Overview
What is Howard Energy Employee Benefit Trust?
Howard Energy Employee Benefit Trust is a nonprofit organization situated in Traverse City, Michigan. Its primary focus is providing a group health program, catering to major medical expenses and associated costs. This plan extends its coverage to around 43 active employees and early retirees, ensuring their health needs are addressed. The Trust serves as a vital resource for these individuals, ensuring they have access to necessary medical care.
Is Howard Energy Employee Benefit Trust legitimate?
Howard Energy Employee Benefit Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Howard Energy 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 Howard Energy Employee Benefit Trust?
The Howard Energy Employee Benefit Trust is dedicated to providing a group health program, catering to major medical expenses and related costs. This program extends coverage to around 43 active employees and early retirees. The mission of the trust is centered around ensuring these individuals have access to necessary healthcare services during challenging medical situations. It serves as a safety net, offering financial relief for significant healthcare expenditures and related costs.
Who is the CEO of Howard Energy Employee Benefit Trust?
Richard D Newell is the Trustee of Howard Energy Employee Benefit Trust.
What is the revenue of Howard Energy Employee Benefit Trust?
Howard Energy Employee Benefit Trust's revenue in 2022 was $626,521.
Who are the executives of Howard Energy Employee Benefit Trust 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 Howard Energy Employee Benefit Trust?
Howard Energy Employee Benefit Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Howard Energy Employee Benefit Trust
Howard Energy Employee Benefit Trust is dedicated to providing a group health program that caters to major medical expenses and associated costs. This mission extends to covering approximately 43 lives of active employees and early retirees within the organization. In essence, the trust serves as a safety net, offering financial assistance during significant health-related challenges, thereby ensuring that its beneficiaries can access necessary medical care without undue financial burden.
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Impact
October, 2024
Howard Energy Employee Benefit Trust plays a significant role in supporting the health and well-being of its participants by providing a group health program focused on major medical expenses and related costs. By covering approximately 43 lives of active employees and early retirees, the program directly impacts these individuals' access to essential healthcare services, ensuring that they can receive necessary medical attention without the burden of exorbitant out-of-pocket costs.
This initiative fosters a sense of security and stability among employees, as it helps mitigate financial risks associated with medical emergencies and chronic health conditions. The program not only enhances the quality of life for its participants but also promotes a healthier workforce, which can lead to increased productivity and morale within the organization. Overall, the Howard Energy Employee Benefit Trust serves as a critical resource in the community, reinforcing the importance of accessible healthcare for employees and their families.
This information is meant to be a general summary of Howard Energy 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.
- Investment Income: $21
- Program Service Revenue: $626,500
- Gross Receipts: $626,521
Assets and Liabilities:
- Total Assets: $96,190
- Total Liabilities: $29,407
- Net Assets: $66,783
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Employer contributions/assessments
Revenue
$532,909
Employee contributions and COBRA
Revenue
$93,591
Organization Details
Founding Year
1975
Phone
(231) 995-7850Principal Officer
Richard D Newell
Main Address
PO Box 949, Traverse City, MI, 49685
NTEE Category
Code: Y40 - Mutual benefit
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