City Of San Jose Federated Veba Health Savings Trust

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

EIN: 832302674 ✦ San jose, CA ✦ Designated as a 501(c)(9)

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Overview

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

The City Of San Jose Federated Veba Health Savings Trust is a nonprofit organization situated in San Jose, California. Their primary mission is to fund medical expense reimbursements under a Health Reimbursement Arrangement. In 20XX, they served approximately 171 participants who received medical care totaling $550,528. This organization is dedicated to supporting individuals with their healthcare expenses, providing financial assistance when necessary.

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

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

The City of San Jose Federated Veba Health Savings Trust's primary role is to fund the reimbursement of medical expenses under a Health Reimbursement Arrangement. This organization serves approximately 171 participants, providing financial assistance for their medical needs, totaling around $550,528 in medical care. The trust's purpose is to help individuals manage their healthcare costs within the framework of this specific arrangement. It does not have a traditional mission statement in the sense of promoting societal change or advancing a specific cause, but rather focuses on facilitating medical expense reimbursement.

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

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

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

City Of San Jose Federated Veba Health Savings Trust's revenue in 2023 was $4,979,663.

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


There is 1 key member and their salary:


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

City Of San Jose Federated 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 Federated Veba Health Savings Trust

The City of San Jose Federated Veba Health Savings Trust is an organization dedicated to funding the reimbursement of medical expenses under a Health Reimbursement Arrangement. Its primary mission is to provide financial support for the medical care of its approximately 171 participants, totaling an approximate amount of $550,528 in medical expenses. This trust serves as a financial safety net, helping individuals cover their medical costs under this specific health arrangement.

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Impact




October, 2024

City of San Jose Federated VEBA Health Savings Trust plays a crucial role in supporting the health and well-being of its participants. By funding reimbursements for medical expenses through a Health Reimbursement Arrangement, it alleviates the financial burden associated with healthcare costs. In its recent activities, the organization supported approximately 171 participants, facilitating access to necessary medical care amounting to $550,528. This impactful initiative not only enhances the financial security of individuals seeking medical attention but also contributes to the overall health of the community in San Jose, California. Through its focused mission, the Trust ensures that participants can prioritise their health without the stress of overwhelming medical bills.




This information is meant to be a general summary of City Of San Jose Federated 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
$4,979,663 (2023)
Expenses
$683,604 (2023)
Efficiency

Other financial information:

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

  • Investment Income: $276,036
  • Program Service Revenue: $4,703,627
  • Gross Receipts: $4,979,663

Assets and Liabilities:

  • Total Assets: $33,144,863
  • Total Liabilities: $0
  • Net Assets: $33,144,863

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Programs

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

EMPLOYER CONTRIBUTION

Revenue

$4,703,627

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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