Overview
What is City Of San Mateo Funded Hra Trust?
The City of San Mateo Funded HRA Trust is a nonprofit entity situated in San Mateo, California, specifically at 330 West 30th Street. Its primary mission is to manage a Health Reimbursement Arrangement (HRA), funding the reimbursement of eligible medical expenses for approximately 402 participants. This trust allows individuals to cover medical costs up to an amount of $862,991, as indicated in the provided information.
Is City Of San Mateo Funded Hra Trust legitimate?
City Of San Mateo Funded Hra Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. City Of San Mateo Funded Hra 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 City Of San Mateo Funded Hra Trust?
The City of San Mateo Funded HRA Trust's primary objective is to provide reimbursement for medical expenses under a Health Reimbursement Arrangement. This trust aims to support individuals by covering their healthcare expenses, as outlined in the agreement. The trust had approximately 402 participants who availed of medical care, incurring a total cost of $862,991. The mission of the trust is to facilitate financial assistance for medical expenses, serving as a safety net for those who require healthcare services.
Who is the CEO of City Of San Mateo Funded Hra Trust?
Voya Institutional Trust is the Principal Officer of City Of San Mateo Funded Hra Trust.
What is the revenue of City Of San Mateo Funded Hra Trust?
City Of San Mateo Funded Hra Trust's revenue in 2022 was $72,431.
Who are the executives of City Of San Mateo Funded Hra 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 City Of San Mateo Funded Hra Trust?
City Of San Mateo Funded Hra Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of City Of San Mateo Funded Hra Trust
The City of San Mateo Funded HRA Trust's primary mission is to provide reimbursement for medical expenses under a Health Reimbursement Arrangement (HRA). This organization plays a crucial role in supporting individuals with approved medical care costs, as evidenced by the approximately 402 participants who benefited from this service, accumulating a total of $862,991 in medical care expenses. By facilitating reimbursement, the City of San Mateo Funded HRA Trust helps alleviate the financial burden associated with healthcare expenses, ensuring that individuals can access necessary medical care. This nonprofit organization's mission is vital in promoting overall health and well-being among its participants.
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Impact
October, 2024
The City of San Mateo Funded HRA Trust significantly impacts the community by facilitating the reimbursement of medical expenses for its participants. With approximately 402 individuals benefiting from the health reimbursement arrangement, the Trust has enabled the disbursement of $862,991 for medical care. This financial support alleviates the burden of healthcare costs, ensuring that participants can access necessary medical services without the stress of overwhelming expenses. By promoting health and well-being within the San Mateo community, the Trust plays a crucial role in enhancing the quality of life for its members.
This information is meant to be a general summary of City Of San Mateo Funded Hra 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: -$1,120,809
- Program Service Revenue: $1,193,240
- Gross Receipts: $1,263,319
Assets and Liabilities:
- Total Assets: $14,497,791
- Total Liabilities: $0
- Net Assets: $14,497,791
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTION
Revenue
$1,193,240
Organization Details
Founding Year
2015
Phone
(650) 522-7040Principal Officer
Voya Institutional Trust
Main Address
330 WEST 30TH STREET, SAN MATEO, CA, 94403
NTEE Category
Code: Y44 - Mutual benefit
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