Nreca Group Benefits Trust

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

EIN: 566208927 ✦ Arlington, VA ✦ Designated as a 501(c)(9)

Overview

What is Nreca Group Benefits Trust?

Nreca Group Benefits Trust is a nonprofit organization situated in Arlington, Virginia, specifically at 4301 Wilson Boulevard. The primary mission of this group is to provide health and welfare benefits for members affiliated with the National Rural Electric Cooperative Association (NRECA). They aim to meet the expenses related to offering these essential services through their group benefit trust structure. This organization's commitment revolves around enhancing the wellbeing of its members.


Official website here: www.electric.coop

Is Nreca Group Benefits Trust legitimate?

Nreca Group Benefits Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Nreca Group Benefits Trust 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: $70,706
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.electric.coop

What is the mission statement of Nreca Group Benefits Trust?

The Nreca Group Benefits Trust is dedicated to delivering health and welfare benefits to members affiliated with the National Rural Electric Cooperative Association. Its primary mission is to enhance the wellbeing of these members by providing essential services. Through this trust, members have access to various health-related benefits designed to support their overall wellness. The trust's activities are focused on ensuring the distribution of resources necessary for the provision of these health and welfare services. By doing so, the Nreca Group Benefits Trust plays a crucial role in enriching the lives of its members.


Official website here: www.electric.coop

Who is the CEO of Nreca Group Benefits Trust?

Digna Louis is the Senior Vice President of Nreca Group Benefits Trust.


Official website here: www.electric.coop

What is the revenue of Nreca Group Benefits Trust?

Nreca Group Benefits Trust's revenue in 2022 was $725,995,934.


Official website here: www.electric.coop

Who are the executives of Nreca Group Benefits Trust and what are their salaries?

Here are 11 key members and their salaries:

    Peter Baxter (Senior Vice President) [Trustee/Director]
  • Compensation: $0
  • Related: $1,075,400
  • Other: $134,467

    • Tim Smith (Member) [Trustee/Director]
  • Compensation: $0
  • Related: $328,719
  • Other: $161,711

    • Steven W Walter (Chairman) [Trustee/Director]
  • Compensation: $0
  • Related: $285,452
  • Other: $191,273

    • Mel Coleman (Member) [Trustee/Director]
  • Compensation: $0
  • Related: $438,880
  • Other: $32,575

    • Bryan Case (Vice Chairman) [Trustee/Director]
  • Compensation: $0
  • Related: $288,392
  • Other: $166,361

    • David Spradlin (Member) [Trustee/Director]
  • Compensation: $0
  • Related: $260,692
  • Other: $146,143

    • State Street Corporation (Institutional Trustee)
  • Compensation: $70,706
  • Related: $0
  • Other: $0

    • Ingrid Kessler (Member) [Trustee/Director]
  • Compensation: $0
  • Related: $26,475
  • Other: $20,500

    • Lynn Jacobson (Member) [Trustee/Director]
  • Compensation: $0
  • Related: $23,607
  • Other: $20,500

    • Hunter Emory (Member) [Trustee/Director]
  • Compensation: $0
  • Related: $42,500
  • Other: $0

    • Reuben Ritthaler (Member) [Trustee/Director]
  • Compensation: $0
  • Related: $4,000
  • Other: $0


  • Official website here: www.electric.coop

    Where can I find the form 990 for Nreca Group Benefits Trust?

    The Nreca Group Benefits Trust’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.electric.coop

    Learn more at the official website: www.electric.coop

    Mission Statement of Nreca Group Benefits Trust

    Nreca Group Benefits Trust, a group benefit trust, is dedicated to delivering health and welfare benefits to members affiliated with the National Rural Electric Cooperative Association. In simpler terms, Nreca Group Benefits Trust serves the community by ensuring its members have access to essential health and wellbeing services.

    The trust's primary mission is to cater to the health and welfare needs of its members, who are part of the National Rural Electric Cooperative Association. By providing a comprehensive range of benefits, Nreca Group Benefits Trust aims to improve the overall wellbeing of those it serves, ensuring they have the necessary resources to lead healthy and fulfilling lives.

    Nreca Group Benefits Trust's commitment to its members is reflected in its substantial program expenses, which are invested in delivering high-quality health and welfare services. This investment enables the trust to offer a wide array of benefits that cater to various health needs and circumstances, ultimately contributing to the wellbeing and peace of mind of its valued members.

    Impact

    This information is meant to be a general summary of Nreca Group Benefits Trust. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    Nreca Group Benefits Trust impacts its members by providing essential health and welfare benefits to the National Rural Electric Cooperative Association and its members. Their group benefit trust is designed to ensure that the members have access to necessary services and support in maintaining their well-being. This helps to enhance the overall quality of life for those within the cooperative association by addressing their healthcare needs and promoting their welfare.





    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: $-24,155,508
  • Program Service Revenue: $750,151,442
  • Gross Receipts: $2,773,224,495

    • Assets and Liabilities:
  • Total Assets: $694,733,318
  • Total Liabilities: $171,249,450
  • Net Assets: $523,483,868
  • Programs

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

    INSURANCE

    Revenue

    $750,151,442

    Organization Details

    Founding Year

    1978

    Principal Officer

    Digna Louis

    Main Address

    4301 WILSON BOULEVARD, ARLINGTON, VA, 222031860

    NTEE Category

    Code: Y40 - Mutual benefit

    If you are a representative of Nreca Group Benefits Trust 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.