Overview
What is Voluntary Employees Beneficiary Trust?
Voluntary Employees Beneficiary Trust, associated with Hawaii's teachers union, serves as a nonprofit organization that offers health benefits to its members, employees, and their dependents. The trust employs third-party management in Section A for efficient operation. While specific details about their activities or mission are not provided in the information, their primary focus is on providing health benefits, underscoring their commitment to the well-being of their community.
Official website here: www.hstaveba.org
Is Voluntary Employees Beneficiary Trust legitimate?
Voluntary Employees Beneficiary Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Voluntary Employees Beneficiary 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.
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Official website here: www.hstaveba.org
What is the mission statement of Voluntary Employees Beneficiary Trust?
The Voluntary Employees Beneficiary Trust, serving as a health benefits provider, is committed to supporting its members, employees, and their dependents. It provides this assistance through a third-party management system in Section A, ensuring the well-being of its beneficiaries. The trust's primary objective is to offer health benefits, fostering a sense of security and care within its community.
Official website here: www.hstaveba.org
Who is the CEO of Voluntary Employees Beneficiary Trust?
Roger Takabayashi is the Trustee of Voluntary Employees Beneficiary Trust.
Official website here: www.hstaveba.org
What is the revenue of Voluntary Employees Beneficiary Trust?
Voluntary Employees Beneficiary Trust's revenue in 2022 was $6,723,726.
Official website here: www.hstaveba.org
Who are the executives of Voluntary Employees Beneficiary Trust and what are their salaries?
Here are 8 key members and their salaries:
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Official website here: www.hstaveba.org
Where can I find the form 990 for Voluntary Employees Beneficiary Trust?
Voluntary Employees Beneficiary Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.hstaveba.org
Learn more at the official website: www.hstaveba.org
Mission Statement of Voluntary Employees Beneficiary Trust
Voluntary Employees Beneficiary Trust, often abbreviated as VEBT, serves as a health benefits provider for the members, employees, and dependents of Hawaii's teachers' union. This nonprofit organization takes charge of managing these health benefits, with a focus on Section A. The primary mission of VEBT is to ensure the well-being of its beneficiaries by offering comprehensive health benefits, thereby supporting their overall health and wellness. By providing these benefits, VEBT plays a crucial role in strengthening the health and resilience of the teaching community in Hawaii.
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Impact
October, 2024
The Voluntary Employees Beneficiary Trust (VEBA) significantly impacts the well-being of Hawaii's teachers and their families by providing essential health benefits. As a mechanism established by the state’s teachers union, VEBA ensures that members, employees, and their dependents have access to critical health services. This support fosters a healthier workforce, which can lead to reduced absenteeism, increased morale, and overall improved educational outcomes.
By managing these benefits through a third-party, VEBA can effectively administer health plans, thereby alleviating some of the administrative burdens that might otherwise fall on the union or individual members. This not only streamlines access to care but also helps in maintaining stable healthcare costs for educators in Hawaii.
In essence, VEBA acts as a mutual benefit organization, creating a safety net for education professionals, enhancing their quality of life, and supporting their dedication to teaching. Its role is vital in promoting the health and security of those who devote their careers to educating the next generation.
This information is meant to be a general summary of Voluntary Employees Beneficiary 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: $1,457,320
- Program Service Revenue: $5,219,046
- Gross Receipts: $11,069,911
Assets and Liabilities:
- Total Assets: $23,380,215
- Total Liabilities: $473,482
- Net Assets: $22,906,733
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PARTICIPANT CONTRIBUTIONS
Revenue
$5,219,046
Organization Details
Founding Year
1985
Phone
(808) 440-6943Principal Officer
Roger Takabayashi
Main Address
1259 AALA ST STE 202, honolulu, HI, 96817
Website
www.hstaveba.orgNTEE Category
Code: Y40 - Mutual benefit
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