Overview
What is C1 Govcon Solution Veba Trust?
C1 Govcon Solution Veba Trust is a specialized entity designed to manage Health Reimbursement Account (HRA) funds not utilized for insurance premiums within the GovCon Solution benefit plans for hourly employees of government contractors. Its purpose is to offer a structured approach for managing and utilizing these unused funds effectively, ensuring they contribute positively to the employees' overall benefits. The Trust serves as a dedicated vessel for these funds, ensuring their proper allocation and utilization.
Is C1 Govcon Solution Veba Trust legitimate?
C1 Govcon Solution Veba Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. C1 Govcon Solution Veba 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 C1 Govcon Solution Veba Trust?
The mission of C1 Govcon Solution Veba Trust is to establish a system for collecting Health Reimbursement Account (HRA) funds that are not utilized for insurance premiums in the GovCon Solution benefit plans for hourly workers of government contractors. This trust aims to provide a means of managing these unused funds, ensuring they are utilized effectively and beneficially for the eligible workers. The primary objective is to offer a solution that maximizes the value of these funds, enhancing the overall well-being and financial stability of the hourly workers in the GovCon Solution benefit plans.
Who is the CEO of C1 Govcon Solution Veba Trust?
William C Spurlin is the Trustee of C1 Govcon Solution Veba Trust.
What is the revenue of C1 Govcon Solution Veba Trust?
C1 Govcon Solution Veba Trust's revenue in 2021 was $322,962.
Who are the executives of C1 Govcon Solution Veba Trust and what are their salaries?
There is 1 key member and their salary:
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for C1 Govcon Solution Veba Trust?
C1 Govcon Solution Veba Trust's most recent form 990 was submitted in 2021 and can be accessed here.
Mission Statement of C1 Govcon Solution Veba Trust
C1 Govcon Solution Veba Trust is an entity established with the primary mission of providing a mechanism to accumulate Health Reimbursement Account (HRA) funds that are not allocated towards insurance premiums for benefit plans designed for hourly workers employed by government contractors. The trust aims to capture these unused HRA funds, thereby ensuring that these funds are utilized effectively and efficiently for the welfare of these hourly workers. This mission is crucial as it provides a viable solution to manage and make the most of these funds, ultimately benefiting the hourly workers under the GovCon Solution benefit plans.
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Impact
October, 2024
C1 Govcon Solution Veba Trust provides a critical mechanism for managing Health Reimbursement Arrangement (HRA) funds that are not designated for insurance premiums. By capturing these unallocated funds, the trust enhances the financial stability of benefit plans specifically tailored for hourly workers of government contractors. This approach not only maximizes the utilization of available resources but also ensures that these workers have access to essential healthcare benefits.
The impact of this trust is substantial, as it directly supports the well-being of employees who may otherwise face financial barriers to healthcare. By creating a dedicated vehicle for these funds, it empowers workers by improving their access to necessary health services without the burden of excessive costs. Additionally, it fosters a more sustainable model for employee benefits within the government contracting sector, ultimately contributing to a more resilient workforce.
This information is meant to be a general summary of C1 Govcon Solution Veba 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 2021.
- Program Service Revenue: $322,962
- Gross Receipts: $322,962
Assets and Liabilities:
- Total Assets: $851,025
- Total Liabilities: $0
- Net Assets: $851,025
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROVISION OF EMPLOYEE
Revenue
$322,962
Organization Details
Founding Year
2009
Phone
(407) 877-4008Principal Officer
William C Spurlin
Main Address
63 INTERLAKEN RD, ORLANDO, FL, 32804
NTEE Category
Code: Y43 - Mutual benefit
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