Overview
What is First American Bank Welfare Benefit Plan?
First American Bank Welfare Benefit Plan is an employee welfare benefits plan that is self-insured. Its primary mission is to offer health and medical benefits, along with similar services, to its employees. This plan serves as a vital resource for the bank's workforce, ensuring their well-being and health protection. The plan's activities are geared towards providing essential healthcare benefits to its employees, demonstrating the bank's commitment to their employees' overall wellness.
Is First American Bank Welfare Benefit Plan legitimate?
First American Bank Welfare Benefit Plan is a legitimate nonprofit organization registered as a 501(c)(9) entity. First American Bank Welfare Benefit 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
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What is the mission statement of First American Bank Welfare Benefit Plan?
The First American Bank Welfare Benefit Plan is an Employee Welfare Benefits Plan, which is self-insured. Its primary mission is to provide health and medical benefits, along with similar services, to its employees. The plan is committed to ensuring the well-being and health of its employees by offering these benefits. The self-insured nature of the plan allows for more flexibility and control over the benefits provided. The plan aims to support the overall well-being and health of its employees, enhancing their quality of life.
Who is the CEO of First American Bank Welfare Benefit Plan?
Brett Demilliano is the Evp\Cfo of First American Bank Welfare Benefit Plan.
What is the revenue of First American Bank Welfare Benefit Plan?
First American Bank Welfare Benefit Plan's revenue in 2022 was $2,235,416.
Who are the executives of First American Bank Welfare Benefit Plan and what are their salaries?
There is 1 key member and their salary:
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for First American Bank Welfare Benefit Plan?
First American Bank Welfare Benefit Plan's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of First American Bank Welfare Benefit Plan
The First American Bank Welfare Benefit Plan, as an Employee Welfare Benefits Plan, is committed to providing health, medical, and related benefits to its members. This self-insured plan serves as a vital resource for its employees, offering a range of benefits designed to support their well-being. The mission of this plan is to ensure that its members have access to necessary health and medical services, thereby enhancing their overall quality of life. By self-insuring, the First American Bank Welfare Benefit Plan maintains a degree of control and flexibility in tailoring its benefits to meet the evolving needs of its employees.
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Impact
October, 2024
The First American Bank Welfare Benefit Plan significantly impacts its employees by providing crucial health, medical, and similar benefits through a self-insured framework. This enables the organization to tailor its offerings to meet the specific needs of its workforce, ensuring access to essential healthcare services. By prioritizing employee welfare, the plan promotes overall well-being, which can enhance job satisfaction and productivity. The provision of such benefits fosters a supportive work environment, enabling employees to focus on their roles with peace of mind regarding their health and financial security. Overall, this initiative supports the workforce's health, contributing to a more robust and engaged employee community.
This information is meant to be a general summary of First American Bank Welfare Benefit 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $1,069
- Program Service Revenue: $2,234,347
- Gross Receipts: $2,235,416
Assets and Liabilities:
- Total Assets: $252,282
- Total Liabilities: $0
- Net Assets: $252,282
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Organization Details
Founding Year
1987
Phone
(575) 736-8935Principal Officer
Brett Demilliano
Main Address
PO Box AA, Artesia, NM, 882107526
NTEE Category
Code: Y40 - Mutual benefit
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