Royal Health Benefit Trust

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

EIN: 836619242 ✦ Brooklyn, NY ✦ Designated as a 501(c)(9)

Overview

What is Royal Health Benefit Trust?

The Royal Health Benefit Trust is a nonprofit organization headquartered at 1000 Gates Avenue, Brooklyn, New York, with a ZIP code of 11221. Their primary objective is to manage the assets of a health benefit plan named Royal Health Benefit Trust. This organization's mission is to ensure the financial well-being of the program, which provides health and insurance benefits for the employees and their dependents of various participating companies.


Is Royal Health Benefit Trust legitimate?

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

Mission Statement of Royal Health Benefit Trust

The Royal Health Benefit Trust, a health benefit plan organization, is dedicated to preserving its assets to ensure the continuous delivery of health and insurance benefits for the employees and their dependents of various participating companies. Its mission is twofold: first, to safeguard the financial resources of the trust; and second, to provide essential health and insurance coverage to those it serves. By maintaining the trust's assets, the Royal Health Benefit Trust is able to fulfill its commitment to its beneficiaries, ensuring they have access to the necessary healthcare and insurance benefits when they need it most.

Impact

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




Thursday, August 15, 2024

Royal Health Benefit Trust plays a vital role in providing health and insurance benefits to employees and their dependents from various participating companies. By maintaining the assets of the health benefit plan, Royal Health Benefit Trust ensures that individuals have access to essential healthcare services and insurance coverage. This initiative contributes to the overall well-being and financial security of employees and their families, fostering a healthier and more stable workforce.





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: $0
  • Program Service Revenue: $15,626,696
  • Gross Receipts: $15,626,696

    • Assets and Liabilities:
  • Total Assets: $6,313,266
  • Total Liabilities: $7,217,959
  • Net Assets: -$904,693
  • Programs

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

    Employee Contributions

    Revenue

    $3,334,225

    Employer Contributions

    Revenue

    $12,292,471

    Organization Details

    Founding Year

    2019

    Principal Officer

    Leopold Friedman

    Main Address

    1000 Gates Avenue, Brooklyn, NY, 11221

    NTEE Category

    Code: Y43 - Mutual benefit

    If you are a representative of Royal Health Benefit 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.