Overview
What is Educators Benefit Consultants Health Reimbursement Arrangement?
Educators Benefit Consultants Health Reimbursement Arrangement is a nonprofit initiative based in Cambridge, Minnesota. Its primary function involves managing a trust account that reimburses eligible healthcare expenses incurred by public school district employees. This trust serves as a Health Reimbursement Arrangement, as outlined in various revenue rulings and notices. The aim of this arrangement is to provide financial assistance to school district employees for their qualifying medical costs, thereby alleviating some of their healthcare-related financial burdens.
Is Educators Benefit Consultants Health Reimbursement Arrangement legitimate?
Educators Benefit Consultants Health Reimbursement Arrangement is a legitimate nonprofit organization registered as a 501(c)(9) entity. Educators Benefit Consultants 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 Educators Benefit Consultants Health Reimbursement Arrangement?
The mission of Educators Benefit Consultants Health Reimbursement Arrangement is centered around utilizing funds in a trust account to reimburse eligible health care expenses for public school district employees. This arrangement adheres to the guidelines outlined in various revenue rulings and notices, including 2002-41, 2006-36, Notice 2002-45, and 2013-54. The primary objective is to provide reimbursements for qualified medical expenses incurred by participating employees. This arrangement serves as a financial aid mechanism, helping public school district employees manage their health-related expenses.
Who is the CEO of Educators Benefit Consultants Health Reimbursement Arrangement?
Kent D Schutte is the Administrato of Educators Benefit Consultants Health Reimbursement Arrangement.
What is the revenue of Educators Benefit Consultants Health Reimbursement Arrangement?
Educators Benefit Consultants Health Reimbursement Arrangement's revenue in 2022 was $5,055,441.
Who are the executives of Educators Benefit Consultants Health Reimbursement Arrangement and what are their salaries?
Here are 2 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Educators Benefit Consultants Health Reimbursement Arrangement?
Educators Benefit Consultants Health Reimbursement Arrangement's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Educators Benefit Consultants Health Reimbursement Arrangement
Educators Benefit Consultants Health Reimbursement Arrangement serves a specific purpose by funding the reimbursement of qualified medical expenses for public school district employees. This trust operates in accordance with various revenue rulings and notices, including 2002-41, 2006-36, Notice 2002-45, and 2013-54. The primary mission of this arrangement is to provide reimbursements for eligible healthcare expenses incurred by these employees. By doing so, it contributes to the overall well-being and financial security of the school district staff, ensuring they have access to necessary medical care.
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
Educators Benefit Consultants Health Reimbursement Arrangement (HRA) plays a crucial role in supporting public school district employees by alleviating the financial burden of qualified medical expenses. The funds allocated within the HRA allow for reimbursements to employees who have incurred eligible healthcare costs, thus enhancing their overall financial well-being and allowing them to focus on their educational roles without the stress of medical expenses.
By providing this safety net, the HRA not only enhances job satisfaction among educators but also contributes to the retention of quality staff within school districts. This support fosters a healthier workforce, which can lead to improved productivity and morale among employees. Furthermore, by ensuring that educators can access necessary healthcare services without significant out-of-pocket costs, the HRA promotes greater participation in preventive care and wellness programs.
Overall, the Educators Benefit Consultants HRA serves as an essential resource for public school district employees, reinforcing their financial stability and promoting their health and well-being in the demanding field of education.
This information is meant to be a general summary of Educators Benefit Consultants 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: -$193,192
- Program Service Revenue: $5,248,633
- Gross Receipts: $5,055,441
Assets and Liabilities:
- Total Assets: $27,173,839
- Total Liabilities: $0
- Net Assets: $27,173,839
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
$5,248,633
Organization Details
Founding Year
2006
Phone
(888) 507-6053Principal Officer
Kent D Schutte
Main Address
1995 E RUM RIVER DR S, CAMBRIDGE, MN, 55008
NTEE Category
Code: Y430 - Mutual benefit
If you are a representative of Educators Benefit Consultants 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.