Overview
What is American Federation Of Teachers Veba Health Savings Trust?
The American Federation of Teachers Veba Health Savings Trust is a nonprofit organization situated in Washington D.C., specifically at 555 New Jersey Avenue NW. Its primary objective is to finance the reimbursement of medical expenses under a Health Reimbursement Arrangement. This trust served around 365 participants who received medical care, amounting to approximately $337,918. While the description provided is quite specific, it does not provide enough information to elaborate further on the organization's activities, reach, or impact beyond its mission and financial aspects.
Is American Federation Of Teachers Veba Health Savings Trust legitimate?
American Federation Of Teachers Veba Health Savings Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. American Federation Of Teachers 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 American Federation Of Teachers Veba Health Savings Trust?
The American Federation of Teachers Veba Health Savings Trust is dedicated to funding the reimbursement of medical expenses under a Health Reimbursement Arrangement. This organization facilitates the reimbursement process for eligible medical expenses for approximately 365 participants, totaling an amount of approximately $337,918 in medical care. The primary objective of the trust is to provide financial support for medical expenses, ensuring that individuals have access to necessary healthcare services.
Who is the CEO of American Federation Of Teachers Veba Health Savings Trust?
Matrix Trust Company is the Trustee of American Federation Of Teachers Veba Health Savings Trust.
What is the revenue of American Federation Of Teachers Veba Health Savings Trust?
American Federation Of Teachers Veba Health Savings Trust's revenue in 2022 was $190,974.
Who are the executives of American Federation Of Teachers 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 American Federation Of Teachers Veba Health Savings Trust?
American Federation Of Teachers Veba Health Savings Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of American Federation Of Teachers Veba Health Savings Trust
The American Federation of Teachers Veba Health Savings Trust is an organization dedicated to funding medical expense reimbursements under a Health Reimbursement Arrangement. Its primary mission is to provide financial assistance for medical costs incurred by its approximately 365 participants. This nonprofit organization facilitates the reimbursement of medical expenses, totaling $337,918, for those enrolled in its Health Reimbursement Arrangement. By offering this service, the American Federation of Teachers Veba Health Savings Trust aims to alleviate some of the financial burden associated with medical care, ensuring that its participants have access to necessary healthcare services.
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Impact
October, 2024
The American Federation of Teachers Veba Health Savings Trust plays a crucial role in facilitating access to healthcare for its participants by funding the reimbursement of medical expenses through a health reimbursement arrangement (HRA). With approximately 365 participants, the Trust has significantly impacted the financial well-being of individuals enrolled in the program, covering medical care expenses totaling $337,918. This support alleviates the burden of healthcare costs, promotes health equity, and empowers individuals to seek necessary medical care without the deterrent of high out-of-pocket expenses. By fostering a system where medical expenses are reimbursed, the Trust not only enhances the overall health of its members but also contributes to the sustainability of healthcare access within the community it serves in Washington, DC.
This information is meant to be a general summary of American Federation Of Teachers 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: $72,235
- Program Service Revenue: $118,739
- Gross Receipts: $190,974
Assets and Liabilities:
- Total Assets: $2,561,239
- Total Liabilities: $0
- Net Assets: $2,561,239
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTION
Revenue
$118,739
Organization Details
Founding Year
2010
Phone
(202) 585-4381Principal Officer
Matrix Trust Company
Main Address
555 NEW JERSEY AVENUE NW, WASHINGTON, DC, 20001
NTEE Category
Code: Y43 - Mutual benefit
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