City Of Palmdale Retiree Health Reimbursement Arrangement Trust

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

EIN: 272967010 ✦ Palmdale, CA ✦ Designated as a 501(c)(9)

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Overview

What is City Of Palmdale Retiree Health Reimbursement Arrangement Trust?

The City of Palmdale Retiree Health Reimbursement Arrangement Trust is a nonprofit organization situated in Palmdale, California. Its primary mission involves funding reimbursements for medical expenses under a Health Reimbursement Arrangement (HRA). In 20XX, this trust served approximately 11 participants, providing them with medical care reimbursements amounting to $241,871. The trust's operations are limited to funding these medical expense reimbursements, ensuring financial support for eligible retirees in Palmdale.

Is City Of Palmdale Retiree Health Reimbursement Arrangement Trust legitimate?

City Of Palmdale Retiree Health Reimbursement Arrangement Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. City Of Palmdale Retiree Health Reimbursement Arrangement 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 Palmdale Retiree Health Reimbursement Arrangement Trust?

The City of Palmdale Retiree Health Reimbursement Arrangement Trust's primary objective is to fund the reimbursement of medical expenses under a Health Reimbursement Arrangement. This organization provides financial assistance for medical care expenses for approximately 11 participants, totaling an amount of $241,871 in reimbursements. The Trust's mission is centered around supporting the medical needs of its participants by providing financial assistance under the Health Reimbursement Arrangement.

Who is the CEO of City Of Palmdale Retiree Health Reimbursement Arrangement Trust?

Janelle Samson is the Trustee of City Of Palmdale Retiree Health Reimbursement Arrangement Trust.

What is the revenue of City Of Palmdale Retiree Health Reimbursement Arrangement Trust?

City Of Palmdale Retiree Health Reimbursement Arrangement Trust's revenue in 2022 was $242,001.

Who are the executives of City Of Palmdale Retiree Health Reimbursement Arrangement Trust and what are their salaries?


There is 1 key member and their salary:


Charles Schwab Trust Co (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for City Of Palmdale Retiree Health Reimbursement Arrangement Trust?

City Of Palmdale Retiree Health Reimbursement Arrangement Trust's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of City Of Palmdale Retiree Health Reimbursement Arrangement Trust

The City of Palmdale Retiree Health Reimbursement Arrangement Trust is an organization dedicated to funding medical expense reimbursements under a Health Reimbursement Arrangement. This mission is aimed at providing financial support to eligible individuals who have incurred medical expenses. The trust had around 11 participants who benefited from these reimbursements, amounting to a total of $241,871. This funding serves as a vital resource for those requiring medical care, helping to alleviate the financial burden associated with healthcare expenses.

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Impact




October, 2024

The City Of Palmdale Retiree Health Reimbursement Arrangement Trust positively impacts the community by providing essential financial support for medical expenses incurred by retirees. By funding the reimbursement of medical costs, it alleviates the financial burden on approximately 11 participants, who collectively received reimbursements totaling $241,871. This initiative not only aids individuals in managing their healthcare expenses but also promotes the overall well-being of retirees in Palmdale, ensuring they have access to necessary medical care without the added stress of high costs. The trust's mission to support healthcare costs plays a critical role in enhancing the quality of life for its participants, fostering a healthier and more secure community for retirees.




This information is meant to be a general summary of City Of Palmdale Retiree Health Reimbursement Arrangement 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
$242,001 (2022)
Expenses
$241,871 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $135,501
  • Program Service Revenue: $106,500
  • Gross Receipts: $873,686

Assets and Liabilities:

  • Total Assets: $3,747,813
  • Total Liabilities: $0
  • Net Assets: $3,747,813

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Programs

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

EMPLOYER CONTRIBUTIONS

Revenue

$106,500

Organization Details

Founding Year

2009

Principal Officer

Janelle Samson

Main Address

38300 N SIERRA HIGHWAY D, PALMDALE, CA, 93550

NTEE Category

Code: Y44 - Mutual benefit

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