Overview
What is Raritan Valley Community College Veba Health Savings Trust?
Raritan Valley Community College Veba Health Savings Trust is a nonprofit organization situated in Branchburg, New Jersey. Its primary mission is to fund the reimbursement of medical expenses under a Health Reimbursement Arrangement. This organization, with approximately 252 participants, offers financial assistance for medical care, amounting to around $28,968. The Trust serves its purpose by managing and distributing funds for qualified medical expenses, contributing to the overall well-being and healthcare needs of its participants.
Is Raritan Valley Community College Veba Health Savings Trust legitimate?
Raritan Valley Community College Veba Health Savings Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Raritan Valley Community College Veba Health Savings 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 Raritan Valley Community College Veba Health Savings Trust?
The Raritan Valley Community College Veba Health Savings Trust's primary function is to fund the reimbursement of medical expenses under a Health Reimbursement Arrangement. This organization provides financial assistance for eligible medical expenses incurred by its approximately 252 participants, totaling approximately $28,968 in medical care. The Health Reimbursement Arrangement serves as a financial safety net for individuals, helping them cover their medical expenses. The Trust does not have a traditional mission statement as a charitable organization, but its primary role is to manage and disburse funds for medical expense reimbursements.
What is the revenue of Raritan Valley Community College Veba Health Savings Trust?
Raritan Valley Community College Veba Health Savings Trust's revenue in 2024 was $52,876.
Who are the executives of Raritan Valley Community College Veba Health Savings 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 Raritan Valley Community College Veba Health Savings Trust?
Raritan Valley Community College Veba Health Savings Trust's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of Raritan Valley Community College Veba Health Savings Trust
Raritan Valley Community College Veba Health Savings Trust is an organization committed to funding medical expenses under a Health Reimbursement Arrangement. Its primary mission is to reimburse eligible medical costs for approximately 252 participants who seek medical care. By providing this financial assistance, the trust aims to alleviate some of the financial burdens associated with healthcare expenses. The trust's activities are centered around this health reimbursement arrangement, which in 2022, resulted in a total reimbursement amount of $28,968.
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Impact
October, 2024
Raritan Valley Community College Veba Health Savings Trust plays a vital role in supporting individuals with their medical expenses through a Health Reimbursement Arrangement (HRA). In its recent activities, the organization has facilitated the reimbursement of medical expenses for approximately 252 participants, totaling around $28,968. This initiative not only alleviates financial burdens associated with healthcare but also promotes access to necessary medical services for the community in Branchburg, NJ. By providing these reimbursements, the Trust enhances the well-being of its participants, ensuring they can seek the care they need without undue financial stress.
This information is meant to be a general summary of Raritan Valley Community College Veba Health Savings 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 2024.
- Investment Income: $307
- Program Service Revenue: $52,569
- Gross Receipts: $52,876
Assets and Liabilities:
- Total Assets: $531,000
- Total Liabilities: $0
- Net Assets: $531,000
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTION
Revenue
$52,569
Organization Details
Founding Year
2016
Principal Officer
Matrix Trust Company
NTEE Category
Code: Y43 - Mutual benefit
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