Overview
What is Minnewaska Area Veba Health Savings Trust?
The Minnewaska Area Veba Health Savings Trust is a nonprofit organization situated in Glenwood, Minnesota. Its primary purpose is to manage a Health Reimbursement Arrangement, a fund designed to cover medical expenses for its approximately 120 participants. This organization plays a vital role in reimbursing medical costs, contributing to the overall healthcare needs of its members. The trust had reportedly allocated a total of $68,303 towards medical care in the given context.
Is Minnewaska Area Veba Health Savings Trust legitimate?
Minnewaska Area Veba Health Savings Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Minnewaska Area 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 Minnewaska Area Veba Health Savings Trust?
The Minnewaska Area Veba Health Savings Trust's primary objective is to fund the reimbursement of medical expenses under a Health Reimbursement Arrangement. This organization serves approximately 120 participants, providing financial assistance for their medical care expenses, totaling approximately $68,303. The Health Reimbursement Arrangement allows participants to cover their healthcare costs, alleviating some of the financial burden associated with medical care. The trust's role is to manage and distribute these funds, ensuring eligible medical expenses are reimbursed to the participants.
Who is the CEO of Minnewaska Area Veba Health Savings Trust?
Matrix Trust Company is the Trustee of Minnewaska Area Veba Health Savings Trust.
What is the revenue of Minnewaska Area Veba Health Savings Trust?
Minnewaska Area Veba Health Savings Trust's revenue in 2020 was $94,581.
Who are the executives of Minnewaska Area 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 Minnewaska Area Veba Health Savings Trust?
Minnewaska Area Veba Health Savings Trust's most recent form 990 was submitted in 2020 and can be accessed here.
Mission Statement of Minnewaska Area Veba Health Savings Trust
Minnewaska Area Veba Health Savings Trust is an organization dedicated to funding medical expenses under a Health Reimbursement Arrangement. This nonprofit plays a vital role in supporting its approximately 120 participants by reimbursing their medical expenses. In the previous year, this trust facilitated the reimbursement of medical care amounting to $68,303. By providing this financial assistance, Minnewaska Area Veba Health Savings Trust contributes to the wellbeing of its participants by alleviating the financial burden associated with medical expenses. This initiative allows individuals to focus on their health recovery without being overwhelmed by the financial aspects of their treatment.
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Impact
October, 2024
Minnewaska Area Veba Health Savings Trust plays a significant role in supporting individuals' healthcare needs by funding reimbursement for medical expenses through a Health Reimbursement Arrangement (HRA). With approximately 120 participants benefiting from this initiative, the trust has facilitated substantial financial assistance, with a total of $68,303 allocated for medical care. This impact not only alleviates the financial burden associated with healthcare costs for participants but also enhances their ability to access necessary medical services, promoting overall health and well-being within the community of Glenwood, MN. By focusing on mutual benefit, the trust fosters a supportive environment where healthcare expenses are less of a barrier for its participants.
This information is meant to be a general summary of Minnewaska Area 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 2020.
- Investment Income: $2,308
- Program Service Revenue: $92,273
- Gross Receipts: $94,581
Assets and Liabilities:
- Total Assets: $341,917
- Total Liabilities: $0
- Net Assets: $341,917
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTION
Revenue
$92,273
Organization Details
Founding Year
2010
Phone
(320) 239-4820Principal Officer
Matrix Trust Company
Main Address
25122 STATE HIGHWAY 28, GLENWOOD, MN, 56334
NTEE Category
Code: Y43 - Mutual benefit
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