Brooklyn-Guernsey-Malcolm Veba Trust

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 472286502 ✦ Brooklyn, IA ✦ Designated as a 501(c)(9)

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Overview

What is Brooklyn-Guernsey-Malcolm Veba Trust?

The Brooklyn-Guernsey-Malcolm Veba Trust is a Voluntary Employees Beneficiary Association (VEBA) situated in Brooklyn, Iowa. Its primary purpose is to fund retiree healthcare benefits for eligible participants. The trust manages its finances by allocating its total revenue, which comes from program-related contributions, towards providing healthcare benefits to its participants. The trust is dedicated to ensuring the well-being of its members in their retirement years by providing the necessary healthcare coverage.


Official website here: www.brooklyn.k12.ia.us

Is Brooklyn-Guernsey-Malcolm Veba Trust legitimate?

Brooklyn-Guernsey-Malcolm Veba Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Brooklyn-Guernsey-Malcolm 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.brooklyn.k12.ia.us

What is the mission statement of Brooklyn-Guernsey-Malcolm Veba Trust?

The Brooklyn-Guernsey-Malcolm Veba Trust is established with the primary objective of providing retirement health care benefits to eligible participants. This is achieved through the allocation of its resources, primarily its program-related contributions, towards the payment of these benefits. While the detailed activities or description of its mission is not provided, it can be inferred that its mission revolves around ensuring the health care needs of its eligible members are met in their retirement years.


Official website here: www.brooklyn.k12.ia.us

Who is the CEO of Brooklyn-Guernsey-Malcolm Veba Trust?

Unavailable


Official website here: www.brooklyn.k12.ia.us

What is the revenue of Brooklyn-Guernsey-Malcolm Veba Trust?

Brooklyn-Guernsey-Malcolm Veba Trust's revenue in 2022 was $14.


Official website here: www.brooklyn.k12.ia.us

Who are the executives of Brooklyn-Guernsey-Malcolm Veba Trust and what are their salaries?


There is 1 key member and their salary:


Lori Mcclenathan (Board Secretart)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.brooklyn.k12.ia.us

Where can I find the form 990EZ for Brooklyn-Guernsey-Malcolm Veba Trust?

Brooklyn-Guernsey-Malcolm Veba Trust's most recent form 990EZ was submitted in 2022 and can be accessed here.


Official website here: www.brooklyn.k12.ia.us

Learn more at the official website: www.brooklyn.k12.ia.us

Mission Statement of Brooklyn-Guernsey-Malcolm Veba Trust

The Brooklyn-Guernsey-Malcolm Veba Trust is a Voluntary Employees Beneficiary Association (VEBA) with a specific mission. This organization is established solely for the purpose of funding retiree health care benefits for eligible plan participants. The trust's activities are primarily focused on distributing health care benefits to its eligible participants, making up its total expense. The revenue for the trust is generated through program-related contributions. In simpler terms, the Brooklyn-Guernsey-Malcolm Veba Trust is a self-funded entity that provides health care benefits to its eligible members in retirement, funded by contributions made to the trust.

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Impact




October, 2024

The Brooklyn-Guernsey-Malcolm Veba Trust plays a crucial role in supporting retiree health care benefits for eligible participants. By providing financial resources specifically allocated for health care, the trust ensures that retirees can access necessary medical services and support. Its operations are funded by contributions made to the Veba Trust, which directly correlate with the health care benefits disbursed to participants.

In essence, the trust acts as a safety net for those who have dedicated their working lives, allowing them to maintain their health and quality of life in retirement. By focusing solely on retiree health care benefits, it addresses a significant need in the community, contributing to the overall well-being of its members in Brooklyn, IA, and surrounding areas. This targeted approach enhances the financial stability and health security of retirees, demonstrating the trust's impactful role in promoting mutual benefits for its participants.




This information is meant to be a general summary of Brooklyn-Guernsey-Malcolm 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.

Revenue
$14 (2022)
Expenses
$606 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $14
  • Gross Receipts: $14

Assets and Liabilities:

  • Total Assets: $2,396
  • Total Liabilities: $0
  • Net Assets: $2,396

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Organization Details

Main Address

1090 JACKSON STREET, BROOKLYN, IA, 52211

NTEE Category

Code: Y43 - Mutual benefit

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