Overview
What is Village Of Schaumburg Veba Health Savings Plan?
The Village of Schaumburg Veba Health Savings Plan is an organization-funded health reimbursement arrangement, located in Schaumburg, Illinois. This plan benefits a total of 683 participants in 2022. Its primary purpose is to reimburse medical expenses for its members. The organization is committed to providing financial assistance to individuals in managing their healthcare costs, contributing to their overall well-being.
Is Village Of Schaumburg Veba Health Savings Plan legitimate?
Village Of Schaumburg Veba Health Savings Plan is a legitimate nonprofit organization registered as a 501(c)(9) entity. Village Of Schaumburg Veba Health Savings Plan 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 Village Of Schaumburg Veba Health Savings Plan?
The Village Of Schaumburg Veba Health Savings Plan's mission is to facilitate the reimbursement of eligible medical expenses for its participants. This is done through a health reimbursement arrangement, which was funded by the organization for 683 individuals in 2022. The plan's primary objective is to provide financial support for healthcare expenses, ensuring that participants can access necessary medical services without undue financial burden. The plan operates under the premise of promoting health and wellness by making medical care more accessible and affordable for its participants.
Who is the CEO of Village Of Schaumburg Veba Health Savings Plan?
Hand Benefit And Trust Co is the Principal Officer of Village Of Schaumburg Veba Health Savings Plan.
What is the revenue of Village Of Schaumburg Veba Health Savings Plan?
Village Of Schaumburg Veba Health Savings Plan's revenue in 2022 was $1,681,272.
Who are the executives of Village Of Schaumburg Veba Health Savings Plan 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 Village Of Schaumburg Veba Health Savings Plan?
Village Of Schaumburg Veba Health Savings Plan's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Village Of Schaumburg Veba Health Savings Plan
The Village Of Schaumburg Veba Health Savings Plan is an organization dedicated to funding the reimbursement of medical expenses under a health reimbursement arrangement. This plan serves 683 participants in 2022, providing financial assistance for their healthcare needs. By funding these expenses, the plan aims to alleviate some of the financial burden associated with medical care, ensuring that participants can access necessary healthcare services without undue financial strain. The mission of the Village Of Schaumburg Veba Health Savings Plan is thus centered around supporting the health and well-being of its participants by providing financial assistance for their medical expenses.
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Impact
October, 2024
The Village of Schaumburg VEBA Health Savings Plan plays a crucial role in supporting the financial well-being of its participants by providing a structured way to cover medical expenses. With a focus on reimbursing qualified medical costs under a health reimbursement arrangement, the plan benefits 683 individuals, enabling them to access necessary healthcare services without the burden of overwhelming out-of-pocket expenses.
This arrangement not only assists participants in managing their healthcare expenses but also promotes overall community health by reducing financial barriers to medical care. By ensuring that individuals have financial support for medical reimbursements, the plan fosters a healthier, more secure environment for those it serves. The Village of Schaumburg VEBA Health Savings Plan ultimately contributes to enhanced quality of life and well-being for its participants, aligning with its mission of facilitating healthcare financial assistance.
This information is meant to be a general summary of Village Of Schaumburg Veba Health Savings Plan. 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: $23,956
- Program Service Revenue: $1,657,316
- Gross Receipts: $2,370,968
Assets and Liabilities:
- Total Assets: $7,159,804
- Total Liabilities: $0
- Net Assets: $7,159,804
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTIONS
Revenue
$1,657,316
Organization Details
Founding Year
2012
Phone
(847) 923-3900Principal Officer
Hand Benefit And Trust Co
Main Address
101 SCHAUMBURG CT, SCHAUMBURG, IL, 60193
NTEE Category
Code: Y43 - Mutual benefit
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