Overview
What is Mpha Hra Veba Trust?
Mpha Hra Veba Trust is a voluntary employee benefit association (VEBA) established to fund and distribute employee benefits. The City of Minneapolis has adopted a health reimbursement plan within the Minnesota Public Housing Authority, with the purpose of providing welfare benefits for its employees and their eligible dependents. This plan reimburses expenses not covered by other insurance, aiming to support the well-being of its employees. The trust serves as a financial resource for these benefits, ensuring financial assistance during healthcare-related costs not covered by other insurance schemes.
Is Mpha Hra Veba Trust legitimate?
Mpha Hra Veba Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Mpha Hra 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: $2,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Mpha Hra Veba Trust?
The Mpha Hra Veba Trust, through the adoption of a Health Reimbursement Plan, aims to offer welfare benefits to the employees of the City of Minneapolis and its affiliated boards and agencies. This plan serves to reimburse any expenses incurred by an employee or their eligible dependents, which are not covered by other available insurance. The purpose is to provide financial assistance and support, ensuring comprehensive healthcare coverage for the employees and their families.
Who is the CEO of Mpha Hra Veba Trust?
Unavailable
What is the revenue of Mpha Hra Veba Trust?
Mpha Hra Veba Trust's revenue in 2022 was $415,605.
Who are the executives of Mpha Hra Veba Trust and what are their salaries?
There is 1 key member and their salary:
- Compensation: $2,000
- Related: $0
- Other: $0
Where can I find the form 990 for Mpha Hra Veba Trust?
Mpha Hra Veba Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Mpha Hra Veba Trust
Mpha Hra Veba Trust, a non-profit entity, has undertaken a mission to extend welfare benefits to the employees of the City of Minneapolis, along with its independent boards and agencies. The trust has adopted a Health Reimbursement Plan for the Minnesota Public Housing Authority, with the primary objective of reimbursing any uncovered expenses incurred by the employees or their eligible dependents. This plan serves as an additional insurance cover, catering to expenses not already covered by the existing insurance policies available to the employees.
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Impact
October, 2024
Mpha Hra Veba Trust significantly enhances the welfare of employees associated with the City of Minneapolis and its independent boards and agencies by providing a structured health reimbursement plan. This initiative facilitates the reimbursement of eligible medical expenses for employees and their dependents that are not covered by existing insurance plans.
By promoting access to necessary healthcare resources, Mpha Hra Veba Trust plays a crucial role in ensuring the financial well-being of its members. This trust empowers employees to seek medical care without the burden of excessive out-of-pocket expenses, ultimately leading to improved health outcomes and workplace morale. The focus on reimbursing relevant expenses fosters a supportive environment where employees can prioritize their health and wellbeing, contributing to a healthier workforce in the city. In this way, Mpha Hra Veba Trust not only provides valuable financial support but also underscores the importance of comprehensive employee benefits.
This information is meant to be a general summary of Mpha Hra 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: $18,886
- Program Service Revenue: $396,719
- Gross Receipts: $415,605
Assets and Liabilities:
- Total Assets: $1,473,596
- Total Liabilities: $0
- Net Assets: $1,473,596
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PLAN CONTRIBUTIONS
Revenue
$396,719
Organization Details
Founding Year
2014
Phone
(651) 466-6269Main Address
PO BOX 0634, MILWAUKEE, WI, 532010634
NTEE Category
Code: Y20 - Mutual benefit
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