Overview
What is Independent School District 15 Veba Health Savings Trust?
The Independent School District 15 Veba Health Savings Trust is a nonprofit entity based in St. Francis, Minnesota. Its primary mission involves funding the reimbursement of medical expenses under a Health Reimbursement Arrangement. This organization served approximately 488 participants who sought medical care, with a total cost of $659,759. The Health Reimbursement Arrangement is a mechanism designed to support individuals with their medical expenses, offering financial assistance when needed.
Is Independent School District 15 Veba Health Savings Trust legitimate?
Independent School District 15 Veba Health Savings Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Independent School District 15 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
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What is the mission statement of Independent School District 15 Veba Health Savings Trust?
The Independent School District 15 Veba Health Savings Trust's primary function is to fund medical expense reimbursements under a Health Reimbursement Arrangement. This organization serves approximately 488 participants, who utilize their medical services, amounting to a total of $659,759. The mission of the trust is centered around providing financial aid for eligible medical expenses, thereby alleviating some of the financial burden associated with healthcare for its participants.
Who is the CEO of Independent School District 15 Veba Health Savings Trust?
Matrix Trust Company is the Trustee of Independent School District 15 Veba Health Savings Trust.
What is the revenue of Independent School District 15 Veba Health Savings Trust?
Independent School District 15 Veba Health Savings Trust's revenue in 2023 was $846,484.
Who are the executives of Independent School District 15 Veba Health Savings 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 Independent School District 15 Veba Health Savings Trust?
Independent School District 15 Veba Health Savings Trust's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Independent School District 15 Veba Health Savings Trust
Independent School District 15 Veba Health Savings Trust is dedicated to funding the reimbursement of medical expenses under a Health Reimbursement Arrangement. The organization plays a significant role in supporting its approximately 488 participants by covering their medical costs, amounting to $659,759 in medical care. By offering this financial assistance, Independent School District 15 Veba Health Savings Trust enables its participants to access necessary medical services, ensuring they can manage their health effectively. The trust's mission is crucial in supporting individuals by alleviating some of the financial burden associated with medical expenses.
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Impact
October, 2024
Independent School District 15 Veba Health Savings Trust plays a crucial role in supporting the health and well-being of its community members by facilitating access to medical care through its Health Reimbursement Arrangement (HRA). With approximately 488 participants, the Trust has effectively disbursed funds amounting to $659,759 for medical expenses.
This funding alleviates the financial burden of healthcare costs, ensuring that participants can receive necessary medical treatments without significant out-of-pocket expenses. By promoting health and wellness, the Trust contributes to a healthier workforce and community in St. Francis, MN. Its mission to fund reimbursements for medical expenses directly impacts the quality of life for its participants, allowing them to focus on recovery and health rather than financial stress. Overall, the Trust enhances community health, supports individuals in managing their medical expenses, and reinforces the commitment to mutual benefit among its participants.
This information is meant to be a general summary of Independent School District 15 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $55,578
- Program Service Revenue: $790,906
- Gross Receipts: $846,484
Assets and Liabilities:
- Total Assets: $5,295,333
- Total Liabilities: $0
- Net Assets: $5,295,333
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTIONS
Revenue
$790,906
Organization Details
Founding Year
2004
Phone
(763) 753-7040Principal Officer
Matrix Trust Company
Main Address
4115 AMBASSADOR BOULEVARD, ST FRANCIS, MN, 55070
NTEE Category
Code: Y43 - Mutual benefit
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