Overview
What is City Of Everett Veba Plan?
The City Of Everett Veba Plan is a voluntary employees' beneficiary association (VEBA) established by the City of Everett. This nonprofit organization, located at 2930 Wetmore Ave Suite 5-A, Everett, WA 98201, has the mission to fund eligible medical expenses for its 801 participants through a health reimbursement arrangement. This plan operates during the year 2022, aiming to provide financial assistance for medical needs, thereby supporting the well-being of its members.
Is City Of Everett Veba Plan legitimate?
City Of Everett Veba Plan is a legitimate nonprofit organization registered as a 501(c)(9) entity. City Of Everett 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 City Of Everett Veba Plan?
The City of Everett Veba Plan is established as a Voluntary Employees' Beneficiary Association (VEBA), with the mission to fund the reimbursement of eligible medical expenses under a Health Reimbursement Arrangement. This organization serves to provide financial assistance for medical expenses to approximately 801 participants during the plan year 2022. The City of Everett Veba Plan aims to support its members in managing their healthcare costs by offering reimbursement for eligible medical expenses. This association operates as a separate entity, allowing for the accumulation of funds to be used for the reimbursement of medical expenses, providing a financial safety net for its participants.
Who is the CEO of City Of Everett Veba Plan?
Hand Benefit Trust Co is the Trustee of City Of Everett Veba Plan.
What is the revenue of City Of Everett Veba Plan?
City Of Everett Veba Plan's revenue in 2022 was $1,797,459.
Who are the executives of City Of Everett 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 City Of Everett Veba Plan?
City Of Everett Veba Plan's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of City Of Everett Veba Plan
The City of Everett Veba Plan is a voluntary employees' beneficiary association (VEBA) with a mission to fund the reimbursement of eligible medical expenses under a health reimbursement arrangement. This nonprofit organization aims to provide financial support for medical expenses, benefitting a total of 801 participants throughout the plan year 2022. The City of Everett Veba Plan serves as a safety net, helping its members to manage their healthcare costs more effectively.
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Impact
October, 2024
The City of Everett VEBA Plan serves to enhance the financial well-being of its participants by providing a structured approach to healthcare expenses through a Health Reimbursement Arrangement (HRA). By allowing eligible medical expenses to be reimbursed, the plan alleviates the financial burden on participants, which can lead to improved access to necessary healthcare services.
In the plan year 2022, it benefitted 801 participants, highlighting its significant impact on the community. Participants can manage their healthcare costs more effectively, leading to increased satisfaction and potentially better health outcomes. The VEBA plan not only supports individual financial health but also fosters a sense of mutual benefit among members, strengthening the collective well-being of those it serves. This collaborative approach ensures that healthcare expenses are met in a manageable way, ultimately promoting a healthier workforce within the City of Everett.
This information is meant to be a general summary of City Of Everett 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 2022.
- Investment Income: $16,417
- Program Service Revenue: $1,781,042
- Gross Receipts: $2,712,695
Assets and Liabilities:
- Total Assets: $3,418,521
- Total Liabilities: $0
- Net Assets: $3,418,521
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTIONS
Revenue
$1,781,042
Organization Details
Founding Year
2019
Phone
(425) 257-8767Principal Officer
Hand Benefit Trust Co
Main Address
2930 Wetmore Ave Suite 5-A, Everett, WA, 98201
NTEE Category
Code: Y44 - Mutual benefit
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