Overview
What is Retirement Enhancement And Benefit Alternatives Veba Trust Ii?
Retirement Enhancement and Benefit Alternatives Veba Trust II is a nonprofit organization based in Minneapolis, Minnesota, with an address at 222 South 9th Street, 55402. Their primary mission is to fund medical expense reimbursement under a Health Reimbursement Arrangement (HRA). In the last year, approximately 542 participants have benefited from this arrangement, with medical expenses totaling $792,790. This organization's purpose is to provide financial assistance to those in need of medical care, supporting their health and well-being.
Is Retirement Enhancement And Benefit Alternatives Veba Trust Ii legitimate?
Retirement Enhancement And Benefit Alternatives Veba Trust Ii is a legitimate nonprofit organization registered as a 501(c)(9) entity. Retirement Enhancement And Benefit Alternatives Veba Trust Ii 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 Retirement Enhancement And Benefit Alternatives Veba Trust Ii?
The Retirement Enhancement and Benefit Alternatives Veba Trust II is designed to fund medical expense reimbursements under a Health Reimbursement Arrangement. This trust facilitates the reimbursement of eligible medical expenses for approximately 542 participants who have sought medical care, amounting to approximately $792,790. The primary goal of this trust is to provide financial assistance for medical expenses, thereby alleviating some of the financial burden associated with healthcare for its participants.
Who is the CEO of Retirement Enhancement And Benefit Alternatives Veba Trust Ii?
Voya Institutional Trust is the Principal Officer of Retirement Enhancement And Benefit Alternatives Veba Trust Ii.
What is the revenue of Retirement Enhancement And Benefit Alternatives Veba Trust Ii?
Retirement Enhancement And Benefit Alternatives Veba Trust Ii's revenue in 2022 was $1,125,391.
Who are the executives of Retirement Enhancement And Benefit Alternatives Veba Trust Ii and what are their salaries?
There is 1 key member and their salary:
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Retirement Enhancement And Benefit Alternatives Veba Trust Ii?
Retirement Enhancement And Benefit Alternatives Veba Trust Ii's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Retirement Enhancement And Benefit Alternatives Veba Trust Ii
Retirement Enhancement and Benefit Alternatives VEBA Trust II, as its name suggests, is committed to funding medical expenses under a Health Reimbursement Arrangement. This organization's mission is to provide financial assistance to its approximately 542 participants, enabling them to cover their medical expenses totaling $792,790. The Health Reimbursement Arrangement serves as a means for the trust to reimburse eligible medical expenses, thereby offering financial relief to its participants. This mission is instrumental in supporting individuals in managing their medical expenses, ensuring they receive necessary healthcare services without undue financial burden.
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Impact
October, 2024
Retirement Enhancement And Benefit Alternatives Veba Trust II significantly impacts the financial well-being of its participants by providing funding for medical expense reimbursements through a health reimbursement arrangement. With approximately 542 participants, the organization facilitated the reimbursement of $792,790 for medical care, ensuring that individuals can manage healthcare costs effectively. This support not only alleviates financial burdens but also promotes healthcare accessibility, allowing participants to focus on their well-being without the stress of overwhelming medical expenses. The trust plays a crucial role in enhancing the quality of life for its members by helping them navigate the complexities of healthcare financing.
This information is meant to be a general summary of Retirement Enhancement And Benefit Alternatives Veba Trust Ii. 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: $169,858
- Program Service Revenue: $955,533
- Gross Receipts: $1,125,391
Assets and Liabilities:
- Total Assets: $7,027,678
- Total Liabilities: $0
- Net Assets: $7,027,678
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTION
Revenue
$955,533
Organization Details
Founding Year
2005
Phone
(612) 436-4600Principal Officer
Voya Institutional Trust
Main Address
222 SOUTH 9TH STREET, MINNEAPOLIS, MN, 55402
NTEE Category
Code: Y43 - Mutual benefit
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