Nba Players Health And Welfare Benefit Plan

Organization Overview

Nba Players Health And Welfare Benefit Plan is located in Richmond, VA. The organization was established in 2005. According to its NTEE Classification (N80) the organization is classified as: Professional Athletic Leagues, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nba Players Health And Welfare Benefit Plan is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.

For the year ending 06/2021, Nba Players Health And Welfare Benefit Plan generated $51.5m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 19.1% each year . All expenses for the organization totaled $41.4m during the year ending 06/2021. 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 PLAN PROVIDES CERTAIN HEALTH AND WELFARE BENEFITS TO ELIGIBLE (CONTINUED ON SCHEDULE O) (CONTINUATION OF LINE 1) CURRENT AND FORMER NATIONAL BASKETBALL ASSOCIATION ("NBA") PLAYERS AND THEIR SPOUSES AND ELIGIBLE DEPENDENTS PURSUANT TO THE ELIGIBILITY RULES FOR EACH BENEFIT.

Describe the Organization's Program Activity:

Part 3 - Line 4a

HEALTH REIMBURSEMENT ACCOUNTS (HRAS) FOR ELIGIBLE CURRENT AND FORMER NBA PLAYERS AND THEIR FAMILIES THAT COVER HEALTH-RELATED COSTS QUALIFIED UNDER IRS RULES.


MEDICAL AND PRESCRIPTION DRUG COVERAGE TO ELIGIBLE RETIRED NBA PLAYERS AND THEIR FAMILIES.


MEDICAL, PRESCRIPTION DRUG, DENTAL, VISION, LIFE/AD&D AND DISABILITY INSURANCE COVERAGE TO ELIGIBLE CURRENT NBA PLAYERS AND THEIR FAMILIES.


EX-PATRIATE MEDICAL, DENTAL, PRESCRIPTION DRUG AND VISION COVERAGE FOR ELIGIBLE CURRENT INTERNATIONAL NBA PLAYERS AND THEIR FAMILIES AND TUITION REIMBURSEMENT BENEFITS FOR ELIGIBLE CURRENT AND FORMER NBA PLAYERS.MEDICAL, PRESCRIPTION DRUG, DENTAL AND VISION COVERAGE TO ELIGIBLE RETIRED NBA PLAYERS AND THEIR FAMILIES.


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Board, Officers & Key Employees

Name (title)Compensation
Daniel Rube
Trustee
$0
Oris Staurt
Trustee As Of 8/15/2020
$0
Neil Aaron
Trustee
$0
Ronald Klempner
Trustee
$0
Gary Arrick
Trustee
$0
Purvis Short
Trustee
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Wellington Trust Company Na
Investment Management
$588,352
Wells Fargo Bank
Custodial
$165,987
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$39,900,212
Investment income $4,381,613
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $7,257,712
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $51,539,537

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