Wayne Community School District Veba Trust

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

EIN: 472322881 ✦ Corydon, IA ✦ Designated as a 501(c)(9)

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Overview

What is Wayne Community School District Veba Trust?

The Wayne Community School District Veba Trust is a nonprofit organization situated in Corydon, Iowa. Serving as a Voluntary Employees Beneficiary Association, its primary function is to finance retiree healthcare benefits for eligible participants. The trust's total expenditure encompasses the health care benefits disbursed to these beneficiaries, while its revenue is derived from the contributions made by the organization towards this purpose. The Veba Trust plays a crucial role in providing financial support for retiree health care, thereby ensuring ongoing care for its participants.

Is Wayne Community School District Veba Trust legitimate?

Wayne Community School District Veba Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Wayne 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.

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

The Wayne Community School District Veba Trust serves as a Voluntary Employees Beneficiary Association, dedicated to funding retirement health care benefits for eligible participants. Its primary objective is to cover the health care expenses of these beneficiaries. The organization's income primarily comes from contributions made towards the Veba Trust for this purpose. In essence, the Wayne Community School District Veba Trust is committed to ensuring the well-being of its retirees by providing them with necessary health care benefits.

Who is the CEO of Wayne Community School District Veba Trust?

Unavailable

What is the revenue of Wayne Community School District Veba Trust?

Wayne Community School District Veba Trust's revenue in 2022 was $81,274.

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


There is 1 key member and their salary:


Denise Larson (Business Manager)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990EZ for Wayne Community School District Veba Trust?

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

Mission Statement of Wayne Community School District Veba Trust

The Wayne Community School District Veba Trust serves as a Voluntary Employees Beneficiary Association, dedicated to funding retirement health care benefits for eligible participants. Its primary objective is to cover health care expenses for these beneficiaries, with its total expenses primarily focused on this purpose. The trust derives its revenue from program-related contributions made towards the same goal.

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Impact




October, 2024

The Wayne Community School District Veba Trust significantly impacts the health care benefits landscape for retirees within the district. By operating as a Voluntary Employees Beneficiary Association, it ensures that eligible plan participants have access to essential health care benefits during retirement.

The trust plays a critical role in sustaining these benefits by managing contributions from the program, allowing the funding of health care costs exclusively for retirees. This structured approach not only provides financial support to those who have dedicated their careers to education but also promotes a sense of security among educators as they transition into retirement.

In Corydon, IA, the trust's focus on retiree health care underscores the importance of long-term planning and resource management in supporting the well-being of former employees. The clear connection between contributions and benefits reinforces community trust, creating a mutually beneficial system that supports both the retirees and the school district's commitment to its employees.




This information is meant to be a general summary of Wayne 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
$81,274 (2022)
Expenses
$50,809 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $2,233
  • Gross Receipts: $81,274

Assets and Liabilities:

  • Total Assets: $153,414
  • Total Liabilities: $0
  • Net Assets: $153,414

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Organization Details

Main Address

102 N DEKALB, CORYDON, IA, 50060

NTEE Category

Code: Y43 - Mutual benefit

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