Overview
What is Clinton Community School District Veba Trust?
Clinton Community School District Veba Trust is a nonprofit organization situated in Clinton, Iowa, specifically at 1401 12th Avenue North. Its primary mission is to serve as a Voluntary Employees' Beneficiary Association (VEBA), formed for the sole purpose of funding retiree health care benefits to eligible participants within the school district. The trust's activities are focused on managing healthcare-related expenses for eligible participants, which are funded through program-related contributions made to the trust. In essence, the Clinton Community School District Veba Trust acts as a dedicated fund to ensure that retired employees continue to receive healthcare benefits.
Is Clinton Community School District Veba Trust legitimate?
Clinton Community School District Veba Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Clinton Community School District 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 Clinton Community School District Veba Trust?
The Clinton Community School District Veba Trust was established with a singular purpose: to fund retiree health care benefits for eligible participants of the associated plan. This Voluntary Employees Beneficiary Association (VEBA) trust was formed to cater to this specific need. The primary activity of the trust involves covering health care expenses for the eligible beneficiaries. The total revenue of the trust is derived from the organization's program-related contributions, which are directed towards funding the retiree health care benefits for the participants. In essence, the Clinton Community School District Veba Trust aims to ensure the financial well-being of its participants in their retirement years by providing them with essential health care benefits.
Who is the CEO of Clinton Community School District Veba Trust?
Cindy Mcaleer is the Board President of Clinton Community School District Veba Trust.
What is the revenue of Clinton Community School District Veba Trust?
Clinton Community School District Veba Trust's revenue in 2022 was $6,635.
Who are the executives of Clinton Community School District Veba Trust and what are their salaries?
Here are 2 key members and their salaries:
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Where can I find the form 990 for Clinton Community School District Veba Trust?
Clinton Community School District Veba Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Clinton Community School District Veba Trust
The Clinton Community School District Veba Trust, established as a Voluntary Employees Beneficiary Association, was formed with a singular purpose: to fund retiree health care benefits for eligible participants within the plan. This nonprofit organization's mission is centered around providing financial support for the retirement health care needs of its participants, ensuring they receive the necessary benefits after their employment. The Trust's activities are primarily focused on contributing to the Veba Trust, which in turn, is responsible for funding these retiree health care benefits.
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Impact
October, 2024
Clinton Community School District VEBA Trust plays a crucial role in providing health care benefits to eligible retirees, ensuring that individuals who have dedicated their careers to the district receive necessary support in their post-employment years. By funding retiree health care benefits, the Trust alleviates the financial burden of medical expenses for participants, creating a sense of security and well-being during a pivotal stage of life.
The Trust's operations are funded through program-related contributions, emphasizing the commitment of the community and its stakeholders to the well-being of former employees. The total expenses are allocated directly to healthcare benefits, reinforcing the Trust's mission to focus resources exclusively on supporting those who have served the Clinton Community School District.
Through its dedicated efforts, the VEBA Trust fosters a supportive environment that honors the contributions of retirees, ultimately benefiting the broader community by promoting the health and wellness of its members.
This information is meant to be a general summary of Clinton 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: $2,409
- Program Service Revenue: $4,226
- Gross Receipts: $6,635
Assets and Liabilities:
- Total Assets: $132,997
- Total Liabilities: $0
- Net Assets: $132,997
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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
$4,226
Organization Details
Founding Year
2013
Phone
(563) 243-9600Principal Officer
Cindy Mcaleer
Main Address
1401 12TH AVENUE NORTH, CLINTON, IA, 52732
NTEE Category
Code: Y44 - Mutual benefit
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