Overview
What is Retirement Enhancement And Benefit Alternatives Veba Trust Iv?
Retirement Enhancement and Benefit Alternatives Veba Trust IV is a nonprofit organization based in Minneapolis, Minnesota. Its main purpose is to fund medical expense reimbursements under a Health Reimbursement Arrangement. Through this arrangement, the organization made reimbursements totalling 2,429,759 for medical expenses. Additionally, the trust manages investments, incurring expenses of 41,827 related to these funds. The trust's mission is to support its beneficiaries in managing their healthcare costs, contributing to their financial well-being.
Is Retirement Enhancement And Benefit Alternatives Veba Trust Iv legitimate?
Retirement Enhancement And Benefit Alternatives Veba Trust Iv is a legitimate nonprofit organization registered as a 501(c)(9) entity. Retirement Enhancement And Benefit Alternatives Veba Trust Iv 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 Retirement Enhancement And Benefit Alternatives Veba Trust Iv?
The Retirement Enhancement and Benefit Alternatives Veba Trust Iv's primary mission is to facilitate the reimbursement of medical expenses under a Health Reimbursement Arrangement. This organization serves to cover eligible medical costs, providing financial assistance to individuals in need. The Trust made medical expense reimbursements amounting to 2,429,759 during the specified period. Additionally, expenses related to the investment of the Trust's funds totaled 41,827.
Who is the CEO of Retirement Enhancement And Benefit Alternatives Veba Trust Iv?
Nik Lightfoot is the Reba Preside of Retirement Enhancement And Benefit Alternatives Veba Trust Iv.
What is the revenue of Retirement Enhancement And Benefit Alternatives Veba Trust Iv?
Retirement Enhancement And Benefit Alternatives Veba Trust Iv's revenue in 2022 was $1,774,119.
Who are the executives of Retirement Enhancement And Benefit Alternatives Veba Trust Iv and what are their salaries?
Here are 2 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Retirement Enhancement And Benefit Alternatives Veba Trust Iv?
Retirement Enhancement And Benefit Alternatives Veba Trust Iv's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Retirement Enhancement And Benefit Alternatives Veba Trust Iv
Retirement Enhancement and Benefit Alternatives VEBA Trust IV is a nonprofit organization dedicated to funding medical expense reimbursements under a Health Reimbursement Arrangement (HRA). Its mission is to provide financial assistance to individuals in covering their medical expenses, ensuring they can access necessary healthcare services without incurring excessive out-of-pocket costs. The trust made reimbursements totaling 2,429,759 for medical expenses, demonstrating its commitment to supporting individuals' health needs. Additionally, expenses related to the investment of trust funds amounted to 41,827. This suggests that the organization not only covers medical expenses but also manages its funds responsibly, ensuring their sustainability for future reimbursements.
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Impact
October, 2024
Retirement Enhancement And Benefit Alternatives VEBA Trust IV significantly impacts the healthcare landscape by providing financial support for medical expenses through its Health Reimbursement Arrangement (HRA). The organization facilitated medical expense reimbursements totaling $2,429,759, alleviating the financial burden on individuals facing healthcare costs. This support enhances access to necessary medical services and promotes overall health and well-being. Additionally, with the investment management of trust funds costing $41,827, the trust ensures that resources are effectively utilized to maximize benefits for those it serves. By focusing on healthcare reimbursement, it contributes to improving the quality of life for its beneficiaries in Minneapolis, MN, and potentially beyond.
This information is meant to be a general summary of Retirement Enhancement And Benefit Alternatives Veba Trust Iv. 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: $35,933
- Program Service Revenue: $1,738,186
- Gross Receipts: $1,774,119
Assets and Liabilities:
- Total Assets: $0
- Total Liabilities: $0
- Net Assets: $0
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTIONS
Revenue
$1,738,186
Organization Details
Founding Year
2016
Phone
(952) 401-5000Principal Officer
Nik Lightfoot
Main Address
222 S 9TH STREET SUITE 1000, MINNEAPOLIS, MN, 55402
NTEE Category
Code: Y30 - Mutual benefit
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