Nebraska Bankers Association Voluntary Emp Beneficiary Assn

Organization Overview

Nebraska Bankers Association Voluntary Emp Beneficiary Assn is located in Lincoln, NE. The organization was established in 1974. According to its NTEE Classification (Y43) the organization is classified as: Voluntary Employees Beneficiary Associations (Non-Government), under the broad grouping of Mutual & Membership Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nebraska Bankers Association Voluntary Emp Beneficiary Assn is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.

For the year ending 12/2020, Nebraska Bankers Association Voluntary Emp Beneficiary Assn generated $65.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.1% each year. All expenses for the organization totaled $60.8m during the year ending 12/2020. While expenses have increased by 1.8% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2020

Describe the Organization's Mission:

Part 3 - Line 1

VOLUNTARY EMPLOYEE BENEFICIARY ASSOCIATION

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVIDED GROUP HEALTH, DENTAL VISION, LIFE AND DISABILITY COVERAGE TO EMPLOYEES OF NBA MEMBER BANKS. OVER 10,000 EMPLOYEES AND DEPENDENTS WERE COVERED UNDER GROUP HEALTH INSURANCE PLANS ADMINISTERED BY BLUE CROSS BLUE SHIELD OF NEBRASKA. DENTAL, VISION, LIFE AND DISABILITY INSURANCE PLANS ARE FULLY INSURED BY THE STANDARD INSURANCE COMPANY.


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Board, Officers & Key Employees

Name (title)Compensation
Tim Clark
Chairman
$0
Dallen George
Vice Chairman
$0
Scott K Yank
Trust Administrator
$0
Karen M Coufal
Corporate Secretary
$0
Kurt Pickrel
Trustee
$0
Katy Wolf Bode
Trustee
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Wellness Partners Llc
Wellness Progr
$202,750
Nebr Bankers Insurance & Svcs Co
Trust Administ
$1,050,000
Gallagher Benefit Services
Consulting
$145,000
Bluecross Blueshield Of Nebraska
Claims Administ
$2,312,317
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$64,615,474
Investment income $608,322
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $65,223,796

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