Overview
What is Village Of Downers Grove Veba Health Savings Trust?
The Village of Downers Grove Veba Health Savings Trust is a nonprofit organization situated in Downers Grove, Illinois, specifically at 801 Burlington Ave. Its primary function is to manage a Health Reimbursement Arrangement (HRA), providing funds for the reimbursement of medical expenses. In the previous year, the HRA benefited approximately 379 participants, covering medical expenses totaling $275,098. The organization's mission revolves around facilitating the reimbursement of medical costs, ensuring that its participants have access to necessary healthcare services.
Is Village Of Downers Grove Veba Health Savings Trust legitimate?
Village Of Downers Grove Veba Health Savings Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Village Of Downers Grove 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 Village Of Downers Grove Veba Health Savings Trust?
The Village of Downers Grove Veba Health Savings Trust's primary function is to fund the reimbursement of medical expenses under a Health Reimbursement Arrangement. This organization serves approximately 379 participants, providing financial assistance for their medical care expenses, totaling approximately $275,098. The trust's role primarily revolves around managing and disbursing funds for medical expenses under this arrangement, ensuring financial support for those in need.
Who is the CEO of Village Of Downers Grove Veba Health Savings Trust?
Voya Institutional Trust is the Principal Officer of Village Of Downers Grove Veba Health Savings Trust.
What is the revenue of Village Of Downers Grove Veba Health Savings Trust?
Village Of Downers Grove Veba Health Savings Trust's revenue in 2021 was $385,625.
Who are the executives of Village Of Downers Grove 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 Village Of Downers Grove Veba Health Savings Trust?
Village Of Downers Grove Veba Health Savings Trust's most recent form 990 was submitted in 2021 and can be accessed here.
Mission Statement of Village Of Downers Grove Veba Health Savings Trust
The Village of Downers Grove Veba Health Savings Trust is an organization dedicated to funding medical expenses under a Health Reimbursement Arrangement. Its mission involves providing financial assistance to cover medical costs for its approximately 379 participants. This nonprofit facilitates reimbursements for medical care, as indicated by the $275,098 worth of medical services received by its members. In essence, the Village of Downers Grove Veba Health Savings Trust serves as a financial safety net for individuals seeking to manage their healthcare expenses.
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Impact
October, 2024
The Village Of Downers Grove VEBA Health Savings Trust significantly impacts the community by providing vital financial resources that support the reimbursement of medical expenses for participants through a Health Reimbursement Arrangement (HRA). With approximately 379 participants, the Trust facilitated the reimbursement of $275,098 in medical care costs. This financial support not only alleviates the burden of healthcare expenses for individuals but also promotes overall health and well-being within the Downers Grove community. By ensuring that participants have access to necessary medical services, the Trust plays a crucial role in enhancing the quality of life for its members and fostering a healthier environment for all.
This information is meant to be a general summary of Village Of Downers Grove 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 2021.
- Investment Income: $39,078
- Program Service Revenue: $346,547
- Gross Receipts: $385,625
Assets and Liabilities:
- Total Assets: $2,043,589
- Total Liabilities: $0
- Net Assets: $2,043,589
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTION
Revenue
$346,547
Organization Details
Founding Year
2005
Phone
(630) 434-5500Principal Officer
Voya Institutional Trust
Main Address
801 BURLINGTON AVE, DOWNERS GROVE, IL, 60515
NTEE Category
Code: Y44 - Mutual benefit
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