Voluntary Employees Beneficiary Association Post-Employment Health

Organization Overview

Voluntary Employees Beneficiary Association Post-Employment Health is located in Spokane, WA. The organization was established in 2004. 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. Voluntary Employees Beneficiary Association Post-Employment Health is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.

For the year ending 12/2021, Voluntary Employees Beneficiary Association Post-Employment Health generated $17.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.6% each year . All expenses for the organization totaled $8.6m during the year ending 12/2021. While expenses have increased by 7.4% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE QUALIFIED HEALTH AND WELFARE BENEFITS THROUGH A HEALTH REIMBURSEMENT ARRANGEMENT (HRA).

Describe the Organization's Program Activity:

Part 3 - Line 4a

THIS TRUST HOLDS THE ASSETS OF THE COUNTY OF RIVERSIDE, CALIFORNIA VOLUNTARY EMPLOYEES' BENEFICIARY ASSOCIATION POST-EMPLOYMENT HEALTH SAVINGS PLAN. THE PLAN IS A DEFINED CONTRIBUTION, HEALTH AND WELFARE BENEFIT PLAN COMMONLY REFERRED TO AS A "HEALTH REIMBURSEMENT ARRANGEMENT" PLAN. THE PLAN IS DESIGNED TO BE A TAX-FREE ACCOUNT FOR PARTICIPANTS TO PAY POST-EMPLOYMENT MEDICAL BENEFITS NOT PROVIDED BY MEDICARE, OR ANY OTHER MEDICAL INSURANCE CONTRACT OR PLAN. THE PAYMENTS OR REIMBURSEMENTS MAY NOT BE MADE FOR ITEMS PAID OR PAYABLE BY ANY OTHER INSURANCE CONTRACT OR PLAN, OR FOR EXPENSES THAT ARE DEDUCTED BY THE PARTICIPANT UNDER ANY SECTION OF THE INTERNAL REVENUE CODE. THE AFOREMENTIONED EXPENSES MUST BE EXPENSES OF THE PARTICIPANTS, THE SPOUSES OF THE PARTICIPANTS AND/OR THE DEPENDENTS OF THE PARTICIPANTS.


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$12,452,473
Investment income $5,454,818
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $17,907,291

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