Overview
What is Bloomingdale Fire Protection District Veba Health Savings Trust?
The Bloomingdale Fire Protection District Veba Health Savings Trust is a nonprofit organization located at 179 South Bloomingdale Road, Bloomingdale, Illinois. Their primary mission is to fund the reimbursement of medical expenses under a Health Reimbursement Arrangement. This arrangement, as stated in the information, was utilized by approximately 19 participants, incurring medical costs totaling $85,185. The Trust's purpose is to support the health needs of its participants by covering eligible medical expenses, contributing to their overall well-being.
Is Bloomingdale Fire Protection District Veba Health Savings Trust legitimate?
Bloomingdale Fire Protection District Veba Health Savings Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Bloomingdale Fire Protection District 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 Bloomingdale Fire Protection District Veba Health Savings Trust?
The Bloomingdale Fire Protection District Veba Health Savings Trust's primary objective is to fund the reimbursement of medical expenses under a Health Reimbursement Arrangement. This organization facilitates the payment of medical costs for its approximately 19 participants, who incurred medical expenses totaling $85,185. The Health Reimbursement Arrangement serves as a financial resource for covering eligible medical expenses, providing financial assistance to individuals in need.
Who is the CEO of Bloomingdale Fire Protection District Veba Health Savings Trust?
Principal Trust Company is the Trustee of Bloomingdale Fire Protection District Veba Health Savings Trust.
What is the revenue of Bloomingdale Fire Protection District Veba Health Savings Trust?
Bloomingdale Fire Protection District Veba Health Savings Trust's revenue in 2022 was $232,836.
Who are the executives of Bloomingdale Fire Protection District Veba Health Savings Trust and what are their salaries?
There is 1 key member and their salary:
- Compensation: $2,129
- Related: $0
- Other: $0
Where can I find the form 990 for Bloomingdale Fire Protection District Veba Health Savings Trust?
Bloomingdale Fire Protection District Veba Health Savings Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Bloomingdale Fire Protection District Veba Health Savings Trust
The Bloomingdale Fire Protection District Veba Health Savings Trust is committed to funding the reimbursement of medical expenses under a Health Reimbursement Arrangement. This organization works towards providing financial assistance to its approximately 19 participating members who require medical care, with the total amount of reimbursement reaching $85,185. By offering this service, the Bloomingdale Fire Protection District Veba Health Savings Trust aims to alleviate some of the financial burdens associated with healthcare expenses, ensuring that its members can access necessary medical services without undue financial strain.
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Impact
October, 2024
The Bloomingdale Fire Protection District VEBA Health Savings Trust plays a crucial role in supporting the financial well-being of its participants by funding medical expense reimbursements through a Health Reimbursement Arrangement. With approximately 19 participants, the Trust facilitated the reimbursement of $85,185 in medical care. This support not only alleviates the financial burden associated with healthcare costs but also encourages participants to seek necessary medical treatments, ultimately contributing to improved health outcomes within the community. By focusing on mutual benefit, the Trust enhances the overall welfare of its members, promoting a healthier and more secure future.
This information is meant to be a general summary of Bloomingdale Fire Protection District 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: $59,456
- Program Service Revenue: $173,380
- Gross Receipts: $350,911
Assets and Liabilities:
- Total Assets: $1,014,022
- Total Liabilities: $0
- Net Assets: $1,014,022
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTION
Revenue
$173,380
Organization Details
Founding Year
2013
Phone
(630) 894-9080Principal Officer
Principal Trust Company
Main Address
179 SOUTH BLOOMINGDALE ROAD, BLOOMINGDALE, IL, 60108
NTEE Category
Code: Y43 - Mutual benefit
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