Overview
What is Davenport Community School District Veba Trust?
The Davenport Community School District Veba Trust is a nonprofit organization situated in Davenport, Iowa, specifically at 1702 N Main Street. Its primary mission is to serve as a Voluntary Employees' Beneficiary Association (VEBA), established with the sole aim of funding retirement health care benefits for eligible participants within the organization. The trust's operations involve managing program-related contributions to cover the health care benefits of eligible participants. The trust's activities encompass providing health care benefits to its participants, ensuring that they have access to essential health care services in their retirement.
Official website here: www.davenportschools.org
Is Davenport Community School District Veba Trust legitimate?
Davenport Community School District Veba Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Davenport 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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Official website here: www.davenportschools.org
What is the mission statement of Davenport Community School District Veba Trust?
The Davenport Community School District Veba Trust was established with a singular purpose: to fund retirement health care benefits for eligible participants within the voluntary employees' association. The trust's mission is to ensure these individuals receive the necessary health care benefits. The organization's activities are primarily focused on contributing financially to the Veba Trust for the provision of retirement health care benefits to eligible participants. The total expense of the trust comprises the health care benefits paid out to eligible participants. The total revenue of the organization represents its contributions to the trust for this purpose.
Official website here: www.davenportschools.org
Who is the CEO of Davenport Community School District Veba Trust?
Claudia Wood is the Chief Financial Officer of Davenport Community School District Veba Trust.
Official website here: www.davenportschools.org
What is the revenue of Davenport Community School District Veba Trust?
Davenport Community School District Veba Trust's revenue in 2022 was $1,045,069.
Official website here: www.davenportschools.org
Who are the executives of Davenport 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.davenportschools.org
Where can I find the form 990 for Davenport Community School District Veba Trust?
Davenport Community School District Veba Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.davenportschools.org
Learn more at the official website: www.davenportschools.org
Mission Statement of Davenport Community School District Veba Trust
The Davenport Community School District Veba Trust, established as a Voluntary Employees Beneficiary Association, was formed with a singular purpose: to fund retirement health care benefits for eligible participants. This nonprofit association was established with the intention of providing financial support for the health care needs of its members post-retirement. The total expenses of the trust are primarily directed towards the payment of health care benefits to these eligible participants. The revenue for the trust is derived from the organization's program-related contributions, which are specifically allocated towards funding these retirement health care benefits for the participants.
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Impact
October, 2024
The Davenport Community School District VEBA Trust has a significant impact by providing essential funding for retiree healthcare benefits to eligible participants. It serves the retired employees of the Davenport Community School District by ensuring that they have access to necessary health care services after their working years. The Trust's primary activity involves accumulating contributions designated for this purpose, which directly supports the well-being of retirees in the community.
By financing healthcare benefits, the Trust alleviates the financial burden that health-related expenses can impose on retirees, enhancing their quality of life post-employment. This operation not only underscores the district's commitment to its employees but also promotes a sense of security among current staff, knowing that their retirement benefits are being actively managed and funded. In essence, the Davenport Community School District VEBA Trust plays a crucial role in safeguarding the health and welfare of its retired workforce, contributing positively to the overall community in Davenport, Iowa.
This information is meant to be a general summary of Davenport 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: $37,054
- Program Service Revenue: $1,008,015
- Gross Receipts: $1,045,069
Assets and Liabilities:
- Total Assets: $2,746,639
- Total Liabilities: $0
- Net Assets: $2,746,639
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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
$1,008,015
Organization Details
Founding Year
2013
Phone
(563) 336-3806Principal Officer
Claudia Wood
Main Address
1702 N MAIN STREET, DAVENPORT, IA, 52803
Website
www.davenportschools.orgNTEE Category
Code: Y44 - Mutual benefit
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