Overview
What is Shoals Community School Corp Veba Trust?
Shoals Community School Corp Veba Trust is a nonprofit organization, specifically a Voluntary Employees' Beneficiary Association, based in Shoals, Indiana. Its primary mission is to provide retirement health care benefits to eligible participants. The trust collects program-related contributions to fund these benefits. The organization's activity involves paying for eligible participants' health care benefits, serving as a financial resource for retirees' medical needs. It's important to note that this trust was formed exclusively for this purpose, ensuring the future well-being of the organization's retirees.
Is Shoals Community School Corp Veba Trust legitimate?
Shoals Community School Corp Veba Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Shoals Community School Corp 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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What is the mission statement of Shoals Community School Corp Veba Trust?
The Shoals Community School Corp Veba Trust was established with the sole purpose of providing retiree health care benefits to eligible participants. This Voluntary Employees Beneficiary Association was formed to meet this specific objective. The trust's mission is to fund the necessary healthcare benefits for eligible plan participants, ensuring their well-being in retirement. The organization's activities primarily revolve around contributing to the VEBA Trust, with the aim of providing these benefits to participating retirees. The total expenses of the trust are primarily health care benefits paid to eligible participants, while the total revenue represents the organization's program-related contributions to the trust for this purpose.
Who is the CEO of Shoals Community School Corp Veba Trust?
Kindra Hovis Superintendent is the Superintendent of Shoals Community School Corp Veba Trust.
What is the revenue of Shoals Community School Corp Veba Trust?
Shoals Community School Corp Veba Trust's revenue in 2022 was $10,419.
Who are the executives of Shoals Community School Corp Veba Trust and what are their salaries?
Here are 2 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Shoals Community School Corp Veba Trust?
Shoals Community School Corp Veba Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Shoals Community School Corp Veba Trust
The Shoals Community School Corp Veba Trust is a voluntary employees' beneficiary association established with a sole purpose: to fund retirement health care benefits for eligible plan participants. This mission is centered around providing financial support for medical needs in the retirement phase of eligible participants' lives. The trust was formed to ensure the continuity of health care benefits for its participants after their active employment period. The organization's operations are primarily focused on allocating resources to meet the health care needs of its beneficiaries in their retirement years.
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Impact
October, 2024
Shoals Community School Corp VEBA Trust plays a crucial role in providing financial support for retiree health care benefits to eligible participants. By facilitating a structured approach to funding these benefits, the trust ensures that retirees have access to necessary health care services, helping to alleviate the financial burden associated with medical expenses in retirement.
The trust relies on contributions specifically designated for this purpose, allowing it to maintain a steady stream of funding. This financial framework not only enhances the quality of life for retirees but also contributes to employee satisfaction and retention during their working years, knowing that their future health care needs are being considered and addressed.
Ultimately, the impact of the Shoals Community School Corp VEBA Trust extends beyond individual beneficiaries; it fosters a supportive environment for the broader community by demonstrating a commitment to the well-being of educators and staff after their service has concluded.
This information is meant to be a general summary of Shoals Community School Corp 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 2022.
- Investment Income: $5,593
- Program Service Revenue: $4,826
- Gross Receipts: $10,419
Assets and Liabilities:
- Total Assets: $474,502
- Total Liabilities: $0
- Net Assets: $474,502
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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
$4,826
Organization Details
Founding Year
2011
Phone
(812) 247-2060Principal Officer
Kindra Hovis Superintendent
Main Address
11741 IRONTON ROAD, SHOALS, IN, 47581
NTEE Category
Code: Y33 - Mutual benefit
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