Insurance And Benefits Trust Of Porac Safety And Non-Safety

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

EIN: 686068469 ✦ Sacramento, CA ✦ Designated as a 501(c)(9)

Overview

What is Insurance And Benefits Trust Of Porac Safety And Non-Safety?

The Insurance and Benefits Trust of Porac Safety and Non-Safety is a nonprofit organization based in Sacramento, California, with an address at 2960 Advantage Way, ZIP code 95834. They offer disability, life, accidental death and dismemberment, cancer, accident, and hospital benefits to approximately 22,658 members. The contributions for these benefits come from members, member associations, and in some cases, member employers, as outlined in collective bargaining agreements. Before January 1, 2018, participants were enrolled in fully insured benefit plans. However, on that date, a self-insured major medical plan was established and began receiving contributions and providing benefits from the trust. The mission of the organization is to provide these extensive benefits to its members.


Is Insurance And Benefits Trust Of Porac Safety And Non-Safety legitimate?

Insurance And Benefits Trust Of Porac Safety And Non-Safety is a legitimate nonprofit organization registered as a 501(c)(9) entity. Insurance And Benefits Trust Of Porac Safety And Non-Safety 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: $335,826
Professional Fundraising Fees: $0
Other Salaries and Wages: $950,034

For more financial information, click here


What is the mission statement of Insurance And Benefits Trust Of Porac Safety And Non-Safety?
Who is the CEO of Insurance And Benefits Trust Of Porac Safety And Non-Safety?
What is the revenue of Insurance And Benefits Trust Of Porac Safety And Non-Safety?
Who are the executives of Insurance And Benefits Trust Of Porac Safety And Non-Safety and what are their salaries?
Where can I find the form 990 for Insurance And Benefits Trust Of Porac Safety And Non-Safety?

Mission Statement of Insurance And Benefits Trust Of Porac Safety And Non-Safety

The Insurance and Benefits Trust of Porac Safety and Non-Safety is a dedicated organization that provides essential benefits to approximately 22,658 members. This trust offers a range of benefits, including disability, life, accidental death and dismemberment, cancer, accident, and hospital coverage. The contributors to this trust are the members, member associations, and in some instances, employers, as outlined in collective bargaining agreements.

In the past, participants in this trust were covered under fully insured benefit plans. However, as of January 1, 2018, a self-insured major medical plan was established within the trust, providing benefits for participants. This transition marked a significant change for those enrolled, as they now have a greater role in managing their healthcare coverage. The trust continues to offer disability, life, accidental death and dismemberment, cancer, accident, and hospital benefits, ensuring the well-being and peace of mind of its members.

Impact

This information is meant to be a general summary of Insurance And Benefits Trust Of Porac Safety And Non-Safety. Please take the time to review official sources before making any decisions based upon the content provided here.




Thursday, August 15, 2024

The Insurance And Benefits Trust Of Porac Safety And Non-Safety has a significant impact on its approximately 22,658 members by providing disability, life, accidental death and dismemberment, cancer, accident, and hospital benefits. These benefits are crucial for the well-being and financial security of the members and their families. The trust's mission to provide these essential benefits underscores its commitment to supporting members during times of need.

By offering these benefits, the trust plays a vital role in ensuring that members have access to necessary financial assistance in cases of disability, illness, or accidents. Additionally, the trust's establishment of a self-insured major medical plan further enhances the range of benefits available to participants.

Overall, the Insurance And Benefits Trust Of Porac Safety And Non-Safety's impact is substantial, as it contributes to the health, safety, and peace of mind of its members by providing essential insurance coverage and benefits.





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: $2,414,021
  • Program Service Revenue: $179,254,511
  • Gross Receipts: $183,079,642

    • Assets and Liabilities:
  • Total Assets: $122,523,431
  • Total Liabilities: $32,383,006
  • Net Assets: $90,140,425
  • Programs

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

    EMPLPOYER CONRIBUTIONS

    Revenue

    $123,091,579

    PARTICIPANT CONTRIBUTIONS

    Revenue

    $56,162,932

    Organization Details

    Founding Year

    1991

    Principal Officer

    Richard Buss

    Main Address

    2960 ADVANTAGE WAY, SACRAMENTO, CA, 95834

    NTEE Category

    Code: Y40 - Mutual benefit

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