Overview
What is City Of St Paul Health Reimbursement Arrangement?
The City of St. Paul Health Reimbursement Arrangement is a voluntary employees' beneficiary association, abbreviated as VEBA, established with the purpose of assisting 3317 participants by covering eligible medical expenses under a health reimbursement arrangement during the year 2021. This nonprofit organization, located at 25 West 4th St, Saint Paul, MN 55102, aims to support active and post-retirement employees with their health-related costs. Its mission is to provide a means for reimbursing eligible medical expenses, thereby offering financial assistance during medical treatments.
Is City Of St Paul Health Reimbursement Arrangement legitimate?
City Of St Paul Health Reimbursement Arrangement is a legitimate nonprofit organization registered as a 501(c)(9) entity. City Of St Paul Health Reimbursement Arrangement 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
For more financial information, click here
What is the mission statement of City Of St Paul Health Reimbursement Arrangement?
The City of St Paul Health Reimbursement Arrangement operates as a Voluntary Employees' Beneficiary Association (VEBA). Its primary mission is to fund the reimbursement of eligible medical expenses under a health reimbursement arrangement. This organization aims to support the health needs of approximately 3317 participants during the plan year 2021, providing a means to cover their medical expenses voluntarily.
Who is the CEO of City Of St Paul Health Reimbursement Arrangement?
Hand Benefit Trust Co is the Trustee of City Of St Paul Health Reimbursement Arrangement.
What is the revenue of City Of St Paul Health Reimbursement Arrangement?
City Of St Paul Health Reimbursement Arrangement's revenue in 2022 was $3,228,641.
Who are the executives of City Of St Paul Health Reimbursement Arrangement 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 City Of St Paul Health Reimbursement Arrangement?
City Of St Paul Health Reimbursement Arrangement's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of City Of St Paul Health Reimbursement Arrangement
The City of St. Paul Health Reimbursement Arrangement is a voluntary employees' beneficiary association (VEBA) established with the primary purpose of funding the reimbursement of eligible medical expenses under a health reimbursement arrangement. This nonprofit organization serves the health benefits of 3,317 participants throughout the plan year 2021. The City of St. Paul Health Reimbursement Arrangement provides a financial safety net for its participants, ensuring they have access to necessary medical expenses without undue financial burden. By supporting the reimbursement of eligible medical expenses, this VEBA enhances the overall health and well-being of its members.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
The City Of St Paul Health Reimbursement Arrangement (HRA) plays a significant role in supporting the health and well-being of its participants by providing essential financial assistance for eligible medical expenses. This voluntary employees' beneficiary association (VEBA) is dedicated to facilitating access to healthcare resources for its members, which includes both active and retired individuals.
By establishing a structured funding mechanism for health reimbursements, the HRA alleviates some of the financial burdens associated with healthcare costs, enabling participants to manage their medical expenses more effectively. This not only enhances the quality of care that members can obtain but also promotes better health outcomes across the board, as individuals are more likely to seek necessary medical treatments when financial barriers are reduced.
With a participant base of 3,317 during the plan year 2021, the HRA demonstrates a commitment to mutual benefit, fostering a supportive community where members can rely on one another and the arrangement itself for their health-related financial needs. Overall, the City Of St Paul Health Reimbursement Arrangement is crucial in promoting access to healthcare, improving financial security for participants, and reinforcing the importance of proactive health management in the community.
This information is meant to be a general summary of City Of St Paul Health Reimbursement Arrangement. 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: $42,886
- Program Service Revenue: $3,185,755
- Gross Receipts: $6,297,664
Assets and Liabilities:
- Total Assets: $12,052,180
- Total Liabilities: $0
- Net Assets: $12,052,180
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTIONS
Revenue
$3,185,755
Organization Details
Founding Year
2009
Phone
(651) 266-8894Principal Officer
Hand Benefit Trust Co
Main Address
25 West 4TH St, Saint Paul, MN, 55102
NTEE Category
Code: Y44 - Mutual benefit
If you are a representative of City Of St Paul Health Reimbursement Arrangement and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.