Overview
What is Marist College Supplemental Health Coverage P?
Marist College Supplemental Health Coverage P is a health reimbursement arrangement funded by a plan that benefits 30 participants annually. This initiative, based in Poughkeepsie, New York, operates under the mission of providing health and welfare benefits to eligible retirees as stipulated in a collective bargaining agreement. Essentially, the program serves as a Voluntary Employees' Beneficiary Association (VEBA), funding the reimbursement of eligible medical expenses through a Health Reimbursement Arrangement (HRA).
Is Marist College Supplemental Health Coverage P legitimate?
Marist College Supplemental Health Coverage P is a legitimate nonprofit organization registered as a 501(c)(9) entity. Marist College Supplemental Health Coverage P submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Marist College Supplemental Health Coverage P?
Marist College Supplemental Health Coverage P operates as a Voluntary Employees' Beneficiary Association (VEBA), with the primary mission of funding a Health Reimbursement Arrangement (HRA) to cover eligible medical expenses for its participating retirees, as outlined in a collective bargaining agreement. The HRA, which benefits approximately 30 individuals during the plan year 2021, aims to provide health and welfare benefits to these retirees, ensuring they have financial support for their medical needs. This VEBA serves as a crucial resource for eligible retirees, helping to alleviate the burden of medical expenses and contributing to their overall well-being.
Who is the CEO of Marist College Supplemental Health Coverage P?
Marist College is the Principal Officer of Marist College Supplemental Health Coverage P.
What is the revenue of Marist College Supplemental Health Coverage P?
Marist College Supplemental Health Coverage P's revenue in 2022 was $69,394.
Who are the executives of Marist College Supplemental Health Coverage P and what are their salaries?
There is 1 key member and their salary:
- Compensation: $0
- Related: $186,223
- Other: $60,717
Where can I find the form 990 for Marist College Supplemental Health Coverage P?
Marist College Supplemental Health Coverage P's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Marist College Supplemental Health Coverage P
Marist College Supplemental Health Coverage P, functioning as a Voluntary Employees' Beneficiary Association (VEBA), serves a crucial role in funding a Health Reimbursement Arrangement (HRA). This HRA is designed to reimburse eligible medical expenses for a selected group of individuals, benefitting a total of 30 participants during the plan year 2021. The primary objective of Marist College Supplemental Health Coverage P is to provide health and welfare benefits to these individuals in accordance with a collective bargaining agreement.
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Impact
October, 2024
Marist College Supplemental Health Coverage P plays a significant role in enhancing the health and welfare benefits for eligible retirees, providing a structured financial support system for medical expenses. This Health Reimbursement Arrangement (HRA) allows retirees to get reimbursed for eligible medical expenses, thereby alleviating some of the financial burdens associated with healthcare costs.
Through this program, 30 participants were able to benefit during the plan year 2021, reflecting a targeted approach to support those who have dedicated years to the institution. By funding a voluntary employees' beneficiary association (VEBA), the plan ensures that retirees have access to resources that can help them manage healthcare expenses without excessive strain on their personal finances.
The impact of this coverage extends beyond just financial assistance; it fosters a sense of security and well-being among retirees, allowing them to navigate their healthcare needs with more confidence. Overall, Marist College Supplemental Health Coverage P significantly contributes to the long-term welfare of its participants, underscoring the importance of supplemental health coverage in retirement planning.
This information is meant to be a general summary of Marist College Supplemental Health Coverage P. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $44,497
- Program Service Revenue: $24,897
- Gross Receipts: $97,443
Assets and Liabilities:
- Total Assets: $1,337,616
- Total Liabilities: $0
- Net Assets: $1,337,616
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYEE CONTRIBUTIONS
Revenue
$24,897
Organization Details
Founding Year
1999
Phone
(845) 575-3000Principal Officer
Marist College
Main Address
3399 North Road, Poughkeepsie, NY, 12601
NTEE Category
Code: Y43 - Mutual benefit
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