Idaho Veba Group

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 816965795 ✦ Coeur dalene, ID ✦ Designated as a 501(c)(9)

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Overview

What is Idaho Veba Group?

Idaho Veba Group, abbreviated as IVG, is a coalition of public employers in Idaho. Their mission is to develop a Veba-funded Health Reimbursement Account (HRA) solution, allowing them to manage a plan with local expertise and control. This group aims to address the needs of public employers in Idaho, offering a tailored solution to their health benefits requirements. The IVG operates with a team of professionals based in Coeur d'Alene, Idaho.

Is Idaho Veba Group legitimate?

Idaho Veba Group is a legitimate nonprofit organization registered as a 501(c)(9) entity. Idaho Veba Group 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

For more financial information, click here

What is the mission statement of Idaho Veba Group?

The Idaho Veba Group, as a coalition of public employers, aims to address their need for a locally controlled health benefits plan. They accomplish this by creating a VEBAs-funded Health Reimbursement Account (HRA) solution, leveraging Idaho-based expertise in its operation. The primary goal is to provide their employees with a comprehensive and tailored health benefits plan, ensuring efficiency and effectiveness. The Idaho Veba Group also focuses on fostering collaboration between public employers, thereby enhancing the overall health benefits strategy.

Who is the CEO of Idaho Veba Group?

Justin Mcleod is the Chair of Idaho Veba Group.

What is the revenue of Idaho Veba Group?

Idaho Veba Group's revenue in 2022 was $2,403,155.

Who are the executives of Idaho Veba Group and what are their salaries?

There 2 volunteers at Idaho Veba Group.


Here are 3 key members and their salaries:


Justin Mcleod (Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Eva Hernandez (Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Danny Klocko (Vice Chair (Thru Nov 2022))
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Idaho Veba Group?

Idaho Veba Group's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Idaho Veba Group

The Idaho Veba Group, or IVG, is a coalition of public employers who have come together with a shared mission. They are working towards establishing a VEBAs (Voluntary Employers' Beneficiary Associations) funded Health Reimbursement Account (HRA) solution. This mission is driven by the need for these public employers to have control over a plan that is managed with local expertise, ensuring it aligns with their unique requirements. The coalition aims to create this solution to cater to their specific needs, thereby enhancing their overall benefits structure.

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Impact




October, 2024

Idaho Veba Group plays a crucial role in enhancing the healthcare benefits landscape for public employers in Idaho. By creating a VEBA-funded Health Reimbursement Arrangement (HRA) solution, they offer a tailored approach that addresses the unique needs of local entities. This initiative not only allows public employers to maintain control over their health benefit plans but also ensures that these plans are managed using Idaho-based expertise.

The coalition fosters collaboration among public employers, encouraging the sharing of resources and strategies to provide cost-effective healthcare solutions. This mutual benefit approach results in improved employee satisfaction and financial sustainability for participating entities. Moreover, by operating within Idaho, the Idaho Veba Group reinforces the local economy and prioritizes the specific challenges faced by its members, making a significant impact on the overall health and well-being of the community.




This information is meant to be a general summary of Idaho Veba Group. 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.

Revenue
$2,403,155 (2022)
Expenses
$1,880,523 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $96,786
  • Program Service Revenue: $2,306,369
  • Gross Receipts: $3,222,000

Assets and Liabilities:

  • Total Assets: $7,456,300
  • Total Liabilities: $0
  • Net Assets: $7,456,300

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

EMPLOYER CONTRIBUTIONS

Revenue

$2,306,369

Organization Details

Founding Year

2016

Principal Officer

Justin Mcleod

Main Address

330 E LAKESIDE SUITE 301, COEUR DALENE, ID, 83814

NTEE Category

Code: Y43 - Mutual benefit

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