Phila Area Indpdnt School Business

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

EIN: 467526272 ✦ Wayne, PA ✦ Designated as a 501(c)(9)

Overview

What is Phila Area Indpdnt School Business?

The Phila Area Indpent School Business, whose Filer is located at 301 Iven Avenue 315, Wayne, PA, 19087, is a nonprofit organization that manages a Multiple Employer Welfare Arrangement (MEWA) called the PAISBOA Health Benefit Trust. This trust, treated as a single employee benefit plan under ERISA, aims to provide medical, dental, and vision benefits to approximately 150 independent educational institutions, which are members of PAISBOA and contribute to the trust. The trust's sole purpose is to administer the benefits under the PAISBOA Health Benefit Plan.


Is Phila Area Indpdnt School Business legitimate?

Phila Area Indpdnt School Business is a legitimate nonprofit organization registered as a 501(c)(9) entity. Phila Area Indpdnt School Business 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: $287,485
Professional Fundraising Fees: $0
Other Salaries and Wages: $246,072

For more financial information, click here


What is the mission statement of Phila Area Indpdnt School Business?
Who is the CEO of Phila Area Indpdnt School Business?
What is the revenue of Phila Area Indpdnt School Business?
Who are the executives of Phila Area Indpdnt School Business and what are their salaries?
Where can I find the form 990 for Phila Area Indpdnt School Business?

Mission Statement of Phila Area Indpdnt School Business

The Phila Area Indpent School Business, or PAISBOA, is a Multiple Employer Welfare Arrangement (MEWA) treated as a Single Employer Benefit Plan under ERISA. This organization's primary aim is to fulfill the mission of providing benefits under the PAISBOA Health Benefit Plan.

Approximately 150 independent educational institutions that are members of PAISBOA contribute to the PAISBOA Health Benefit Trust. This trust in turn funds the health benefit plan, which currently offers medical, dental, and vision benefits to its members. PAISBOA serves as a crucial intermediary, enabling these educational institutions to pool their resources and offer competitive and comprehensive benefits to their employees and dependents.

By pooling their resources, these institutions not only gain the economies of scale that come with a larger group, but also ensure that they can offer their employees a robust benefits package. The PAISBOA Health Benefit Plan helps these institutions provide valuable benefits to their workforce, enhancing their competitiveness in the job market and contributing to the overall well-being of their employees.

Impact

This information is meant to be a general summary of Phila Area Indpdnt School Business. 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 Phila Area Indpdnt School Business, through the PAISBOA Health Benefit Trust, is substantial in providing essential benefits to approximately 150 independent educational institutions in the Philadelphia area. The Trust operates as a Multiple Employer Welfare Arrangement (MEWA) under ERISA, pooling resources to offer medical, dental, and vision benefits to member institutions. By facilitating access to quality healthcare coverage, Phila Area Indpdnt School Business plays a crucial role in supporting the well-being of employees within the independent school sector in Pennsylvania.





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: $325,559
  • Program Service Revenue: $115,694,340
  • Gross Receipts: $125,350,624

    • Assets and Liabilities:
  • Total Assets: $60,011,542
  • Total Liabilities: $20,900,346
  • Net Assets: $39,111,196
  • Programs

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

    MEMBER CONTRIBUTIONS

    Revenue

    $115,694,340

    Organization Details

    Founding Year

    2014

    Principal Officer

    Heather Gelting

    Main Address

    301 IVEN AVENUE 315, WAYNE, PA, 19087

    NTEE Category

    Code: Y40 - Mutual benefit

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