National Guard Association Of Tennessee Group Insurance Trust

Organization Overview

National Guard Association Of Tennessee Group Insurance Trust is located in Nashville, TN. The organization was established in 1990. According to its NTEE Classification (W30) the organization is classified as: Military & Veterans Organizations, under the broad grouping of Public & Societal Benefit and related organizations. As of 06/2021, National Guard Association Of Tennessee Group Insurance Trust employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. National Guard Association Of Tennessee Group Insurance Trust is a 501(c)(19) and as such, is described as a "Post or Organization of Past or Present Members of the Armed Forces" by the IRS.

For the year ending 06/2021, National Guard Association Of Tennessee Group Insurance Trust generated $475.2k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.4%) each year. All expenses for the organization totaled $481.8k during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.

Since 2018, National Guard Association Of Tennessee Group Insurance Trust has awarded 11 individual grants totaling $270,000. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE NATIONAL GUARD ASSOCIATION OF TENNESSEE GROUP INSURANCE TRUST ("TRUST") IS A NON-PROFIT ORGANIZATION, WHICH IS EXEMPT FROM INCOME TAXES UNDER INTERNAL REVENUE CODE SECTION 501(C)(19). THE PRIMARY PURPOSE OF THE TRUST IS TO OBTAIN LIFE INSURANCE FOR THE MEMBERS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE ORGANIZATION PROVIDES A PERMANENT ARRANGEMENT FOR THE ADMINISTRATION OF THE GROUP INSURANCE PROGRAM OF THE NATIONAL GUARD ASSOCIATION OF TENNESSEE FOR THE BENEFIT OF ITS MEMBERS.


THE ORGANIZATION PAYS INSURANCE PREMIUMS ON BEHALF OF MEMBERS WHO HAVE RETIRED FROM THE TENNESSEE NATIONAL GUARD AND WHO MEET CERTAIN CRITERIA SET FORTH BY THE TRUST.


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Board, Officers & Key Employees

Name (title)Compensation
Col Ret Byron Deel
Insurance Administrator
$38,000
Col Ret Barry Buntin
Vice Chair
$0
Maj Ret Brian Ragan
Chair
$0
Col Ret Tim Ledman
Secretary
$0
Ltc Jim Ridings
President
$0
Ltc James Haltom
Trustee
$0

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$289,394
Investment income $94,649
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $31,223
Net Gain/Loss on Asset Sales $59,923
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $475,189

Grants Awarded

Over the last fiscal year, National Guard Association Of Tennessee Group Insurance Trust has awarded $30,000 in support to 2 organizations.

Grant RecipientAmount

ENLISTED ASSOCIATION OF THE NATIONAL GUARD OF TENNESSEE

Org PageRecipient Profile

Nashville, TN

PURPOSE: ADMINISTRATIVE ASSISTANCE

$20,000

NATIONAL GUARD ASSOCIATION OF TENNESSEE

Org PageRecipient Profile

Nashville, TN

PURPOSE: ADMINISTRATIVE ASSISTANCE

$10,000
View Grant Profile

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