Overview
What is City Of Mount Vernon Veba Trust?
The City of Mount Vernon Veba Trust is a nonprofit organization, specifically a Voluntary Employees' Beneficiary Association (VEBA), situated at 910 Cleveland Avenue, Mount Vernon, Washington 98273. This VEBA serves as a funding source for a Health Reimbursement Arrangement, benefiting 297 participants during the 2022 plan year. Its mission is to cover eligible medical expenses for its members, offering financial assistance for healthcare-related costs.
Is City Of Mount Vernon Veba Trust legitimate?
City Of Mount Vernon Veba Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. City Of Mount Vernon 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 Mount Vernon Veba Trust?
The City of Mount Vernon Veba Trust operates 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 organization serves a total of 297 participants during the plan year 2022, providing financial assistance for their medical needs.
Who is the CEO of City Of Mount Vernon Veba Trust?
City Of Mount Vernon is the Principal Officer of City Of Mount Vernon Veba Trust.
What is the revenue of City Of Mount Vernon Veba Trust?
City Of Mount Vernon Veba Trust's revenue in 2022 was $556,094.
Who are the executives of City Of Mount Vernon 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 Mount Vernon Veba Trust?
City Of Mount Vernon Veba Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of City Of Mount Vernon Veba Trust
The City of Mount Vernon VEBA Trust is a voluntary employees' beneficiary association with a mission to fund the reimbursement of eligible medical expenses under a health reimbursement arrangement. In simpler terms, this organization acts as a fund to cover eligible medical expenses for its participants through a health reimbursement plan. This trust benefits 297 participants during the plan year 2022. The City of Mount Vernon VEBA Trust plays a crucial role in providing financial assistance for medical expenses, helping individuals manage their healthcare costs more effectively.
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Impact
October, 2024
City of Mount Vernon VEBA Trust plays a critical role in supporting the health and well-being of its participants by providing a structured means to reimburse eligible medical expenses. By facilitating a Health Reimbursement Arrangement (HRA), the trust ensures that 297 participants can access financial assistance for necessary healthcare costs. This support alleviates the financial burden associated with medical expenses, allowing individuals to focus on their health without the added stress of out-of-pocket costs. Additionally, the trust fosters a sense of mutual benefit among employees, promoting a healthier workforce and contributing to overall community wellness in Mount Vernon, WA.
This information is meant to be a general summary of City Of Mount Vernon 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: -$2,765
- Program Service Revenue: $558,859
- Gross Receipts: $960,830
Assets and Liabilities:
- Total Assets: $1,257,855
- Total Liabilities: $0
- Net Assets: $1,257,855
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTIONS
Revenue
$558,859
Organization Details
Founding Year
2016
Phone
(360) 336-0636Principal Officer
City Of Mount Vernon
Main Address
910 Cleveland Avenue, Mount Vernon, WA, 98273
NTEE Category
Code: Y20 - Mutual benefit
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