Alabama Farmers Cooperative Inc Employees' Welfare Benefit Plan

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

EIN: 630985271 ✦ Decatur, AL ✦ Designated as a 501(c)(9)

Overview

What is Alabama Farmers Cooperative Inc Employees' Welfare Benefit Plan?

The Alabama Farmers Cooperative Inc Employees' Welfare Benefit Plan is a nonprofit organization dedicated to offering major medical benefits, life insurance, and accidental death and dismemberment coverage to the employees of its sponsoring employer. Based in Decatur, Alabama, the plan provides essential healthcare benefits for its members.


Is Alabama Farmers Cooperative Inc Employees' Welfare Benefit Plan legitimate?

Alabama Farmers Cooperative Inc Employees' Welfare Benefit Plan is a legitimate nonprofit organization registered as a 501(c)(9) entity. Alabama Farmers Cooperative Inc Employees' Welfare 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 Alabama Farmers Cooperative Inc Employees' Welfare Benefit Plan?
Who is the CEO of Alabama Farmers Cooperative Inc Employees' Welfare Benefit Plan?
What is the revenue of Alabama Farmers Cooperative Inc Employees' Welfare Benefit Plan?
Who are the executives of Alabama Farmers Cooperative Inc Employees' Welfare Benefit Plan and what are their salaries?
Where can I find the form 990 for Alabama Farmers Cooperative Inc Employees' Welfare Benefit Plan?

Mission Statement of Alabama Farmers Cooperative Inc Employees' Welfare Benefit Plan

Alabama Farmers Cooperative Inc Employees' Welfare Benefit Plan is a mission-driven organization dedicated to providing major medical benefits, life insurance, and accidental death and dismemberment benefits for the employees of the sponsoring employer. Established with a clear purpose, this plan prioritizes the health and wellbeing of its beneficiaries by offering comprehensive coverage and financial security. By extending these essential benefits, the plan enables employees to focus on their work and personal lives with peace of mind.

In concrete terms, Alabama Farmers Cooperative Inc Employees' Welfare Benefit Plan serves as a safety net for the workforce. It safeguards them against potential health crises and unfortunate accidents. Furthermore, the plan's life insurance component offers a sense of assurance and financial stability to employees and their loved ones. This compassionate initiative ultimately leads to a more contented and engaged workforce, benefiting both the employees and the sponsoring employer.

The Alabama Farmers Cooperative Inc Employees' Welfare Benefit Plan's mission is a testament to the organization's commitment to the wellbeing of its clients. By providing major medical benefits, life insurance, and accidental death and dismemberment benefits, this plan empowers employees to face life's uncertainties with confidence. The organization's dedication to its mission is unwavering, fostering a stronger community of employees and a more productive workplace.

Impact

This information is meant to be a general summary of Alabama Farmers Cooperative Inc Employees' Welfare 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 impact of the Alabama Farmers Cooperative Inc Employees' Welfare Benefit Plan is significant as it provides major medical benefits, life insurance, and accidental death and dismemberment benefits for the sponsoring employer's employees. This contributes to the overall welfare and security of the employees, ensuring they have access to essential healthcare coverage and financial protection in case of unforeseen events. By offering these benefits, the plan helps support the well-being and peace of mind of the employees, which in turn can lead to a more motivated and loyal workforce. This demonstrates the commitment of the sponsoring employer towards the welfare of its employees, fostering a positive and supportive work environment.





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: $2,650
  • Program Service Revenue: $13,407,823
  • Gross Receipts: $13,410,473

    • Assets and Liabilities:
  • Total Assets: $658,728
  • Total Liabilities: $49,245
  • Net Assets: $609,483
  • Programs

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

    EMPLOYER CONTRIBUTIONS

    Revenue

    $7,293,752

    EMPLOYEE CONTRIBUTIONS

    Revenue

    $6,114,071

    Organization Details

    Founding Year

    1981

    Principal Officer

    Lisa Sparkman

    Main Address

    PO BOX 2227, DECATUR, AL, 356092227

    NTEE Category

    Code: Y40 - Mutual benefit

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