Overview
What is City Of Edmonds Veba Trust?
The City of Edmonds Veba Trust is a nonprofit organization located at 121 Fifth Ave N, Edmonds, WA 98020. Its primary mission is to serve as a Voluntary Employees' Beneficiary Association (VEBA), funding a Health Reimbursement Arrangement. This arrangement reimburses eligible medical expenses for a total of 246 participants during the plan year 2022. The VEBA trust aims to support the health and well-being of its participants by providing financial assistance for their medical needs.
Is City Of Edmonds Veba Trust legitimate?
City Of Edmonds Veba Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. City Of Edmonds Veba 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 Edmonds Veba Trust?
The City of Edmonds Veba Trust operates as a Voluntary Employees' Beneficiary Association (VEBA), with the primary mission of funding the reimbursement of eligible medical expenses under a health reimbursement arrangement. This benefits a total of 246 participants throughout the plan year 2022. The trust serves to help individuals cover their medical costs, contributing to their overall health and well-being. By providing financial support for medical expenses, the City of Edmonds Veba Trust aims to alleviate some of the financial burden associated with healthcare.
Who is the CEO of City Of Edmonds Veba Trust?
Hand Benefit Trust Co is the Trustee of City Of Edmonds Veba Trust.
What is the revenue of City Of Edmonds Veba Trust?
City Of Edmonds Veba Trust's revenue in 2022 was $230,028.
Who are the executives of City Of Edmonds 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 990 for City Of Edmonds Veba Trust?
City Of Edmonds Veba Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of City Of Edmonds Veba Trust
The City of Edmonds VEBA Trust, a Voluntary Employees' Beneficiary Association, is established with the mission to fund the reimbursement of eligible medical expenses under a Health Reimbursement Arrangement. This implies that the trust serves as a financial resource for its participants, allowing them to cover qualifying healthcare costs as per the terms of the Health Reimbursement Arrangement. During the plan year 2022, this trust benefited 246 participants, demonstrating its commitment to supporting the medical needs of its members.
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Impact
October, 2024
City Of Edmonds VEBA Trust significantly contributes to the financial well-being of its participants by facilitating the reimbursement of eligible medical expenses through a health reimbursement arrangement (HRA). In 2022, it supported 246 individuals in managing healthcare costs effectively. The trust enhances access to necessary medical services, enabling participants to focus on their health without the burden of substantial out-of-pocket expenses. By providing a structured way to cover eligible medical costs, the City Of Edmonds VEBA Trust plays a vital role in improving the overall quality of life for its members while promoting financial stability in managing healthcare needs.
This information is meant to be a general summary of City Of Edmonds 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 2022.
- Investment Income: $3,886
- Program Service Revenue: $226,142
- Gross Receipts: $308,920
Assets and Liabilities:
- Total Assets: $588,622
- Total Liabilities: $0
- Net Assets: $588,622
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTION
Revenue
$226,142
Organization Details
Founding Year
2018
Phone
(425) 775-2525Principal Officer
Hand Benefit Trust Co
Main Address
121 Fifth Ave N, Edmonds, WA, 98020
NTEE Category
Code: Y43 - Mutual benefit
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