Overview
What is Lake Ridge School Corporation Veba Trust?
The Lake Ridge School Corporation Veba Trust is a nonprofit organization, established as a Voluntary Employees Beneficiary Association, based in Gary, Indiana. Its primary objective is to fund retiree healthcare benefits for eligible participants. It achieves this mission by allocating funds towards covering healthcare expenses for eligible individuals, while its revenue comes from contributions made to the trust for the same purpose. The organization's activities are focused solely on this mission.
Official website here: www.lakeridge.k12.in.us
Is Lake Ridge School Corporation Veba Trust legitimate?
Lake Ridge School Corporation Veba Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Lake Ridge School Corporation Veba Trust submitted a form 990EZ, 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.
Official website here: www.lakeridge.k12.in.us
What is the mission statement of Lake Ridge School Corporation Veba Trust?
The Lake Ridge School Corporation Veba Trust was established with a singular mission. Primarily functioning as a Voluntary Employees Beneficiary Association, its purpose is to provide financial support for retiree health care benefits for eligible participants. The organization's expenditures mainly cover the payment of these health care benefits, while its revenue is derived from contributions made towards the same objective. In essence, the Lake Ridge School Corporation Veba Trust is dedicated to ensuring the well-being of its eligible participants in their retirement years through adequate health care coverage.
Official website here: www.lakeridge.k12.in.us
Who is the CEO of Lake Ridge School Corporation Veba Trust?
Christina Akers is the Treasurer of Lake Ridge School Corporation Veba Trust.
Official website here: www.lakeridge.k12.in.us
What is the revenue of Lake Ridge School Corporation Veba Trust?
Lake Ridge School Corporation Veba Trust's revenue in 2022 was $39,695.
Official website here: www.lakeridge.k12.in.us
Who are the executives of Lake Ridge School Corporation 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.lakeridge.k12.in.us
Where can I find the form 990EZ for Lake Ridge School Corporation Veba Trust?
Lake Ridge School Corporation Veba Trust's most recent form 990EZ was submitted in 2022 and can be accessed here.
Official website here: www.lakeridge.k12.in.us
Learn more at the official website: www.lakeridge.k12.in.us
Mission Statement of Lake Ridge School Corporation Veba Trust
The Lake Ridge School Corporation Veba Trust, established as a Voluntary Employees Beneficiary Association, is dedicated to funding retiree health care benefits for eligible plan participants. This nonprofit organization's primary objective is to manage its expenses, primarily by distributing health care benefits to its beneficiaries. The source of its revenue is the program-related contributions it receives, all aimed at supporting its mission of providing retiree health care benefits. While the Lake Ridge School Corporation Veba Trust does not disclose any additional details about its activities or programs, it is clear that its focus is on ensuring the well-being of its eligible participants in their retirement years by providing essential health care benefits.
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Impact
October, 2024
Lake Ridge School Corporation Veba Trust plays a crucial role in providing financial security for retiree health care benefits to eligible participants within the Lake Ridge School Corporation. By operating as a Voluntary Employees Beneficiary Association (VEBA), it ensures that retired educators and staff have access to critical health care resources during their retirement years.
The Trust's funding model relies on contributions specifically allocated for the purpose of supporting retiree health benefits, which directly influences participants' well-being. By managing these funds effectively, the Lake Ridge School Corporation Veba Trust alleviates some of the financial burdens that may arise from health care costs among retirees.
In aligning its mission with the needs of the community, the Veba Trust fosters a supportive environment for former employees, ensuring they can navigate their health care needs with peace of mind. Such initiatives also contribute positively to the overall morale within the educational institution, reinforcing the commitment to the welfare of those who have dedicated their careers to education.
This information is meant to be a general summary of Lake Ridge School Corporation 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: $2,195
- Program Service Revenue: $37,500
- Gross Receipts: $39,695
Assets and Liabilities:
- Total Assets: $178,783
- Total Liabilities: $0
- Net Assets: $178,783
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Organization Details
Phone
(219) 838-1819Principal Officer
Christina Akers
Main Address
6111 WEST RIDGE ROAD, GARY, IN, 464081749
Website
www.lakeridge.k12.in.usNTEE Category
Code: Y43 - Mutual benefit
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