Overview
What is Retirement Enhancement And Benefits Alternatives Veba Trust?
Retirement Enhancement and Benefits Alternatives Veba Trust is a nonprofit organization based in Minneapolis, Minnesota. Its primary mission is to fund medical expense reimbursements under a Health Reimbursement Arrangement. The trust served approximately 2,570 participants who sought medical care, incurring a total cost of $1,364,532. This nonprofit organization supports individuals in managing their healthcare expenses, providing a vital service in the healthcare sector.
Is Retirement Enhancement And Benefits Alternatives Veba Trust legitimate?
Retirement Enhancement And Benefits Alternatives Veba Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Retirement Enhancement And Benefits Alternatives 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 Retirement Enhancement And Benefits Alternatives Veba Trust?
The Retirement Enhancement and Benefits Alternatives Veba Trust is dedicated to funding medical expense reimbursements under a Health Reimbursement Arrangement. This organization supports its participants by covering their medical costs, as evidenced by the approximately 2,570 individuals who received medical care for a total of $1,364,532. The Trust's primary function is to facilitate the reimbursement of eligible medical expenses for its participants, providing a financial safety net for their healthcare needs.
Who is the CEO of Retirement Enhancement And Benefits Alternatives Veba Trust?
Voya Institutional Trust is the Principal Officer of Retirement Enhancement And Benefits Alternatives Veba Trust.
What is the revenue of Retirement Enhancement And Benefits Alternatives Veba Trust?
Retirement Enhancement And Benefits Alternatives Veba Trust's revenue in 2022 was $2,006,749.
Who are the executives of Retirement Enhancement And Benefits Alternatives 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 Retirement Enhancement And Benefits Alternatives Veba Trust?
Retirement Enhancement And Benefits Alternatives Veba Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Retirement Enhancement And Benefits Alternatives Veba Trust
Retirement Enhancement and Benefits Alternatives Veba Trust, as per its mission, is dedicated to funding the reimbursement of medical expenses under a Health Reimbursement Arrangement. This nonprofit organization plays a crucial role in supporting its approximately 2,570 participants who require medical care, providing financial assistance in the amount of $1,364,532. By fulfilling this purpose, Retirement Enhancement and Benefits Alternatives Veba Trust contributes to the well-being of its members by alleviating the financial burden associated with medical expenses, thereby ensuring that they can focus on their health and recovery.
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Impact
October, 2024
The Retirement Enhancement And Benefits Alternatives VEBA Trust plays a significant role in managing healthcare costs for its participants by providing a structured mechanism for reimbursing medical expenses. With approximately 2,570 participants, the trust has facilitated access to medical care amounting to $1,364,532, which highlights its effectiveness in supporting individuals in managing their healthcare expenses.
By funding reimbursements through a Health Reimbursement Arrangement (HRA), the trust helps alleviate the financial burden associated with medical expenses, thereby promoting better health outcomes for its members. This financial support encourages individuals to seek necessary medical care without the added stress of high out-of-pocket costs, ultimately contributing to a healthier community.
The trust's mission to enhance financial well-being through medical expense reimbursement underscores its commitment to mutual benefit, fostering a supportive environment for those in need of medical assistance. Its impact reaches beyond individual members, promoting a culture of health and wellness within the broader Minneapolis community.
This information is meant to be a general summary of Retirement Enhancement And Benefits Alternatives 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: $296,305
- Program Service Revenue: $1,710,444
- Gross Receipts: $2,006,749
Assets and Liabilities:
- Total Assets: $13,363,599
- Total Liabilities: $0
- Net Assets: $13,363,599
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTION
Revenue
$1,710,444
Organization Details
Founding Year
2005
Phone
(612) 436-4600Principal Officer
Voya Institutional Trust
Main Address
CO CBIZ 222 SOUTH 9TH STREET, MINNEAPOLIS, MN, 55402
NTEE Category
Code: Y44 - Mutual benefit
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