Overview
What is Belmond-Klemme Community School District Veba Trust?
The Belmond-Klemme Community School District VEBA Trust is a nonprofit organization, specifically a voluntary employees beneficiary association, situated in Belmond, Iowa. Its primary objective is to provide and fund retiree health care benefits for eligible participants. This is achieved through the organization's contributions, which form its total revenue, and the subsequent use of these funds to cover the health care expenses of the eligible participants. The Belmond-Klemme Community School District VEBA Trust serves as a safety net for its participants, ensuring they receive necessary healthcare benefits in their retirement years.
Official website here: www.bkcsd.org
Is Belmond-Klemme Community School District Veba Trust legitimate?
Belmond-Klemme Community School District Veba Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Belmond-Klemme Community School District Veba Trust submitted a form 990EZ, 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.
Official website here: www.bkcsd.org
What is the mission statement of Belmond-Klemme Community School District Veba Trust?
The Belmond-Klemme Community School District Veba Trust is an organization dedicated to providing retiree health care benefits for eligible participants. It operates as a voluntary employees beneficiary association, with its expenses primarily covering the healthcare benefits paid out to eligible individuals. The revenue of this trust comes from contributions made by the organization for the purpose of funding these retiree healthcare benefits. In essence, its mission is to ensure the financial support for healthcare needs in retirement for its eligible participants.
Official website here: www.bkcsd.org
Who is the CEO of Belmond-Klemme Community School District Veba Trust?
Unavailable
Official website here: www.bkcsd.org
What is the revenue of Belmond-Klemme Community School District Veba Trust?
Belmond-Klemme Community School District Veba Trust's revenue in 2022 was $2,752.
Official website here: www.bkcsd.org
Who are the executives of Belmond-Klemme Community School District Veba Trust and what are their salaries?
There is 1 key member and their salary:
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.bkcsd.org
Where can I find the form 990EZ for Belmond-Klemme Community School District Veba Trust?
Belmond-Klemme Community School District Veba Trust's most recent form 990EZ was submitted in 2022 and can be accessed here.
Official website here: www.bkcsd.org
Learn more at the official website: www.bkcsd.org
Mission Statement of Belmond-Klemme Community School District Veba Trust
The Belmond-Klemme Community School District VEBA Trust is a notable organization that was established with a specific purpose. This voluntary employees beneficiary association was formed to fund retiree health care benefits for eligible plan participants. Its mission is centered around providing financial support for the medical needs of retired employees, ensuring they maintain their health and well-being even after their active employment years. The Trust's total expenses primarily comprise the health care benefits it pays out to eligible participants. On the revenue side, the organization receives program-related contributions, which it utilizes to meet its commitment of funding retiree health care benefits for eligible participants. The Belmond-Klemme Community School District Veba Trust plays a crucial role in providing a safety net for its members, ensuring their post-retirement years are secure and their health care needs are met.
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Impact
October, 2024
The Belmond-Klemme Community School District VEBA Trust has a significant impact on the financial well-being of its retirees by providing essential health care benefits. Designed to support eligible plan participants, the trust ensures that retirees have access to the resources necessary for managing health-related expenses, thereby enhancing their quality of life in retirement.
By funding retiree health care benefits, the trust alleviates the financial burden associated with medical costs, which can often be overwhelming for older individuals. This support fosters greater peace of mind among retirees and contributes to their overall health and well-being. The program-related contributions to the VEBA trust demonstrate a commitment to sustaining these vital benefits, reinforcing the value placed on the health and welfare of those who have served the community.
Overall, the VEBA Trust strengthens the community by ensuring that former educators and staff members have reliable health coverage, which ultimately helps create a supportive environment for retirees in Belmond, Iowa.
This information is meant to be a general summary of Belmond-Klemme Community School District 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: $1,495
- Gross Receipts: $2,752
Assets and Liabilities:
- Total Assets: $91,489
- Total Liabilities: $0
- Net Assets: $91,489
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Organization Details
Phone
(641) 444-4300Main Address
411 10TH AVENUE NE, BELMOND, IA, 50421
Website
www.bkcsd.orgNTEE Category
Code: Y44 - Mutual benefit
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