Overview
What is Washington Education Association Rate Stabilization Reserve Trust?
The Washington Education Association Rate Stabilization Reserve Trust is a nonprofit entity based in Federal Way, Washington. Its primary objective is to manage experience surpluses, which helps in stabilizing insurance rates for the benefit of its participating plan members. This trust transfer funds to insurers, covers excess premiums, and manages related costs associated with administering and managing the trust. Its mission is to ensure affordable insurance rates for educators within the state of Washington.
Official website here: www.washingtonea.org
Is Washington Education Association Rate Stabilization Reserve Trust legitimate?
Washington Education Association Rate Stabilization Reserve Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Washington Education Association Rate Stabilization Reserve 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
For more financial information, click here
Official website here: www.washingtonea.org
What is the mission statement of Washington Education Association Rate Stabilization Reserve Trust?
The Washington Education Association Rate Stabilization Reserve Trust is established with a mission to manage experience surpluses, benefiting the members of participating insurance plans. This is done to stabilize insurance rates, ensuring a more consistent financial situation for these members. The trust accomplishes this by transferring funds to insurers, reimbursing excess premiums, and covering related expenses to administer and manage the trust. This strategy aims to maintain annual group insurance rates, providing stability and financial security to the members.
Official website here: www.washingtonea.org
What is the revenue of Washington Education Association Rate Stabilization Reserve Trust?
Washington Education Association Rate Stabilization Reserve Trust's revenue in 2023 was $10,526.
Official website here: www.washingtonea.org
Who are the executives of Washington Education Association Rate Stabilization Reserve Trust and what are their salaries?
Here are 11 key members and their salaries:
- Compensation: $175,726
- Related: $74,590
- Other: $15,409
- Compensation: $190,448
- Related: $109,034
- Other: $19,960
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- Compensation: $245,722
- Related: $0
- Other: $145,361
- Compensation: $285,174
- Related: $0
- Other: $145,972
Official website here: www.washingtonea.org
Where can I find the form 990 for Washington Education Association Rate Stabilization Reserve Trust?
Washington Education Association Rate Stabilization Reserve Trust's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.washingtonea.org
Learn more at the official website: www.washingtonea.org
Mission Statement of Washington Education Association Rate Stabilization Reserve Trust
The Washington Education Association Rate Stabilization Reserve Trust is committed to managing experience surpluses with the primary objective of stabilizing insurance rates for its participating plan members. By transferring funds to insurers and reimbursing excess premiums and related costs, this trust aims to maintain stable annual group insurance rates. This proactive approach benefits the members of the participating plans by providing them with more predictable and affordable insurance coverage. In essence, the Washington Education Association Rate Stabilization Reserve Trust serves as a financial buffer, ensuring that insurance rates remain consistent and manageable for its members.
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Impact
October, 2024
The Washington Education Association Rate Stabilization Reserve Trust plays a crucial role in managing experience surpluses to stabilize insurance rates for its members. By transferring funds to insurers, the Trust helps smooth out fluctuations in annual group insurance rates, ensuring that members of the participating plans are protected from unexpected cost increases. Additionally, it provides reimbursement for excess premiums and covers related administrative costs, enhancing the affordability and predictability of insurance expenses for educators and their families. This financial management directly benefits the members by reducing the financial burden associated with insurance costs, thereby fostering a more sustainable and supportive environment for educational professionals.
This information is meant to be a general summary of Washington Education Association Rate Stabilization Reserve 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 2023.
- Investment Income: $10,526
- Program Service Revenue: $307,739
- Gross Receipts: $10,526
Assets and Liabilities:
- Total Assets: $1,744,108
- Total Liabilities: $108,924
- Net Assets: $1,635,184
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INSURANCE SURPLUSES
Revenue
$307,739
Organization Details
Founding Year
1992
Principal Officer
Donna Wesley
Website
www.washingtonea.orgNTEE Category
Code: Y40 - Mutual benefit
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