Overview
What is College Foundation Voluntary Employee Beneficiary Association?
The College Foundation Voluntary Employee Beneficiary Association is a nonprofit organization based in Raleigh, North Carolina. Its primary function is to offer post-retirement benefits to eligible participants, specifically reimbursing premiums for medical, dental, vision, and long-term care insurance. These benefits are governed by the rules outlined in the College Foundation, Inc. Post-Retirement Benefit Plan document. The organization's purpose is exclusively focused on this reimbursement service, without any additional mission.
Is College Foundation Voluntary Employee Beneficiary Association legitimate?
College Foundation Voluntary Employee Beneficiary Association is a legitimate nonprofit organization registered as a 501(c)(9) entity. College Foundation Voluntary Employee Beneficiary Association 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 College Foundation Voluntary Employee Beneficiary Association?
The College Foundation Voluntary Employee Beneficiary Association's mission is centered around providing post-retirement benefits. Specifically, they reimburse eligible participants for expenses related to medical, dental, vision, and long-term care insurance premiums, in line with the guidelines outlined in the College Foundation, Inc. Post-Retirement Benefit Plan document. This association does not have any additional missions beyond this specific purpose.
Who is the CEO of College Foundation Voluntary Employee Beneficiary Association?
Wendy H Mcalister is the Trustee of College Foundation Voluntary Employee Beneficiary Association.
What is the revenue of College Foundation Voluntary Employee Beneficiary Association?
College Foundation Voluntary Employee Beneficiary Association's revenue in 2022 was $398,352.
Who are the executives of College Foundation Voluntary Employee Beneficiary Association and what are their salaries?
Here are 2 key members and their salaries:
- Compensation: $0
- Related: $238,909
- Other: $28,326
- Compensation: $0
- Related: $170,515
- Other: $24,671
Where can I find the form 990 for College Foundation Voluntary Employee Beneficiary Association?
College Foundation Voluntary Employee Beneficiary Association's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of College Foundation Voluntary Employee Beneficiary Association
The College Foundation Voluntary Employee Beneficiary Association, abbreviated as CFVEBA, is a nonprofit organization that is committed to providing post-retirement benefits to eligible participants. Specifically, the association reimburses participants for the premiums associated with medical, dental, vision, and long-term care insurance, in line with the guidelines outlined in the College Foundation, Inc. Post-Retirement Benefit Plan document. The CFVEBA does not have any other mission attributed to it, making this its sole purpose and focus.
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Impact
October, 2024
The College Foundation Voluntary Employee Beneficiary Association (VEBA) plays a crucial role in supporting eligible participants by reimbursing post-retirement benefits. This includes reimbursement for premiums related to medical, dental, vision, and long-term care insurance, which are essential components of healthcare and overall well-being for retirees.
By providing these reimbursements, the VEBA helps alleviate financial burdens that retirees might face concerning their healthcare costs. This support is particularly important in the context of rising healthcare expenses, ensuring that eligible participants can maintain access to necessary medical services and insurance coverage after retirement. The association operates under the guidelines set forth in the College Foundation, Inc. Post-Retirement Benefit Plan, ensuring a structured approach to delivering these benefits.
Ultimately, the VEBA contributes to the peace of mind of retirees as they navigate their post-working years, fostering a sense of security regarding their health and financial stability. Located in Raleigh, NC, the VEBA focuses solely on these critical post-retirement benefits, providing targeted assistance to those who have dedicated years to their careers.
This information is meant to be a general summary of College Foundation Voluntary Employee Beneficiary Association. 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.
- Program Service Revenue: $398,352
- Gross Receipts: $398,352
Assets and Liabilities:
- Total Assets: $10,668,769
- Total Liabilities: $5,246
- Net Assets: $10,663,523
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INVESTMENT INCOME
Revenue
$398,352
Organization Details
Founding Year
2012
Phone
(919) 834-2893Principal Officer
Wendy H Mcalister
Main Address
2917 Highwoods Blvd, Raleigh, NC, 27604
NTEE Category
Code: Y43 - Mutual benefit
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