Cowles Company Medical Plan Veba Trust

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 207044058 ✦ Spokane, WA ✦ Designated as a 501(c)(9)

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Overview

What is Cowles Company Medical Plan Veba Trust?

The Cowles Company Medical Plan Veba Trust is a trust fund established to provide approved medical services to eligible participants and their dependents, as outlined in the Plan document. Funding for these services comes from contributions made by both participants and their employers, which are deposited into the trust. In the 2022 plan year, an average of 340 individuals benefited from this trust. The trust operates in accordance with its provisions, ensuring that medical services are made available to those enrolled in the plan.

Is Cowles Company Medical Plan Veba Trust legitimate?

Cowles Company Medical Plan Veba Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Cowles Company Medical Plan Veba 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

For more financial information, click here

What is the mission statement of Cowles Company Medical Plan Veba Trust?

The Cowles Company Medical Plan Veba Trust's primary function is to collect contributions from participants and employers, which are then deposited into a VEBA trust. This trust is utilized to facilitate the provision of approved medical services to the enrolled participants and their dependents, in accordance with the stipulations outlined in the Plan document. During the 2022 plan year, an average of 340 individuals were enrolled in this trust. The mission of the Cowles Company Medical Plan Veba Trust is essentially to manage these contributions and ensure that eligible beneficiaries receive the necessary medical services as outlined in the plan.

Who is the CEO of Cowles Company Medical Plan Veba Trust?

Steven Rector is the Trustee of Cowles Company Medical Plan Veba Trust.

What is the revenue of Cowles Company Medical Plan Veba Trust?

Cowles Company Medical Plan Veba Trust's revenue in 2022 was $3,658,373.

Who are the executives of Cowles Company Medical Plan Veba Trust and what are their salaries?


Here are 3 key members and their salaries:


Steven Rector (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michelle Nielsen (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Alyson Ryan Gilbertson (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Cowles Company Medical Plan Veba Trust?

Cowles Company Medical Plan Veba Trust's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Cowles Company Medical Plan Veba Trust

The Cowles Company Medical Plan VEBa Trust, as a nonprofit entity, is committed to managing contributions from both participants and employers. These contributions are meticulously deposited into a VEBa trust, with the primary objective of providing approved medical services to the covered participants, in accordance with the provisions of the Plan document. The trust serves an average of 340 participants and their dependents annually, ensuring their access to necessary medical services. This mission of the Cowles Company Medical Plan VEBa Trust is crucial in providing a safety net for its participants, ensuring they receive the medical care they require.

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Impact




October, 2024

The Cowles Company Medical Plan VEBA Trust plays a critical role in providing healthcare benefits to its participants and their dependents. By collecting contributions from both participants and employers, the trust effectively pools resources to fund approved medical services as outlined in the Plan document. This structure ensures that the financial burden of healthcare is mitigated for an average of 340 participants and their covered dependents, promoting access to essential medical services.

Operating out of Spokane, WA, the trust not only enhances the well-being of its members but also fosters a community-oriented approach to healthcare. The use of a VEBA (Voluntary Employees’ Beneficiary Association) trust allows for tax-advantaged funding of healthcare benefits, which can lead to substantial savings for participating individuals and their families.

Overall, the Cowles Company Medical Plan VEBA Trust significantly impacts the healthcare landscape for its members by facilitating access to necessary medical services while managing contributions efficiently, ultimately enhancing the health and financial stability of the participants it serves.




This information is meant to be a general summary of Cowles Company Medical Plan Veba 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.

Revenue
$3,658,373 (2022)
Expenses
$3,347,450 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $19,182
  • Program Service Revenue: $3,639,191
  • Gross Receipts: $3,658,373

Assets and Liabilities:

  • Total Assets: $2,989,389
  • Total Liabilities: $261,095
  • Net Assets: $2,728,294

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

Insurance and employee benefit funds

Revenue

$3,639,191

Organization Details

Founding Year

2006

Principal Officer

Steven Rector

Main Address

999 W RIVERSIDE AVE STE 603, SPOKANE, WA, 992011006

NTEE Category

Code: Y43 - Mutual benefit

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