Overview
What is City Of Annapolis Veba Health Savings Trust?
The City of Annapolis Veba Health Savings Trust is a nonprofit organization situated at 145 Gorman Street, Annapolis, Maryland. This entity functions as a Voluntary Employees' Beneficiary Association (VEBA), primarily serving the purpose of funding reimbursements for medical expenses under a health reimbursement arrangement. During the plan year 2022, this trust benefited a total of 389 participants. The VEBA's mission is to provide financial assistance for medical expenses, contributing to the overall well-being of its members.
Official website here: www.annapolis.gov
What do the Facebook reviews say about City Of Annapolis Veba Health Savings Trust?
78% of 36 reviewers on Facebook recommend the City Of Annapolis Veba Health Savings Trust. Here is a summary of their reviews:
The overall sentiment towards the nonprofit seems to be positive among those who have engaged with it. Supporters appreciate the efforts and resources the organization provides, indicating a level of satisfaction with the services aimed at managing health savings effectively.
However, it is important to note that some reviews are not directly related to the organization’s offerings, which may skew the perception of the engagement. Nonetheless, the majority of users express a favorable opinion, suggesting that the nonprofit fulfills its intended purpose for its community members.
This AI summary has been generated from reviews found on Facebook.
Is City Of Annapolis Veba Health Savings Trust legitimate?
City Of Annapolis Veba Health Savings Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. City Of Annapolis Veba Health Savings 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
For more financial information, click here
Official website here: www.annapolis.gov
What is the mission statement of City Of Annapolis Veba Health Savings Trust?
The City of Annapolis Veba Health Savings Trust is a Voluntary Employees' Beneficiary Association (VEBA) designed to fund the reimbursement of medical expenses under a health reimbursement arrangement. Its primary mission is to provide financial support for healthcare-related needs of its participants, benefiting a total of 389 individuals during the plan year 2022. The trust serves as a resource for covering eligible medical expenses, offering a crucial safety net for its members.
Official website here: www.annapolis.gov
Who is the CEO of City Of Annapolis Veba Health Savings Trust?
Hand Benefit Trust Co is the Trustee of City Of Annapolis Veba Health Savings Trust.
Official website here: www.annapolis.gov
What is the revenue of City Of Annapolis Veba Health Savings Trust?
City Of Annapolis Veba Health Savings Trust's revenue in 2022 was $706,201.
Official website here: www.annapolis.gov
Who are the executives of City Of Annapolis Veba Health Savings Trust and what are their salaries?
There is 1 key member and their salary:
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.annapolis.gov
Where can I find the form 990 for City Of Annapolis Veba Health Savings Trust?
City Of Annapolis Veba Health Savings Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.annapolis.gov
Learn more at the official website: www.annapolis.gov
Mission Statement of City Of Annapolis Veba Health Savings Trust
The City Of Annapolis Veba Health Savings Trust is a Voluntary Employees' Beneficiary Association (VEBA) with a mission to fund the reimbursement of medical expenses under a health reimbursement arrangement. This nonprofit organization serves the health needs of 389 participants during the plan year 2022, providing them with financial assistance for their medical expenses. The City Of Annapolis Veba Health Savings Trust operates a health reimbursement arrangement, which is a type of account that allows employees to save money for future medical expenses on a tax-advantaged basis. This nonprofit organization plays a crucial role in supporting its participants by providing them with the necessary funds to cover their medical expenses, thereby ensuring their overall health and well-being. The City Of Annapolis Veba Health Savings Trust's mission is to make healthcare more accessible and affordable for its participants, empowering them to take control of their health and financial future.
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Impact
October, 2024
The City of Annapolis VEBA Health Savings Trust significantly impacts its participants by providing financial support for medical expenses through a structured Health Reimbursement Arrangement (HRA). In the plan year 2022, it facilitated reimbursement for 389 participants, ensuring they had access to essential healthcare services without undue financial burden. By offering a voluntary benefits structure, the trust enhances the overall well-being of its participants, fostering a sense of security in managing healthcare costs. This mutual benefit approach not only assists individuals but also contributes to a healthier community in Annapolis by promoting proactive health management and reducing out-of-pocket expenses for necessary medical care.
This information is meant to be a general summary of City Of Annapolis Veba Health Savings 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: $90,955
- Program Service Revenue: $615,246
- Gross Receipts: $1,146,618
Assets and Liabilities:
- Total Assets: $5,198,941
- Total Liabilities: $0
- Net Assets: $5,198,941
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTIONS
Revenue
$615,246
Organization Details
Founding Year
2014
Phone
(410) 263-7998Principal Officer
Hand Benefit Trust Co
Main Address
145 Gorman Street 2nd Floor, Annapolis, MD, 21401
Website
www.annapolis.govNTEE Category
Code: Y43 - Mutual benefit
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