NonprofitsEducators Benefit Consultants Health Reimbursement Arrangement

Mutual & Membership Benefit

Educators Benefit Consultants Health Reimbursement Arrangement

CAMBRIDGE, MN

Total revenue

$14.5M

Total expenses

$11.3M

Net assets

$58.8M

Grants received

EIN

352284858

Tax year

2024

Mission

Funds in the health reimbursement arrangement are used to reimburse qualified medical expenses for public school district employees. This trust is a health reimbursement arrangement as described in revenue rulings 2002 -41, 2006-36, notice 2002-45 and 2013-54.

Programs

1 program

Management expense: educators benefit consultants reviews health reimbursement arrangement claims for eligibility and reimburse participants from the trust. Ebc assists participants with questions regarding their accounts and claims. Ebc prepares and files the form 990 for the trust and files with the irs.

Financials

FY 2024

Revenue

Contributions & grants
Program service revenue$12.4M
Investment income$2.2M
Other revenue
Total revenue$14.5M

Expenses

Grants paid
Salaries & benefits
Fundraising
Other expenses$449K
Total expenses$11.3M
Total assets$58.8M
Net assets$58.8M

People

2 listed

NameRoleCompensation

EBC THIRD PARTY ADMINISTRATOR

ADMINISTRATO

Board

KENT D SCHUTTE

PRESIDENT

Board

Details

EIN352284858
NTEE codeY430
Subsection09
Ruling date2007-12
Formed2006
Employees0
EDUCATORS BENEFIT CONSULTANTS HEALTH REIMBURSEMENT ARRANGEMENT — Mission, Financials & Grants Received | Grantivo