Blue Cross Blue Shield Of North Dakota Funded Group Benefit Plan

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

EIN: 746533141 ✦ Fargo, ND ✦ Designated as a 501(c)(9)

Overview

What is Blue Cross Blue Shield Of North Dakota Funded Group Benefit Plan?

Blue Cross Blue Shield of North Dakota's Funded Group Benefit Plan is a nonprofit organization dedicated to financing health insurance premiums for the active employees and future and current retirees of the company. Based in Fargo, North Dakota, with the address 4510 13th AVE S, the trust acts as a funding vehicle to ensure the continuity of health coverage for the employees associated with Blue Cross Blue Shield of North Dakota.


Is Blue Cross Blue Shield Of North Dakota Funded Group Benefit Plan legitimate?

Blue Cross Blue Shield Of North Dakota Funded Group Benefit Plan is a legitimate nonprofit organization registered as a 501(c)(9) entity. Blue Cross Blue Shield Of North Dakota Funded Group 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 Blue Cross Blue Shield Of North Dakota Funded Group Benefit Plan?
Who is the CEO of Blue Cross Blue Shield Of North Dakota Funded Group Benefit Plan?
What is the revenue of Blue Cross Blue Shield Of North Dakota Funded Group Benefit Plan?
Who are the executives of Blue Cross Blue Shield Of North Dakota Funded Group Benefit Plan and what are their salaries?
Where can I find the form 990 for Blue Cross Blue Shield Of North Dakota Funded Group Benefit Plan?

Mission Statement of Blue Cross Blue Shield Of North Dakota Funded Group Benefit Plan

Blue Cross Blue Shield of North Dakota Funded Group Benefit Plan is a mission-driven trust that prioritizes funding healthcare benefits for the active and retired employees of Blue Cross Blue Shield of North Dakota. Established with the intention of acting as a financial resource, the trust's primary objective is to cater to the health insurance expenses of the organization's current workforce and future retirees.

By assuming the responsibility of covering healthcare premiums for employees, Blue Cross Blue Shield of North Dakota Funded Group Benefit Plan plays a vital role in ensuring the well-being of its workforce. This commitment to employee benefits not only fosters a healthy and productive work environment but also demonstrates the organization's dedication to the long-term welfare of its staff.

Furthermore, the trust extends its support to retired employees, ensuring they continue to have access to comprehensive healthcare coverage even after leaving the workforce. This continued investment in the health and well-being of its employees, both active and retired, underscores Blue Cross Blue Shield of North Dakota's commitment to its team and their overall well-being.

Impact

This information is meant to be a general summary of Blue Cross Blue Shield Of North Dakota Funded Group 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 Blue Cross Blue Shield of North Dakota Funded Group Benefit Plan is significant as it provides crucial support to active and retired employees of Blue Cross Blue Shield of North Dakota by funding their healthcare premiums. By ensuring that these individuals have access to quality health insurance coverage, the plan plays a vital role in supporting the health and well-being of the workforce and retirees associated with the organization. This support not only benefits the individuals directly involved but also contributes to a healthier and more stable community overall.





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: $6,743,266
  • Program Service Revenue: $9,763,797
  • Gross Receipts: $73,684,515

    • Assets and Liabilities:
  • Total Assets: $16,592,684
  • Total Liabilities: $370,000
  • Net Assets: $16,222,684
  • Programs

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

    EMPLOYER CONTRIBUTIONS

    Revenue

    $147,955

    EMPLOYEE CONTRIBUTIONS

    Revenue

    $9,615,842

    Organization Details

    Founding Year

    2003

    Principal Officer

    Cynthia Thormodson

    Main Address

    4510 13TH AVE S, FARGO, ND, 58121

    NTEE Category

    Code: Y43 - Mutual benefit

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