Overview
What is Salem Community School District Veba Trust?
The Salem Community School District Veba Trust is a nonprofit organization based in Salem, Indiana, specifically at 500 North Harrison Street, 47167. Its primary purpose is to function as a Voluntary Employees Beneficiary Association (VEBA). This trust was established with the sole intention of funding retiree health care benefits for eligible participants within the organization's plan. The trust's total expenses cover health care benefits provided to these participants, while the organization's program-related contributions make up the total revenue, which is used to support these benefits. The trust's activities are focused on ensuring the well-being of its participants in their retirement years.
Official website here: www.salemschools.com
Is Salem Community School District Veba Trust legitimate?
Salem Community School District Veba Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Salem Community School 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.salemschools.com
What is the mission statement of Salem Community School District Veba Trust?
The Salem Community School District Veba Trust, established as a Voluntary Employees Beneficiary Association, was formed with the sole purpose of funding retirement health care benefits for eligible participants in the plan. Its mission is to provide these retirees with the necessary health care benefits, ensuring their well-being after their working years. The organization's activities are primarily focused on contributing to the Veba Trust, which is used for funding these health care benefits for the participants. The total expense of the trust is comprised of the health care benefits paid out to eligible participants, while the total revenue represents the contributions made by the organization towards the trust's purpose.
Official website here: www.salemschools.com
Who is the CEO of Salem Community School District Veba Trust?
Kim Thurston is the Principal Officer of Salem Community School District Veba Trust.
Official website here: www.salemschools.com
What is the revenue of Salem Community School District Veba Trust?
Salem Community School District Veba Trust's revenue in 2022 was $222,129.
Official website here: www.salemschools.com
Who are the executives of Salem Community School District 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
Official website here: www.salemschools.com
Where can I find the form 990 for Salem Community School District Veba Trust?
Salem Community School District Veba Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.salemschools.com
Learn more at the official website: www.salemschools.com
Mission Statement of Salem Community School District Veba Trust
The Salem Community School District Veba Trust was established with a singular purpose: to fund retirement health care benefits for eligible participants in a Voluntary Employees Beneficiary Association (VEBA) trust. This nonprofit organization was formed to ensure the financial well-being of its members in their post-employment years, providing them with essential health care benefits. The trust's mission is to manage its resources effectively, with total expenses primarily focused on the distribution of health care benefits to eligible participants. The total revenue of the organization stems from its program-related contributions to the VEBA trust, which are allocated to fund these retirement health care benefits for participants.
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Impact
October, 2024
The Salem Community School District Veba Trust significantly impacts the well-being of its eligible participants by providing essential funding for retiree health care benefits. By focusing solely on this purpose, the Trust ensures that retirees have access to necessary health services, thus enhancing their quality of life post-retirement.
The financial structure of the Trust is based on program-related contributions that help sustain its funding capabilities. As a result, eligible participants receive health care benefits that alleviate some of the financial burdens often associated with medical expenses in retirement. This focus on health care support fosters a sense of security among retirees, allowing them to manage their health needs more effectively and comfortably.
This information is meant to be a general summary of Salem Community School 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 2022.
- Program Service Revenue: $222,129
- Gross Receipts: $222,129
Assets and Liabilities:
- Total Assets: $1,256,979
- Total Liabilities: $0
- Net Assets: $1,256,979
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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
$222,129
Organization Details
Founding Year
2010
Phone
(812) 883-4437Principal Officer
Kim Thurston
Main Address
500 NORTH HARRISON STREET, SALEM, IN, 47167
Website
www.salemschools.comNTEE Category
Code: Y43 - Mutual benefit
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