Beverly Hills Poa Supplemental Ben Trust

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

EIN: 954462590 ✦ Mukilteo, WA ✦ Designated as a 501(c)(9)

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Overview

What is Beverly Hills Poa Supplemental Ben Trust?

The Beverly Hills POA Supplemental Ben Trust is a nonprofit organization that offers financial assistance to retired beneficiaries. Its primary mission involves reimbursing these individuals for the medical insurance premiums they personally cover, a practice that benefited 30 retired beneficiaries in 2019. This trust serves as a crucial support system for its beneficiaries, helping them manage the costs associated with medical insurance.


Official website here: www.bhpoa.simon365.com

Is Beverly Hills Poa Supplemental Ben Trust legitimate?

Beverly Hills Poa Supplemental Ben Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Beverly Hills Poa Supplemental Ben 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.bhpoa.simon365.com

What is the mission statement of Beverly Hills Poa Supplemental Ben Trust?

The Beverly Hills PoA Supplemental Ben Trust's primary mission is to provide financial assistance to retired beneficiaries by covering their medical insurance premiums. Consequently, in 2019, this trust aided 30 retired individuals, offering them reimbursements for their healthcare expenses. The trust's objective is to alleviate some of the financial burden associated with medical insurance for retired beneficiaries. This support ultimately ensures that retired individuals have access to necessary medical care without experiencing undue financial strain.


Official website here: www.bhpoa.simon365.com

Who is the CEO of Beverly Hills Poa Supplemental Ben Trust?

Michael R Corren is the Chairman (As Of 02/22) of Beverly Hills Poa Supplemental Ben Trust.


Official website here: www.bhpoa.simon365.com

What is the revenue of Beverly Hills Poa Supplemental Ben Trust?

Beverly Hills Poa Supplemental Ben Trust's revenue in 2022 was $1,709,371.


Official website here: www.bhpoa.simon365.com

Who are the executives of Beverly Hills Poa Supplemental Ben Trust and what are their salaries?

There 7 volunteers at Beverly Hills Poa Supplemental Ben Trust.


Here are 7 key members and their salaries:


Steve Own (Chairman (As Of 02/22))
  • Compensation: $0
  • Related: $0
  • Other: $0
William L Fair - Chairman ((Thru 02/22)/Trustee (As Of 10/22))
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael R Corren (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Eric Bender (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Chris Lelong (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Douglas S Matteson (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Alex Rhee (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.bhpoa.simon365.com

Where can I find the form 990 for Beverly Hills Poa Supplemental Ben Trust?

Beverly Hills Poa Supplemental Ben Trust's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.bhpoa.simon365.com

Learn more at the official website: www.bhpoa.simon365.com

Mission Statement of Beverly Hills Poa Supplemental Ben Trust

The Beverly Hills PoA Supplemental Ben Trust is an organization dedicated to supporting retired beneficiaries. Its primary mission involves reimbursing these individuals for the medical insurance premiums they personally pay. In 2019, this initiative resulted in 30 retired beneficiaries receiving reimbursements from the trust. By providing this financial assistance, the Beverly Hills PoA Supplemental Ben Trust aims to alleviate some of the financial burden associated with medical insurance costs for its beneficiaries, thereby ensuring they can maintain proper healthcare coverage during their retirement years.

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Impact




October, 2024

Beverly Hills Poa Supplemental Ben Trust significantly alleviates the financial burden faced by retired beneficiaries regarding medical insurance premiums. By reimbursing beneficiaries for these expenses, the Trust ensures that retirees can maintain access to necessary healthcare without the overwhelming cost. In 2019 alone, the Trust provided reimbursements to 30 retired beneficiaries, enhancing their financial security and well-being. This support not only helps sustain their health but also contributes to a more stable retirement experience, allowing retirees to focus on their quality of life rather than worrying about medical expenses. The Trust plays a vital role in promoting the financial health of its beneficiaries in Mukilteo, WA, addressing a critical need among the retired population.




This information is meant to be a general summary of Beverly Hills Poa Supplemental Ben 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
$1,709,371 (2022)
Expenses
$410,157 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $682,721
  • Program Service Revenue: $1,026,650
  • Gross Receipts: $5,943,970

Assets and Liabilities:

  • Total Assets: $17,918,270
  • Total Liabilities: $11,228
  • Net Assets: $17,907,042

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Programs

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

SPONSOR CONTRIBUTIONS

Revenue

$1,026,650

Organization Details

Founding Year

1994

Principal Officer

Michael R Corren

Main Address

12121 HARBOUR REACH DR 105, MUKILTEO, WA, 98275

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