Mn Veba Trust For Eden Prairie Schools 1050005143

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

EIN: 900128595 ✦ Clinton, IA ✦ Designated as a 501(c)(9)

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Overview

What is Mn Veba Trust For Eden Prairie Schools 1050005143?

Mn Veba Trust for Eden Prairie Schools 1050005143 is a nonprofit organization established with a primary mission to provide qualified health and welfare benefits to active and former employees. This is achieved through a Health Reimbursement Arrangement (HRA). The trust, based in Clinton, Iowa, operates within the limits set by Section 501(C)(9) of the Internal Revenue Code, ensuring that all expenses are applied in accordance with its stated mission. Its purpose is to defray the cost of administering the plan, ultimately benefiting the employees it serves.

Is Mn Veba Trust For Eden Prairie Schools 1050005143 legitimate?

Mn Veba Trust For Eden Prairie Schools 1050005143 is a legitimate nonprofit organization registered as a 501(c)(9) entity. Mn Veba Trust For Eden Prairie Schools 1050005143 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 Mn Veba Trust For Eden Prairie Schools 1050005143?

The Mn Veba Trust, established for the Eden Prairie Schools, has a mission to provide qualified health and welfare benefits to its active and former employees. This is achieved through a Health Reimbursement Arrangement (HRA), as outlined in the related plan. The trust's objective is to cover health expenses in accordance with its mission, as permitted by Section 501(C)(9) of the Internal Revenue Code. The trust's activities are also geared towards administering the plan effectively, ensuring that all expenses incurred are applied in line with its stated mission.

Who is the CEO of Mn Veba Trust For Eden Prairie Schools 1050005143?

Steve R Sherman is the Trustee of Mn Veba Trust For Eden Prairie Schools 1050005143.

What is the revenue of Mn Veba Trust For Eden Prairie Schools 1050005143?

Mn Veba Trust For Eden Prairie Schools 1050005143's revenue in 2022 was $3,391,080.

Who are the executives of Mn Veba Trust For Eden Prairie Schools 1050005143 and what are their salaries?


There is 1 key member and their salary:


Washington Trust Bank (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $3,379
Where can I find the form 990 for Mn Veba Trust For Eden Prairie Schools 1050005143?

Mn Veba Trust For Eden Prairie Schools 1050005143's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Mn Veba Trust For Eden Prairie Schools 1050005143

Mn Veba Trust for Eden Prairie Schools 1050005143 has been established with a mission to provide qualified health and welfare benefits to its active and former employees. This mission is accomplished through a Health Reimbursement Arrangement (HRA), a system that allows the trust to offer health reimbursement benefits in accordance with a related plan. The trust's purpose is to cover the health expenses of its employees, in line with the provisions of Section 501(c)(9) of the Internal Revenue Code. All expenses incurred by the trust have been applied in line with its stated mission, aiming to provide health benefits to its employees and to manage the administration of the plan effectively.

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Impact




October, 2024

Mn Veba Trust for Eden Prairie Schools 1050005143 plays a crucial role in enhancing the welfare of active and former employees by providing qualified health and welfare benefits through a Health Reimbursement Arrangement (HRA). By covering health-related expenses, the Trust helps defray out-of-pocket costs that employees may face, ensuring that they receive the financial support needed for medical expenses. This support not only assists individuals in managing their health care costs but also contributes to overall employee satisfaction and well-being.

The Trust’s focus on administering benefits in line with the stated mission highlights its commitment to effectively managing funds to meet the needs of participants. By adhering to the stipulations set forth under Section 501(c)(9) of the Internal Revenue Code, the Trust ensures that it operates within legal parameters while providing essential health reimbursement benefits. This structured assistance supports a stable and healthy workforce, fostering a positive environment for both current staff and retirees. Through these efforts, the Trust has a significant impact on the health security of the educational community it serves.




This information is meant to be a general summary of Mn Veba Trust For Eden Prairie Schools 1050005143. 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
$3,391,080 (2022)
Expenses
$1,160,561 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $203,460
  • Program Service Revenue: $3,187,620
  • Gross Receipts: $3,391,080

Assets and Liabilities:

  • Total Assets: $12,402,467
  • Total Liabilities: $448
  • Net Assets: $12,402,019

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Programs

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

EMPLOYER CONTRIBUTIONS

Revenue

$3,187,620

Organization Details

Founding Year

2002

Principal Officer

Steve R Sherman

Main Address

PO BOX 4391, CLINTON, IA, 527334391

NTEE Category

Code: Y43 - Mutual benefit

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