Overview
What is Washoe County School District Opeb Trust?
The Washoe County School District OPEB Trust is a tax-exempt organization, established to cater to the health and welfare needs of retirees from the Washoe County School District. Its primary function involves providing health insurance coverage, contributions to retirement benefits programs, and additional benefits such as life, dental, and vision insurance. The trust fund receives contributions from the school district and manages these funds to cover these benefits for eligible retirees. Furthermore, the trust also covers administrative expenses related to maintaining the fund.
Official website here: www.washoeschools.net
Is Washoe County School District Opeb Trust legitimate?
Washoe County School District Opeb Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Washoe County School District Opeb 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
Official website here: www.washoeschools.net
What is the mission statement of Washoe County School District Opeb Trust?
The Washoe County School District Opeb Trust was established with the mission to serve as a tax-exempt funding vehicle, providing Health and Welfare benefits to retirees of the Washoe County School District. This includes offering health insurance coverage, contributions to the Nevada Public Employees Benefits Program for retirees, life insurance coverage, dental benefit coverage, and vision benefit coverage. The trust fund, to which Washoe County School District contributes, is responsible for making payments for these benefits to eligible retirees of the district. Furthermore, the trust fund assets can be utilized to cover the administrative expenses associated with maintaining the trust fund.
Official website here: www.washoeschools.net
What is the revenue of Washoe County School District Opeb Trust?
Washoe County School District Opeb Trust's revenue in 2024 was $20,652,167.
Official website here: www.washoeschools.net
Who are the executives of Washoe County School District Opeb Trust and what are their salaries?
There 3 volunteers at Washoe County School District Opeb Trust.
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $180,168
- Other: $68,332
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.washoeschools.net
Where can I find the form 990 for Washoe County School District Opeb Trust?
Washoe County School District Opeb Trust's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.washoeschools.net
Learn more at the official website: www.washoeschools.net
Mission Statement of Washoe County School District Opeb Trust
The Washoe County School District OPEB Trust, established with the purpose of serving as a tax-exempt funding vehicle, is dedicated to providing health and welfare benefits to retirees of the Washoe County School District. This noble organization offers a range of benefits designed to support the well-being of its beneficiaries, including health insurance coverage, contributions to the Nevada Public Employees Benefits Program for retirees, life insurance coverage, dental benefit coverage, and vision benefit coverage. The Trust Fund, funded by contributions from Washoe County School District, is responsible for making payments for these benefits to the eligible retirees of the district. Furthermore, the Trust Fund's assets can also be utilized to cover the administrative expenses associated with maintaining the Trust Fund.
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Impact
October, 2024
The Washoe County School District OPEB Trust plays a crucial role in supporting the health and welfare of retirees from the Washoe County School District. By establishing a tax-exempt funding vehicle, it ensures that retirees have access to essential health benefits, including health insurance coverage, dental care, vision care, and life insurance.
This trust not only facilitates contributions from the Washoe County School District to support these benefits but also directly manages the distribution of funds to eligible retirees, alleviating financial burdens during retirement. Its comprehensive approach to providing health benefits enhances the overall well-being of former employees, ensuring they can maintain their health and quality of life after their years of service in education.
Additionally, the trust can also cover administrative expenses related to its operation, ensuring that the program runs smoothly and efficiently. Thus, the Washoe County School District OPEB Trust positively impacts the community by prioritizing the welfare of its retired educators and their families.
This information is meant to be a general summary of Washoe County School District Opeb 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: $2,136,287
- Program Service Revenue: $10,840,780
- Gross Receipts: $20,652,167
Assets and Liabilities:
- Total Assets: $75,628,992
- Total Liabilities: $10,768
- Net Assets: $75,618,224
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RETIREE CONTRIBUTIONS
Revenue
$6,045,070
EMPLOYER CONTRIBUTIONS
Revenue
$4,795,710
Organization Details
Founding Year
2007
Principal Officer
Mark Mathers
Website
www.washoeschools.netNTEE Category
Code: Y43 - Mutual benefit
If you are a representative of Washoe County School District Opeb Trust and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.