New Hampshire Bankers Association Insurance Trust

Organization Overview

New Hampshire Bankers Association Insurance Trust is located in Concord, NH. The organization was established in 1958. According to its NTEE Classification (Y20) the organization is classified as: Insurance Providers, 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. New Hampshire Bankers Association Insurance Trust is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.

For the year ending 12/2021, New Hampshire Bankers Association Insurance Trust generated $8.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (6.6%) each year. All expenses for the organization totaled $9.6m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (5.4%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE PRIMARY PURPOSE OF THE INSURANCE TRUST IS TO OBTAIN VARIOUS INSURANCE BENEFIT PROGRAMS (LIFE, AD&D, HEALTH, DENTAL, ETC.) FOR ITS MEMBERS AT RATES LESS THAN THEY COULD INDIVIDUALLY OBTAIN.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE INSURANCE TRUST OFFERS HEALTH, DENTAL, & LIFE INSURANCE BENEFIT PLANS TO MEMBERS. THE TRUST OFFERS INSURANCE BENEFITS TO 14 MEMBERS, COVERING APPROXIMATELY 1196 PARTICIPANTS AT DECEMBER 31, 2021.


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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$8,711,922
Investment income $991
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 $8,712,913

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