Overview
What is City Of Kent Veba Hra Trust?
The City of Kent Veba HRA Trust is a nonprofit organization situated in Kent, Washington. Specifically located at 220 Fourth Avenue South, this entity serves as a Voluntary Employees' Beneficiary Association (VEBA). Its primary function is to fund a Health Reimbursement Arrangement (HRA), which reimburses eligible medical expenses for up to ten participants during the 2021 plan year. This VEBA aims to provide financial assistance for medical costs, ensuring better healthcare accessibility for the beneficiaries.
Is City Of Kent Veba Hra Trust legitimate?
City Of Kent Veba Hra Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. City Of Kent Veba Hra 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 Kent Veba Hra Trust?
The City of Kent VEBA HRA Trust serves as a Voluntary Employees' Beneficiary Association (VEBA), with a primary objective to fund the reimbursement of eligible medical expenses under a Health Reimbursement Arrangement (HRA). This association aims to support 10 participants throughout the plan year 2021, ensuring they can cover their medical expenses under this arrangement. The City of Kent VEBA HRA Trust acts as a financial resource, facilitating reimbursement for eligible medical expenditures, thereby providing financial assistance to its beneficiaries in managing their healthcare costs.
Who is the CEO of City Of Kent Veba Hra Trust?
Hand Benefit Trust Co is the Trustee of City Of Kent Veba Hra Trust.
What is the revenue of City Of Kent Veba Hra Trust?
City Of Kent Veba Hra Trust's revenue in 2022 was $91,190.
Who are the executives of City Of Kent Veba Hra 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 Kent Veba Hra Trust?
City Of Kent Veba Hra Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of City Of Kent Veba Hra Trust
The City of Kent VEBA HRA Trust is a voluntary employees' beneficiary association with a mission to fund the reimbursement of eligible medical expenses under a health reimbursement arrangement. This organization serves as a financial resource for its participants, providing financial assistance to cover eligible healthcare costs. The City of Kent VEBA HRA Trust operates with a focus on supporting its 10 participants during the 2021 plan year, ensuring they have access to necessary medical expenses without undue financial burden. This voluntary association is committed to making healthcare more affordable and accessible for its members, contributing to their overall well-being.
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Impact
October, 2024
The City of Kent VEBA HRA Trust significantly impacts the community by providing essential financial support for eligible medical expenses to its participants. By funding a health reimbursement arrangement, it enhances the well-being of employees, alleviating the burden of healthcare costs. This program ensures that participants can access necessary healthcare services without overwhelming financial strain, fostering a healthier workforce. The Trust's efforts benefit not just the individuals enrolled but also contribute to a more productive community as employees feel more secure and supported in managing their health needs. Overall, it plays a crucial role in advancing the health and financial stability of its participants in Kent, WA.
This information is meant to be a general summary of City Of Kent Veba Hra 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: -$10
- Program Service Revenue: $91,200
- Gross Receipts: $139,114
Assets and Liabilities:
- Total Assets: $78,795
- Total Liabilities: $0
- Net Assets: $78,795
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIB
Revenue
$91,200
Organization Details
Founding Year
2019
Phone
(253) 856-5290Principal Officer
Hand Benefit Trust Co
Main Address
220 Fourth Avenue South, Kent, WA, 98032
NTEE Category
Code: Y44 - Mutual benefit
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