Municipal Building Commission Veba Plan

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

EIN: 826685644 ✦ Minneapolis, MN ✦ Designated as a 501(c)(9)

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Overview

What is Municipal Building Commission Veba Plan?

The Municipal Building Commission Veba Plan is a nonprofit entity situated in Minneapolis, Minnesota, specifically at 350 South Fifth Street. Its primary purpose is to manage a health reimbursement arrangement, serving 59 participants during the 2022 plan year. This arrangement aims to cover and reimburse medical expenses for the participants. The plan's mission is centered around enhancing the accessibility of healthcare for its members, providing them with financial support during their medical needs.

Is Municipal Building Commission Veba Plan legitimate?

Municipal Building Commission Veba Plan is a legitimate nonprofit organization registered as a 501(c)(9) entity. Municipal Building Commission Veba Plan 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 Municipal Building Commission Veba Plan?

The Municipal Building Commission Veba Plan's mission is centered around providing financial assistance. Specifically, it funds the reimbursement of medical expenses under a health reimbursement arrangement. This is done to support 59 participants during the plan year 2022. The plan aims to alleviate some of the financial burden associated with healthcare costs, thereby enhancing the participants' overall wellbeing. It operates under a health reimbursement arrangement, which is a setup that allows eligible expenses to be reimbursed tax-free. This plan serves as a valuable resource for those participating, helping them manage their healthcare expenses more effectively.

Who is the CEO of Municipal Building Commission Veba Plan?

Bpas is the Principal Officer of Municipal Building Commission Veba Plan.

What is the revenue of Municipal Building Commission Veba Plan?

Municipal Building Commission Veba Plan's revenue in 2022 was $23,171.

Who are the executives of Municipal Building Commission Veba Plan and what are their salaries?


There is 1 key member and their salary:


Hand Benefit Trust Co (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Municipal Building Commission Veba Plan?

Municipal Building Commission Veba Plan's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Municipal Building Commission Veba Plan

The Municipal Building Commission Veba Plan, as described, is a mission-driven entity aimed at providing financial assistance. Its primary objective is to fund the reimbursement of medical expenses under a health reimbursement arrangement. This arrangement is designed to support 59 participants during the plan year 2022. Essentially, the plan serves as a financial resource for individuals to cover their medical expenses, offering a certain level of financial relief and support. The Municipal Building Commission Veba Plan's mission is therefore instrumental in ensuring that participants can access necessary healthcare services without undue financial burden.

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Impact




October, 2024

The Municipal Building Commission Veba Plan serves to provide financial support for medical expenses through a health reimbursement arrangement (HRA) for 59 participants during the plan year 2022. By facilitating reimbursement for medical costs, the plan promotes access to necessary healthcare services, ultimately enhancing the well-being of its participants. This financial assistance assists individuals in managing their healthcare expenses, which can alleviate the burden of out-of-pocket costs. Additionally, the plan strengthens the overall employee benefits structure within the community, contributing to a supportive work environment and fostering mutual benefit among participants. In summary, the plan provides vital support that can lead to improved health outcomes and financial security for its members in Minneapolis, MN.




This information is meant to be a general summary of Municipal Building Commission Veba Plan. 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
$23,171 (2022)
Expenses
$14,059 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $51
  • Program Service Revenue: $23,120
  • Gross Receipts: $36,924

Assets and Liabilities:

  • Total Assets: $296,010
  • Total Liabilities: $0
  • Net Assets: $296,010

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Programs

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

EMPLOYER CONTRIBUTIONS

Revenue

$23,120

Organization Details

Founding Year

2018

Principal Officer

Bpas

Main Address

350 South Fifth Street, Minneapolis, MN, 55415

NTEE Category

Code: Y44 - Mutual benefit

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