Overview
What is Southwest School Corporation Veba Health Savings Trust?
Southwest School Corporation Veba Health Savings Trust is a nonprofit organization located in Sullivan, Indiana. Its primary focus is to manage a Health Reimbursement Arrangement, providing funds to cover medical expenses for around 59 participants. This arrangement, as per the information provided, has supported medical care expenses totaling approximately $358,907. The organization's primary mission is to support the reimbursement of medical costs, ensuring financial assistance for necessary healthcare services.
Is Southwest School Corporation Veba Health Savings Trust legitimate?
Southwest School Corporation Veba Health Savings Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Southwest School Corporation 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 Southwest School Corporation Veba Health Savings Trust?
The Southwest School Corporation Veba Health Savings Trust is established with the purpose of funding medical expense reimbursements under a Health Reimbursement Arrangement. This organization facilitates the reimbursement of medical costs for its approximately 59 participants, who incurred medical expenses totaling $358,907. The primary goal of the trust is to provide financial assistance for medical expenses, ensuring that individuals have the means to access necessary healthcare services.
Who is the CEO of Southwest School Corporation Veba Health Savings Trust?
Principal Trust Company is the Trustee of Southwest School Corporation Veba Health Savings Trust.
What is the revenue of Southwest School Corporation Veba Health Savings Trust?
Southwest School Corporation Veba Health Savings Trust's revenue in 2023 was $361,316.
Who are the executives of Southwest School Corporation Veba Health Savings Trust and what are their salaries?
There is 1 key member and their salary:
- Compensation: $3,866
- Related: $0
- Other: $0
Where can I find the form 990 for Southwest School Corporation Veba Health Savings Trust?
Southwest School Corporation Veba Health Savings Trust's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Southwest School Corporation Veba Health Savings Trust
Southwest School Corporation Veba Health Savings Trust, as outlined in the provided information, is an organization dedicated to funding the reimbursement of medical expenses under a Health Reimbursement Arrangement. This mission involves providing financial assistance to its approximately 59 participants who incur medical costs. The trust acts as a financial safety net, ensuring that these individuals can access necessary medical care without facing undue financial burden. The organization's role is to manage and distribute these funds, ultimately contributing to the overall health and well-being of its participants.
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Impact
October, 2024
Southwest School Corporation Veba Health Savings Trust plays a significant role in supporting the health and well-being of its participants by facilitating the reimbursement of medical expenses through its Health Reimbursement Arrangement. With approximately 59 participants benefiting from the program, the Trust has provided a substantial financial impact, disbursing around $358,907 for medical care. This support not only alleviates the financial burden associated with healthcare expenses but also promotes access to necessary medical services, enhancing the overall health outcomes for those involved. By ensuring that participants can effectively manage their healthcare costs, the Trust fosters a healthier community in Sullivan, Indiana.
This information is meant to be a general summary of Southwest School Corporation 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 2023.
- Investment Income: $286,220
- Program Service Revenue: $75,096
- Gross Receipts: $763,795
Assets and Liabilities:
- Total Assets: $5,874,172
- Total Liabilities: $0
- Net Assets: $5,874,172
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTION
Revenue
$75,096
Organization Details
Founding Year
2010
Phone
(812) 268-6311Principal Officer
Principal Trust Company
Main Address
1502 N SECTION STREET, SULLIVAN, IN, 47882
NTEE Category
Code: Y43 - Mutual benefit
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