Bio-Rad Laboratories Employee Benefit Trust

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

EIN: 942485431 ✦ Hercules, CA ✦ Designated as a 501(c)(9)

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Overview

What is Bio-Rad Laboratories Employee Benefit Trust?

The Bio-Rad Laboratories Employee Benefit Trust is a trust fund based in Hercules, California. This nonprofit organization focuses on providing health and welfare benefits for its participants, covering essential services like insurance premiums, medical and dental care, and Flexible Spending Account (FSA) payments. The trust offers various plan options, including Preferred Provider Organization (PPO), Health Maintenance Organization (HMO), Employee Assistance Program (EAP), vision coverage, short-term and long-term disability, stop loss, life insurance, and Business Travel Accident (BTA) coverage.

Is Bio-Rad Laboratories Employee Benefit Trust legitimate?

Bio-Rad Laboratories Employee Benefit Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Bio-Rad Laboratories 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

For more financial information, click here

What is the mission statement of Bio-Rad Laboratories Employee Benefit Trust?

The Bio-Rad Laboratories Employee Benefit Trust is a trust designed to provide health and welfare benefits to its participants. This includes coverage for various insurance plans such as PPO, HMO, and EAP, as well as dental, STD, LTD, stop loss, life insurance, and Business Travel Accident (BTA) insurance. The trust's primary goal is to ensure the well-being of those enrolled in its plan, providing them with essential benefits and services. By offering a range of comprehensive coverage options, the Bio-Rad Laboratories Employee Benefit Trust aims to promote the health and financial security of its members.

Who is the CEO of Bio-Rad Laboratories Employee Benefit Trust?

Colleen Corey is the Trustee of Bio-Rad Laboratories Employee Benefit Trust.

What is the revenue of Bio-Rad Laboratories Employee Benefit Trust?

Bio-Rad Laboratories Employee Benefit Trust's revenue in 2022 was $61,769,696.

Who are the executives of Bio-Rad Laboratories Employee Benefit Trust and what are their salaries?


Here are 2 key members and their salaries:


Colleen Corey (Trustee)
  • Compensation: $0
  • Related: $1,866,267
  • Other: $38,727
Ajit Ramalingam (Trustee)
  • Compensation: $0
  • Related: $1,158,577
  • Other: $41,863
Where can I find the form 990 for Bio-Rad Laboratories Employee Benefit Trust?

Bio-Rad Laboratories Employee Benefit Trust's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Bio-Rad Laboratories Employee Benefit Trust

The Bio-Rad Laboratories Employee Benefit Trust is a trust that prioritizes the well-being of its participants by managing and disbursing funds for a range of health and welfare benefits. By offering various forms of coverage including PPO, HMO, EAP, vision, STD, LTD, stop loss, life insurance, and BTA, the trust ensures its members have access to essential health services and financial protection. The trust's mission is to provide and manage these benefits, enhancing the overall wellbeing and peace of mind for those it serves.

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Impact




October, 2024

Bio-Rad Laboratories Employee Benefit Trust significantly impacts the well-being of its plan participants by providing essential health and welfare benefits. Located in Hercules, CA, the trust plays a pivotal role in easing the financial burdens associated with healthcare costs. By covering a wide array of services—ranging from insurance premiums, medical, and dental payments to flexible spending accounts (FSA)—the trust ensures that employees have access to critical healthcare resources.

Moreover, the trust offers comprehensive coverage options including PPO and HMO plans, Employee Assistance Programs (EAP), vision care, short-term and long-term disability (STD and LTD) insurance, stop-loss insurance, life insurance, and Business Travel Accident (BTA) coverage. This diverse array of benefits not only enhances employee satisfaction and productivity but also supports a healthier workforce, promoting both individual and organizational success. Overall, the Bio-Rad Laboratories Employee Benefit Trust is instrumental in fostering a supportive environment for employees through its robust benefits offerings.




This information is meant to be a general summary of Bio-Rad Laboratories 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.

Revenue
$61,769,696 (2022)
Expenses
$61,769,696 (2022)
Efficiency

Other financial information:

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

  • Program Service Revenue: $60,682,999
  • Gross Receipts: $61,769,696

Assets and Liabilities:

  • Total Assets: $0
  • Total Liabilities: $0
  • Net Assets: $0

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Programs

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

EMPLOYER CONTRIBUTIONS

Revenue

$50,334,907

EMPLOYEE CONTRIBUTIONS

Revenue

$10,348,092

Organization Details

Founding Year

1980

Principal Officer

Colleen Corey

Main Address

1000 ALFRED NOBEL DRIVE, HERCULES, CA, 945471811

NTEE Category

Code: Y40 - Mutual benefit

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