Overview
What is Veba Trust For Retirees Of Foothill-De Anza Community College?
Veba Trust for Retirees of Foothill-De Anza Community College is a charitable organization based in Los Altos Hills, California. Its primary mission is to support eligible former employees of the district by reimbursing their monthly basic Medicare insurance premiums, up to a maximum amount established by the Board of Trustees. This financial assistance aims to help these individuals manage their healthcare expenses during retirement.
Is Veba Trust For Retirees Of Foothill-De Anza Community College legitimate?
Veba Trust For Retirees Of Foothill-De Anza Community College is a legitimate nonprofit organization registered as a 501(c)(9) entity. Veba Trust For Retirees Of Foothill-De Anza Community College 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.
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What is the mission statement of Veba Trust For Retirees Of Foothill-De Anza Community College?
The Veba Trust for Retirees of Foothill-De Anza Community College has a mission to reimburse eligible former employees of the district for their Monthly Basic Medicare Insurance Premiums, up to the maximum amount established by the Board of Trustees. This initiative aims to assist these retirees in managing their healthcare expenses. The trust is primarily focused on providing financial aid to help cover these premiums, ensuring that eligible retirees can maintain their Medicare coverage. The trust does not involve itself in other aspects of retirement, such as pension plans or retirement benefits, but solely focuses on Medicare premium reimbursement.
Who is the CEO of Veba Trust For Retirees Of Foothill-De Anza Community College?
Chris White is the Trustee, Secretary of Veba Trust For Retirees Of Foothill-De Anza Community College.
What is the revenue of Veba Trust For Retirees Of Foothill-De Anza Community College?
Veba Trust For Retirees Of Foothill-De Anza Community College's revenue in 2022 was $193,678.
Who are the executives of Veba Trust For Retirees Of Foothill-De Anza Community College and what are their salaries?
Here are 10 key members and their salaries:
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Where can I find the form 990 for Veba Trust For Retirees Of Foothill-De Anza Community College?
Veba Trust For Retirees Of Foothill-De Anza Community College's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Veba Trust For Retirees Of Foothill-De Anza Community College
Veba Trust for Retirees of Foothill-De Anza Community College is a mission-driven organization that aims to assist qualified former employees of the district, known as "eligible persons." Its primary purpose is to reimburse these individuals for their monthly basic Medicare insurance premiums, up to a maximum amount established by the Board of Trustees. This financial support is intended to alleviate the financial burden associated with Medicare premiums for these retirees. By providing this reimbursement, Veba Trust for Retirees of Foothill-De Anza Community College seeks to support the well-being and financial stability of its eligible members, ensuring that they can maintain their health coverage with ease.
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Impact
October, 2024
The Veba Trust for Retirees of Foothill-De Anza Community College provides critical support to former employees by reimbursing them for their monthly basic Medicare insurance premiums. This assistance enables retirees to manage healthcare costs effectively, enhancing their financial security and quality of life during retirement.
By covering these premiums up to a specified amount determined by the Board of Trustees, the trust alleviates some of the financial burdens that retirees face, ensuring that they have access to necessary healthcare services. This financial support fosters a sense of stability for eligible individuals, allowing them to focus on their well-being without the constant worry of rising insurance costs.
In summary, the Veba Trust plays a vital role in supporting the health and financial stability of retired employees from the Foothill-De Anza Community College District, affirming their contributions and providing peace of mind in their later years.
This information is meant to be a general summary of Veba Trust For Retirees Of Foothill-De Anza Community College. 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: $30,050
- Program Service Revenue: $163,628
- Gross Receipts: $193,678
Assets and Liabilities:
- Total Assets: $2,269,941
- Total Liabilities: $11,100
- Net Assets: $2,258,841
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYEE CONTRIBUTIONS
Revenue
$163,628
Organization Details
Founding Year
2015
Phone
(408) 288-4400Principal Officer
Chris White
Main Address
12345 EL MONTE ROAD, LOS ALTOS HILLS, CA, 94022
NTEE Category
Code: Y43 - Mutual benefit
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