Overview
What is Home Builders Association Of South Carolina Group Trust Insurance?
Home Builders Association of South Carolina Group Trust Insurance is a nonprofit organization based in Columbia, South Carolina, specifically at 625 Taylor Street Suite A, SC 29201. Its primary mission is to offer group health insurance and various welfare benefits to the employees of Home Builders Association of South Carolina (HBASC) member employers. This is achieved by issuing one or more fully insured insurance policies. The Trust is overseen by an elected Board of Trustees, who are responsible for selecting insurance carriers, benefit plans, and benefit levels, as well as appointing vendors and managing trust funds and assets. They also market the program and manage its general operations in the best interest of the participants.
Official website here: www.hbaofsc.com/healthcare
Is Home Builders Association Of South Carolina Group Trust Insurance legitimate?
Home Builders Association Of South Carolina Group Trust Insurance is a legitimate nonprofit organization registered as a 501(c)(9) entity. Home Builders Association Of South Carolina Group Trust Insurance 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.hbaofsc.com/healthcare
What is the mission statement of Home Builders Association Of South Carolina Group Trust Insurance?
The Home Builders Association of South Carolina Group Trust Insurance aims to provide group health insurance and various welfare benefits to the employees of its member employers. This is achieved by issuing one or more fully insured insurance policies, overseen by an elected board of trustees. The board is responsible for selecting insurance carriers, benefit plans, and benefit levels in certain situations, as well as appointing vendors such as banking services, contract administrators, investment managers, auditors, and attorneys. They also manage the marketing of the program, including developing communication materials and using outside agents if necessary. Furthermore, they oversee the general management of trust funds and assets.
Official website here: www.hbaofsc.com/healthcare
Who is the CEO of Home Builders Association Of South Carolina Group Trust Insurance?
Mark Nix is the Executive Director of Home Builders Association Of South Carolina Group Trust Insurance.
Official website here: www.hbaofsc.com/healthcare
What is the revenue of Home Builders Association Of South Carolina Group Trust Insurance?
Home Builders Association Of South Carolina Group Trust Insurance's revenue in 2022 was $5,534,573.
Official website here: www.hbaofsc.com/healthcare
Who are the executives of Home Builders Association Of South Carolina Group Trust Insurance and what are their salaries?
There 5 volunteers at Home Builders Association Of South Carolina Group Trust Insurance.
Here are 5 key members and their salaries:
- Compensation: $0
- Related: $164,700
- Other: $15,208
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.hbaofsc.com/healthcare
Where can I find the form 990 for Home Builders Association Of South Carolina Group Trust Insurance?
Home Builders Association Of South Carolina Group Trust Insurance's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.hbaofsc.com/healthcare
Learn more at the official website: www.hbaofsc.com/healthcare
Mission Statement of Home Builders Association Of South Carolina Group Trust Insurance
Home Builders Association of South Carolina Group Trust Insurance, in its mission, aims to provide group health insurance and other welfare benefits to the employees of Home Builders Association of South Carolina member employers. This is accomplished by issuing one or more fully insured insurance policies. The organization is overseen by an elected Board of Trustees, who are responsible for making decisions regarding the selection of insurance carriers, benefit plans and levels, the appointment of vendors, marketing, and the management of trust funds and assets. The Trust's primary goal is to serve the best interests of the participants, ensuring they have access to comprehensive healthcare and welfare benefits.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Home Builders Association of South Carolina Group Trust Insurance significantly enhances the well-being of employees working for member employers within the home building industry by providing access to group health insurance and a variety of welfare benefits. Established on August 1, 2019, this initiative addresses a critical need for affordable healthcare options in a sector that often faces challenges in securing comprehensive employee benefits.
By pooling resources through a group trust, participating employers can offer their employees better insurance coverage at reduced costs compared to individual policies. This collective approach not only stabilizes healthcare costs for employers but also ensures that employees receive essential health benefits, contributing to their overall job satisfaction and retention.
The Trust is managed by a dedicated board of trustees, who oversee operations, select insurance carriers, and determine benefit plans and levels tailored to the needs of the workforce. This governance model ensures that decisions are made with the best interests of the participants in mind. Additionally, the Trust takes care of all administrative activities, including the appointment of necessary vendors and the management of trust funds and assets, streamlining processes for member employers.
Overall, the Home Builders Association of South Carolina Group Trust Insurance is instrumental in promoting a healthier workforce, enhancing employee morale, and creating a more competitive business environment within the home building industry in South Carolina.
This information is meant to be a general summary of Home Builders Association Of South Carolina Group Trust Insurance. 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: $5,534,573
- Gross Receipts: $5,534,573
Assets and Liabilities:
- Total Assets: $181,067
- Total Liabilities: $41,698
- Net Assets: $139,369
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBER CONTRIBUTIONS
Revenue
$5,392,742
SERVICE FEES
Revenue
$110,110
EMPLOYEE CONTRIBUTIONS
Revenue
$31,721
Organization Details
Founding Year
2019
Phone
(803) 771-7408Principal Officer
Mark Nix
Main Address
625 TAYLOR STREET SUITE A, COLUMBIA, SC, 29201
Website
www.hbaofsc.com/healthcareNTEE Category
Code: Y40 - Mutual benefit
If you are a representative of Home Builders Association Of South Carolina Group Trust Insurance and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.