Overview
What is National Petroleum Council Health & Welfare Trust?
The National Petroleum Council Health & Welfare Trust is a nonprofit organization situated in Washington D.C., specifically at 1625 K Street NW 600. Its primary objective is to support the reimbursement of medical expenses under a Health Reimbursement Arrangement. This means the Trust assists individuals in covering their healthcare costs, ensuring financial relief in managing medical expenses.
Is National Petroleum Council Health & Welfare Trust legitimate?
National Petroleum Council Health & Welfare Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. National Petroleum Council Health & Welfare 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 National Petroleum Council Health & Welfare Trust?
The National Petroleum Council Health & Welfare Trust's primary mission is to facilitate the reimbursement of medical expenses under a Health Reimbursement Arrangement. This entity is dedicated to providing financial assistance for healthcare-related costs, thereby easing the financial burden for individuals in need. The trust operates under a Health Reimbursement Arrangement, a system designed to cover eligible medical expenses. By providing this service, the National Petroleum Council Health & Welfare Trust aims to contribute to the overall well-being of individuals, ensuring they have access to necessary healthcare services.
Who is the CEO of National Petroleum Council Health & Welfare Trust?
Charles Schwab Bank is the Principal Officer of National Petroleum Council Health & Welfare Trust.
What is the revenue of National Petroleum Council Health & Welfare Trust?
National Petroleum Council Health & Welfare Trust's revenue in 2022 was $40,863.
Who are the executives of National Petroleum Council Health & Welfare Trust and what are their salaries?
There is 1 key member and their salary:
- Compensation: $1,852
- Related: $0
- Other: $0
Where can I find the form 990 for National Petroleum Council Health & Welfare Trust?
National Petroleum Council Health & Welfare Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of National Petroleum Council Health & Welfare Trust
The National Petroleum Council Health & Welfare Trust is dedicated to funding medical expense reimbursements under a Health Reimbursement Arrangement. This mission is central to their operations, aiming to provide financial assistance to individuals in covering their medical costs. By doing so, the Trust seeks to alleviate some of the financial burdens associated with healthcare, ensuring that individuals can access necessary medical services without being overwhelmed by out-of-pocket expenses.
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Impact
October, 2024
The National Petroleum Council Health & Welfare Trust plays a vital role in enhancing access to healthcare for its beneficiaries by funding the reimbursement of medical expenses through a structured Health Reimbursement Arrangement (HRA). This arrangement enables individuals to mitigate their healthcare costs, thereby improving their overall financial well-being and promoting health security.
By focusing on medical expense reimbursements, the Trust directly supports the health needs of its members, allowing them to receive necessary medical care without the burden of high out-of-pocket costs. This initiative fosters a sense of security and support within the community it serves, ultimately contributing to better health outcomes and fostering a healthier workforce.
In Washington, D.C., the Trust's mission aligns closely with ensuring that healthcare funding is accessible and effective, making a significant impact on the quality of life for many individuals and families associated with the petroleum industry. Its commitment to mutual benefit underlines its focus on enhancing community welfare and fostering a collaborative atmosphere aimed at addressing health-related challenges.
This information is meant to be a general summary of National Petroleum Council Health & Welfare 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: $40,863
- Gross Receipts: $49,775
Assets and Liabilities:
- Total Assets: $1,710,807
- Total Liabilities: $0
- Net Assets: $1,710,807
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Organization Details
Founding Year
2015
Phone
(202) 393-6100Principal Officer
Charles Schwab Bank
Main Address
1625 K STREET NW 600, WASHINGTON, DC, 20006
NTEE Category
Code: Y43 - Mutual benefit
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