Unitarian Universalist Association Employee Benefits Trust - Veba

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

EIN: 208079417 ✦ Boston, MA ✦ Designated as a 501(c)(9)

Overview

What is Unitarian Universalist Association Employee Benefits Trust - Veba?

The Unitarian Universalist Association Employee Benefits Trust, or Veba, is a self-funded health insurance plan established by the Unitarian Universalist Association (UUA) Board of Directors in 2006. Based in Boston, Massachusetts, the Trust provides medical and prescription drug benefits for the staff of Unitarian Universalist congregations, UUA headquarters and field staffs, and other eligible persons. Eligible employers include congregations and other UUA-affiliated entities, as well as self-employed Unitarian Universalist community ministers. The Trust's primary mission is to fund this health insurance plan, ensuring access to essential healthcare services for its members.


Is Unitarian Universalist Association Employee Benefits Trust - Veba legitimate?

Unitarian Universalist Association Employee Benefits Trust - Veba is a legitimate nonprofit organization registered as a 501(c)(9) entity. Unitarian Universalist Association Employee Benefits Trust - Veba 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 not tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $201,474

For more financial information, click here


What is the mission statement of Unitarian Universalist Association Employee Benefits Trust - Veba?
Who is the CEO of Unitarian Universalist Association Employee Benefits Trust - Veba?
What is the revenue of Unitarian Universalist Association Employee Benefits Trust - Veba?
Who are the executives of Unitarian Universalist Association Employee Benefits Trust - Veba and what are their salaries?
Where can I find the form 990 for Unitarian Universalist Association Employee Benefits Trust - Veba?

Mission Statement of Unitarian Universalist Association Employee Benefits Trust - Veba

The Unitarian Universalist Association Employee Benefits Trust, or UUA Veba, is a vital organization established to fund a self-sustaining health insurance plan for the staff of Unitarian Universalist congregations, the UUA headquarters and field staff, and other eligible individuals. The Trust, founded in 2006 and effective from 2007, was initiated by the UUA Board of Directors to ensure access to comprehensive medical and prescription drug benefits for eligible employees, retirees, and their dependents.

By establishing the Unitarian Universalist Organization Health Plan, the Trust provides a valuable service to subscribing employers, primarily Unitarian Universalist congregations and affiliated entities, and individual subscribers. These include self-employed Unitarian Universalist community ministers and ministers working for employers without a health insurance plan. The Trust's mission is to ensure that these individuals have access to essential healthcare coverage. Through the UUA Organization Health Plan, eligible participants gain peace of mind knowing they have medical and prescription drug benefits when they need them most.

Impact

This information is meant to be a general summary of Unitarian Universalist Association Employee Benefits Trust - Veba. Please take the time to review official sources before making any decisions based upon the content provided here.




Thursday, August 15, 2024

The Unitarian Universalist Association Employee Benefits Trust - VEBA's impact is primarily focused on providing a self-funded health insurance plan for the staffs of Unitarian Universalist congregations, the UUA headquarters and field staffs, and other eligible persons. This trust was established to ensure that eligible employees and retirees, along with their dependents, have access to medical and prescription drug benefits. By establishing the Unitarian Universalist Organization Health Plan, the trust aims to provide essential healthcare coverage to individuals affiliated with the UUA, including self-employed Unitarian Universalist community ministers and those working in ministerial capacities without access to a health insurance plan. The overarching goal is to offer a mutual benefit through the provision of comprehensive healthcare coverage for those connected to the Unitarian Universalist community.





Financials

This financial information is from Propublica.

Revenue
Expenses
Efficiency

Other financial information:

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

  • Investment Income: $120,205
  • Program Service Revenue: $15,550,853
  • Gross Receipts: $15,671,058

    • Assets and Liabilities:
  • Total Assets: $4,657,213
  • Total Liabilities: $896,319
  • Net Assets: $3,760,894
  • Programs

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

    CONTRIBUTIONS FROM SUBSCRIBING EM

    Revenue

    $10,588,873

    CONTRIBUTIONS FROM PARTICIPANTS

    Revenue

    $4,538,089

    PLAN PRESCRIPTION REBATES

    Revenue

    $423,891

    Organization Details

    Founding Year

    2006

    Principal Officer

    Andrew Mcgeorge

    Main Address

    24 FARNSWORTH STREET, BOSTON, MA, 022101409

    NTEE Category

    Code: Y43 - Mutual benefit

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