Allete And Affiliated Companies Employees' Medical Plan

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

EIN: 416037362 ✦ Duluth, MN ✦ Designated as a 501(c)(9)

Overview

What is Allete And Affiliated Companies Employees' Medical Plan?

Allete and Affiliated Companies Employees' Medical Plan is a Duluth, Minnesota-based nonprofit organization, serving as a fraternal beneficiary society and voluntary employees association. With an annual revenue of $13.8 million, this organization plays a vital role by processing and paying medical claims for 921 active employees and their dependents. This safety net ensures the financial well-being of those it serves, handling their healthcare-related expenses.


Is Allete And Affiliated Companies Employees' Medical Plan legitimate?

Allete And Affiliated Companies Employees' Medical Plan is a legitimate nonprofit organization registered as a 501(c)(9) entity. Allete And Affiliated Companies Employees' Medical Plan 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: $1,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


What is the mission statement of Allete And Affiliated Companies Employees' Medical Plan?
Who is the CEO of Allete And Affiliated Companies Employees' Medical Plan?
What is the revenue of Allete And Affiliated Companies Employees' Medical Plan?
Who are the executives of Allete And Affiliated Companies Employees' Medical Plan and what are their salaries?
Where can I find the form 990 for Allete And Affiliated Companies Employees' Medical Plan?

Mission Statement of Allete And Affiliated Companies Employees' Medical Plan

The Allete and Affiliated Companies Employees' Medical Plan, a fraternal beneficiary society and voluntary employees association, plays a crucial role in managing medical claims on behalf of 921 active employees and their dependents. With a mission to provide essential healthcare services, this organization processes medical bills and ensures that eligible individuals receive the necessary coverage.

Headquartered as a fraternal beneficiary society and voluntary employees association, Allete and Affiliated Companies Employees' Medical Plan is dedicated to supporting its members' healthcare needs. The organization processes medical claims for its 921 active employees and their dependents, providing them with peace of mind and access to vital medical services. By handling medical claims, Allete and Affiliated Companies Employees' Medical Plan acts as a vital intermediary between healthcare providers and its members, facilitating seamless communication and ensuring efficient processing of claims.

In summary, Allete and Affiliated Companies Employees' Medical Plan is an integral part of the healthcare ecosystem, managing medical claims on behalf of over 900 employees and their dependents. As a fraternal beneficiary society and voluntary employees association, the organization prioritizes its members' wellbeing and ensures that they receive the necessary medical coverage.

Impact

This information is meant to be a general summary of Allete And Affiliated Companies Employees' Medical Plan. 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 Allete And Affiliated Companies Employees' Medical Plan is significant in providing medical coverage for 921 active employees and their dependents. This plan ensures that individuals have access to necessary medical care, contributing to their overall well-being and quality of life. By paying medical claims on behalf of its members, the plan plays a crucial role in supporting the health and wellness of employees and their families.





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 2022.

  • Investment Income: $73,355
  • Program Service Revenue: $14,568,418
  • Gross Receipts: $26,309,935

    • Assets and Liabilities:
  • Total Assets: $8,383,883
  • Total Liabilities: $0
  • Net Assets: $8,383,883
  • Programs

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

    EMPLOYER CONTRIBUTION

    Revenue

    $11,322,320

    EMPLOYEE CONTRIBUTION

    Revenue

    $3,246,098

    Organization Details

    Founding Year

    1962

    Principal Officer

    Troy Rasch

    Main Address

    30 WEST SUPERIOR STREET, DULUTH, MN, 55802

    NTEE Category

    Code: Y40 - Mutual benefit

    If you are a representative of Allete And Affiliated Companies Employees' Medical Plan 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.