Overview
What is Widener University Inc Veba Health Savings Trust?
Widener University Inc Veba Health Savings Trust is a nonprofit organization situated in Chester, Pennsylvania, with the postal address of ONE UNIVERSITY PLACE. The primary purpose of this organization, as indicated in the provided information, is to fund medical expense reimbursements for its approximately 199 participants through a Health Reimbursement Arrangement (HRA). This HRA serves as a means to cover the participants' medical costs, ensuring financial assistance in the event of healthcare expenses.
Is Widener University Inc Veba Health Savings Trust legitimate?
Widener University Inc Veba Health Savings Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Widener University Inc 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 Widener University Inc Veba Health Savings Trust?
The mission of Widener University Inc's Veba Health Savings Trust is centered around funding reimbursement for medical expenses under a Health Reimbursement Arrangement. This organization serves approximately 199 participants, providing financial assistance for their medical care needs. However, it's important to note that the Trust itself does not directly provide medical care or services, but rather acts as a financial resource to cover eligible medical expenses for its participants.
Who is the CEO of Widener University Inc Veba Health Savings Trust?
Matrix Trust Company is the Trustee of Widener University Inc Veba Health Savings Trust.
What is the revenue of Widener University Inc Veba Health Savings Trust?
Widener University Inc Veba Health Savings Trust's revenue in 2022 was -$41,581.
Who are the executives of Widener University Inc 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 Widener University Inc Veba Health Savings Trust?
Widener University Inc Veba Health Savings Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Widener University Inc Veba Health Savings Trust
Widener University Inc Veba Health Savings Trust is a nonprofit organization committed to funding the reimbursement of medical expenses under a Health Reimbursement Arrangement. This mission enables its approximately 199 participants to receive necessary medical care, as outlined in the health reimbursement arrangement. The organization's primary role is to manage and disburse funds for medical expenses, thereby providing financial assistance to its members during their healthcare needs.
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Impact
October, 2024
Widener University Inc Veba Health Savings Trust plays a crucial role in providing financial support for medical expenses through its health reimbursement arrangement. By facilitating reimbursements for medical care, the Trust assists participants in managing healthcare costs effectively. With approximately 199 participants, it has fostered a collective approach to health benefits, enabling individuals to seek necessary medical services without the burden of high out-of-pocket expenses. This initiative not only enhances the wellbeing of participants but also contributes to overall health management within the community, promoting a more proactive approach to healthcare. The Trust's operations in Chester, PA highlight its commitment to supporting the health needs of its members and ensuring they have access to essential medical care.
This information is meant to be a general summary of Widener University Inc 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: -$41,581
- Gross Receipts: $24,423
Assets and Liabilities:
- Total Assets: $3,062,630
- Total Liabilities: $0
- Net Assets: $3,062,630
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Organization Details
Founding Year
2009
Phone
(610) 499-4151Principal Officer
Matrix Trust Company
Main Address
ONE UNIVERSITY PLACE, CHESTER, PA, 19013
NTEE Category
Code: Y43 - Mutual benefit
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