Overview
What is South Knox School Corp District Veba Trust?
South Knox School Corp District Veba Trust is a nonprofit organization located in Vincennes, Indiana. Its primary purpose is to serve as a Voluntary Employees Beneficiary Association, established specifically for funding retirement health care benefits to eligible participants. The trust's expenses primarily involve paying for healthcare benefits for eligible participants, while its revenue consists of program-related contributions made towards the Veba Trust to support these retirement healthcare benefits. The trust operates with the goal of providing financial security for its participants in their post-employment years.
Official website here: www.sknox
Is South Knox School Corp District Veba Trust legitimate?
South Knox School Corp District Veba Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. South Knox School Corp District Veba 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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Official website here: www.sknox
What is the mission statement of South Knox School Corp District Veba Trust?
The South Knox School Corp District Veba Trust was established as a Voluntary Employees Beneficiary Association, with the sole purpose of providing retirement health care benefits to eligible participants. The mission of this trust is to ensure the funding of these benefits for eligible plan participants. The organization's total expenses primarily consist of health care benefits paid out to eligible participants. The total revenue of the trust comes from the organization's program-related contributions, which are aimed at funding the retirement health care benefits for participants.
Official website here: www.sknox
What is the revenue of South Knox School Corp District Veba Trust?
South Knox School Corp District Veba Trust's revenue in 2024 was $403,564.
Official website here: www.sknox
Who are the executives of South Knox School Corp District Veba Trust and what are their salaries?
There is 1 key member and their salary:
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.sknox
Learn more at the official website: www.sknox
Mission Statement of South Knox School Corp District Veba Trust
South Knox School Corp District Veba Trust, a Voluntary Employees Beneficiary Association, was established with a singular purpose: to fund retirement health care benefits for eligible participants in the plan. This organization serves as a safety net, ensuring that beneficiaries have access to necessary medical care during their retirement years. The Trust's mission is to provide these individuals with the health care benefits they deserve, leveraging contributions from the organization to achieve this goal. This mission is crucial in supporting the well-being of its participants, ensuring they can maintain a decent standard of living even after their active employment has ended.
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Impact
October, 2024
The South Knox School Corp District Veba Trust plays a crucial role in providing financial support for healthcare benefits specifically for eligible retirees. This trust is dedicated to funding retiree health care benefits, ensuring that former employees have access to necessary medical services after their careers.
By functioning as a Voluntary Employees Beneficiary Association, the trust pools contributions from various stakeholders, facilitating a sustainable approach to healthcare funding. This helps alleviate the financial burdens often associated with retirement healthcare, allowing retirees to focus on their well-being without the stress of escalating medical costs.
The funding model relies on program-related contributions, which underscores a collective commitment to support those who have dedicated their careers to education and the community. Overall, the South Knox School Corp District Veba Trust significantly enhances the quality of life for its beneficiaries by ensuring they receive essential healthcare support in retirement.
This information is meant to be a general summary of South Knox School Corp District Veba 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 2024.
- Investment Income: $98,992
- Program Service Revenue: $290,163
- Gross Receipts: $403,564
Assets and Liabilities:
- Total Assets: $2,120,726
- Total Liabilities: $0
- Net Assets: $2,120,726
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
501(c)(9) Health Care Ben
Revenue
$290,163
Organization Details
Founding Year
2011
Principal Officer
Tammy Asdell
Website
www.sknoxNTEE Category
Code: Y43 - Mutual benefit
If you are a representative of South Knox School Corp District Veba Trust and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.