Asc1 Inc Veba Health Savings Tr
- Assets
- $27.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Madison, WI
- Founding
- 02/2014
- Data as of
- 12/2021
- EIN
- 35-2448275
Organization Overview
Asc1 Inc Veba Health Savings Tr is located in Madison, WI. The organization was established in 2014. According to its NTEE Classification (Y43) the organization is classified as: Voluntary Employees Beneficiary Associations (Non-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. Asc1 Inc Veba Health Savings Tr 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, Asc1 Inc Veba Health Savings Tr generated $95.0 in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (67.6%) each year. All expenses for the organization totaled $3.3k during the year ending 12/2021. 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
2021
Describe the Organization's Program Activity:
Part 3
HEALTH REIMBURSEMENT ARRANGEMENT FUNDED BY THE ORGANIZATION WITH APPROXIMATELY 21 PARTICIPANTS RECEIVING ELIGIBLE MEDICAL REIMBURSEMENTS IN THE AMOUNT OF $2,502.82.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $34 |
| Gain or Loss | $61 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $95 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $2,503 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $116 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $720 |
| Total expenses | $3,339 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $27,726 |
| Other assets | $0 |
| Total assets | $27,726 |
| Total liabilities | $0 |
| Net assets or fund balances | $27,726 |