Deseret Healthcare Employee Benefits Trust

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

EIN: 870467790 ✦ Salt lake city, UT ✦ Designated as a 501(c)(9)

Overview

What is Deseret Healthcare Employee Benefits Trust?

Deseret Healthcare Employee Benefits Trust is a nonprofit trust based in Salt Lake City, Utah, with the PO Box address 45530. The organization functions as a trust that collects premiums as contributions and distributes health and welfare benefits to eligible employees, dependents, and beneficiaries according to the plans adopted by the trust's sponsors. The trust's mission involves receiving contributions and providing benefits in accordance with the agreed-upon provisions.


Official website here: www.dmba.com

Is Deseret Healthcare Employee Benefits Trust legitimate?

Deseret Healthcare Employee Benefits Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Deseret Healthcare Employee Benefits 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


Official website here: www.dmba.com

What is the mission statement of Deseret Healthcare Employee Benefits Trust?

The Deseret Healthcare Employee Benefits Trust serves as a trust that collects contributions in the form of premiums and distributes health and welfare benefits to eligible employees and their dependents and beneficiaries. In accordance with the plans adopted by the sponsors, the trust dispenses these benefits. The primary objective of the trust is to ensure the well-being of its members by providing them with necessary health benefits. The trust facilitates the process of receiving and distributing benefits, ensuring financial security and peace of mind for the employees. The trust's mission lies in delivering health benefits in accordance with the provisions established by the plan sponsors.


Official website here: www.dmba.com

What is the revenue of Deseret Healthcare Employee Benefits Trust?

Deseret Healthcare Employee Benefits Trust's revenue in 2022 was $481,314,750.


Official website here: www.dmba.com

Who are the executives of Deseret Healthcare Employee Benefits Trust and what are their salaries?

There is 1 key member and their salary:

    Dmba (Trustee)
  • Compensation: $0
  • Related: $31,851,858
  • Other: $0


  • Official website here: www.dmba.com

    Where can I find the form 990 for Deseret Healthcare Employee Benefits Trust?

    The Deseret Healthcare Employee Benefits Trust’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.dmba.com

    Learn more at the official website: www.dmba.com

    Mission Statement of Deseret Healthcare Employee Benefits Trust

    Deseret Healthcare Employee Benefits Trust is a trust that plays a vital role in the lives of eligible employees and their dependents by receiving contributions and distributing health and welfare benefits according to the plans adopted by the sponsors. The organization's primary mission is to provide and deliver benefits as outlined in the agreed-upon plans, ensuring that employees and their families receive the necessary support to maintain their wellbeing.

    The Deseret Healthcare Employee Benefits Trust functions as a bridge between the contributions made in the form of premiums and the benefits that are ultimately paid out to the eligible members. By following the provisions set forth by the plan sponsors, the trust ensures that the benefits are distributed fairly and effectively, bringing relief and peace of mind to those who depend on it. In essence, the trust serves as a crucial intermediary, facilitating the transfer of financial resources from employers to employees for their health and welfare needs.

    Impact

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




    Thursday, August 15, 2024

    Deseret Healthcare Employee Benefits Trust's impact is significant in providing health and welfare benefits to employees and their eligible dependents and beneficiaries. By receiving contributions in the form of premiums and distributing benefits according to the plans adopted by plan sponsors, the trust plays a crucial role in supporting the well-being and livelihoods of individuals covered under its programs. This impact not only ensures access to necessary healthcare services but also promotes the overall security and stability of employees and their families.





    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: $8,376,460
  • Program Service Revenue: $472,938,290
  • Gross Receipts: $555,319,713

    • Assets and Liabilities:
  • Total Assets: $360,796,287
  • Total Liabilities: $89,896,315
  • Net Assets: $270,899,972
  • Programs

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

    Premiums

    Revenue

    $472,938,290

    Organization Details

    Founding Year

    1986

    Main Address

    PO Box 45530, Salt Lake City, UT, 841450530

    NTEE Category

    Code: Y40 - Mutual benefit

    If you are a representative of Deseret Healthcare Employee Benefits 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.