Overview
What is Waconia Schools Isd 110 Hra 1050003341?
Waconia Schools Isd 110 Hra 1050003341 is a nonprofit entity, specifically a Health Reimbursement Account (HRA), established to offer qualified health and welfare benefits to both active and former employees of Waconia Schools Isd 110. The purpose of this HRA is to cover health-related expenses, in accordance with its stated mission, and to manage the costs associated with administering this plan. This nonprofit entity follows the guidelines set forth in Section 501(C)(9) of the Internal Revenue Code.
Is Waconia Schools Isd 110 Hra 1050003341 legitimate?
Waconia Schools Isd 110 Hra 1050003341 is a legitimate nonprofit organization registered as a 501(c)(9) entity. Waconia Schools Isd 110 Hra 1050003341 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 Waconia Schools Isd 110 Hra 1050003341?
The mission of Waconia Schools Isd 110 Hra 1050003341 is to establish a trust that provides qualified health and welfare benefits to its active and former employees through a Health Reimbursement Arrangement (HRA). The trust's primary objective is to offer health reimbursement benefits as outlined in the related plan, and to make payments for eligible health expenses in accordance with Section 501(C)(9) of the Internal Revenue Code. All expenses incurred have been applied in adherence to the stated mission, aiming to provide health reimbursement benefits and defray the cost of administering the plan for the benefit of the employees.
Who is the CEO of Waconia Schools Isd 110 Hra 1050003341?
Steve R Sherman is the Trustee of Waconia Schools Isd 110 Hra 1050003341.
What is the revenue of Waconia Schools Isd 110 Hra 1050003341?
Waconia Schools Isd 110 Hra 1050003341's revenue in 2022 was $219,301.
Who are the executives of Waconia Schools Isd 110 Hra 1050003341 and what are their salaries?
There is 1 key member and their salary:
- Compensation: $0
- Related: $0
- Other: $324
Where can I find the form 990 for Waconia Schools Isd 110 Hra 1050003341?
Waconia Schools Isd 110 Hra 1050003341's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Waconia Schools Isd 110 Hra 1050003341
Waconia Schools Isd 110 Hra 1050003341, established with a specific purpose, aims to offer qualified health and welfare benefits to its active and former employees through a Health Reimbursement Arrangement (HRA). The trust's primary mission is to provide these employees with reimbursements for their health-related expenses, as outlined in the related plan, in accordance with Section 501(C)(9) of the Internal Revenue Code. All expenses incurred are applied in line with this mission, ensuring that both current and former employees can benefit from these health reimbursement advantages. The trust also takes on the responsibility of administering the plan, ensuring its smooth operation and adherence to its stated objectives.
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Impact
October, 2024
Waconia Schools Isd 110 Hra 1050003341 plays a crucial role in enhancing the health and welfare of employees by providing a Health Reimbursement Arrangement (HRA). This initiative is designed to support both active and former employees by reimbursing qualified health expenses, which helps to alleviate their financial burden related to healthcare costs.
The organization meticulously applies all incurred expenses in alignment with its mission, ensuring that resources are utilized effectively to benefit those it serves. By offering this plan, Waconia Schools fosters a healthier workforce and contributes to the overall well-being of its employees, which can translate into higher job satisfaction, retention, and productivity.
Furthermore, the HRA is structured under Section 501(c)(9) of the Internal Revenue Code, allowing for specific tax advantages, which can enhance the overall financial stability of the trust and the benefits it provides. This arrangement not only serves the immediate needs of employees but also strengthens the community by encouraging a culture of health and support among its members.
This information is meant to be a general summary of Waconia Schools Isd 110 Hra 1050003341. 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: $18,807
- Program Service Revenue: $200,494
- Gross Receipts: $219,301
Assets and Liabilities:
- Total Assets: $1,220,885
- Total Liabilities: $0
- Net Assets: $1,220,885
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTIONS
Revenue
$200,494
Organization Details
Founding Year
2006
Phone
(716) 245-6100Principal Officer
Steve R Sherman
Main Address
PO BOX 4391, CLINTON, IA, 527334391
NTEE Category
Code: Y44 - Mutual benefit
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