Overview
What is Franklin Community School Corporation Veba Health Savings Trust?
Franklin Community School Corporation Veba Health Savings Trust is a nonprofit entity located at 998 GRIZZLY CUB DRIVE, FRANKLIN, IN 46131. Its primary mission is to fund the reimbursement of medical expenses under a Health Reimbursement Arrangement. The trust served approximately 109 participants who sought medical care, totaling $414,840. While the information does not provide details about the scope of its activities or the impact beyond its participants, it is known to support medical expense reimbursement within the context of the Health Reimbursement Arrangement.
Is Franklin Community School Corporation Veba Health Savings Trust legitimate?
Franklin Community School Corporation Veba Health Savings Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Franklin Community School Corporation 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: $250
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Franklin Community School Corporation Veba Health Savings Trust?
The Franklin Community School Corporation Veba Health Savings Trust's primary objective is to facilitate the reimbursement of medical expenses under a Health Reimbursement Arrangement. This organization serves approximately 109 participants, providing financial assistance for their medical care, totaling approximately $414,840. The Health Reimbursement Arrangement allows participants to cover eligible medical expenses, offering financial relief and support.
Who is the CEO of Franklin Community School Corporation Veba Health Savings Trust?
Matrix Trust Company is the Trustee of Franklin Community School Corporation Veba Health Savings Trust.
What is the revenue of Franklin Community School Corporation Veba Health Savings Trust?
Franklin Community School Corporation Veba Health Savings Trust's revenue in 2023 was $485,240.
Who are the executives of Franklin Community School Corporation Veba Health Savings Trust and what are their salaries?
There is 1 key member and their salary:
- Compensation: $250
- Related: $0
- Other: $0
Where can I find the form 990 for Franklin Community School Corporation Veba Health Savings Trust?
Franklin Community School Corporation Veba Health Savings Trust's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Franklin Community School Corporation Veba Health Savings Trust
The Franklin Community School Corporation Veba Health Savings Trust is an organization devoted to funding the reimbursement of medical expenses under a Health Reimbursement Arrangement. In simpler terms, this entity is responsible for covering medical costs for its participants as per the terms of their Health Reimbursement Agreement. The Trust had around 109 participants who availed of medical care, amounting to a total of $414,840. This nonprofit serves as a financial resource for its participants, helping them manage their healthcare expenses effectively.
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Impact
October, 2024
Franklin Community School Corporation Veba Health Savings Trust significantly impacts its community by providing financial support for medical expenses through a health reimbursement arrangement. With approximately 109 participants benefiting from this initiative, the trust facilitated over $414,840 in medical care reimbursements. This funding alleviates the financial burden associated with healthcare costs for families in the Franklin area, promoting better access to necessary medical services and enhancing overall community well-being. By prioritizing health and wellness, the trust fosters a supportive environment for participants, ensuring they receive the care they need without undue financial strain.
This information is meant to be a general summary of Franklin Community School Corporation 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 2023.
- Investment Income: $50,067
- Program Service Revenue: $435,173
- Gross Receipts: $486,771
Assets and Liabilities:
- Total Assets: $2,661,311
- Total Liabilities: $0
- Net Assets: $2,661,311
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTION
Revenue
$435,173
Organization Details
Founding Year
2005
Phone
(317) 738-5800Principal Officer
Matrix Trust Company
Main Address
998 GRIZZLY CUB DRIVE, FRANKLIN, IN, 461311375
NTEE Category
Code: Y43 - Mutual benefit
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