Missouri Bankers Association - Voluntary Employees Beneficiary Assn

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

EIN: 436207542 ✦ Jefferson city, MO ✦ Designated as a 501(c)(9)

Overview

What is Missouri Bankers Association - Voluntary Employees Beneficiary Assn?

The Missouri Bankers Association - Voluntary Employees Beneficiary Association (MBA-VEBA) is a nonprofit based in Jefferson City, Missouri, specifically at 207 E Capitol Ave, 65101. This organization provides insurance benefits for employees and their dependents of Missouri Bankers Association member organizations. They offer a range of coverage including health and dental, life, disability, accident, and felonious assault. The mission of MBA-VEBA is to ensure that eligible employees and their dependents have access to essential insurance services.


Official website here: www.mobankers.com

Is Missouri Bankers Association - Voluntary Employees Beneficiary Assn legitimate?

Missouri Bankers Association - Voluntary Employees Beneficiary Assn is a legitimate nonprofit organization registered as a 501(c)(9) entity. Missouri Bankers Association - Voluntary Employees Beneficiary Assn 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


Official website here: www.mobankers.com

What is the mission statement of Missouri Bankers Association - Voluntary Employees Beneficiary Assn?

The Missouri Bankers Association - Voluntary Employees Beneficiary Assn (MBA-VEBA) focuses on providing insurance benefits for the employees and their dependents of member organizations within the Missouri Bankers Association. Their mission is to offer comprehensive insurance coverage, which includes health and dental, life, disability, accident, and felonious assault insurance. By doing so, they ensure that members have access to essential benefits, securing their peace of mind and overall well-being. Through group insurance plans and premium payments, MBA-VEBA aims to protect and support its member base.


Official website here: www.mobankers.com

Who is the CEO of Missouri Bankers Association - Voluntary Employees Beneficiary Assn?

Thomas R Page is the Principal Officer of Missouri Bankers Association - Voluntary Employees Beneficiary Assn.


Official website here: www.mobankers.com

What is the revenue of Missouri Bankers Association - Voluntary Employees Beneficiary Assn?

Missouri Bankers Association - Voluntary Employees Beneficiary Assn's revenue in 2022 was $19,954,918.


Official website here: www.mobankers.com

Who are the executives of Missouri Bankers Association - Voluntary Employees Beneficiary Assn and what are their salaries?

Here are 7 key members and their salaries:

    Robert E Mickey (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Michael W Anderson (Chairman) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • R Scott Harris (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Dwayne A Falk (Vice-Chairman) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • K Clayton Rogers (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Carl C Watson (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jessica E Green (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.mobankers.com

    Where can I find the form 990 for Missouri Bankers Association - Voluntary Employees Beneficiary Assn?

    The Missouri Bankers Association - Voluntary Employees Beneficiary Assn’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.mobankers.com

    Learn more at the official website: www.mobankers.com

    Mission Statement of Missouri Bankers Association - Voluntary Employees Beneficiary Assn

    MBA-Voluntary Employees Beneficiary Association (VEBA), a branch of the Missouri Bankers Association, is dedicated to extending insurance benefits to the workforce and their dependents of its member organizations. In simpler terms, it serves as a vital resource, offering comprehensive insurance coverage for health and dental, life, disability, accident, and felonious assault for the employees of Missouri banking institutions.

    By acting as an intermediary for insurance services, MBA-VEBA ensures that the staff members of its affiliated banks have access to valuable benefits, providing them with peace of mind and security. The association processes claims incurred under group insurance policies and collects premiums on behalf of these plans. This arrangement not only benefits the employees, but also the member organizations, who can offer competitive insurance packages as part of their compensation packages, thus enhancing their appeal to potential candidates.

    In essence, MBA-VEBA functions as a cooperative entity, pooling the resources and needs of its member banks to create a mutually beneficial system. This approach enables the association to negotiate favorable insurance terms, expand coverage options, and maintain a robust infrastructure to administer and manage the associated insurance plans. The ultimate goal is to empower Missouri banking employees with essential insurance coverage, contributing to their overall wellbeing and job satisfaction.

    Impact

    This information is meant to be a general summary of Missouri Bankers Association - Voluntary Employees Beneficiary Assn. 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 Missouri Bankers Association - Voluntary Employees Beneficiary Association is significant in providing insurance benefits for employees and their dependents of Missouri Bankers Association member organizations. By offering health, dental, life, disability, accident, and felonious assault insurance options, the association ensures that members have access to vital coverage for themselves and their families. This assistance contributes to the overall well-being and security of employees working within the banking industry in Missouri.





    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: $23,036
  • Program Service Revenue: $19,044,848
  • Gross Receipts: $19,954,918

    • Assets and Liabilities:
  • Total Assets: $1,303,120
  • Total Liabilities: $2,298,518
  • Net Assets: -$995,398
  • Programs

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

    PREMIUMS-GROUP INSUR.

    Revenue

    $19,044,848

    Organization Details

    Founding Year

    1976

    Principal Officer

    Thomas R Page

    Main Address

    207 E CAPITOL AVE, JEFFERSON CITY, MO, 65101

    NTEE Category

    Code: Y40 - Mutual benefit

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