Overview
What is Wayzata Schools Isd 284 Veba 1050000479?
Wayzata Schools Isd 284 Veba 1050000479 is a nonprofit organization, specifically a trust, established with the mission to provide qualified health and welfare benefits to its active and former employees through a Health Reimbursement Arrangement (HRA). The trust ensures that all expenses incurred are utilized in accordance with its set mission, and it operates within the regulations set by Section 501(C)(9) of the Internal Revenue Code. The trust's primary goal is to provide health reimbursement benefits to its employees, thereby contributing to their overall well-being.
Is Wayzata Schools Isd 284 Veba 1050000479 legitimate?
Wayzata Schools Isd 284 Veba 1050000479 is a legitimate nonprofit organization registered as a 501(c)(9) entity. Wayzata Schools Isd 284 Veba 1050000479 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 Wayzata Schools Isd 284 Veba 1050000479?
The entity named Wayzata Schools Isd 284 Veba 1050000479 has established a trust with a mission to provide qualified health and welfare benefits to its active and former employees. This is achieved through a Health Reimbursement Arrangement (HRA), as outlined in a related plan. The primary goal is to offer payment for eligible health-related expenses, in accordance with Section 501(C)(9) of the Internal Revenue Code. All expenses incurred are applied in line with this mission, serving both active and former employees, and contributing to the administration costs of the plan.
What is the revenue of Wayzata Schools Isd 284 Veba 1050000479?
Wayzata Schools Isd 284 Veba 1050000479's revenue in 2023 was $1,915,126.
Who are the executives of Wayzata Schools Isd 284 Veba 1050000479 and what are their salaries?
There is 1 key member and their salary:
- Compensation: $0
- Related: $0
- Other: $2,345
Where can I find the form 990 for Wayzata Schools Isd 284 Veba 1050000479?
Wayzata Schools Isd 284 Veba 1050000479's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Wayzata Schools Isd 284 Veba 1050000479
Wayzata Schools Isd 284 Veba 1050000479, established with the purpose of providing qualified health and welfare benefits, operates a Health Reimbursement Arrangement (HRA) for its active and former employees. The primary mission of this trust is to extend health reimbursement benefits to its employees as outlined in the associated plan. By doing so, the trust aims to cover the health-related expenses of its employees, in line with the provisions of Section 501(C)(9) of the Internal Revenue Code. The operations of Wayzata Schools Isd 284 Veba 1050000479 have been structured to ensure that all incurred expenses align with its mission, providing the necessary health benefits to its employees and defraying the costs associated with administering the plan.
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Impact
October, 2024
Wayzata Schools ISD 284 VEBA 1050000479 plays a crucial role in enhancing the health and welfare of active and former employees by offering qualified health reimbursement benefits. This initiative helps to alleviate the financial burden associated with healthcare costs, ensuring that employees can access necessary medical services without significant out-of-pocket expenses. By providing a structured Health Reimbursement Arrangement (HRA), the organization ensures that expenses incurred by employees are managed in alignment with their mission.
This support not only improves the quality of life for employees and retirees but also fosters a sense of security and well-being within the community. The trust operates under guidelines set forth by the Internal Revenue Code, which underscores its commitment to providing valuable health benefits. In doing so, it contributes to a healthier workforce, ultimately benefiting the educational environment as a whole.
This information is meant to be a general summary of Wayzata Schools Isd 284 Veba 1050000479. 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 2023.
- Investment Income: $223,660
- Program Service Revenue: $1,691,466
- Gross Receipts: $1,915,126
Assets and Liabilities:
- Total Assets: $4,487,318
- Total Liabilities: $1,032
- Net Assets: $4,486,286
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTIONS
Revenue
$1,691,466
Organization Details
Founding Year
2005
Principal Officer
Steve R Sherman
NTEE Category
Code: Y43 - Mutual benefit
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