Iowa Bankers Benefit Plan

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

EIN: 421122086 ✦ Johnston, IA ✦ Designated as a 501(c)(9)

Overview

What is Iowa Bankers Benefit Plan?

The Iowa Bankers Benefit Plan is a nonprofit organization headquartered at 8901 Northpark Drive, PO Box 6200, Johnston, IA, 50131. They focus on delivering health and welfare benefits to the employees of participating employers. Established as the IBBP Trust, this organization offers group health insurance, group life insurance, and both long-term and short-term disability insurance coverage, ensuring substantial employee coverage from participating employers.


Is Iowa Bankers Benefit Plan legitimate?

Iowa Bankers Benefit Plan is a legitimate nonprofit organization registered as a 501(c)(9) entity. Iowa Bankers Benefit 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


What is the mission statement of Iowa Bankers Benefit Plan?
Who is the CEO of Iowa Bankers Benefit Plan?
What is the revenue of Iowa Bankers Benefit Plan?
Who are the executives of Iowa Bankers Benefit Plan and what are their salaries?
Where can I find the form 990 for Iowa Bankers Benefit Plan?

Mission Statement of Iowa Bankers Benefit Plan

The Iowa Bankers Benefit Plan, or IBBP, is a mission-driven organization established to cater to the health and welfare needs of the employees working for participating employers. By offering group health insurance, group life insurance, and both long-term and short-term disability coverage, IBBP ensures that a substantial number of employees have access to essential benefits.

In simple terms, the IBBP Trust was created to extend vital insurance services to a significant portion of the workforce in various participating businesses. This initiative positively impacts both the employers and their employees by providing them with peace of mind, knowing that they are shielded from financial burdens related to health concerns and unforeseen disabilities.

Employees reap the benefits of IBBP's comprehensive coverage, which enables them to focus on their well-being and professional growth, while employers experience the advantages of attracting and retaining a healthy and engaged workforce. The provision of these benefits not only strengthens the employer-employee relationship but also reinforces the stability and success of the businesses involved.

Impact

This information is meant to be a general summary of Iowa Bankers Benefit Plan. Please take the time to review official sources before making any decisions based upon the content provided here.




Thursday, August 15, 2024

Iowa Bankers Benefit Plan's impact lies in providing essential health and welfare benefits to the employees of participating employers. By offering group health insurance, group life insurance, and long-term and short-term disability insurance coverage, the plan plays a crucial role in safeguarding the well-being and financial security of many individuals and families. This ensures that employees have access to vital resources and protections that support their overall health and quality of life.





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: $1,215,886
  • Program Service Revenue: $170,101,782
  • Gross Receipts: $184,162,841

    • Assets and Liabilities:
  • Total Assets: $80,558,458
  • Total Liabilities: $25,702,455
  • Net Assets: $54,856,003
  • Programs

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

    Premium Contributions

    Revenue

    $170,101,782

    Organization Details

    Founding Year

    1978

    Principal Officer

    Chad J Ellsworth

    Main Address

    8901 Northpark Drive PO Box 6200, Johnston, IA, 501316200

    NTEE Category

    Code: Y40 - Mutual benefit

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