administrators, investment managers, auditors, and attorneys; marketing the program; and managing the Trust's funds and assets.
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Impact
October, 2024
The South Carolina Manufacturers Alliance Group Insurance Trust (SCMA Trust) plays a crucial role in enhancing the welfare of employees and their dependents within member companies. By offering group health insurance and other welfare benefits, the SCMA Trust helps ensure that employees have access to essential healthcare services. This initiative promotes employee well-being, which can lead to greater job satisfaction and productivity.
Furthermore, the SCMA Trust operates under the governance of an elected board of trustees, ensuring that decisions regarding insurance carriers, benefit plans, and vendors are made in the best interest of participants. This structured oversight fosters accountability and transparency, reinforcing trust among member employers and their employees.
By marketing the program effectively and managing trust funds and assets prudently, the SCMA Trust not only provides immediate health benefits but also contributes to the long-term financial stability of the participating manufacturers. Ultimately, the SCMA Trust enhances the overall competitiveness of the manufacturing sector in South Carolina by promoting a healthier workforce that can contribute to their organizations more effectively.
This information is meant to be a general summary of Sc Manufacturers Alliance Group Ins Tr. 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 2023.
- Program Service Revenue: $4,651,644
- Gross Receipts: $4,651,644
Assets and Liabilities:
- Total Assets: $216,662
- Total Liabilities: $32,656
- Net Assets: $184,006
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBER CONTRIBUTIONS
Revenue
$4,512,880
COMMISSIONS
Revenue
$134,576
PARTICIPANT CONTRIBUTI
Revenue
$4,188
Organization Details
Founding Year
2019
Phone
(803) 799-9695Principal Officer
Sara Hazzard
Main Address
1340 BULL STREET, COLUMBIA, SC, 29201
Website
www.myscma.comNTEE Category
Code: Y43 - Mutual benefit
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