Overview
What is Health Research Inc Postretirement Health Benefit Trust?
Health Research Inc Postretirement Health Benefit Trust is a voluntary organization established to support eligible retired employees of Health Research Inc, based in Menands, New York. The trust provides reimbursement for post-retirement medical, hospitalization, and prescription drug expenses. This benefit is available to retirees who have met a specific service requirement and are entitled to a pension from the New York State Employee Retirement System. The plan serves as a safety net for retirees' healthcare needs, ensuring they continue to receive necessary medical care even after retirement.
Official website here: www.healthresearch.org
Is Health Research Inc Postretirement Health Benefit Trust legitimate?
Health Research Inc Postretirement Health Benefit Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Health Research Inc Postretirement Health Benefit 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
For more financial information, click here
Official website here: www.healthresearch.org
What is the mission statement of Health Research Inc Postretirement Health Benefit Trust?
The Health Research Inc Postretirement Health Benefit Trust is a voluntary employees' beneficiary association (VEBA) plan established with the purpose of reimbursing retired employees of Health Research Inc for their post-retirement medical expenses. This plan provides financial assistance for medical, hospitalization, and prescription drug expenses for eligible retired employees who have completed a specified number of years of service and are entitled to receive a pension from the New York State Employee Retirement System. The plan aims to support the healthcare needs of retired employees, offering financial relief during their post-retirement period.
Official website here: www.healthresearch.org
Who is the CEO of Health Research Inc Postretirement Health Benefit Trust?
Andrew Ruby is the Secretary/Treasurer of Health Research Inc Postretirement Health Benefit Trust.
Official website here: www.healthresearch.org
What is the revenue of Health Research Inc Postretirement Health Benefit Trust?
Health Research Inc Postretirement Health Benefit Trust's revenue in 2023 was $7,551,751.
Official website here: www.healthresearch.org
Who are the executives of Health Research Inc Postretirement Health Benefit Trust and what are their salaries?
Here are 11 key members and their salaries:
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- Related: $172,407
- Other: $66,161
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- Related: $143,418
- Other: $60,457
Official website here: www.healthresearch.org
Where can I find the form 990 for Health Research Inc Postretirement Health Benefit Trust?
Health Research Inc Postretirement Health Benefit Trust's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.healthresearch.org
Learn more at the official website: www.healthresearch.org
Mission Statement of Health Research Inc Postretirement Health Benefit Trust
Health Research Inc Postretirement Health Benefit Trust is a voluntary employees' beneficiary association (VEBA) plan established with the mission to reimburse retiring employees of Health Research, Inc. for their post-retirement medical expenses. This nonprofit organization provides financial assistance to eligible retired employees for medical expenses, hospitalization costs, and prescription drugs, subject to meeting the required number of years of service as outlined in the plan document. The plan aims to offer support to retired employees of Health Research, Inc., helping them manage their healthcare costs during their retirement years.
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Impact
October, 2024
Health Research Inc Postretirement Health Benefit Trust plays a crucial role in supporting the health and well-being of retired employees by providing financial assistance for medical expenses. This plan is specifically designed to reimburse eligible retirees for various healthcare costs, including medical services, hospitalization, and prescription drugs.
By enabling participants to cover these post-retirement health expenses, the trust alleviates the financial burden that often accompanies retirement, allowing retirees to focus on their health and quality of life. The plan is available to those who have fulfilled the necessary years of service and are entitled to a pension from the New York State Employee Retirement System, promoting a sense of security and peace of mind for retirees.
In essence, the Health Research Inc Postretirement Health Benefit Trust enhances the benefits of a dedicated workforce, ensuring that long-serving employees have access to essential healthcare resources after their careers. This support not only fosters loyalty and morale among current employees but also serves as an important component of overall employee benefits strategy.
This information is meant to be a general summary of Health Research Inc Postretirement Health Benefit 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 2023.
- Investment Income: $5,167,213
- Program Service Revenue: $2,384,538
- Gross Receipts: $24,489,558
Assets and Liabilities:
- Total Assets: $105,246,544
- Total Liabilities: $0
- Net Assets: $105,246,544
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
HEALTH RESEARCH, INC. CONTRIBUTIO
Revenue
$2,384,538
Organization Details
Founding Year
2014
Phone
(518) 431-1200Principal Officer
Andrew Ruby
Main Address
150 BROADWAY RIVERVIEW CENTER 280, MENANDS, NY, 12204
Website
www.healthresearch.orgNTEE Category
Code: Y43 - Mutual benefit
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