Overview
What is City Of Olathe Veba Health Savings Trust?
The City of Olathe Veba Health Savings Trust is a nonprofit organization located at 100 East Santa Fe, Olathe, Kansas. They operate as a Voluntary Employees' Beneficiary Association (VEBA), with the primary mission of funding eligible medical expenses through a Health Reimbursement Arrangement. This arrangement serves approximately 1310 participants, providing them with reimbursements totaling $1,131,210 for their medical needs.
Is City Of Olathe Veba Health Savings Trust legitimate?
City Of Olathe Veba Health Savings Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. City Of Olathe Veba 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
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What is the mission statement of City Of Olathe Veba Health Savings Trust?
The City of Olathe Veba Health Savings Trust operates as a voluntary employees' beneficiary association (VEBA), with its primary purpose being to fund the reimbursement of eligible medical expenses under a health reimbursement arrangement. This organization serves approximately 1310 participants, providing them with financial assistance for their eligible medical expenses, totalling $1,131,210. The City of Olathe Veba Health Savings Trust aims to support its members in managing their healthcare costs effectively, ensuring they have access to necessary medical services.
Who is the CEO of City Of Olathe Veba Health Savings Trust?
City Of Olathe is the Principal Officer of City Of Olathe Veba Health Savings Trust.
What is the revenue of City Of Olathe Veba Health Savings Trust?
City Of Olathe Veba Health Savings Trust's revenue in 2022 was -$109,711.
Who are the executives of City Of Olathe Veba Health Savings 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 City Of Olathe Veba Health Savings Trust?
City Of Olathe Veba Health Savings Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of City Of Olathe Veba Health Savings Trust
The City of Olathe Veba Health Savings Trust is a voluntary employees' beneficiary association (VEBA) with a mission to fund the reimbursement of eligible medical expenses under a health reimbursement arrangement. This organization serves as a financial resource for its approximately 1310 participants, providing them with financial assistance for their medical needs. The City of Olathe Veba Health Savings Trust operates a health reimbursement arrangement, a type of employee benefit plan that allows participants to save funds tax-free to pay for eligible medical expenses. The organization's mission is to ensure that its participants have the financial means to cover their healthcare expenses, thereby contributing to their overall well-being.
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Impact
October, 2024
The City of Olathe VEBA Health Savings Trust significantly enhances the financial well-being of its participants by providing a structured means to cover eligible medical expenses through a Health Reimbursement Arrangement (HRA). With approximately 1,310 participants, the Trust has made a substantial impact, reimbursing over $1,131,210 in eligible medical expenses.
This initiative enables members to manage their healthcare costs more effectively, reducing the financial burden associated with medical care. By facilitating access to funds specifically earmarked for health-related expenses, the VEBA supports participants in maintaining their health and well-being while navigating the complexities of the medical system.
Furthermore, the VEBA promotes a communal approach to healthcare coverage, fostering a sense of mutual benefit among its members. This collaborative model not only aids individuals in meeting their healthcare needs but also emphasizes the importance of collective support in addressing the rising costs of medical care. In summary, the City of Olathe VEBA Health Savings Trust plays a crucial role in enhancing healthcare accessibility and affordability for its participants.
This information is meant to be a general summary of City Of Olathe Veba 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: -$1,358,832
- Program Service Revenue: $1,249,121
- Gross Receipts: $2,664,292
Assets and Liabilities:
- Total Assets: $5,726,796
- Total Liabilities: $0
- Net Assets: $5,726,796
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTIONS
Revenue
$1,249,121
Organization Details
Founding Year
2008
Phone
(913) 971-8600Principal Officer
City Of Olathe
Main Address
100 East Santa Fe, Olathe, KS, 66051
NTEE Category
Code: Y43 - Mutual benefit
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