Overview
What is South Carolina Medical Association Members' Insurance Trust?
The South Carolina Medical Association Members' Insurance Trust is a nonprofit organization established under IRC section 501(c)(9) to offer medical, dental, accidental death/dismemberment, long-term disability, special accident, and life benefits to members of the medical profession and their full-time employees. Based in Columbia, South Carolina (PO Box 11188), the trust aims to provide essential health and insurance coverage to professionals within the medical field, ensuring their wellbeing and peace of mind.
Is South Carolina Medical Association Members' Insurance Trust legitimate?
South Carolina Medical Association Members' Insurance Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. South Carolina Medical Association Members' Insurance 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 South Carolina Medical Association Members' Insurance Trust?
The South Carolina Medical Association Members' Insurance Trust is dedicated to offering medical and dental benefits, as well as life insurance coverage, to members of the medical profession and their full-time employees. Through a Voluntary Employees' Benefit Association (VEBA) established under IRC section 501(c)(9), the Trust provides accidental death/dismemberment, long-term disability, special accident, and life benefits. Their mission is to ensure the well-being of medical professionals by addressing their insurance needs.
Who is the CEO of South Carolina Medical Association Members' Insurance Trust?
M Bolin And D Sitterle is the Principal Officer of South Carolina Medical Association Members' Insurance Trust. The CEO's salary of South Carolina Medical Association Members' Insurance Trust is $0 and their total compensation is $293,613.
What is the revenue of South Carolina Medical Association Members' Insurance Trust?
South Carolina Medical Association Members' Insurance Trust's revenue in 2022 was $29,085,358.
Who are the executives of South Carolina Medical Association Members' Insurance Trust and what are their salaries?
- Michelle C Bolin (Cfo/Coo)
- Richele Keel Taylor (Ceo/Clo)
- Brandt Smith (Vp Of It)
- James D Dalton Jr Md (Trustee)
- Josh Wilson Md (Trustee)
- Leslie Wilke Md (Trustee)
- Katie Rose Md (Trustee)
- David Schammel Md (Trustee 7/21-1/22)
Where can I find the form 990 for South Carolina Medical Association Members' Insurance Trust?
The South Carolina Medical Association Members' Insurance Trust’s most recent form 990 was submitted in 2022 and can be accessed here
Mission Statement of South Carolina Medical Association Members' Insurance Trust
The South Carolina Medical Association Members' Insurance Trust, often referred to as SCMA, is a nonprofit organization established to provide comprehensive health and life insurance benefits for members of the medical profession and their full-time employees. With a mission to support the healthcare community, SCMA has created a Voluntary Employees' Benefit Association (VEBA) under IRC section 501(c)(9).
In simple terms, SCMA offers medical, dental, accidental death/dismemberment, long-term disability, special accident, and life benefits to its members. The Trust's primary goal is to ensure that medical professionals in South Carolina have access to essential insurance coverage, enabling them to focus on their careers and the well-being of their patients. By providing these benefits, SCMA plays a vital role in the overall health and financial security of the medical community in the region.
SCMA's establishment of a VEBA demonstrates its commitment to delivering valuable resources and assistance to its members. This unique structure not only enables the organization to offer a wide range of insurance benefits but also ensures that these offerings remain competitive and tailored to the needs of medical professionals. Thus, SCMA continues to be a trusted partner for healthcare professionals in South Carolina, empowering them to maintain their well-being and focus on their critical roles within the healthcare system.
Impact
This information is meant to be a general summary of South Carolina Medical Association Members' Insurance Trust. 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 South Carolina Medical Association Members' Insurance Trust is significant as it provides health and life insurance benefits to members of the medical profession and their full-time employees. Through the formation of a VEBA under IRC Section 501(c)(9), the Trust offers medical, dental, accidental death/dismemberment, long-term disability, special accident, and life benefits. By fulfilling its mission to provide these essential benefits, the Trust plays a crucial role in supporting the well-being and financial security of medical professionals and their employees in Columbia, SC.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBER CONTRIBUTIONS
Revenue
$29,063,830
Organization Details
Founding Year
1981
Phone
(803) 798-6209
Principal Officer
M Bolin And D Sitterle
Main Address
PO BOX 11188, COLUMBIA, SC, 29211
NTEE Category
Code: Y43 - Mutual benefit
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