Overview
What is City Of Chaska Veba Direct Hra Plan?
The City of Chaska Veba Direct HRA Plan is a nonprofit organization located at 1 City Hall Plaza, Chaska, Minnesota 55318. This entity operates as a Voluntary Employees' Beneficiary Association (VEBA), primarily focused on funding reimbursements for eligible medical expenses under a Health Reimbursement Arrangement (HRA). Approximately 42 individuals benefit from these reimbursements, totaling around $68,179. The VEBA's goal is to support its members in managing their healthcare costs, providing financial assistance for medical expenses as necessary.
Is City Of Chaska Veba Direct Hra Plan legitimate?
City Of Chaska Veba Direct Hra Plan is a legitimate nonprofit organization registered as a 501(c)(9) entity. City Of Chaska Veba Direct Hra Plan 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 City Of Chaska Veba Direct Hra Plan?
The City of Chaska Veba Direct HRA Plan operates as a Voluntary Employees' Beneficiary Association (VEBA), its primary mission being to fund reimbursements for eligible medical expenses under a Health Reimbursement Arrangement (HRA). This organization aims to support its approximately 42 participating members by providing financial assistance for their medical needs, totaling around $68,179 in reimbursements. The City of Chaska Veba Direct HRA Plan serves as a safety net for its members, ensuring they can afford necessary medical treatments and services.
Who is the CEO of City Of Chaska Veba Direct Hra Plan?
Sarah Donovan is the Trustee of City Of Chaska Veba Direct Hra Plan.
What is the revenue of City Of Chaska Veba Direct Hra Plan?
City Of Chaska Veba Direct Hra Plan's revenue in 2022 was $81,257.
Who are the executives of City Of Chaska Veba Direct Hra Plan 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 City Of Chaska Veba Direct Hra Plan?
City Of Chaska Veba Direct Hra Plan's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of City Of Chaska Veba Direct Hra Plan
The City of Chaska Veba Direct HRA Plan is a Voluntary Employees' Beneficiary Association (VEBA) designed to finance the reimbursement of eligible medical expenses under a Health Reimbursement Arrangement. This organization serves as a fund for its approximately 42 participants, providing financial assistance to cover eligible medical expenses. The mission of this plan is to ensure that its members have the necessary financial support to manage their medical costs, thereby enhancing their overall health and well-being. The City of Chaska Veba Direct HRA Plan operates as a safety net, providing financial assistance for medical expenses that are not fully covered by other insurance plans or are not covered at all. This plan plays a crucial role in supporting its participants, enabling them to access necessary medical services without undue financial strain.
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Impact
October, 2024
The City of Chaska VEBA Direct HRA Plan provides significant advantages for its participants by offering a structured way to reimburse eligible medical expenses. This Health Reimbursement Arrangement (HRA) is designed to alleviate the financial burden associated with medical costs, making healthcare more accessible for its members.
With approximately 42 participants currently enrolled, the plan has successfully facilitated eligible medical reimbursements totaling $68,179. This not only offers direct financial relief to individuals for out-of-pocket medical expenses but also promotes better health management by encouraging the use of necessary medical services. The voluntary nature of the association ensures that employees can choose to participate based on their specific health needs, thus enhancing their overall well-being.
Additionally, the VEBA supports a community-oriented approach by pooling resources, allowing members to benefit from collective funding for healthcare costs. This mutual benefit structure fosters a sense of solidarity among participants, as they contribute to and rely on a shared resource aimed at improving individual health outcomes. Overall, the City of Chaska VEBA Direct HRA Plan plays a crucial role in supporting its members' financial health and encouraging proactive healthcare engagement.
This information is meant to be a general summary of City Of Chaska Veba Direct Hra Plan. 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: -$71
- Program Service Revenue: $81,328
- Gross Receipts: $120,389
Assets and Liabilities:
- Total Assets: $207,479
- Total Liabilities: $0
- Net Assets: $207,479
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTION
Revenue
$81,328
Organization Details
Phone
(952) 448-9200Principal Officer
Sarah Donovan
Main Address
1 City Hall Plaza, Chaska, MN, 55318
NTEE Category
Code: Y40 - Mutual benefit
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