Overview
What is Les-Urenco Usa Veba Health Savings Trust?
Les-Urenco Usa Veba Health Savings Trust is a nonprofit organization, specifically a Voluntary Employees' Beneficiary Association (VEBA), established to support the health needs of 63 participants. Situated in Eunice, New Mexico, this trust was established during the plan year 2021 with the primary purpose of providing reimbursement for eligible medical expenses under a Health Reimbursement Arrangement (HRA). This nonprofit aims to enhance the health and well-being of its members by funding their medical expenses, thereby contributing to their overall quality of life.
Is Les-Urenco Usa Veba Health Savings Trust legitimate?
Les-Urenco Usa Veba Health Savings Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Les-Urenco Usa 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 Les-Urenco Usa Veba Health Savings Trust?
The Les-Urenco Usa Veba Health Savings Trust is a voluntary association established to fund the reimbursement of eligible medical expenses under a Health Reimbursement Arrangement. This organization serves the health benefits of 63 participants, catering to both active and retired employees during the plan year 2021. The purpose of this trust is to provide financial support for medical expenses, ensuring that its members have access to necessary healthcare services.
Who is the CEO of Les-Urenco Usa Veba Health Savings Trust?
Hand Benefit And Trust Co is the Principal Officer of Les-Urenco Usa Veba Health Savings Trust.
What is the revenue of Les-Urenco Usa Veba Health Savings Trust?
Les-Urenco Usa Veba Health Savings Trust's revenue in 2021 was $126,235.
Who are the executives of Les-Urenco Usa 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 Les-Urenco Usa Veba Health Savings Trust?
Les-Urenco Usa Veba Health Savings Trust's most recent form 990 was submitted in 2021 and can be accessed here.
Mission Statement of Les-Urenco Usa Veba Health Savings Trust
Les-Urenco Usa Veba Health Savings Trust is a voluntary employees' beneficiary association, abbreviated as VEBA. Its primary mission is to fund the reimbursement of eligible medical expenses under a Health Reimbursement Arrangement (HRA). This nonprofit organization aims to support 63 participating individuals, both actively employed and post-retirement, during the plan year 2021. By providing financial assistance for eligible medical expenses, Les-Urenco Usa Veba Health Savings Trust aims to alleviate some of the financial burden associated with healthcare costs. The organization operates as a means for employees to set aside funds for future healthcare needs, ensuring they have the necessary financial resources to cover medical expenses.
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Impact
October, 2024
Les-Urenco Usa Veba Health Savings Trust provides essential financial support to employees and retirees by reimbursing eligible medical expenses through a Health Reimbursement Arrangement (HRA). Established as a Voluntary Employees' Beneficiary Association (VEBA), it serves 63 participants, helping them manage healthcare costs effectively. This trust plays a critical role in enhancing the overall well-being of its members by ensuring they have access to necessary health benefits during both their active employment and post-retirement phases. By addressing medical expenses directly, it alleviates financial burdens and promotes health security within the community. Its operation in Eunice, NM, underscores its commitment to supporting local employees, fostering a sense of mutual benefit among participants.
This information is meant to be a general summary of Les-Urenco Usa 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 2021.
- Investment Income: $14,275
- Program Service Revenue: $111,960
- Gross Receipts: $497,960
Assets and Liabilities:
- Total Assets: $1,980,078
- Total Liabilities: $0
- Net Assets: $1,980,078
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTIONS
Revenue
$111,960
Organization Details
Founding Year
2017
Phone
(575) 394-4646Principal Officer
Hand Benefit And Trust Co
Main Address
PO Box 1789, Eunice, NM, 88231
NTEE Category
Code: Y43 - Mutual benefit
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