Overview
What is Northeast Metro 916 Veba Health Savings Trust?
Northeast Metro 916 Veba Health Savings Trust is a voluntary employees' beneficiary association (VEBA) based in White Bear Lake, Minnesota. This nonprofit organization plays a crucial role in funding reimbursements for eligible medical expenses under a health reimbursement arrangement. With a focus on supporting 611 participants during the plan year 2021, Northeast Metro 916 Veba Health Savings Trust contributes to the well-being of its members by facilitating financial assistance for their medical needs.
Is Northeast Metro 916 Veba Health Savings Trust legitimate?
Northeast Metro 916 Veba Health Savings Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Northeast Metro 916 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 Northeast Metro 916 Veba Health Savings Trust?
The Northeast Metro 916 Veba Health Savings Trust serves as a voluntary employees' beneficiary association (VEBA), primarily aimed at funding the reimbursement of eligible medical expenses under a health reimbursement arrangement. This trust benefits approximately 611 participants during the plan year 2021, providing financial assistance for their medical needs. The association's primary goal is to support employees in covering their healthcare expenses, ensuring they have access to necessary medical services when needed.
Who is the CEO of Northeast Metro 916 Veba Health Savings Trust?
Hand Benefit Trust Co is the Trustee of Northeast Metro 916 Veba Health Savings Trust.
What is the revenue of Northeast Metro 916 Veba Health Savings Trust?
Northeast Metro 916 Veba Health Savings Trust's revenue in 2022 was $633,355.
Who are the executives of Northeast Metro 916 Veba Health Savings Trust and what are their salaries?
There is 1 key member and their salary:
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Northeast Metro 916 Veba Health Savings Trust?
Northeast Metro 916 Veba Health Savings Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Northeast Metro 916 Veba Health Savings Trust
Northeast Metro 916 Veba Health Savings Trust is a voluntary employees' beneficiary association (VEBA) with a mission to fund the reimbursement of eligible medical expenses under a health reimbursement arrangement. In simpler terms, this organization serves as a resource for its participating employees, helping them cover various medical costs not covered by their regular insurance plans. The Trust benefited 611 participants throughout the plan year 2021, highlighting its role in supporting the health needs of its members.
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Impact
October, 2024
Northeast Metro 916 Veba Health Savings Trust has made a significant impact by providing vital financial support for healthcare expenses to its participants. Through its Health Reimbursement Arrangement (HRA), this trust allows eligible individuals to receive reimbursements for medical costs, alleviating the financial burden associated with healthcare services. In the plan year 2021, the trust benefitted 611 participants, ensuring they have access to funds specifically designated for eligible medical expenses. This enables participants to manage their healthcare more effectively and promotes overall well-being within the community it serves in White Bear Lake, MN. By facilitating financial assistance for healthcare needs, the trust plays a crucial role in supporting the health and financial stability of its members.
This information is meant to be a general summary of Northeast Metro 916 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: $7,199
- Program Service Revenue: $626,156
- Gross Receipts: $1,330,783
Assets and Liabilities:
- Total Assets: $2,326,484
- Total Liabilities: $0
- Net Assets: $2,326,484
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTIONS
Revenue
$626,156
Organization Details
Founding Year
2012
Phone
(651) 415-5500Principal Officer
Hand Benefit Trust Co
Main Address
2540 East County Road F, White Bear Lake, MN, 55110
NTEE Category
Code: Y43 - Mutual benefit
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