City Of San Jose Sworn Veba Health Savings Trust

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

EIN: 832286028 ✦ San jose, CA ✦ Designated as a 501(c)(9)

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Overview

What is City Of San Jose Sworn Veba Health Savings Trust?

The City of San Jose Sworn Veba Health Savings Trust is a nonprofit organization situated in San Jose, California, specifically at 200 E Santa Clara St 3rd Floor Wi, 95113. Their primary mission is to manage a Health Reimbursement Arrangement (HRA), providing funds for the reimbursement of medical expenses. The Trust had approximately 22 participants who utilized medical care, amounting to $161,683. This nonprofit plays a significant role in supporting its members with their medical expenses, offering a financial safety net for healthcare-related costs.

Is City Of San Jose Sworn Veba Health Savings Trust legitimate?

City Of San Jose Sworn Veba Health Savings Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. City Of San Jose Sworn 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

For more financial information, click here

What is the mission statement of City Of San Jose Sworn Veba Health Savings Trust?

The City of San Jose Sworn Veba Health Savings Trust's primary purpose is to fund the reimbursement of medical expenses under a Health Reimbursement Arrangement. This organization is designed to assist approximately 22 participants who require medical care, by covering the related costs. The Trust does not have a mission statement in the traditional sense, as its sole objective is to provide financial assistance for medical expenses within the scope of a Health Reimbursement Arrangement.

Who is the CEO of City Of San Jose Sworn Veba Health Savings Trust?

Voya Institutional Trust is the Principal Officer of City Of San Jose Sworn Veba Health Savings Trust.

What is the revenue of City Of San Jose Sworn Veba Health Savings Trust?

City Of San Jose Sworn Veba Health Savings Trust's revenue in 2023 was $4,694,710.

Who are the executives of City Of San Jose Sworn Veba Health Savings Trust and what are their salaries?


There is 1 key member and their salary:


Voya Institutional Trust Company (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for City Of San Jose Sworn Veba Health Savings Trust?

City Of San Jose Sworn Veba Health Savings Trust's most recent form 990 was submitted in 2023 and can be accessed here.

Mission Statement of City Of San Jose Sworn Veba Health Savings Trust

The City of San Jose Sworn Veba Health Savings Trust is an organization devoted to funding the reimbursement of medical expenses under a Health Reimbursement Arrangement. Its primary mission is to provide financial assistance to participants in covering their medical costs, ensuring they can access necessary healthcare services without undue financial burden. The Trust had approximately 22 participants who availed of medical care, incurring expenses totaling $161,683, demonstrating its active role in supporting the health needs of its members.

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Impact




October, 2024

The City of San Jose Sworn VEBA Health Savings Trust plays a crucial role in supporting the health and well-being of its participants by funding reimbursement for medical expenses through a Health Reimbursement Arrangement (HRA). This program has positively impacted approximately 22 participants, facilitating their access to necessary medical care and providing financial relief in managing health-related costs. In total, the trust has enabled the reimbursement of $161,683 in medical expenses, which underscores its commitment to ensuring participants can seek the healthcare they need without undue financial burden. By supporting the wellness of individuals within the community, the trust contributes to improved health outcomes and overall quality of life for those it serves.




This information is meant to be a general summary of City Of San Jose Sworn 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.

Revenue
$4,694,710 (2023)
Expenses
$223,856 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $180,163
  • Program Service Revenue: $4,514,547
  • Gross Receipts: $4,694,710

Assets and Liabilities:

  • Total Assets: $26,816,766
  • Total Liabilities: $0
  • Net Assets: $26,816,766

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Programs

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

EMPLOYER CONTRIBUTION

Revenue

$4,514,547

Organization Details

Founding Year

2018

Principal Officer

Voya Institutional Trust

Main Address

200 E SANTA CLARA ST 3RD FLOOR WI, SAN JOSE, CA, 95113

NTEE Category

Code: Y44 - Mutual benefit

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