Overview
What is Granite Group Insurance Trust?
The Granite Group Insurance Trust, located at 105 North Main Street, Barre, VT, 05641, is a nonprofit organization that primarily focuses on delivering various welfare benefit insurance coverages for member employers and their employees. The trust, governed by unionized labor contracts, administers a multi-employer group plan and provides medical, dental, vision, life, and disability insurance coverages. The Trust also offers Medicare supplement plan coverages for retired members. The organization, with a team of 14 individuals, acts as a signatory to a collective bargaining agreement.
Is Granite Group Insurance Trust legitimate?
Granite Group Insurance Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Granite Group Insurance 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 not tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $81,079
Professional Fundraising Fees: $0
Other Salaries and Wages: $57,775
For more financial information, click here
What is the mission statement of Granite Group Insurance Trust?
The Granite Group Insurance Trust focuses on offering various insurance coverages to employer members and their employees. These coverages include medical, dental, vision, life, and disability insurance. The trust is signatory to a collective bargaining agreement. The medical insurance plans form the primary source of revenue and expenses for the trust. They administer a multi-employer group plan, which is governed by unionized labor contracts.
Who is the CEO of Granite Group Insurance Trust?
Anne Houle is the Chairman of Granite Group Insurance Trust.
What is the revenue of Granite Group Insurance Trust?
Granite Group Insurance Trust's revenue in 2022 was $14,319,099.
Who are the executives of Granite Group Insurance Trust and what are their salaries?
The average compensation at Granite Group Insurance Trust during 2022 was $9,918. There are 14 employees and 8 volunteers at Granite Group Insurance Trust.
Here are 9 key members and their salaries:
- Anne Houle (Treasurer)
- Matthew Peake (Chairman) [Trustee/Director]
- Sarah Somerville (Co-Chairman) [Trustee/Director]
- Raymond Bettis (Trustee)
- Rick Sauer (Trustee)
- William Clifford (Trustee)
- Marion Lenglet (Trustee)
- Paige Lamthi (Trustee)
- Robert Pope (Trustee)
Where can I find the form 990 for Granite Group Insurance Trust?
The Granite Group Insurance Trust’s most recent form 990 was submitted in 2022 and can be accessed here
Mission Statement of Granite Group Insurance Trust
The Granite Group Insurance Trust, a significant provider of welfare benefit insurance coverages, is committed to safeguarding the health and wellbeing of its member employers and employees. With a primary focus on medical insurance, the Trust extends its coverage to include dental, vision, life, and disability insurance. Incorporated into its mission, the Trust also offers Medicare supplement plan coverages for retired members, ensuring comprehensive support for its community.
Under the collective bargaining agreements that govern the Trust, it administers a multi-employer group plan. The medical coverages form the backbone of the Trust's revenue and expenses. By pooling resources and expertise, the Granite Group Insurance Trust is able to provide competitive and affordable insurance solutions to its members. In doing so, it fosters a collaborative environment that benefits both employers and employees, ensuring they have access to essential healthcare services.
Impact
This information is meant to be a general summary of Granite Group Insurance Trust. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Granite Group Insurance Trust provides various welfare benefit insurance coverages for member employers and employees. Its medical coverages serve as the primary source of revenue and expenses. The trust administers a multi-employer group plan governed by unionized labor contracts. Additionally, Granite Group Insurance Trust offers medical, dental, vision, life, and disability insurance coverages for its members, along with Medicare supplement plan coverages for retired members. This organization's impact is significant as it plays a crucial role in providing essential insurance services to member employers and employees, ensuring their health and financial well-being are protected.
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.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEDICAL, DENTAL, VISION PROGRAMS
Revenue
$13,769,482
LIFE & DISABILITY PROGRAMS
Revenue
$413,619
ADMINISTRATIVE REVENUE
Revenue
$135,960
Organization Details
Founding Year
1947
Phone
(802) 476-3291
Principal Officer
Anne Houle
Main Address
105 NORTH MAIN STREET 302, BARRE, VT, 05641
NTEE Category
Code: Y40 - Mutual benefit
If you are a representative of Granite Group Insurance Trust and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.