Noridian Mutual Insurance Company Retirees Veba Tr

Organization Overview

Noridian Mutual Insurance Company Retirees Veba Tr is located in Fargo, ND. The organization was established in 2004. 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. Noridian Mutual Insurance Company Retirees Veba Tr 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, Noridian Mutual Insurance Company Retirees Veba Tr generated $16.5m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 50.3% each year . All expenses for the organization totaled $29.1m during the year ending 12/2021. 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

TO FUND BENEFITS TO ACTIVE AND RETIRED EMPLOYEES OF BLUE CROSS BLUE SHIELD OF NORTH DAKOTA.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PAYMENT OF HEALTHCARE PREMIUMS FOR ACTIVE EMPLOYEES AND CURRENT AND FUTURE RETIREES.


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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$9,075,227
Investment income $1,175,775
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $6,278,454
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $16,529,456

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