Chamber Benefit Arrangement Trust

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

EIN: 825056803 ✦ Akron, OH ✦ Designated as a 501(c)(9)

Overview

What is Chamber Benefit Arrangement Trust?

The Chamber Benefit Arrangement Trust is a nonprofit organization situated in Akron, Ohio, with the address 388 S Main St STE 205. It is a multiple employer welfare arrangement, founded to offer self-funded medical and prescription drug benefits to its participating employers and their eligible dependents, employees, and spouses. In order to join, employers must maintain membership in good standing with the Greater Akron Chamber of Commerce or an affiliated chamber. Each employer sponsors its unique benefit plan within the Trust.


Is Chamber Benefit Arrangement Trust legitimate?

Chamber Benefit Arrangement Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Chamber Benefit Arrangement Trust 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 Chamber Benefit Arrangement Trust?
Who is the CEO of Chamber Benefit Arrangement Trust?
What is the revenue of Chamber Benefit Arrangement Trust?
Who are the executives of Chamber Benefit Arrangement Trust and what are their salaries?
Where can I find the form 990 for Chamber Benefit Arrangement Trust?

Mission Statement of Chamber Benefit Arrangement Trust

The Chamber Benefit Arrangement Trust, a Multiple Employer Welfare Arrangement, was founded with a mission to self-fund and provide medical and prescription drug benefits for its member organizations and their eligible employees, dependents, and spouses. Established in the business community, this trust aims to extend healthcare solutions to its participating employers, who must maintain good standing within the Greater Akron Chamber of Commerce or an affiliated chamber. Each member employer contributes to and sponsors its own benefit plan under the trust's umbrella. By pooling resources, the Trust enables smaller businesses to offer competitive benefits to their workforce, fostering employee attraction and retention. The Chamber Benefit Arrangement Trust functions as a collective force, ensuring economies of scale and affordability in healthcare benefits for its members.

Impact

This information is meant to be a general summary of Chamber Benefit Arrangement Trust. Please take the time to review official sources before making any decisions based upon the content provided here.




Thursday, August 15, 2024

Chamber Benefit Arrangement Trust positively impacts its members by providing self-funded medical and prescription drug benefits for eligible employees, dependents, and spouses of participating employers. This arrangement offers a mutual benefit to employers who are members of the Greater Akron Chamber of Commerce or an affiliated chamber of commerce, assisting them in providing comprehensive health and welfare benefits to their employees.





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: $7,105
  • Program Service Revenue: $37,527,812
  • Gross Receipts: $37,534,917

    • Assets and Liabilities:
  • Total Assets: $11,230,971
  • Total Liabilities: $10,526,652
  • Net Assets: $704,319
  • Programs

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

    EMPLOYERS' CONTRIBUTIONS

    Revenue

    $37,527,812

    Organization Details

    Founding Year

    2018

    Principal Officer

    Steve Millard

    Main Address

    388 S MAIN ST STE 205, AKRON, OH, 44311

    NTEE Category

    Code: Y43 - Mutual benefit

    If you are a representative of Chamber Benefit Arrangement Trust 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.