Racine Unified School District Veba Health Savings Trust
- Assets
- $443.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Racine, WI
- Founding
- 05/2015
- Data as of
- 12/2020
- EIN
- 46-5503578
Organization Overview
Racine Unified School District Veba Health Savings Trust is located in Racine, WI. The organization was established in 2015. According to its NTEE Classification (Y44) the organization is classified as: Voluntary Employees Beneficiary Associations Government), under the broad grouping of Mutual & Membership Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Racine Unified School District Veba Health Savings Trust is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.
For the year ending 12/2020, Racine Unified School District Veba Health Savings Trust generated $4.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (38.0%) each year. All expenses for the organization totaled $24.0k during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2020
Describe the Organization's Program Activity:
Part 3
HEALTH REIMBURSEMENT ARRANGEMENT FUNDED BY ORGANIZATION HAD APPROXIMATELY 284 PARTICIPANTS WHO RECEIVED MEDICAL CARE IN THE AMOUNT OF $23,396.
HEALTH REIMBURSEMENT ARRANGEMENT FUNDED BY ORGANIZATION HAD APPROXIMATELY 284 PARTICIPANTS WHO RECEIVED MEDICAL CARE IN THE AMOUNT OF $23,396.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $2,933 |
| Membership dues | $0 |
| Investment income | $1,192 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $4,125 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $23,396 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $582 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $0 |
| Total expenses | $23,978 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $443,380 |
| Other assets | $0 |
| Total assets | $443,380 |
| Total liabilities | $0 |
| Net assets or fund balances | $443,380 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Racine Unified School District Veba Health Savings Trust has recieved totaling $31,000.
| Awarding Organization | Amount |
|---|---|
Racine Community Foundation Inc Racine, WI PURPOSE: RUSD SCHOOL-BASED MENTAL HEALTH CLINIC & MUSIC DEPT | $31,000 |