Overview
What is South Coast Air Quality Management District Veba Trust?
The South Coast Air Quality Management District Veba Trust is a nonprofit organization with a unique mission. Its primary function is to provide reimbursement for eligible health insurance premium expenses for retired employees upon their retirement. Operating as a premium-only health reimbursement agreement, the trust offers programs for covering premium costs and related administrative fees. Upon termination of employment, participants can submit claims to the trust for reimbursement, making it an essential resource for retired employees in managing their healthcare expenses.
Is South Coast Air Quality Management District Veba Trust legitimate?
South Coast Air Quality Management District Veba Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. South Coast Air Quality Management District 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 South Coast Air Quality Management District Veba Trust?
The South Coast Air Quality Management District Veba Trust's primary objective is to reimburse eligible health insurance premium expenses for retired employees following the termination of their employment. Operating as a premium-only health reimbursement agreement, the trust provides programs for the reimbursement of premium costs and administrative fees. The trust serves as a resource for retired employees, assisting them in managing their health insurance expenses post-employment.
Who is the CEO of South Coast Air Quality Management District Veba Trust?
Plan Sponsor Rep - A John Olvera Sc is the Deputy Execu of South Coast Air Quality Management District Veba Trust.
What is the revenue of South Coast Air Quality Management District Veba Trust?
South Coast Air Quality Management District Veba Trust's revenue in 2022 was $228,947.
Who are the executives of South Coast Air Quality Management District Veba Trust 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 South Coast Air Quality Management District Veba Trust?
South Coast Air Quality Management District Veba Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of South Coast Air Quality Management District Veba Trust
The South Coast Air Quality Management District Veba Trust is an organization dedicated to reimbursing eligible health insurance premium expenses for retired employees following the termination of their employment. This reimbursement is the sole purpose of the trust, which operates as a premium-only health reimbursement agreement. The trust provides programs for covering the premium costs and administrative fees associated with these health insurance plans, offering financial assistance to retired employees in need of healthcare coverage. The mission of the South Coast Air Quality Management District Veba Trust is to ensure that retired employees have access to affordable healthcare by providing reimbursement for their health insurance premium expenses.
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Impact
October, 2024
The South Coast Air Quality Management District Veba Trust significantly impacts retired employees by providing financial support for health insurance premium expenses. Upon termination of employment, participants can submit claims to be reimbursed for eligible health insurance premiums, alleviating some financial burdens associated with post-employment healthcare costs. This trust operates specifically as a premium-only health reimbursement agreement, ensuring that retirees have access to necessary health coverage without the strain of out-of-pocket expenses. By facilitating these reimbursements, the trust enhances the overall well-being of retired employees in the region, contributing to their financial security and helping them maintain access to health insurance during their retirement years.
This information is meant to be a general summary of South Coast Air Quality Management District 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: $19,733
- Program Service Revenue: $209,214
- Gross Receipts: $228,947
Assets and Liabilities:
- Total Assets: $694,790
- Total Liabilities: $0
- Net Assets: $694,790
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTIONS
Revenue
$209,214
Organization Details
Founding Year
2010
Phone
(909) 396-2828Principal Officer
Plan Sponsor Rep - A John Olvera Sc
Main Address
21865 COPLEY DRIVE, DIAMOND BAR, CA, 917654182
NTEE Category
Code: Y44 - Mutual benefit
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