Griffith School Corporation Health Savings Trust

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

EIN: 261248000 ✦ Griffith, IN ✦ Designated as a 501(c)(9)

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Overview

What is Griffith School Corporation Health Savings Trust?

Griffith School Corporation Health Savings Trust is a nonprofit organization located at 600 N Raymond St, Griffith, IN 46319. Its primary mission is to fund the reimbursement of medical expenses under a Health Reimbursement Arrangement. The Trust had approximately 51 participants who utilized medical care, amounting to $167,921. This organization plays a significant role in providing financial assistance for medical expenses, ensuring that the participants can afford necessary healthcare services.

Is Griffith School Corporation Health Savings Trust legitimate?

Griffith School Corporation Health Savings Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Griffith School Corporation Health Savings 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 Griffith School Corporation Health Savings Trust?

The Griffith School Corporation Health Savings Trust's primary objective is to fund the reimbursement of medical expenses for its participants under a Health Reimbursement Arrangement. This organization provides financial assistance to its approximately 51 participants, covering medical costs amounting to $167,921. By doing so, the Trust aims to support its members in managing their healthcare-related expenses, thereby enhancing their overall wellbeing. It should be noted that the Trust's mission is solely focused on this financial assistance aspect, and it does not involve direct medical care provision or any other additional services.

Who is the CEO of Griffith School Corporation Health Savings Trust?

Charles Schwab Bank is the Principal Officer of Griffith School Corporation Health Savings Trust.

What is the revenue of Griffith School Corporation Health Savings Trust?

Griffith School Corporation Health Savings Trust's revenue in 2023 was $270,409.

Who are the executives of Griffith School Corporation Health Savings Trust and what are their salaries?


There is 1 key member and their salary:


Charles Schwab Bank (Trustee)
  • Compensation: $1,385
  • Related: $0
  • Other: $0
Where can I find the form 990 for Griffith School Corporation Health Savings Trust?

Griffith School Corporation Health Savings Trust's most recent form 990 was submitted in 2023 and can be accessed here.

Mission Statement of Griffith School Corporation Health Savings Trust

Griffith School Corporation Health Savings Trust is an organization dedicated to funding medical expenses under a Health Reimbursement Arrangement. Their primary mission is to provide financial support for the medical needs of their participants, ensuring they can access necessary healthcare services without undue financial burden. Approximately 51 individuals took advantage of this arrangement, incurring medical expenses totaling $167,921. This support is instrumental in ensuring that participants can maintain their health and well-being, without the added stress of managing substantial medical expenses.

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Impact




October, 2024

Griffith School Corporation Health Savings Trust significantly impacts the community by providing financial assistance for medical expenses through its Health Reimbursement Arrangement (HRA). With approximately 51 participants benefiting from the program, the Trust has reimbursed a total of $167,921 in medical care. This support enables individuals and families to manage healthcare costs more effectively, ensuring access to necessary medical services. By alleviating the financial burden associated with healthcare, the Trust enhances the well-being of participants and promotes a healthier community in Griffith, Indiana.




This information is meant to be a general summary of Griffith School Corporation Health Savings 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
$270,409 (2023)
Expenses
$187,839 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $67,944
  • Program Service Revenue: $202,465
  • Gross Receipts: $463,807

Assets and Liabilities:

  • Total Assets: $2,479,193
  • Total Liabilities: $0
  • Net Assets: $2,479,193

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Programs

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

EMPLOYER CONTRIBUTION

Revenue

$202,465

Organization Details

Founding Year

2006

Principal Officer

Charles Schwab Bank

Main Address

600 N RAYMOND ST, GRIFFITH, IN, 463192041

NTEE Category

Code: Y44 - Mutual benefit

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