Overview
What is Matheny Veba Plan And Trust?
Matheny Veba Plan and Trust is a nonprofit organization, specifically a welfare benefit plan, situated in Peapack, New Jersey. Its primary mission is to safeguard eligible employees and their dependents from certain health-related expenses. To achieve this objective, the organization must prioritize cost control and efficiency in plan design and provisions, while adhering to the terms outlined in the plan document. This ensures the optimal allocation of resources to support participating individuals in the plan, helping them manage financial impacts resulting from injury or sickness.
Is Matheny Veba Plan And Trust legitimate?
Matheny Veba Plan And Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Matheny Veba Plan And 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: $1,594
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Matheny Veba Plan And Trust?
The mission of Matheny Veba Plan and Trust is centered around protecting eligible employees and their dependents from certain health expenses. The plan sponsor, in establishing this plan, aims to shield participants from the financial impact resulting from injuries or illnesses. To accomplish this goal, the plan sponsor must be vigilant in controlling and reducing healthcare costs through innovative and efficient plan design and cost containment provisions. Adherence to the terms of the plan document is essential to enable the plan sponsor to allocate resources effectively to aid participants in the plan to the greatest feasible extent.
Who is the CEO of Matheny Veba Plan And Trust?
William M Kent is the Trustee of Matheny Veba Plan And Trust.
What is the revenue of Matheny Veba Plan And Trust?
Matheny Veba Plan And Trust's revenue in 2022 was $5,628,274.
Who are the executives of Matheny Veba Plan And Trust and what are their salaries?
There is 1 key member and their salary:
- Compensation: $1,594
- Related: $0
- Other: $0
Where can I find the form 990 for Matheny Veba Plan And Trust?
Matheny Veba Plan And Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Matheny Veba Plan And Trust
Matheny Veba Plan and Trust, as a health benefits plan, is dedicated to safeguarding eligible employees and their dependents against potential health-related expenses. The primary objective of this organization is to shield its participants from the financial repercussions that may arise from injuries or sicknesses. To achieve this goal, Matheny Veba Plan and Trust is committed to designing innovative and efficient plans, as well as implementing cost-containment provisions. This ensures that the resources allocated to assist participants in the plan are utilized to their fullest extent. Furthermore, the plan sponsor is responsible for adhering to the terms outlined in the plan document, thereby enabling Matheny Veba Plan and Trust to effectively manage and distribute resources to its participants effectively.
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Impact
October, 2024
The Matheny Veba Plan and Trust plays a crucial role in safeguarding eligible employees and their dependents against the financial burdens associated with health expenses. By offering a structured approach to manage healthcare costs, the plan not only provides financial relief for medical expenses arising from injury or sickness but also promotes overall financial stability for its participants.
The plan's strategic design emphasizes cost containment and efficiency, ensuring that available resources are allocated effectively. This focus helps mitigate the financial impact of health-related issues, allowing participants to navigate their healthcare needs with greater confidence and support. Moreover, by prioritizing innovative solutions in plan management, the Matheny Veba Plan and Trust contributes to a sustainable healthcare environment, ultimately benefiting both employees and employers alike.
In essence, the impact of the Matheny Veba Plan and Trust extends beyond mere financial support; it nurtures a healthier workforce by alleviating the stress of potential medical costs and fostering a culture of well-being among its participants.
This information is meant to be a general summary of Matheny Veba Plan And 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: $3,274
- Program Service Revenue: $5,625,000
- Gross Receipts: $5,628,274
Assets and Liabilities:
- Total Assets: $161,389
- Total Liabilities: $0
- Net Assets: $161,389
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTIONS
Revenue
$5,625,000
Organization Details
Founding Year
2018
Phone
(908) 234-0011Principal Officer
William M Kent
Main Address
65 HIGHLAND AVENUE, PEAPACK, NJ, 07977
NTEE Category
Code: Y43 - Mutual benefit
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