Overview
What is City Of Bloomington Welfare Benefit Plan Trust?
The City of Bloomington Welfare Benefit Plan Trust is a nonprofit organization situated in Bloomington, Minnesota. Their primary mission is to finance the reimbursement of medical expenses under a Health Reimbursement Arrangement. This arrangement supports participants who received medical care, as evidenced by a total of 365,501 spent in this area. The trust's activities are focused on funding this reimbursement program.
Is City Of Bloomington Welfare Benefit Plan Trust legitimate?
City Of Bloomington Welfare Benefit Plan Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. City Of Bloomington Welfare Benefit Plan 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 City Of Bloomington Welfare Benefit Plan Trust?
The City of Bloomington Welfare Benefit Plan Trust's mission is centered around funding medical expense reimbursements under a Health Reimbursement Arrangement. By doing so, the organization aims to provide financial assistance to individuals who have incurred medical expenses. The trust's activities are primarily focused on reimbursing the medical costs of its participants, totaling 365,501 in medical care. This initiative serves to alleviate some of the financial burden associated with healthcare expenses.
Who is the CEO of City Of Bloomington Welfare Benefit Plan Trust?
Matrix Trust Company is the Trustee of City Of Bloomington Welfare Benefit Plan Trust.
What is the revenue of City Of Bloomington Welfare Benefit Plan Trust?
City Of Bloomington Welfare Benefit Plan Trust's revenue in 2022 was $195,573.
Who are the executives of City Of Bloomington Welfare Benefit Plan 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 City Of Bloomington Welfare Benefit Plan Trust?
City Of Bloomington Welfare Benefit Plan Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of City Of Bloomington Welfare Benefit Plan Trust
The City of Bloomington Welfare Benefit Plan Trust, as an organization, is dedicated to funding the reimbursement of medical expenses under a Health Reimbursement Arrangement. This mission involves providing financial assistance to individuals who have incurred medical costs. By doing so, the Trust aims to alleviate some of the financial burden associated with healthcare expenses for its participants. This mission is crucial in ensuring that individuals have access to necessary medical care without undue financial strain.
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Impact
October, 2024
The City of Bloomington Welfare Benefit Plan Trust significantly impacts the community by providing financial assistance for medical expenses through its Health Reimbursement Arrangement. This initiative supports participants in managing healthcare costs, allowing them to access necessary medical care without the burden of financial strain. In the recent period, the plan facilitated reimbursements totaling $365,501, illustrating its vital role in enhancing the wellbeing of individuals within the Bloomington area. By alleviating the financial pressure associated with medical expenses, the trust promotes healthier outcomes for residents, contributing to a stronger and more resilient community.
This information is meant to be a general summary of City Of Bloomington Welfare Benefit Plan 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: $9,259
- Program Service Revenue: $186,314
- Gross Receipts: $195,573
Assets and Liabilities:
- Total Assets: $0
- Total Liabilities: $0
- Net Assets: $0
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTION
Revenue
$186,314
Organization Details
Phone
(952) 563-4899Principal Officer
Matrix Trust Company
Main Address
1800 WEST OLD SHAKOPEE ROAD, BLOOMINGTON, MN, 55431
NTEE Category
Code: Y40 - Mutual benefit
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