Ridgefield Professional Fire Fighters Local 1739 Veba Trust Fund

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 455138898 ✦ Ridgefield, CT ✦ Designated as a 501(c)(9)

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Overview

What is Ridgefield Professional Fire Fighters Local 1739 Veba Trust Fund?

The Ridgefield Professional Fire Fighters Local 1739 Veba Trust Fund is a nonprofit organization, specifically a Voluntary Employees' Beneficiary Association (VEBA), established in Ridgefield, Connecticut. Its primary mission is to provide post-retirement health benefits for 55 participants throughout the year 2022. This VEBA serves to reimburse eligible medical expenses under a Health Reimbursement Arrangement, ensuring financial support for the health needs of its beneficiaries.

Is Ridgefield Professional Fire Fighters Local 1739 Veba Trust Fund legitimate?

Ridgefield Professional Fire Fighters Local 1739 Veba Trust Fund is a legitimate nonprofit organization registered as a 501(c)(9) entity. Ridgefield Professional Fire Fighters Local 1739 Veba Trust Fund 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

For more financial information, click here

What is the mission statement of Ridgefield Professional Fire Fighters Local 1739 Veba Trust Fund?

The Ridgefield Professional Fire Fighters Local 1739 Veba Trust Fund serves as a Voluntary Employees' Beneficiary Association (VEBA). Its primary mission is to fund the reimbursement of eligible medical expenses under a Health Reimbursement Arrangement. This trust was established to support 55 participants during the plan year 2022, aiming to provide post-retirement health benefits. The VEBA provides a financial safety net for eligible medical expenses, ensuring that participants can maintain their health and well-being. By offering this reimbursement system, the trust fund helps alleviate the financial burden of medical expenses for its members.

Who is the CEO of Ridgefield Professional Fire Fighters Local 1739 Veba Trust Fund?

Bpas is the Trustee of Ridgefield Professional Fire Fighters Local 1739 Veba Trust Fund.

What is the revenue of Ridgefield Professional Fire Fighters Local 1739 Veba Trust Fund?

Ridgefield Professional Fire Fighters Local 1739 Veba Trust Fund's revenue in 2022 was $141,400.

Who are the executives of Ridgefield Professional Fire Fighters Local 1739 Veba Trust Fund and what are their salaries?


There is 1 key member and their salary:


Hand Benefit Trust Co (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Ridgefield Professional Fire Fighters Local 1739 Veba Trust Fund?

Ridgefield Professional Fire Fighters Local 1739 Veba Trust Fund's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Ridgefield Professional Fire Fighters Local 1739 Veba Trust Fund

The Ridgefield Professional Fire Fighters Local 1739 Veba Trust Fund is a voluntary organization with a mission to fund the reimbursement of eligible medical expenses under a Health Reimbursement Arrangement (HRA). Established to benefit 55 participants during the plan year 2022, this trust serves as a financial resource for post-retirement medical needs. By providing funds for eligible medical expenses, the Ridgefield Professional Fire Fighters Local 1739 Veba Trust Fund aims to alleviate the financial burden associated with healthcare costs for its members, ensuring they maintain their well-being even in their post-retirement years.

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Impact




October, 2024

Ridgefield Professional Fire Fighters Local 1739 VEBA Trust Fund plays a crucial role in supporting the health and financial well-being of its participants. By providing a Voluntary Employees' Beneficiary Association (VEBA), the fund allows participants to access reimbursement for eligible medical expenses under a health reimbursement arrangement. This enhances their ability to manage post-retirement healthcare costs effectively.

In 2022, the Trust Fund served 55 participants, ensuring they receive essential health benefits during their retirement years. This not only alleviates the financial burden of medical expenses but also contributes to the overall health and welfare of the firefighters and their families in Ridgefield, Connecticut. Through its mission of facilitating reimbursements for necessary medical care, the VEBA Trust Fund underscores its commitment to mutual benefit and support for those who have dedicated their lives to serving the community.




This information is meant to be a general summary of Ridgefield Professional Fire Fighters Local 1739 Veba Trust Fund. 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.

Revenue
$141,400 (2022)
Expenses
$49,137 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $24,710
  • Program Service Revenue: $116,690
  • Gross Receipts: $252,258

Assets and Liabilities:

  • Total Assets: $1,750,411
  • Total Liabilities: $0
  • Net Assets: $1,750,411

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

EMPLOYER CONTRIBUTION

Revenue

$116,690

Organization Details

Founding Year

2007

Principal Officer

Bpas

Main Address

6 Catoonah Street, Ridgefield, CT, 06877

NTEE Category

Code: Y43 - Mutual benefit

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