Overview
What is Asri Veba Trust?
Asri Veba Trust serves as a funding vehicle for plan sponsors to extend health and welfare benefits to their participants and their dependents. Operating as a Voluntary Employee Benefit Association, this nonprofit organization is established solely for the benefit of its participants. The trust's primary mission is to provide financial support for the payment of health and welfare benefits to its participants and their family members, adhering to the guidelines set by Section 509(C)(9) of the Internal Revenue Code.
Is Asri Veba Trust legitimate?
Asri Veba Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Asri 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: -$68
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Asri Veba Trust?
The Asri Veba Trust is established and operated as a voluntary employee benefit association, solely for the benefit of its participating members. Its primary function is to provide health and welfare benefits to these members and their dependents, in accordance with Section 509(C)(9) of the Internal Revenue Code. The trust serves as the funding vehicle for plan sponsors, enabling them to offer comprehensive health and welfare benefits to their employees. The Asri Veba Trust's mission is centered around providing essential benefits, ensuring the well-being and support of its members.
Who is the CEO of Asri Veba Trust?
Regions Wealth Mgmt is the Trustee of Asri Veba Trust.
What is the revenue of Asri Veba Trust?
Asri Veba Trust's revenue in 2022 was $88,811.
Who are the executives of Asri Veba Trust and what are their salaries?
There is 1 key member and their salary:
- Compensation: $68
- Related: $0
- Other: $0
Where can I find the form 990 for Asri Veba Trust?
Asri Veba Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Asri Veba Trust
Asri Veba Trust is established and operates as a Voluntary Employee Benefit Association (VEBA) with a sole purpose. This organization is dedicated to providing health and welfare benefits to its participants and their dependents, in accordance with Section 509(C)(9) of the Internal Revenue Code. The Trust serves as a funding vehicle for the plan sponsors, enabling them to extend these essential benefits to their employees and their families. By doing so, Asri Veba Trust plays a crucial role in enhancing the overall well-being of its participants, ensuring they have access to necessary healthcare and welfare support.
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Impact
October, 2024
Asri Veba Trust primarily impacts participants and their dependents by providing access to essential health and welfare benefits. By serving as a funding vehicle for plan sponsors, it ensures that employees receive vital support for healthcare needs, which can significantly enhance their quality of life. The Trust helps alleviate the financial burden associated with medical expenses, allowing participants to focus on their well-being and that of their families.
Operating under the provisions of the Internal Revenue Code, specifically section 509(c)(9), the Trust is designed to function as a voluntary employee benefit association. This structure fosters a sense of community and mutual aid among participants, promoting a culture of shared responsibility and support.
Based in Birmingham, Alabama, Asri Veba Trust plays a crucial role in the local workforce landscape by empowering employees and their families with the necessary resources to navigate health challenges. Its commitment to providing comprehensive benefits reflects a broader commitment to improving employee satisfaction and retention, contributing positively to workplace morale and productivity.
This information is meant to be a general summary of Asri 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: $8,125
- Program Service Revenue: $80,686
- Gross Receipts: $88,811
Assets and Liabilities:
- Total Assets: $528,759
- Total Liabilities: $0
- Net Assets: $528,759
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER/EMPLOYEE CONTRIB FOR MED P
Revenue
$80,686
Organization Details
Founding Year
2015
Phone
(205) 820-3141Principal Officer
Regions Wealth Mgmt
Main Address
P O BOX 11647, BIRMINGHAM, AL, 35202
NTEE Category
Code: Y43 - Mutual benefit
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