Ind School Dist 196 Health Reimbursement

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

EIN: 943452953 ✦ Clinton, IA ✦ Designated as a 501(c)(9)

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Overview

What is Ind School Dist 196 Health Reimbursement?

Ind School Dist 196 Health Reimbursement is a nonprofit entity, specifically a trust, established to provide qualified health and welfare benefits to its active and former employees. This is achieved through a Health Reimbursement Arrangement (HRA). The trust's mission is to cover health expenses for these employees, as outlined in the related plan, and in accordance with Section 501(C)(9) of the Internal Revenue Code. The trust is headquartered at PO Box 4391, Clinton, Iowa.

Is Ind School Dist 196 Health Reimbursement legitimate?

Ind School Dist 196 Health Reimbursement is a legitimate nonprofit organization registered as a 501(c)(9) entity. Ind School Dist 196 Health Reimbursement 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 Ind School Dist 196 Health Reimbursement?

The Ind School Dist 196 Health Reimbursement has been established with the mission to provide qualified health and welfare benefits to both active and former employees. This is achieved through a Health Reimbursement Arrangement (HRA). The main objective is to offer reimbursement benefits as outlined in the related plan, and to cover eligible health expenses in accordance with Section 501(C)(9) of the Internal Revenue Code. All expenses are applied in accordance with the stated mission, with the aim of offsetting the cost of administering the plan.

Who is the CEO of Ind School Dist 196 Health Reimbursement?

Steve R Sherman is the Trustee of Ind School Dist 196 Health Reimbursement.

What is the revenue of Ind School Dist 196 Health Reimbursement?

Ind School Dist 196 Health Reimbursement's revenue in 2022 was $491,266.

Who are the executives of Ind School Dist 196 Health Reimbursement and what are their salaries?


There is 1 key member and their salary:


Washington Trust Bank (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $392
Where can I find the form 990 for Ind School Dist 196 Health Reimbursement?

Ind School Dist 196 Health Reimbursement's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Ind School Dist 196 Health Reimbursement

Ind School Dist 196 Health Reimbursement, established with a specific purpose, aims to extend qualified health and welfare benefits to its active and former employees. This is achieved through a Health Reimbursement Arrangement (HRA), as outlined in a related plan. The mission of Ind School Dist 196 Health Reimbursement is to provide financial assistance for eligible health expenses, in accordance with Section 501(C)(9) of the Internal Revenue Code. The organization meticulously applies all expenses in line with its mission, ensuring that both current and former employees have access to these benefits. Furthermore, Ind School Dist 196 Health Reimbursement is responsible for administering the plan, with a focus on defraying the associated costs.

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Impact




October, 2024

Ind School Dist 196 Health Reimbursement plays a crucial role in providing health and welfare benefits to both active and former employees through a structured Health Reimbursement Arrangement (HRA). This initiative helps defray healthcare costs, allowing members to access qualified expenses that are essential for their well-being. By managing and administering these benefits in alignment with their mission, the organization ensures that employees can effectively address their healthcare needs, alleviating financial burdens associated with medical expenditures.

The trust is specifically designed to facilitate payment for health-related expenses, thereby enhancing the overall health and financial security of its members. This approach not only supports individual health outcomes but also contributes to the broader community by fostering a healthier workforce. Through its targeted benefits, Ind School Dist 196 Health Reimbursement exemplifies a commitment to mutual benefit, ensuring that employees receive the necessary assistance for their health-related financial obligations.




This information is meant to be a general summary of Ind School Dist 196 Health Reimbursement. 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
$491,266 (2022)
Expenses
$345,891 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $24,907
  • Program Service Revenue: $466,359
  • Gross Receipts: $491,266

Assets and Liabilities:

  • Total Assets: $1,473,694
  • Total Liabilities: $0
  • Net Assets: $1,473,694

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Programs

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

EMPLOYER CONTRIBUTIONS

Revenue

$466,359

Organization Details

Founding Year

2008

Principal Officer

Steve R Sherman

Main Address

PO BOX 4391, CLINTON, IA, 527334391

NTEE Category

Code: Y43 - Mutual benefit

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