Overview
What is Rum River Special Cooperative Veba Trust?
The Rum River Special Cooperative Veba Trust is a nonprofit organization that manages a Health Reimbursement Arrangement. This arrangement is funded by the organization itself, providing eligible medical reimbursements to around 97 participants, totaling approximately $34,392. While the information does not specify the organization's mission or activities beyond this arrangement, it is clear that they play a role in offering financial support for healthcare expenses for their participants.
Is Rum River Special Cooperative Veba Trust legitimate?
Rum River Special Cooperative Veba Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Rum River Special Cooperative Veba Trust submitted a form 990EZ, 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.
What is the mission statement of Rum River Special Cooperative Veba Trust?
The Rum River Special Cooperative Veba Trust primarily focuses on managing a Health Reimbursement Arrangement. This arrangement is funded by the organization and provides eligible medical reimbursements to approximately 97 participants, amounting to $34,392. While the provided information does not specify a mission statement, it suggests that the organization is committed to supporting the healthcare needs of its participants.
Who is the CEO of Rum River Special Cooperative Veba Trust?
Hand Benefit And Trust Co is the Trustee of Rum River Special Cooperative Veba Trust.
What is the revenue of Rum River Special Cooperative Veba Trust?
Rum River Special Cooperative Veba Trust's revenue in 2021 was $45,207.
Who are the executives of Rum River Special Cooperative 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 990EZ for Rum River Special Cooperative Veba Trust?
Rum River Special Cooperative Veba Trust's most recent form 990EZ was submitted in 2021 and can be accessed here.
Mission Statement of Rum River Special Cooperative Veba Trust
Rum River Special Cooperative Veba Trust is an organization that has a mission centered around funding a Health Reimbursement Arrangement. This arrangement provides eligible medical reimbursements to around 97 participants, totalling an amount of $34,392. In simpler terms, the trust provides financial assistance to its members to cover their eligible medical expenses. The trust serves as a safety net for its participants, helping them manage their healthcare costs.
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Impact
October, 2024
Rum River Special Cooperative Veba Trust provides significant financial support for participating individuals by facilitating a Health Reimbursement Arrangement (HRA). With approximately 97 participants, the organization has enabled the distribution of eligible medical reimbursements totaling $34,392. This support helps alleviate the financial burden of healthcare costs, promoting improved access to necessary health services for its members in Cambridge, MN. By focusing on mutual benefit, the trust enhances the overall well-being of its participants, contributing to a healthier community.
This information is meant to be a general summary of Rum River Special Cooperative 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 2021.
- Investment Income: $496
- Program Service Revenue: $44,215
- Gross Receipts: $80,025
Assets and Liabilities:
- Total Assets: $78,878
- Total Liabilities: $0
- Net Assets: $78,878
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Organization Details
Phone
(763) 552-7701Principal Officer
Hand Benefit And Trust Co
Main Address
140 Buchanan Street, Cambridge, MN, 550081258
NTEE Category
Code: Y43 - Mutual benefit
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