Overview
What is Southern Ohio Chamber Alliance Benefit Plan?
The Southern Ohio Chamber Alliance Benefit Plan is a multiple employer welfare arrangement (MEWA) based in Cincinnati, Ohio. This nonprofit organization offers self-funded health and welfare benefits to its participating employers and their eligible employees. To join, employers must maintain membership in good standing with an authorized chamber of commerce. Each employer sponsors their unique benefit plan under the umbrella of the Southern Ohio Chamber Alliance Benefit Plan. The organization's mission includes providing medical and prescription drug benefits to its members.
Is Southern Ohio Chamber Alliance Benefit Plan legitimate?
Southern Ohio Chamber Alliance Benefit Plan is a legitimate nonprofit organization registered as a 501(c)(9) entity. Southern Ohio Chamber Alliance 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 Southern Ohio Chamber Alliance Benefit Plan?
The Southern Ohio Chamber Alliance Benefit Plan serves as a Multiple Employer Welfare Arrangement (MEWA), offering self-funded medical and prescription drug benefits to its participating members. The organization's primary objective is to provide healthcare solutions for its members through this collaborative arrangement. By pooling resources and expertise, the Southern Ohio Chamber Alliance Benefit Plan enables smaller employers to access comprehensive benefits that they might not be able to offer independently. Each participating employer sponsors the benefit plan, ensuring that eligible employees can enjoy the coverage. The arrangement's self-funded structure allows for flexibility and cost savings compared to traditional insurance plans.
Who is the CEO of Southern Ohio Chamber Alliance Benefit Plan?
Matthew Appenzeller is the Trustee of Southern Ohio Chamber Alliance Benefit Plan.
What is the revenue of Southern Ohio Chamber Alliance Benefit Plan?
Southern Ohio Chamber Alliance Benefit Plan's revenue in 2022 was $497,734,023.
Who are the executives of Southern Ohio Chamber Alliance Benefit Plan and what are their salaries?
- Jed Eric Metzger (Trustee)
- Cynthia Margaret Holzheimer (Trustee)
- Matthew Patrick Owen (Trustee-Chairperson)
- Janet Lee Davis (Trustee-Treasurer)
- Richard Michael Pearce (Trustee)
- Matthew James Appenzeller (Plan Administrator)
Where can I find the form 990 for Southern Ohio Chamber Alliance Benefit Plan?
The Southern Ohio Chamber Alliance Benefit Plan’s most recent form 990 was submitted in 2022 and can be accessed here
Mission Statement of Southern Ohio Chamber Alliance Benefit Plan
The Southern Ohio Chamber Alliance Benefit Plan, a Multiple Employer Welfare Arrangement (MEWA), is dedicated to delivering self-funded medical and prescription drug benefits to its member businesses and their eligible employees. Acting as a collective, participating employers contribute to the trust, which in turn, offers comprehensive health and welfare benefits as a result. In order to join, employers must maintain good standing with a chamber of commerce authorized to provide the SOCA Benefit Plan. Each participating employer sponsors the plan for their workforce, contributing to the overall effectiveness and reach of the organization.
Impact
This information is meant to be a general summary of Southern Ohio Chamber Alliance Benefit Plan. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
The Southern Ohio Chamber Alliance Benefit Plan has had a significant impact by providing self-funded medical and prescription drug benefits to its members. This has allowed participating employers to offer valuable healthcare coverage to their eligible employees, contributing to the overall well-being and satisfaction of the workforce. By operating as a multiple employer welfare arrangement, the organization has facilitated access to affordable healthcare benefits for businesses associated with authorized chambers of commerce. This initiative not only supports the health and welfare of employees but also fosters stronger relationships between employers and their respective communities.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYEE&EMPLOYER CONTRIB.
Revenue
$497,320,137
Organization Details
Founding Year
2016
Phone
(513) 452-5103
Principal Officer
Matthew Appenzeller
Main Address
1435 VINE ST 2ND FLOOR, CINCINNATI, OH, 45202
NTEE Category
Code: Y40 - Mutual benefit
If you are a representative of Southern Ohio Chamber Alliance Benefit 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.