Rensselaer Columbia Greene Group Health Insurance Trust

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

EIN: 146164893 ✦ Castleton on hudson, NY ✦ Designated as a 501(c)(9)

Overview

What is Rensselaer Columbia Greene Group Health Insurance Trust?

The Rensselaer Columbia Greene Group Health Insurance Trust is a New York State consortium of public school districts. With a shared mission, they facilitate health insurance and prescription drug benefits procurement at discounted prices for their member schools. By pooling their purchasing power, they aim to effectively lower healthcare costs for the participating institutions.


Is Rensselaer Columbia Greene Group Health Insurance Trust legitimate?

Rensselaer Columbia Greene Group Health Insurance Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Rensselaer Columbia Greene Group Health 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


What is the mission statement of Rensselaer Columbia Greene Group Health Insurance Trust?
Who is the CEO of Rensselaer Columbia Greene Group Health Insurance Trust?
What is the revenue of Rensselaer Columbia Greene Group Health Insurance Trust?
Who are the executives of Rensselaer Columbia Greene Group Health Insurance Trust and what are their salaries?
Where can I find the form 990 for Rensselaer Columbia Greene Group Health Insurance Trust?

Mission Statement of Rensselaer Columbia Greene Group Health Insurance Trust

The Rensselaer Columbia Greene Group Health Insurance Trust, a consortium of New York State public school districts, works diligently to help its members acquire health insurance and prescription drug benefits at reduced costs. By pooling their purchasing power through an agreement, this organization aims to achieve significant savings on healthcare expenses for its members. In essence, the Trust serves as a collective bargaining power, securing better deals on insurance plans and prescription drugs for its constituents.

The Rensselaer Columbia Greene Group Health Insurance Trust's ultimate goal is to lower healthcare costs for its members, enabling schools to allocate their resources more efficiently and effectively. This consortium's strategic approach to group purchasing has proven successful, allowing participating districts to enjoy substantial savings on their healthcare expenditures. The Trust's mission extends beyond cost reduction, as it strives to provide its members with access to comprehensive and affordable health insurance solutions.

By pooling resources and negotiating collectively, the Rensselaer Columbia Greene Group Health Insurance Trust extracts favorable terms from insurance providers, ensuring that its members receive high-value benefits at competitive prices. This collaborative model not only benefits the public school districts, but also contributes to a more robust and sustainable healthcare system for the communities it serves.

Impact

This information is meant to be a general summary of Rensselaer Columbia Greene Group Health Insurance Trust. Please take the time to review official sources before making any decisions based upon the content provided here.




Thursday, August 15, 2024

The impact of the Rensselaer Columbia Greene Group Health Insurance Trust is evident in the significant reduction of healthcare costs for its member schools. By operating as a consortium of public school districts in New York State, the trust facilitates a pooled purchasing agreement for health insurance and prescription drug benefits. This arrangement allows member schools to access these vital services at lower costs, ultimately leading to savings and improved financial sustainability for the educational institutions involved. The Trust's focus on achieving lower healthcare costs for its members directly benefits the school districts and employees, demonstrating its commitment to driving positive outcomes through collaborative and mutually beneficial initiatives.





Financials

This financial information is from Propublica.

Revenue
Expenses
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $922,507
  • Program Service Revenue: $115,117,752
  • Gross Receipts: $116,190,259

    • Assets and Liabilities:
  • Total Assets: $26,051,763
  • Total Liabilities: $22,399,161
  • Net Assets: $3,652,602
  • Programs

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

    PREMIUMS

    Revenue

    $102,681,748

    PHARMACY REBATES

    Revenue

    $10,293,508

    PERFORMANCE DISCOUNT

    Revenue

    $1,179,514

    RETROACTIVE INSUR SETTLEMENT

    Revenue

    $962,982

    Organization Details

    Founding Year

    1985

    Principal Officer

    Harry Hadjioannou

    Main Address

    C/O QUESTAR III 10 EMPIRE ST BLVD, CASTLETON ON HUDSON, NY, 12033

    NTEE Category

    Code: Y40 - Mutual benefit

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