Overview
What is Moraine Park Technical College - Veba Trust?
Moraine Park Technical College - Veba Trust is a nonprofit organization situated in Fond du Lac, Wisconsin, with the primary focus on providing retiree health care benefits to eligible participants. This organization operates under the umbrella of a Voluntary Employees Beneficiary Association (VEBA), established specifically for funding these health care benefits. The Trust's total expenses consist of health care benefits paid to eligible participants, while its total revenue comes from the organization's program-related contributions to the VEBA Trust. The main mission of Moraine Park Technical College - Veba Trust is to ensure that retirees enrolled in the plan have access to necessary health care benefits, thereby enhancing their quality of life.
Is Moraine Park Technical College - Veba Trust legitimate?
Moraine Park Technical College - Veba Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Moraine Park Technical College - Veba 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 Moraine Park Technical College - Veba Trust?
The Voluntary Employees Beneficiary Association, known as the Veba Trust for Moraine Park Technical College, was established with the sole purpose of providing retiree health care benefits to eligible participants. This trust was formed with the mission to fund these benefits, ensuring the well-being of its participants in their post-employment years. The organization's activities are primarily focused on managing contributions to the Veba Trust, which are used to cover health care expenses for eligible participants. The mission naturally revolves around the provision of retirement health care benefits, ensuring the financial security and health of its participants.
Who is the CEO of Moraine Park Technical College - Veba Trust?
Kristen Theisen is the Benefits Coordinator of Moraine Park Technical College - Veba Trust.
What is the revenue of Moraine Park Technical College - Veba Trust?
Moraine Park Technical College - Veba Trust's revenue in 2022 was $116,163.
Who are the executives of Moraine Park Technical College - Veba Trust 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 Moraine Park Technical College - Veba Trust?
Moraine Park Technical College - Veba Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Moraine Park Technical College - Veba Trust
Moraine Park Technical College - Veba Trust was established with a singular purpose: to fund retiree health care benefits for eligible participants. This Voluntary Employees Beneficiary Association (VEBA) trust was formed to ensure that retirees from the plan receive adequate health care coverage. The trust's mission is to provide financial support for the medical needs of its participants in their retirement years. The total expenses of the trust are allocated towards providing these health care benefits to the eligible participants. The trust's revenue is derived from the organization's program-related contributions to the VEBA Trust, which are intended to fund these retiree health care benefits. In essence, Moraine Park Technical College - Veba Trust serves as a safety net, ensuring that its participants can maintain their health care coverage even after retiring from their respective jobs.
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Impact
October, 2024
Moraine Park Technical College - Veba Trust plays a crucial role in providing financial support for retiree health care benefits to eligible plan participants. This organization enables employees to contribute voluntarily towards a trust fund designed specifically for covering health care costs once they retire.
By ensuring that retirees have access to necessary health benefits, the trust significantly eases the financial burden associated with health care in retirement, contributing to the overall well-being and stability of former employees. The total expenses incurred by the trust are allocated entirely to health care benefits, reflecting its commitment to enhance the quality of life for retirees.
Moreover, the contributions made to the Veba Trust foster a sense of security for employees as they transition into retirement, allowing them to focus on their health and well-being without the added stress of financial uncertainty related to health care. This initiative represents a mutual benefit for both the participants and the broader community, reinforcing the importance of supporting individuals in their post-employment years.
This information is meant to be a general summary of Moraine Park Technical College - Veba 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: $5,263
- Program Service Revenue: $110,900
- Gross Receipts: $116,163
Assets and Liabilities:
- Total Assets: $740,103
- Total Liabilities: $0
- Net Assets: $740,103
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
501(c)(9) Health Care Ben
Revenue
$110,900
Organization Details
Founding Year
2013
Phone
(920) 924-3226Principal Officer
Kristen Theisen
Main Address
235 NORTH NATIONAL AVENUE, FOND DU LAC, WI, 549361940
NTEE Category
Code: Y43 - Mutual benefit
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