Overview
What is Standard Insurance Company Continuing Health & Welfare Benefits Trust?
The Standard Insurance Company Continuing Health & Welfare Benefits Trust is a charitable organization, situated in Portland, Oregon. Its primary objective is to accumulate, preserve, and distribute funds aiming to offer post-employment benefits such as life, health, and associated services, to the retired personnel of StanCorp Financial Group. This trust plays a crucial role in providing financial support to ensure the well-being of retired employees, contributing to their overall quality of life in retirement.
Is Standard Insurance Company Continuing Health & Welfare Benefits Trust legitimate?
Standard Insurance Company Continuing Health & Welfare Benefits Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Standard Insurance Company Continuing Health & Welfare Benefits 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 Standard Insurance Company Continuing Health & Welfare Benefits Trust?
The Standard Insurance Company Continuing Health & Welfare Benefits Trust is established with the mission to gather, safeguard, and distribute funds. This is done with the primary objective of providing retirement benefits, including life and health coverage, for the retired employees of StanCorp Financial Group. The trust's role is essential in ensuring the financial security and wellbeing of these retired employees, providing them with essential healthcare and related benefits.
What is the revenue of Standard Insurance Company Continuing Health & Welfare Benefits Trust?
Standard Insurance Company Continuing Health & Welfare Benefits Trust's revenue in 2023 was $859,723.
Who are the executives of Standard Insurance Company Continuing Health & Welfare Benefits Trust and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $4,055,931
- Other: $0
- Compensation: $0
- Related: $1,215,674
- Other: $0
- Compensation: $0
- Related: $761,742
- Other: $0
Where can I find the form 990 for Standard Insurance Company Continuing Health & Welfare Benefits Trust?
Standard Insurance Company Continuing Health & Welfare Benefits Trust's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Standard Insurance Company Continuing Health & Welfare Benefits Trust
The Standard Insurance Company Continuing Health & Welfare Benefits Trust is committed to gathering, safeguarding, and distributing funds to offer life, health, and comparable benefits to the retired employees of StanCorp Financial Group. This organization serves a crucial role in ensuring the well-being of its beneficiaries by providing them with essential healthcare benefits post-retirement. Its mission is centered around collecting, holding, and disbursing funds to cater to the healthcare needs of the retired employees of StanCorp Financial Group, thereby enhancing their quality of life during their golden years.
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Impact
October, 2024
The Standard Insurance Company Continuing Health & Welfare Benefits Trust plays a crucial role in supporting the well-being of retired employees of StanCorp Financial Group. By collecting, holding, and disbursing funds, the Trust ensures that retirees have access to essential life, health, and similar benefits. This financial support fosters security and peace of mind for retirees, allowing them to focus on enjoying their retirement years. The Trust also reinforces the commitment of StanCorp Financial Group to its former employees, enhancing their quality of life and demonstrating the organization's dedication to mutual benefit and long-term care for those who contributed to its success. Overall, the Trust significantly impacts the health and welfare of retirees, promoting a sense of community and responsibility among the workforce.
This information is meant to be a general summary of Standard Insurance Company Continuing Health & Welfare Benefits 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: $718,173
- Program Service Revenue: $141,550
- Gross Receipts: $859,723
Assets and Liabilities:
- Total Assets: $17,091,463
- Total Liabilities: $64,142
- Net Assets: $17,027,321
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Employer cont S512a3Bii
Revenue
$141,550
Organization Details
Founding Year
1992
Principal Officer
Susan Bruechner
NTEE Category
Code: Y40 - Mutual benefit
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