Public Charity

GLENN O HAWBAKER INC EMPLOYEE WELFARE BENEFIT TRUST

GLENN O HAWBAKER INC EMPLOYEE WELFARE BENEFIT TRUST is a nonprofit organization categorized as Public Charity based in STATE COLLEGE, PA. Its most recent IRS filing (2024) reports revenue of $18.6M, expenses of $18.1M, total assets of $16.3M.

EIN: 521392784 STATE COLLEGE, PA Voluntary Employees Beneficiary Associations (Non-Government) NTEE: Y43 Latest filing: 2024
Total Revenue$18.6M
Total Expenses$18.1M
Total Assets$16.3M
Grant Records0
Filing Years2021–2024

Mission

THE PLAN SPONSOR'S PURPOSE IN ESTABLISHING THE PLAN IS TO PROTECT ELIGIBLE EMPLOYEES AND THEIR DEPENDENTS AGAINST CERTAIN HEALTH EXPENSES AND TO HELP DEFRAY THE FINANCIAL EFFECTS ARISING FROM INJURY OR SICKNESS. TO ACCOMPLISH THIS PURPOSE, THE PLAN SPONSOR MUST BE MINDFUL OF THE NEED TO CONTROL AND MINIMIZE HEALTH CARE COSTS THROUGH INNOVATIVE AND EFFICIENT PLAN DESIGN AND COST CONTAINMENT PROVISIONS, AND OF ABIDING BY THE TERMS OF THE PLAN DOCUMENT, TO ALLOW THE PLAN SPONSOR TO EFFECTIVELY ASSIGN THE RESOURCES AVAILABLE TO HELP PARTICIPANTS IN THE PLAN TO THE MAXIMUM FEASIBLE EXTENT.

Financial Trends

Year Revenue Expenses Assets
2024 $18.6M $18.1M $16.3M
2023 $24.5M $18.6M $15.8M
2022 $12.4M $11.2M $9.9M
2021 $10.7M $15.3M $8.7M

Between 2021 and 2024, reported annual revenue grew from $10.7M to $18.6M (+74%), with total assets most recently reported at $16.3M.

Interactive year-over-year charts and full filing details available with membership.

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