Overview
What is Promed Molded Products Veba Health Savings Account?
Promed Molded Products Veba Health Savings Account is a nonprofit organization, specifically designed to fund medical expenses under a Health Reimbursement Arrangement. Based on the provided information, it is clear that this account had over 400 active participants who received medical care, amounting to $201,813. The primary mission of this account is to provide reimbursement for eligible medical expenses, contributing to the overall health and well-being of its participants. The account is located in Plymouth, Minnesota, with the specific address provided.
Is Promed Molded Products Veba Health Savings Account legitimate?
Promed Molded Products Veba Health Savings Account is a legitimate nonprofit organization registered as a 501(c)(9) entity. Promed Molded Products Veba Health Savings Account 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 Promed Molded Products Veba Health Savings Account?
The mission of Promed Molded Products Veba Health Savings Account is centered around funding benefits under a Health Reimbursement Arrangement. This organization aims to provide financial assistance for the reimbursement of medical expenses incurred by its participants. The Health Reimbursement Arrangement, funded by the organization, had over 400 active participants who received medical care, totaling approximately $201,813. In essence, the account's primary objective is to support individuals in managing their medical expenses by providing reimbursement benefits.
Who is the CEO of Promed Molded Products Veba Health Savings Account?
Bpas is the Principal Officer of Promed Molded Products Veba Health Savings Account.
What is the revenue of Promed Molded Products Veba Health Savings Account?
Promed Molded Products Veba Health Savings Account's revenue in 2022 was $103,704.
Who are the executives of Promed Molded Products Veba Health Savings Account 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 Promed Molded Products Veba Health Savings Account?
Promed Molded Products Veba Health Savings Account's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Promed Molded Products Veba Health Savings Account
Promed Molded Products Veba Health Savings Account is committed to funding the reimbursement of medical expenses under a Health Reimbursement Arrangement. In simpler terms, this organization provides financial assistance for medical expenses covered by this type of arrangement. With over 400 active participants, the account successfully reimbursed medical expenses amounting to $201,813. By doing so, Promed Molded Products Veba Health Savings Account plays an essential role in supporting individuals in managing their healthcare costs, thereby promoting accessibility and affordability of necessary medical services.
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Impact
October, 2024
Promed Molded Products Veba Health Savings Account plays a significant role in supporting the healthcare needs of its participants by providing financial assistance for medical expenses. With over 400 active participants, the program has facilitated the reimbursement of medical costs totaling $201,813, thereby alleviating the financial burden associated with healthcare. This initiative enhances the well-being of individuals by ensuring they have access to necessary medical care without facing overwhelming out-of-pocket expenses. Additionally, it underscores a commitment to health and wellness within the community it serves, reflecting a mutual benefit approach that promotes the overall health of participants.
This information is meant to be a general summary of Promed Molded Products Veba Health Savings Account. 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: -$105,696
- Program Service Revenue: $209,400
- Gross Receipts: $260,351
Assets and Liabilities:
- Total Assets: $1,140,871
- Total Liabilities: $0
- Net Assets: $1,140,871
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTION
Revenue
$209,400
Organization Details
Founding Year
2005
Phone
(763) 577-4149Principal Officer
Bpas
Main Address
15600 MEDINA ROAD, PLYMOUTH, MN, 554471466
NTEE Category
Code: Y33 - Mutual benefit
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