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
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What is the mission statement of Alabama Farmers Cooperative Inc Employees' Welfare Benefit Plan?
The Alabama Farmers Cooperative Inc Employees' Welfare Benefit Plan is dedicated to providing essential benefits to the employees of its sponsoring employer. This includes major medical coverage, life insurance, and accidental death and dismemberment benefits. The primary goal is to ensure the wellbeing of the workforce by offering these vital benefits. The plan aims to provide a safety net for employees in times of need, enhancing their overall job satisfaction and peace of mind. By offering comprehensive benefits, the plan supports the long-term health and financial security of its members.
Who is the CEO of Alabama Farmers Cooperative Inc Employees' Welfare Benefit Plan?
Lisa Sparkman is the Trustee of Alabama Farmers Cooperative Inc Employees' Welfare Benefit Plan.
What is the revenue of Alabama Farmers Cooperative Inc Employees' Welfare Benefit Plan?
Alabama Farmers Cooperative Inc Employees' Welfare Benefit Plan's revenue in 2022 was $13,410,473.
Who are the executives of Alabama Farmers Cooperative Inc Employees' Welfare Benefit Plan and what are their salaries?
- Rivers Myres (Trustee)
- Al Cheatham (Trustee)
- Walter Black (Trustee)
- Brad Benson (Trustee)
- Lisa Sparkman (Trustee)
Where can I find the form 990 for Alabama Farmers Cooperative Inc Employees' Welfare Benefit Plan?
The Alabama Farmers Cooperative Inc Employees' Welfare Benefit Plan’s most recent form 990 was submitted in 2022 and can be accessed here
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.
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.
EMPLOYER CONTRIBUTIONS
Revenue
$7,293,752
EMPLOYEE CONTRIBUTIONS
Revenue
$6,114,071
Organization Details
Founding Year
1981
Phone
(256) 353-6843
Principal Officer
Lisa Sparkman
Main Address
PO BOX 2227, DECATUR, AL, 356092227
NTEE Category
Code: Y40 - Mutual benefit
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