Overview
What is Midwest Teamsters Health Reimbursement Arrangement Tr Fund?
The Midwest Teamsters Health Reimbursement Arrangement Tr Fund is a nonprofit organization situated in Mendota Heights, Minnesota. Its primary mission is to provide a health reimbursement arrangement, enabling eligible employees to receive non-taxable reimbursement for qualifying medical expenses, as outlined in Section 213 of the Internal Revenue Code. This arrangement serves as a means for employees to cover their medical care costs effectively.
Is Midwest Teamsters Health Reimbursement Arrangement Tr Fund legitimate?
Midwest Teamsters Health Reimbursement Arrangement Tr Fund is a legitimate nonprofit organization registered as a 501(c)(9) entity. Midwest Teamsters Health Reimbursement Arrangement Tr Fund 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 Midwest Teamsters Health Reimbursement Arrangement Tr Fund?
The Midwest Teamsters Health Reimbursement Arrangement Trust's primary objective is to allow eligible employees to obtain non-taxable reimbursement for their qualifying medical expenses from their Health Reimbursement Account (HRA). This fund is designed to facilitate the reimbursement of medical expenses that fall under Section 213 of the Internal Revenue Code. By doing so, it aims to offer a financial aid solution for employees' healthcare needs.
Who is the CEO of Midwest Teamsters Health Reimbursement Arrangement Tr Fund?
Brian Aldes is the Chairman of Midwest Teamsters Health Reimbursement Arrangement Tr Fund.
What is the revenue of Midwest Teamsters Health Reimbursement Arrangement Tr Fund?
Midwest Teamsters Health Reimbursement Arrangement Tr Fund's revenue in 2022 was $997,944.
Who are the executives of Midwest Teamsters Health Reimbursement Arrangement Tr Fund and what are their salaries?
Here are 8 key members and their salaries:
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- Other: $0
- Compensation: $0
- Related: $24,035
- Other: $4,704
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- Related: $164,309
- Other: $55,472
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- Related: $201,869
- Other: $73,060
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- Related: $0
- Other: $0
Where can I find the form 990 for Midwest Teamsters Health Reimbursement Arrangement Tr Fund?
Midwest Teamsters Health Reimbursement Arrangement Tr Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Midwest Teamsters Health Reimbursement Arrangement Tr Fund
The Midwest Teamsters Health Reimbursement Arrangement TR Fund is designed with a mission to enable eligible employees to obtain non-taxable reimbursement for their qualified medical expenses. This mission is carried out through a Health Reimbursement Account (HRA). The primary objective of this trust is to allow employees to cover their medical expenses that meet the criteria under Section 213 of the Internal Revenue Code, thereby reducing their financial burden associated with health care costs. By providing this reimbursement mechanism, the Midwest Teamsters Health Reimbursement Arrangement TR Fund aims to support the overall healthcare needs of its associated employees.
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Impact
October, 2024
The Midwest Teamsters Health Reimbursement Arrangement Tr Fund plays a significant role in helping employees manage their medical expenses. By allowing eligible individuals to obtain reimbursement for qualifying medical care expenses under Section 213 of the Internal Revenue Code, the fund provides financial relief and encourages employees to seek necessary healthcare services without the immediate burden of out-of-pocket costs.
This arrangement not only promotes better health outcomes by easing the financial impact of healthcare but also supports the financial wellbeing of employees by offering a tax-advantaged way to cover medical expenses. Overall, the fund enhances the ability of employees in Mendota Heights, Minnesota, to manage their healthcare needs effectively, contributing to a healthier workforce and improving the quality of life for those it serves.
This information is meant to be a general summary of Midwest Teamsters Health Reimbursement Arrangement Tr Fund. 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: $351,548
- Program Service Revenue: $646,396
- Gross Receipts: $997,944
Assets and Liabilities:
- Total Assets: $8,364,528
- Total Liabilities: $12,266
- Net Assets: $8,352,262
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTIONS
Revenue
$646,201
LIQUIDATED DAMAGES
Revenue
$195
Organization Details
Founding Year
2005
Phone
(651) 256-1804Principal Officer
Brian Aldes
Main Address
2520 PILOT KNOB ROAD 325, MENDOTA HEIGHTS, MN, 55120
NTEE Category
Code: Y43 - Mutual benefit
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