Overview
What is Chmc Anesthesia Foundation Inc Retiree Medical Benefit Trust?
Chmc Anesthesia Foundation Inc Retiree Medical Benefit Trust is a nonprofit organization situated in Boston, Massachusetts. This entity operates as a tax-exempt employee benefit trust, primarily focusing on providing medical benefits to its participants, their spouses, and dependent children. The employer, Chmc Anesthesia Foundation, Inc., does not charge for its donated services. The retiree medical plan, categorized as a welfare plan under ERISA, is entirely funded by the employer. The benefits cover qualifying medical expenses as per IRC Sections 213(d), which are not reimbursed from other sources.
Is Chmc Anesthesia Foundation Inc Retiree Medical Benefit Trust legitimate?
Chmc Anesthesia Foundation Inc Retiree Medical Benefit Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Chmc Anesthesia Foundation Inc Retiree Medical Benefit 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 Chmc Anesthesia Foundation Inc Retiree Medical Benefit Trust?
The Chmc Anesthesia Foundation Inc Retiree Medical Benefit Trust is established as a tax-exempt employee benefit trust. Its primary mission is to operate a retiree medical plan, which is a welfare plan as defined by ERISA. This plan is fully funded by the employing entity, CHMC Anesthesia Foundation, Inc. The goal of the plan is to reimburse qualifying medical expenses, as defined in IRC Sections 213(d), incurred by participants, their spouses, and dependent children, whenever such expenses are not covered by other sources. The benefits provided by the trust do not involve any charges for donated services.
Who is the CEO of Chmc Anesthesia Foundation Inc Retiree Medical Benefit Trust?
Joseph Cravero Md is the President of Chmc Anesthesia Foundation Inc Retiree Medical Benefit Trust.
What is the revenue of Chmc Anesthesia Foundation Inc Retiree Medical Benefit Trust?
Chmc Anesthesia Foundation Inc Retiree Medical Benefit Trust's revenue in 2022 was $1,504,344.
Who are the executives of Chmc Anesthesia Foundation Inc Retiree Medical Benefit Trust and what are their salaries?
Here are 6 key members and their salaries:
- Compensation: $0
- Related: $877,782
- Other: $133,885
- Compensation: $0
- Related: $741,931
- Other: $104,519
- Compensation: $0
- Related: $851,016
- Other: $110,097
- Compensation: $0
- Related: $631,898
- Other: $104,519
- Compensation: $0
- Related: $409,121
- Other: $99,348
- Compensation: $0
- Related: $963,749
- Other: $74,560
Where can I find the form 990 for Chmc Anesthesia Foundation Inc Retiree Medical Benefit Trust?
Chmc Anesthesia Foundation Inc Retiree Medical Benefit Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Chmc Anesthesia Foundation Inc Retiree Medical Benefit Trust
The CHMC Anesthesia Foundation Inc Retiree Medical Benefit Trust is a tax-exempt organization dedicated to providing retiree medical benefits. Its mission is centered around operating as an employee benefit trust, specifically a welfare plan as defined by ERISA. This plan, entirely funded by CHMC Anesthesia Foundation Inc, aims to reimburse qualifying medical expenses incurred by participating retirees, their spouses, and dependent children. These expenses are covered under IRC Sections 213(d), and the trust ensures that any costs not reimbursed from other sources are covered by this plan. The foundation does not charge for donated services, ensuring that beneficiaries receive the necessary medical assistance without additional financial burden.
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Impact
October, 2024
Chmc Anesthesia Foundation Inc Retiree Medical Benefit Trust significantly impacts the lives of its participants, spouses, and dependent children by providing financial support for medical expenses. As a tax-exempt employee benefit trust, it plays a crucial role in ensuring that retirees have access to necessary healthcare services without the burden of excessive out-of-pocket costs.
The trust is funded entirely by CHMC Anesthesia Foundation, Inc., which underscores its commitment to supporting its employees even after they have retired. By offering benefits that reimburse qualifying medical expenses defined under IRC Sections 213(d), the trust helps alleviate the financial strain associated with healthcare costs. This ensures that beneficiaries can focus on their health and well-being rather than worrying about the affordability of medical services.
Moreover, since the employer does not charge for donated services, the trust enables the organization to foster a supportive community for its retirees, enhancing overall quality of life and promoting long-term health outcomes. The impact of the trust extends beyond financial assistance; it embodies mutual benefit and collective care, reinforcing the value of supporting those who have dedicated their careers to the organization.
This information is meant to be a general summary of Chmc Anesthesia Foundation Inc Retiree Medical Benefit 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: $1,504,344
- Gross Receipts: $2,804,750
Assets and Liabilities:
- Total Assets: $24,046,764
- Total Liabilities: $0
- Net Assets: $24,046,764
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Organization Details
Founding Year
2006
Phone
(617) 355-7267Principal Officer
Joseph Cravero Md
Main Address
300 Longwood Avenue, Boston, MA, 02115
NTEE Category
Code: Y43 - Mutual benefit
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