Los Angeles Water And Power Employees Assoc - Mutual Death Benefit Plan

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

EIN: 237082277 ✦ Los angeles, CA ✦ Designated as a 501(c)(9)

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Overview

What is Los Angeles Water And Power Employees Assoc - Mutual Death Benefit Plan?

The Los Angeles Water And Power Employees Assoc - Mutual Death Benefit Plan is a voluntary initiative for the active and retired employees of the Los Angeles Department of Water and Power, along with their spouses and minor children. This nonprofit plan operates on a pay-all basis, with members contributing assessment fees and generating interest to cover death benefits and administrative expenses. The primary purpose of this association is to provide financial support during times of loss, ensuring a sense of security for its members.


Official website here: www.ladwpea.org

Is Los Angeles Water And Power Employees Assoc - Mutual Death Benefit Plan legitimate?

Los Angeles Water And Power Employees Assoc - Mutual Death Benefit Plan is a legitimate nonprofit organization registered as a 501(c)(9) entity. Los Angeles Water And Power Employees Assoc - Mutual Death Benefit Plan 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 tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $97,961

For more financial information, click here


Official website here: www.ladwpea.org

What is the mission statement of Los Angeles Water And Power Employees Assoc - Mutual Death Benefit Plan?

The Los Angeles Water And Power Employees Assoc - Mutual Death Benefit Plan serves as a voluntary, employee-funded death benefit plan. This plan extends coverage to the active and retired employees of the Los Angeles Department of Water and Power, their spouses, and their minor children. The fees and interest generated from the plan are utilized to meet death claims and manage administrative expenses. In essence, the plan aims to provide financial support and peace of mind to its members in the event of a tragedy.


Official website here: www.ladwpea.org

Who is the CEO of Los Angeles Water And Power Employees Assoc - Mutual Death Benefit Plan?

Reindert Kok is the Board President of Los Angeles Water And Power Employees Assoc - Mutual Death Benefit Plan.


Official website here: www.ladwpea.org

What is the revenue of Los Angeles Water And Power Employees Assoc - Mutual Death Benefit Plan?

Los Angeles Water And Power Employees Assoc - Mutual Death Benefit Plan's revenue in 2022 was $822,776.


Official website here: www.ladwpea.org

Who are the executives of Los Angeles Water And Power Employees Assoc - Mutual Death Benefit Plan and what are their salaries?

There 3 volunteers at Los Angeles Water And Power Employees Assoc - Mutual Death Benefit Plan.


Here are 15 key members and their salaries:


Daphne Crook (Board President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Manely Rashedan (Board Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Reindert Kok (Cfo, Mutual Cmte Chairperson)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ashley Rawls (Board Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Marcos Ballesteros (Board, Executive Cmte Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Porsche Bell (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Matthew Blehm (Director, Mutual Plan Cmte Mbr)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ann Marie De La Riva (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Eduardo Garfias (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jesus Gonzales (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Samantha Lopez Ryan (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Alexander Partida (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Hagop Jack Petrosian (Director, Mutual Plan Cmte Mbr)
  • Compensation: $0
  • Related: $0
  • Other: $0
Willie Tam (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mohamed Yacout (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.ladwpea.org

Where can I find the form 990 for Los Angeles Water And Power Employees Assoc - Mutual Death Benefit Plan?

Los Angeles Water And Power Employees Assoc - Mutual Death Benefit Plan's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.ladwpea.org

Learn more at the official website: www.ladwpea.org

Mission Statement of Los Angeles Water And Power Employees Assoc - Mutual Death Benefit Plan

The Los Angeles Water And Power Employees Assoc - Mutual Death Benefit Plan is a voluntary organization that serves the active and retired employees of the Los Angeles Department of Water and Power, along with their spouses and minor children. Its primary mission is to provide a pay-all death benefit plan, which means that the plan is funded entirely by the employees' assessments and the interest earned on these contributions. This plan is designed to meet the death claims of the covered individuals and cover administrative costs. In essence, the Los Angeles Water And Power Employees Assoc - Mutual Death Benefit Plan serves as a safety net for its members, providing financial support to their families in the event of a member's demise.

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Impact




October, 2024

Los Angeles Water And Power Employees Assoc - Mutual Death Benefit Plan provides crucial financial support to active and retired employees of the Los Angeles Department of Water and Power, as well as their spouses and minor children. By functioning as a voluntary, employee-funded death benefit plan, it ensures that members have access to benefits that can ease the financial burdens associated with death.

The plan is sustained through assessment fees and interest earned, which are allocated to cover death claims and administrative costs. This structure allows it to provide a safety net for families during difficult times, ensuring they receive necessary financial assistance when they need it most. The availability of these benefits can significantly impact the peace of mind for employees, knowing their loved ones will be supported in the event of their passing, promoting overall employee welfare within the organization. In essence, it fosters a community of support among members, enhancing their sense of security and camaraderie.




This information is meant to be a general summary of Los Angeles Water And Power Employees Assoc - Mutual Death Benefit Plan. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$822,776 (2022)
201120122013201420152016201720182019202020212022$0$550k$1.1M$1.65M$2.2M
Expenses
$396,662 (2022)
201120122013201420152016201720182019202020212022$0$150k$300k$450k$600k
Efficiency
2011201220132014201520162017201820192020202120220%4%8%12%17%

Other financial information:

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

  • Investment Income: $469,628
  • Gross Receipts: $822,776

Assets and Liabilities:

  • Total Assets: $6,452,999
  • Total Liabilities: $514,486
  • Net Assets: $5,938,513

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Organization Details

Founding Year

1933

Principal Officer

Reindert Kok

Main Address

111 Hope Street, Los Angeles, CA, 90012

NTEE Category

Code: Y40 - Mutual benefit

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