Overview
What is City Of Minneapolis Veba?
City of Minneapolis Veba is a voluntary employee benefit association (VEBA) established to fund and distribute employee benefits. Based on the provided information, this nonprofit organization's primary purpose is to provide welfare benefits for the employees of the City of Minneapolis and its independent boards and agencies covered by the plan. It reimburses expenses incurred by employees or their eligible dependents for costs not covered by other insurance, aiming to enhance employee welfare and wellbeing. The City of Minneapolis has adopted a Health Reimbursement Plan to facilitate this mission.
Is City Of Minneapolis Veba legitimate?
City Of Minneapolis Veba is a legitimate nonprofit organization registered as a 501(c)(9) entity. City Of Minneapolis Veba 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: $42,753
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of City Of Minneapolis Veba?
The City of Minneapolis Veba has implemented a Health Reimbursement Plan, with the primary objective of providing welfare benefits to its employees and those covered by independent boards and agencies. This plan aims to reimburse expenses incurred by employees or their eligible dependents, which are not covered by other available insurance. The plan serves to bridge gaps in coverage, ensuring that essential healthcare needs are met. The City of Minneapolis Veba's Health Reimbursement Plan is designed to support its workforce by providing financial assistance for healthcare expenses.
Who is the CEO of City Of Minneapolis Veba?
Unavailable
What is the revenue of City Of Minneapolis Veba?
City Of Minneapolis Veba's revenue in 2022 was $7,003,201.
Who are the executives of City Of Minneapolis Veba and what are their salaries?
There is 1 key member and their salary:
- Compensation: $42,753
- Related: $0
- Other: $0
Where can I find the form 990 for City Of Minneapolis Veba?
City Of Minneapolis Veba's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of City Of Minneapolis Veba
City of Minneapolis Veba, having adopted a Health Reimbursement Plan, aims to extend welfare benefits to its employees and those covered by independent boards and agencies under this plan. This plan serves the purpose of reimbursing expenses incurred by an employee or their eligible dependents, which are not covered by other insurance they may have access to. In essence, City of Minneapolis Veba is committed to assisting its employees and eligible dependents in managing uncovered healthcare expenses.
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Impact
October, 2024
City Of Minneapolis Veba provides crucial welfare benefits for city employees and their eligible dependents by implementing a health reimbursement plan. This plan enables employees to reclaim expenses that are not covered by existing insurance, thereby enhancing their overall financial security and access to healthcare.
By alleviating the burden of out-of-pocket medical costs, the initiative promotes employee well-being and satisfaction. It plays a significant role in supporting the health of the city’s workforce, ultimately leading to a more motivated and productive environment within the city's independent boards and agencies. This benefit structure not only reinforces the commitment to employee welfare but also contributes to employee retention and attraction, fostering a healthier and more robust workforce for the city of Minneapolis.
This information is meant to be a general summary of City Of Minneapolis Veba. 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: $156,070
- Program Service Revenue: $6,847,131
- Gross Receipts: $11,196,690
Assets and Liabilities:
- Total Assets: $29,013,965
- Total Liabilities: $0
- Net Assets: $29,013,965
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTIONS
Revenue
$6,847,131
Organization Details
Founding Year
2004
Phone
(651) 466-6269Main Address
PO BOX 0634, MILWAUKEE, WI, 532010634
NTEE Category
Code: Y44 - Mutual benefit
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