Overview
What is Village Of River Forest Veba Health Savings Trust?
The Village of River Forest Veba Health Savings Trust is a charitable organization situated in River Forest, Illinois. Its primary purpose is to provide financial assistance for covering medical expenses under a Health Reimbursement Arrangement. This means that the trust aims to reimburse individuals for their out-of-pocket medical costs, thereby easing their financial burden. The trust is a fraternal organization, which implies that it is focused on its members' well-being and shared interests.
Is Village Of River Forest Veba Health Savings Trust legitimate?
Village Of River Forest Veba Health Savings Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Village Of River Forest 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 Village Of River Forest Veba Health Savings Trust?
The Village of River Forest Veba Health Savings Trust is an organization with a mission to financially support the reimbursement of medical expenses under a Health Reimbursement Arrangement. Its primary goal is to assist individuals in covering their medical costs within the framework of this arrangement. This organization plays a vital role in alleviating some of the financial burden associated with healthcare expenses. While its activities are focused on funding medical expense reimbursements, it does not provide direct medical services or conduct medical research. It operates as a fraternal organization, providing financial assistance to its members or beneficiaries.
Who is the CEO of Village Of River Forest Veba Health Savings Trust?
Brian Murphy is the Administrato of Village Of River Forest Veba Health Savings Trust.
What is the revenue of Village Of River Forest Veba Health Savings Trust?
Village Of River Forest Veba Health Savings Trust's revenue in 2022 was $312,436.
Who are the executives of Village Of River Forest Veba Health Savings Trust and what are their salaries?
Here are 2 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Village Of River Forest Veba Health Savings Trust?
Village Of River Forest Veba Health Savings Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Village Of River Forest Veba Health Savings Trust
The Village Of River Forest Veba Health Savings Trust is a dedicated organization with a mission to fund the reimbursement of medical expenses under a Health Reimbursement Arrangement. In simpler terms, this nonprofit is committed to assisting individuals in covering their medical costs through a specific type of financial plan. By providing funds for medical expenses, the Trust aims to alleviate some of the financial burden associated with healthcare, ensuring that individuals can access necessary medical services without undue financial strain. This mission is a crucial role in supporting the overall well-being of individuals and families, ensuring that they can focus on their health and recovery rather than worrying about the associated costs.
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Impact
October, 2024
The Village Of River Forest Veba Health Savings Trust plays a critical role in supporting community members by funding the reimbursement of medical expenses through a Health Reimbursement Arrangement (HRA). By facilitating access to necessary healthcare funding, it alleviates financial burdens associated with medical costs for individuals and families in River Forest, IL.
This trust enhances the financial security of its participants, ensuring they can seek necessary medical care without the added stress of high out-of-pocket expenses. The ability to reimburse medical expenses promotes healthier outcomes within the community, as individuals are more likely to pursue preventive care and necessary treatments.
Furthermore, by promoting mutual benefit among its members, the trust fosters a sense of community and solidarity, encouraging individuals to support each other in managing healthcare costs. Through its initiatives, the Village Of River Forest Veba Health Savings Trust strengthens the overall well-being of the community, ensuring that residents can maintain their health and financial stability.
This information is meant to be a general summary of Village Of River Forest 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 2022.
- Investment Income: $96,493
- Program Service Revenue: $215,943
- Gross Receipts: $312,436
Assets and Liabilities:
- Total Assets: $2,281,394
- Total Liabilities: $0
- Net Assets: $2,281,394
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTION
Revenue
$215,943
Organization Details
Founding Year
2012
Phone
(708) 366-8500Principal Officer
Brian Murphy
Main Address
400 PARK AVENUE, RIVER FOREST, IL, 60305
NTEE Category
Code: Y43 - Mutual benefit
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