Overview
What is Brooklyn Center Schools 286 Hra?
Brooklyn Center Schools 286 Hra, located in Brooklyn Center, Minnesota, is a health reimbursement arrangement established by the Brooklyn Center County Schools #286. This voluntary employees' beneficiary association (VEBA) aims to provide financial assistance for eligible medical expenses under the health reimbursement arrangement. The arrangement benefits 367 participants during the plan year 2021. This VEBA serves as a valuable resource for the participating individuals, contributing to their healthcare needs.
Is Brooklyn Center Schools 286 Hra legitimate?
Brooklyn Center Schools #286 Hra is a legitimate nonprofit organization registered as a 501(c)(9) entity. Brooklyn Center Schools #286 Hra 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 Brooklyn Center Schools 286 Hra?
Brooklyn Center Schools 286 Hra operates as a Voluntary Employees' Beneficiary Association (VEBA), with the primary mission to fund the reimbursement of eligible medical expenses under a Health Reimbursement Arrangement. This organization serves to support 367 participants during the plan year 2021, providing financial assistance for their healthcare needs. The purpose of this VEBA is to alleviate some of the financial burden associated with medical expenses, thereby ensuring better access to necessary healthcare services for its members.
Who is the CEO of Brooklyn Center Schools 286 Hra?
Hand Benefit Trust Co is the Trustee of Brooklyn Center Schools #286 Hra.
What is the revenue of Brooklyn Center Schools 286 Hra?
Brooklyn Center Schools 286 Hra's revenue in 2022 was $221,860.
Who are the executives of Brooklyn Center Schools 286 Hra 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 Brooklyn Center Schools 286 Hra?
Brooklyn Center Schools 286 Hra's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Brooklyn Center Schools 286 Hra
Brooklyn Center Schools 286 HRA, a Voluntary Employees' Beneficiary Association (VEBA), is dedicated to funding the reimbursement of eligible medical expenses under a health reimbursement arrangement. This nonprofit organization aims to provide financial support for the medical needs of its 367 participants throughout the plan year 2021. The mission of Brooklyn Center Schools 286 HRA is to ensure that its beneficiaries have access to necessary medical care, alleviating the financial burden associated with such expenses. By acting as a funding source for eligible medical expenses, Brooklyn Center Schools 286 HRA plays a vital role in promoting the overall health and well-being of its participants.
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Impact
October, 2024
Brooklyn Center Schools 286 Hra has a significant impact on its participants by providing a structured Health Reimbursement Arrangement (HRA) that facilitates the reimbursement of eligible medical expenses. This arrangement serves 367 individuals, offering them a financial safety net for healthcare costs, thereby promoting access to necessary medical services.
By supporting eligible medical expenses, the program alleviates the burden of healthcare costs for employees, enhancing their overall financial well-being and encouraging them to seek necessary medical care without the fear of overwhelming expenses. This benefit plays a crucial role in fostering a healthier workforce, as it helps participants manage their health care needs more effectively.
Overall, Brooklyn Center Schools 286 Hra positively influences the lives of its members, contributing to their peace of mind and supporting their health and wellness.
This information is meant to be a general summary of Brooklyn Center Schools 286 Hra. 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: $3,078
- Program Service Revenue: $218,782
- Gross Receipts: $426,347
Assets and Liabilities:
- Total Assets: $578,306
- Total Liabilities: $0
- Net Assets: $578,306
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTIONS
Revenue
$218,782
Organization Details
Founding Year
2008
Phone
(763) 450-3386Principal Officer
Hand Benefit Trust Co
Main Address
6300 Shingle Creek Parkway, Brooklyn Center, MN, 55430
NTEE Category
Code: Y44 - Mutual benefit
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