Overview
What is City Of Auburn Veba Trust?
The City of Auburn VEBA Trust is a nonprofit organization situated at 25 West Main Street, Auburn, WA 98001. Their primary focus is on managing a Health Reimbursement Arrangement, funded by the trust, which benefits a total of 961 participants during the plan year 2022. This arrangement is designed to reimburse eligible medical expenses. Essentially, the City of Auburn VEBA Trust serves as a voluntary employees' beneficiary association, providing financial support for its members' healthcare-related costs.
Is City Of Auburn Veba Trust legitimate?
City Of Auburn Veba Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. City Of Auburn 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 City Of Auburn Veba Trust?
The City of Auburn Veba Trust serves as a Voluntary Employees' Beneficiary Association (VEBA). Its primary mission is to fund the reimbursement of eligible medical expenses under a Health Reimbursement Arrangement. This association benefits approximately 961 participants during the plan year 2022, providing financial support for their healthcare needs.
Who is the CEO of City Of Auburn Veba Trust?
City Of Auburn is the Principal Officer of City Of Auburn Veba Trust.
What is the revenue of City Of Auburn Veba Trust?
City Of Auburn Veba Trust's revenue in 2022 was $1,906,710.
Who are the executives of City Of Auburn Veba 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 Auburn Veba Trust?
City Of Auburn Veba Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of City Of Auburn Veba Trust
The City of Auburn VEBA Trust, short for Voluntary Employees' Beneficiary Association, serves as a crucial fund for reimbursing eligible medical expenses under a Health Reimbursement Arrangement. This nonprofit organization aims to financially support 961 participating individuals throughout the plan year 2022, ensuring they can cover their medical expenses effectively. The City of Auburn VEBA Trust operates as a safety net, offering financial assistance to its members during healthcare-related expenditures, further contributing to their overall wellbeing.
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Impact
October, 2024
The City of Auburn VEBA Trust plays a significant role in supporting the health and financial well-being of its participants by providing a structured way to reimburse eligible medical expenses. By offering a Health Reimbursement Arrangement, it enables 961 participants to manage their healthcare costs more effectively during the plan year 2022. This financial support helps ease the burden of medical expenses, allowing individuals to seek necessary care without the added stress of how to pay for it.
The VEBA Trust fosters a sense of security among participants, as it provides a reliable resource for reimbursement, ensuring that members have access to the necessary funds for medical needs. This community-driven initiative promotes mutual benefit by creating an environment where members can collectively enhance their health care experience and, ultimately, their overall quality of life. By alleviating some of the financial strain associated with healthcare expenses, the trust contributes to a healthier, more engaged community in Auburn, WA.
This information is meant to be a general summary of City Of Auburn 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: $113,397
- Program Service Revenue: $1,793,313
- Gross Receipts: $3,396,946
Assets and Liabilities:
- Total Assets: $13,850,074
- Total Liabilities: $0
- Net Assets: $13,850,074
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTIONS
Revenue
$1,793,313
Organization Details
Founding Year
2016
Phone
(253) 931-3070Principal Officer
City Of Auburn
Main Address
25 West Main Street, Auburn, WA, 98001
NTEE Category
Code: Y44 - Mutual benefit
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