Overview
What is City Of Lakeville Health Reimbursement Arrangement Trust?
The City Of Lakeville Health Reimbursement Arrangement Trust is a nonprofit entity located in Lakeville, Minnesota, specifically at 20195 Holyoke Avenue. Its primary objective is to fund medical expense reimbursements under a Health Reimbursement Arrangement. The trust made reimbursements totaling $125,560.56 for medical expenses. Additionally, the information indicates that there were expenses related to the investment of the trust's funds, amounting to $1,742.63. This organization's main role is to provide financial assistance for medical expenses within the framework of a Health Reimbursement Arrangement.
Is City Of Lakeville Health Reimbursement Arrangement Trust legitimate?
City Of Lakeville Health Reimbursement Arrangement Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. City Of Lakeville Health Reimbursement Arrangement Trust 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 Lakeville Health Reimbursement Arrangement Trust?
The City of Lakeville Health Reimbursement Arrangement Trust's primary role is to fund medical expense reimbursements under a Health Reimbursement Arrangement. This organization facilitates the reimbursement of eligible medical expenses, as demonstrated by their disbursement of 125,560.56 in reimbursements. Additionally, expenses related to the investment of the trust's funds totalled 1,742.63. In essence, the mission of this trust is to provide financial assistance to individuals in covering their medical expenses, through a Health Reimbursement Arrangement.
Who is the CEO of City Of Lakeville Health Reimbursement Arrangement Trust?
Tammy Schutta is the Hr Manager of City Of Lakeville Health Reimbursement Arrangement Trust.
What is the revenue of City Of Lakeville Health Reimbursement Arrangement Trust?
City Of Lakeville Health Reimbursement Arrangement Trust's revenue in 2022 was $107,568.
Who are the executives of City Of Lakeville Health Reimbursement Arrangement Trust and what are their salaries?
Here are 2 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for City Of Lakeville Health Reimbursement Arrangement Trust?
City Of Lakeville Health Reimbursement Arrangement Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of City Of Lakeville Health Reimbursement Arrangement Trust
The City of Lakeville Health Reimbursement Arrangement Trust is an organization dedicated to funding medical expense reimbursements under a Health Reimbursement Arrangement. Its primary mission is to provide financial support for individuals incurring medical costs, as outlined in this arrangement. During its operations, the trust made reimbursements totaling $125,560.56 for medical expenses. It's important to note that the trust also managed expenses related to the investment of its funds, which amounted to $1,742.63. In essence, the City of Lakeville Health Reimbursement Arrangement Trust serves as a financial resource for individuals in need of medical expense reimbursements, facilitating their access to essential healthcare services.
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Impact
October, 2024
City Of Lakeville Health Reimbursement Arrangement Trust significantly impacts the community by providing essential financial support for medical expenses through its Health Reimbursement Arrangement (HRA). By reimbursing a total of $125,560.56 in medical expenses, it alleviates the financial burden faced by individuals seeking necessary healthcare services. This funding promotes better access to medical care, encourages preventive health measures, and ultimately contributes to the overall well-being of its beneficiaries.
Additionally, the trust manages its investments effectively, as evidenced by a modest expense of $1,742.63 related to the management of trust funds. This diligent oversight ensures that the trust remains sustainable, allowing for ongoing support to individuals in need. By facilitating medical reimbursements, the City Of Lakeville Health Reimbursement Arrangement Trust plays a vital role in enhancing community health and providing mutual benefits to its members.
This information is meant to be a general summary of City Of Lakeville Health Reimbursement Arrangement Trust. 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: $2,513
- Program Service Revenue: $105,055
- Gross Receipts: $107,568
Assets and Liabilities:
- Total Assets: $0
- Total Liabilities: $0
- Net Assets: $0
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTIONS
Revenue
$105,055
Organization Details
Founding Year
2006
Phone
(952) 985-4491Principal Officer
Tammy Schutta
Main Address
20195 HOLYOKE AVENUE, LAKEVILLE, MN, 55044
NTEE Category
Code: Y43 - Mutual benefit
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