Overview
What is Spring Lake Park Public Schools Veba Plan?
The Spring Lake Park Public Schools Veba Plan is a voluntary employees' beneficiary association (VEBA), established by Spring Lake Park Public Schools. This nonprofit entity, situated in Spring Lake Park, Minnesota, serves 1090 participants. Its primary mission is to fund reimbursement of eligible medical expenses under a health reimbursement arrangement during the plan year 2021. This benefit scheme aims to support the health and well-being of its members by offsetting their medical expenses.
Is Spring Lake Park Public Schools Veba Plan legitimate?
Spring Lake Park Public Schools Veba Plan is a legitimate nonprofit organization registered as a 501(c)(9) entity. Spring Lake Park Public Schools 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
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What is the mission statement of Spring Lake Park Public Schools Veba Plan?
The Spring Lake Park Public Schools Veba Plan serves as a Voluntary Employees' Beneficiary Association (VEBA), with the primary purpose of funding reimbursements for eligible medical expenses under a Health Reimbursement Arrangement. This plan, benefiting approximately 1090 participants during the 2021 plan year, is designed to assist individuals in managing their healthcare expenses. The Veba Plan does not have a traditional mission statement in the sense of advocacy or support, but rather focuses on providing financial assistance for medical expenses as part of its Health Reimbursement Arrangement.
What is the revenue of Spring Lake Park Public Schools Veba Plan?
Spring Lake Park Public Schools Veba Plan's revenue in 2023 was $1,182,772.
Who are the executives of Spring Lake Park Public Schools Veba Plan 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 Spring Lake Park Public Schools Veba Plan?
Spring Lake Park Public Schools Veba Plan's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Spring Lake Park Public Schools Veba Plan
Spring Lake Park Public Schools Veba Plan, as a voluntary employees' beneficiary association (VEBA), has a mission to fund the reimbursement of eligible medical expenses under a health reimbursement arrangement. This means that the plan provides financial assistance to its participants for covered medical costs. During the plan year 2021, this VEBA benefited 1090 individuals, demonstrating its commitment to supporting the health needs of its members. The Spring Lake Park Public Schools Veba Plan serves as a safety net for its participants, helping them manage their healthcare expenses within the framework of a health reimbursement arrangement.
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Impact
October, 2024
The Spring Lake Park Public Schools VEBA Plan significantly impacts its participants by providing financial assistance for eligible medical expenses through a health reimbursement arrangement. By offering this support, the plan enhances the overall well-being of its 1,090 participants during the 2021 plan year. This voluntary employees' beneficiary association (VEBA) enables individuals to manage medical costs more effectively, promoting greater access to necessary healthcare services. Overall, the VEBA Plan plays a crucial role in ensuring that members of the Spring Lake Park community can better navigate their healthcare expenses, thereby improving their financial security and health outcomes.
This information is meant to be a general summary of Spring Lake Park Public Schools 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $29,582
- Program Service Revenue: $1,138,699
- Gross Receipts: $2,145,845
Assets and Liabilities:
- Total Assets: $8,830,648
- Total Liabilities: $0
- Net Assets: $8,830,648
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTIONS
Revenue
$1,138,699
Organization Details
Founding Year
2018
Principal Officer
Hand Benefit Trust Co
NTEE Category
Code: Y43 - Mutual benefit
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