Overview
What is Life Care Centers Of America Inc Welfare Benefits Plan?
Life Care Centers of America Inc's Welfare Benefits Plan is a nonprofit Voluntary Employees' Benevolent Association (VEBA), as per IRC Section 501(c)(9). Established to provide comprehensive benefits to substantially all regular full-time employees of Life Care Centers of America, the plan offers essential health, prescription drug, life, dental, vision, and disability insurance. This nonprofit organization, headquartered in Cleveland, Tennessee (PO Box 3480, 3001 Keith Street NW), is dedicated to ensuring the wellbeing of its employees.
Is Life Care Centers Of America Inc Welfare Benefits Plan legitimate?
Life Care Centers Of America Inc Welfare Benefits Plan is a legitimate nonprofit organization registered as a 501(c)(9) entity. Life Care Centers Of America Inc Welfare Benefits 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: $480,523
For more financial information, click here
What is the mission statement of Life Care Centers Of America Inc Welfare Benefits Plan?
Life Care Centers of America Inc's Welfare Benefits Plan was established with the goal of offering health, prescription drug, life, dental, vision, temporary disability, and long-term disability insurance to the majority of its full-time employees. The voluntary employees' beneficiary association under IRC section 501(C)(9) provides these benefits with the intention of enhancing the well-being and financial security of the organization's workforce. By offering these essential benefits, the plan aims to contribute to the overall welfare and satisfaction of the employees, fostering a stronger and more engaged team dedicated to providing quality services.
Who is the CEO of Life Care Centers Of America Inc Welfare Benefits Plan?
J Stephen Ziegler is the Trustee of Life Care Centers Of America Inc Welfare Benefits Plan.
What is the revenue of Life Care Centers Of America Inc Welfare Benefits Plan?
Life Care Centers Of America Inc Welfare Benefits Plan's revenue in 2022 was $137,373,217.
Who are the executives of Life Care Centers Of America Inc Welfare Benefits Plan and what are their salaries?
- Forrest L Preston (Trustee)
- J Stephen Ziegler (Trustee)
Where can I find the form 990 for Life Care Centers Of America Inc Welfare Benefits Plan?
The Life Care Centers Of America Inc Welfare Benefits Plan’s most recent form 990 was submitted in 2022 and can be accessed here
Mission Statement of Life Care Centers Of America Inc Welfare Benefits Plan
Life Care Centers of America Inc's Welfare Benefits Plan is a voluntary employees' beneficiary association established with a mission to provide essential health, prescription drug, life, dental, vision, temporary disability, and long-term disability insurance to substantially all regular full-time employees of Life Care Centers of America, Inc.
In simpler terms, this nonprofit entity was set up by Life Care Centers of America, Inc. to ensure their employees have access to comprehensive insurance coverage. By doing so, the organization seeks to offer a range of vital benefits, encompassing medical, dental, vision, disability, and life insurance, to the majority of its full-time workforce. This initiative not only boosts the morale and wellbeing of the employees but also serves as a significant investment in their overall health and financial security.
Impact
This information is meant to be a general summary of Life Care Centers Of America Inc Welfare Benefits Plan. 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 Life Care Centers Of America Inc Welfare Benefits Plan is centered around providing essential healthcare and insurance benefits to its employees. By establishing a VEBA under IRC Section 501(c)(9), the plan offers medical, dental, vision, disability, and life insurance coverage to substantially all regular full-time employees of Life Care Centers Of America Inc. This contributes to the overall well-being and financial security of the workforce, fostering a healthier and more stable work environment. The provision of these welfare benefits aligns with the organization's commitment to supporting its employees and ensuring their access to vital healthcare services.
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/R CONTRIBUTION
Revenue
$92,758,898
PARTICIPANT CONTRIBUTIONS
Revenue
$59,885,741
HMO CONTRIBUTIONS
Revenue
$-15,333,901
Organization Details
Founding Year
2005
Phone
(423) 472-9585
Principal Officer
J Stephen Ziegler
Main Address
PO BOX 3480 3001 KEITH STREET NW, CLEVELAND, TN, 37320
NTEE Category
Code: Y40 - Mutual benefit
If you are a representative of Life Care Centers Of America Inc Welfare Benefits 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.