Cigna Benefit Plans Trust C/o Connecticut National Bank
501(c)(9)
Only null% goes to programs
Cigna Benefit Plans Trust C/o Connecticut National Bank is a 501(c)(9) organization based in Pennington, New Jersey, registered in 1984, with $45,137,443 in FY2024 revenue. CharityIndex grades it C+.
C/o Bank of America 1400 American, Pennington, NJ, 08534 EIN 22-2483338 Since 1984
Revenue (FY2024)
$45.1M
▲ 2.8% vs prior year
Expenses (FY2024)
$44.4M
Net assets
$18.6M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C+
★★★★
Rated on 2 of 4 criteria — the rest aren't reported in this filing type.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Cigna Benefit Plans Trust C/o Connecticut National Bank— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
AFinancial health25% of the rating5 mo reserves · +2% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Cigna Benefit Plans Trust C/o Connecticut National Bank: 5 mo reserves · +2% margin earns a A on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Cigna Benefit Plans Trust C/o Connecticut National Bank— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DTransparency10% of the rating1 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Cigna Benefit Plans Trust C/o Connecticut National Bank: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
- Address
- C/o Bank of America 1400 American, Pennington, NJ, 08534
- City
- Pennington
- State
- New Jersey
- Category
- —
- Subcategory
- —
Financial trends
Revenue declined from $50.6M (FY2020) to $45.1M (FY2024) across 5 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $5.2MNet assets $18.6M
Operating margin
1.6%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$23.8M
Total liabilities
$5.2M
Net assets
$18.6M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $45,137,443▲2.8% | $44,431,336▲4.8% | $18,586,084▲3.9% | $23,768,461▲32.9% | 990 |
| 2023 | $43,917,568▼4.0% | $42,388,575▼6.9% | $17,879,977▲9.4% | $17,879,977▲9.4% | 990 |
| 2022 | $45,748,095▲0.4% | $45,510,741▲1.4% | $16,350,984▲1.5% | $16,350,984▼6.5% | 990 |
| 2021 | $45,549,797▼10.0% | $44,883,574▼5.1% | $16,113,630▲4.3% | $17,480,750▼6.7% | 990 |
| 2020 | $50,597,191 | $47,289,679 | $15,447,407 | $18,734,946 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Frequently asked questions
- Is Cigna Benefit Plans Trust C/o Connecticut National Bank a legitimate nonprofit?
- Yes. Cigna Benefit Plans Trust C/o Connecticut National Bank is a 501(c)(9) organization registered with the U.S. Internal Revenue Service under EIN 22-2483338, based in Pennington, New Jersey.
- What is Cigna Benefit Plans Trust C/o Connecticut National Bank's EIN?
- Cigna Benefit Plans Trust C/o Connecticut National Bank's Employer Identification Number (EIN) is 22-2483338.
- How much revenue does Cigna Benefit Plans Trust C/o Connecticut National Bank report?
- Cigna Benefit Plans Trust C/o Connecticut National Bank reported $45,137,443 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Cigna Benefit Plans Trust C/o Connecticut National Bank have?
- CharityIndex grades Cigna Benefit Plans Trust C/o Connecticut National Bank C+, based on financial health (reserves and operating margin).
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Data for Cigna Benefit Plans Trust C/o Connecticut National Bank (EIN 22-2483338) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.