Overview
What is Olivenhain Municipal Water District Medical Savings Veba Trust?
Olivenhain Municipal Water District Medical Savings Veba Trust is a nonprofit organization located at 1966 Olivenhain Road, Encinitas, California 92024. The primary purpose of this organization is to fund medical expenses under a Health Reimbursement Arrangement. With approximately 82 participants, they provide financial assistance for medical care, amounting to $68,829. Although the information does not specify the scope of their reach, it is assumed that their services are limited to those associated with the Olivenhain Municipal Water District.
Is Olivenhain Municipal Water District Medical Savings Veba Trust legitimate?
Olivenhain Municipal Water District Medical Savings Veba Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Olivenhain Municipal Water District Medical Savings 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 Olivenhain Municipal Water District Medical Savings Veba Trust?
The Olivenhain Municipal Water District Medical Savings Veba Trust is focused on funding the reimbursement of medical expenses under a Health Reimbursement Arrangement. This organization provides financial assistance for medical costs, supporting individuals who require medical care. The Trust had approximately 82 participants who received medical care, amounting to $68,829, as per the information provided. The main objective of the Trust is to facilitate the reimbursement of medical expenses, offering financial relief to those in need.
Who is the CEO of Olivenhain Municipal Water District Medical Savings Veba Trust?
Matrix Trust Company is the Trustee of Olivenhain Municipal Water District Medical Savings Veba Trust.
What is the revenue of Olivenhain Municipal Water District Medical Savings Veba Trust?
Olivenhain Municipal Water District Medical Savings Veba Trust's revenue in 2022 was $180,638.
Who are the executives of Olivenhain Municipal Water District Medical Savings Veba Trust and what are their salaries?
There is 1 key member and their salary:
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Olivenhain Municipal Water District Medical Savings Veba Trust?
Olivenhain Municipal Water District Medical Savings Veba Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Olivenhain Municipal Water District Medical Savings Veba Trust
Olivenhain Municipal Water District Medical Savings Veba Trust is an organization dedicated to funding medical expenses under a Health Reimbursement Arrangement. This nonprofit entity provides a mechanism for its approximately 82 participants to cover their medical costs, amounting to a total of $68,829. By managing this Health Reimbursement Arrangement, Olivenhain Municipal Water District Medical Savings Veba Trust plays a crucial role in alleviating the financial burden of medical expenses for its members. The Trust's mission is to ensure that its participants have the financial means to access necessary medical care, thereby promoting overall health and well-being.
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Impact
October, 2024
The Olivenhain Municipal Water District Medical Savings VEBA Trust plays a significant role in promoting the health and financial well-being of its participants through a Health Reimbursement Arrangement (HRA). By facilitating the reimbursement of medical expenses, the trust provides critical financial support to employees, allowing them to better manage healthcare costs.
With approximately 82 participants benefiting from the program, the trust has reimbursed a total of $68,829 for medical care. This assistance not only alleviates the financial burden associated with healthcare but also fosters a healthier workforce, ultimately leading to increased productivity and morale among employees. Additionally, this initiative contributes to the overall stability and satisfaction within the organization, reinforcing a culture of support and well-being.
This information is meant to be a general summary of Olivenhain Municipal Water District Medical Savings 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: $6,771
- Program Service Revenue: $173,867
- Gross Receipts: $180,638
Assets and Liabilities:
- Total Assets: $669,904
- Total Liabilities: $0
- Net Assets: $669,904
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTION
Revenue
$173,867
Organization Details
Founding Year
2014
Phone
(760) 632-4211Principal Officer
Matrix Trust Company
Main Address
1966 OLIVENHAIN ROAD, ENCINITAS, CA, 92024
NTEE Category
Code: Y44 - Mutual benefit
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