Overview
What is Retirement Enhancement & Benefit Alternative Iii Trust?
Retirement Enhancement & Benefit Alternative Iii Trust is a nonprofit organization situated in Minneapolis, Minnesota. Its primary mission is to manage a Health Reimbursement Arrangement, which provides financial assistance for eligible medical expenses. With approximately 140 participants benefiting from this arrangement and incurring medical expenses totaling $115,952, the trust's main objective is to facilitate the reimbursement of medical costs for its members.
Is Retirement Enhancement & Benefit Alternative Iii Trust legitimate?
Retirement Enhancement & Benefit Alternative Iii Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Retirement Enhancement & Benefit Alternative Iii 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 Retirement Enhancement & Benefit Alternative Iii Trust?
The Retirement Enhancement & Benefit Alternative III Trust's primary mission is to fund the reimbursement of medical expenses under a Health Reimbursement Arrangement. This organization provides financial assistance for medical care expenses, as outlined in its Health Reimbursement Arrangement. During a specified period, approximately 140 participants benefited from this arrangement, with medical expenses totaling around $115,952. The trust serves to alleviate the financial burden of medical costs for its participants.
What is the revenue of Retirement Enhancement & Benefit Alternative Iii Trust?
Retirement Enhancement & Benefit Alternative Iii Trust's revenue in 2024 was $45,222.
Who are the executives of Retirement Enhancement & Benefit Alternative Iii Trust and what are their salaries?
There is 1 key member and their salary:
- Compensation: $500
- Related: $0
- Other: $0
Where can I find the form 990 for Retirement Enhancement & Benefit Alternative Iii Trust?
Retirement Enhancement & Benefit Alternative Iii Trust's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of Retirement Enhancement & Benefit Alternative Iii Trust
Retirement Enhancement & Benefit Alternative III Trust, a nonprofit organization, is dedicated to funding medical expenses under a Health Reimbursement Arrangement. The mission of this organization is to provide financial assistance for the medical needs of its approximately 140 participants. Through this Health Reimbursement Arrangement, the trust reimburses its participants for the medical care they receive, totaling approximately $115,952. The Retirement Enhancement & Benefit Alternative III Trust serves as a financial safety net, enabling its participants to manage their medical expenses more effectively. By providing reimbursement for medical care, the organization helps alleviate financial burdens and ensures that its participants have access to necessary healthcare services.
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Impact
October, 2024
Retirement Enhancement & Benefit Alternative III Trust significantly impacts the financial well-being of its participants by providing a structured mechanism for reimbursement of medical expenses through a Health Reimbursement Arrangement (HRA). This program allows individuals to recoup costs associated with their healthcare, making necessary medical services more affordable and accessible.
With approximately 140 participants utilizing the HRA, the Trust helped cover a total of $115,952 in medical care expenses. This assistance not only alleviates the financial burden on participants but also encourages them to seek necessary medical attention without the fear of prohibitive costs. By funding reimbursements, the Trust promotes better health outcomes and contributes to the overall wellness of the community in Minneapolis, MN.
In essence, the Retirement Enhancement & Benefit Alternative III Trust plays a crucial role in enhancing the quality of life for its participants, ensuring that healthcare remains within reach and addressing the challenges associated with rising medical expenses.
This information is meant to be a general summary of Retirement Enhancement & Benefit Alternative Iii 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 2024.
- Investment Income: $1,729
- Program Service Revenue: $43,493
- Gross Receipts: $45,222
Assets and Liabilities:
- Total Assets: $667,553
- Total Liabilities: $0
- Net Assets: $667,553
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTION
Revenue
$43,493
Organization Details
Founding Year
2007
Principal Officer
Voya Institutional Trust
NTEE Category
Code: Y44 - Mutual benefit
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