Ipava State Bank Group Medical Health Plan

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 846724119 ✦ Canton, IL ✦ Designated as a 501(c)(9)

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Overview

What is Ipava State Bank Group Medical Health Plan?

Ipava State Bank Group Medical Health Plan is a welfare benefits program, headquartered at 123 E PINE ST, CANTON, IL 61520. The primary objective of this plan is to extend health benefits to eligible employees of Ipava State Bank and their dependents. The program ensures that these individuals have access to essential healthcare services, thereby enhancing their overall well-being. The plan focuses on providing welfare benefits, serving as a vital support system for the employees and their families.

Is Ipava State Bank Group Medical Health Plan legitimate?

Ipava State Bank Group Medical Health Plan is a legitimate nonprofit organization registered as a 501(c)(9) entity. Ipava State Bank Group Medical Health Plan 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

What is the mission statement of Ipava State Bank Group Medical Health Plan?

The Ipava State Bank Group Medical Health Plan is established with the primary objective of offering welfare benefits to the employees of Ipava State Bank and their eligible dependents, who are enrolled in the plan. This plan serves to enhance their overall well-being by providing necessary healthcare coverage. The purpose of the plan is to ensure that the covered individuals have access to essential medical services when needed. It aims to support the employees and their families in maintaining their health and wellness, thereby contributing to their overall quality of life.

Who is the CEO of Ipava State Bank Group Medical Health Plan?

Ipava State Bank is the Trustee of Ipava State Bank Group Medical Health Plan.

What is the revenue of Ipava State Bank Group Medical Health Plan?

Ipava State Bank Group Medical Health Plan's revenue in 2022 was $744,049.

Who are the executives of Ipava State Bank Group Medical Health Plan and what are their salaries?


There is 1 key member and their salary:


Ipava State Bank (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Ipava State Bank Group Medical Health Plan?

Ipava State Bank Group Medical Health Plan's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Ipava State Bank Group Medical Health Plan

Ipava State Bank Group Medical Health Plan is dedicated to providing welfare benefits for the employees of Ipava State Bank and their eligible dependents covered by the plan. The organization's mission is centered around enhancing the well-being of its beneficiaries by offering a comprehensive range of healthcare benefits. By doing so, Ipava State Bank Group Medical Health Plan aims to support the health and overall welfare of its employees, ensuring they can maintain a balanced and prosperous lifestyle.

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Impact




October, 2024

The Ipava State Bank Group Medical Health Plan significantly impacts its employees and their eligible dependents by offering essential welfare benefits. By providing access to healthcare services, the plan enhances the overall well-being of the workforce, which in turn fosters a supportive and stable work environment. Employees benefit from financial assistance in managing medical expenses, which can alleviate stress and improve job satisfaction.

The plan serves as a crucial safety net for employees, ensuring that they have access to necessary medical care without incurring overwhelming costs. This contributes to improved health outcomes, as employees are more likely to seek preventive care and treatment when they have reliable insurance coverage. Furthermore, the availability of such benefits can enhance employee retention and recruitment, as potential hires view comprehensive health plans as an attractive feature when choosing an employer.

In summary, the Ipava State Bank Group Medical Health Plan strengthens the organization by prioritizing the health and welfare of its employees, ultimately leading to a more productive and engaged workforce.




This information is meant to be a general summary of Ipava State Bank Group Medical Health Plan. 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.

Revenue
$744,049 (2022)
Expenses
$366,633 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: -$84,965
  • Program Service Revenue: $829,014
  • Gross Receipts: $1,151,227

Assets and Liabilities:

  • Total Assets: $1,448,426
  • Total Liabilities: $1,670
  • Net Assets: $1,446,756

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

EMPLOYER CONTRIBUTIONS

Revenue

$756,880

PLAN REBATES

Revenue

$11,615

REINSURANCE

Revenue

$60,519

Organization Details

Founding Year

2019

Principal Officer

Ipava State Bank

Main Address

123 E PINE ST, CANTON, IL, 61520

NTEE Category

Code: Y43 - Mutual benefit

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