Central Lyon Community School District Veba Trust

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

EIN: 472311556 ✦ Rock rapids, IA ✦ Designated as a 501(c)(9)

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Overview

What is Central Lyon Community School District Veba Trust?

The Central Lyon Community School District Veba Trust is a nonprofit organization established specifically to fund retiree health care benefits for eligible participants. It operates on contributions made by the organization itself, which are utilized to cover the medical expenses of retired employees. The Trust's sole purpose is to ensure the continuity of health care support for those who have served the community school district in the past.


Official website here: www.centrallyon.org

Is Central Lyon Community School District Veba Trust legitimate?

Central Lyon Community School District Veba Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Central Lyon 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.centrallyon.org

What is the mission statement of Central Lyon Community School District Veba Trust?

The Central Lyon Community School District Veba Trust's primary mission is centered around providing health care benefits to eligible participants. The organization collects funds through program-related contributions, which are then utilized to support these health care benefits within the Veba Trust. The Trust was established with the sole intention of ensuring retiree health care benefits for eligible plan participants, functioning as a Voluntary Employees' Beneficiary Association.


Official website here: www.centrallyon.org

Who is the CEO of Central Lyon Community School District Veba Trust?

Unavailable


Official website here: www.centrallyon.org

What is the revenue of Central Lyon Community School District Veba Trust?

Central Lyon Community School District Veba Trust's revenue in 2022 was $60,186.


Official website here: www.centrallyon.org

Who are the executives of Central Lyon Community School District Veba Trust and what are their salaries?


There is 1 key member and their salary:


Jackie Wells (Business Manager)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.centrallyon.org

Where can I find the form 990EZ for Central Lyon Community School District Veba Trust?

Central Lyon Community School District Veba Trust's most recent form 990EZ was submitted in 2022 and can be accessed here.


Official website here: www.centrallyon.org

Learn more at the official website: www.centrallyon.org

Mission Statement of Central Lyon Community School District Veba Trust

The Central Lyon Community School District Veba Trust is a dedicated organization with a sole purpose. Its mission is to provide retiree health care benefits to eligible participants. This is achieved through the pooling of program-related contributions into the Veba Trust. The trust serves as a financial resource for funding these essential health care benefits, operating on a voluntary employees beneficiary association (VEBA) model. The Trust was established specifically for this purpose, ensuring that eligible retirees from the Central Lyon Community School District can continue to access necessary health care benefits post-retirement.

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Impact




October, 2024

Central Lyon Community School District Veba Trust significantly impacts the financial well-being of its eligible participants by providing essential retiree health care benefits. Through targeted contributions, the Trust ensures that former employees have access to necessary health care resources, thereby enhancing their quality of life after retirement. This financial support alleviates the burden of medical expenses, allowing retirees to focus on their health and wellness without the constant stress of healthcare costs. By prioritizing the health care needs of its participants, the Veba Trust fosters a sense of security and stability, contributing positively to the overall community well-being in Rock Rapids, IA.




This information is meant to be a general summary of Central Lyon 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.

Revenue
$60,186 (2022)
Expenses
$41,607 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $6,186
  • Gross Receipts: $60,186

Assets and Liabilities:

  • Total Assets: $395,414
  • Total Liabilities: $0
  • Net Assets: $395,414

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Organization Details

Main Address

1105 S STORY STREET, ROCK RAPIDS, IA, 51246

NTEE Category

Code: Y43 - Mutual benefit

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