Overview
What is Monroe County Community School Veba Health Savings Trust?
Monroe County Community School Veba Health Savings Trust is a nonprofit organization located in Bloomington, Indiana. Its primary mission is to manage a Health Reimbursement Arrangement, which serves to cover medical expenses for approximately 185 participants. Through this arrangement, the trust provided reimbursements totaling $329,876 for medical care. This nonprofit's purpose is to facilitate financial assistance for medical expenses, contributing to the overall well-being of its participants.
Is Monroe County Community School Veba Health Savings Trust legitimate?
Monroe County Community School Veba Health Savings Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Monroe County Community School 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 Monroe County Community School Veba Health Savings Trust?
The Monroe County Community School Veba Health Savings Trust is dedicated to funding the reimbursement of medical expenses under a Health Reimbursement Arrangement. This organization provides financial assistance for healthcare costs for its approximately 185 participants, who collectively incurred medical expenses totaling $329,876. The Trust's primary function is to alleviate the financial burden associated with medical expenses, ensuring that participants can access necessary healthcare services.
Who is the CEO of Monroe County Community School Veba Health Savings Trust?
Matrix Trust Company is the Trustee of Monroe County Community School Veba Health Savings Trust.
What is the revenue of Monroe County Community School Veba Health Savings Trust?
Monroe County Community School Veba Health Savings Trust's revenue in 2022 was $237,053.
Who are the executives of Monroe County Community School Veba Health Savings Trust and what are their salaries?
There is 1 key member and their salary:
- Compensation: $500
- Related: $0
- Other: $0
Where can I find the form 990 for Monroe County Community School Veba Health Savings Trust?
Monroe County Community School Veba Health Savings Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Monroe County Community School Veba Health Savings Trust
Monroe County Community School Veba Health Savings Trust is an organization dedicated to funding medical expense reimbursement under a Health Reimbursement Arrangement. Its mission involves providing financial assistance to its approximately 185 participants, enabling them to cover their medical expenses totaling around $329,876. The Trust serves as a financial safety net, enabling individuals to access necessary medical care without facing undue financial burden. By funding medical expenses, Monroe County Community School Veba Health Savings Trust plays a crucial role in ensuring that its participants have access to necessary healthcare services.
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Impact
October, 2024
The Monroe County Community School VEBA Health Savings Trust significantly impacts the local community by providing essential financial support for medical expenses through a Health Reimbursement Arrangement (HRA). With approximately 185 participants, the Trust facilitated the reimbursement of medical care totaling $329,876, thereby alleviating the financial burden of healthcare costs for many individuals and families. This program ensures that participants can access necessary medical services without the stress of overwhelming out-of-pocket expenses. By promoting health and wellness within the community, the Trust contributes to a healthier population, ultimately enhancing the quality of life for residents in Bloomington, Indiana.
This information is meant to be a general summary of Monroe County Community School 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 2022.
- Investment Income: $86,408
- Program Service Revenue: $150,645
- Gross Receipts: $237,053
Assets and Liabilities:
- Total Assets: $4,096,822
- Total Liabilities: $0
- Net Assets: $4,096,822
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTION
Revenue
$150,645
Organization Details
Founding Year
2004
Phone
(812) 330-7700Principal Officer
Matrix Trust Company
Main Address
315 NORTH DRIVE, BLOOMINGTON, IN, 47401
NTEE Category
Code: Y43 - Mutual benefit
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