Law Enforcement Health Benefits Inc
- Assets
- $77.9m
- Revenue
- $135.9m
- Investments
- $0.0
- Employees
- 60
- Location
- Philadelphia, PA
- Founding
- 04/1988
- Data as of
- 06/2022
- EIN
- 23-2458715
Organization Overview
Law Enforcement Health Benefits Inc is located in Philadelphia, PA. The organization was established in 1988. According to its NTEE Classification (Y40) the organization is classified as: Fraternal Societies, under the broad grouping of Mutual & Membership Benefit and related organizations. As of 06/2022, Law Enforcement Health Benefits Inc employed 60 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Law Enforcement Health Benefits Inc is a 501(c)(8) and as such, is described as a "Fraternal Beneficiary Society and/or Association" by the IRS.
For the year ending 06/2022, Law Enforcement Health Benefits Inc generated $135.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.4% each year. All expenses for the organization totaled $145.5m during the year ending 06/2022. While expenses have increased by 1.5% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE HEALTH BENEFITS TO POLICE OFFICERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE MEDICAL INSURANCE COVERAGE AND PRESCRIPTION, DENTAL, AND VISION BENEFITS TO APPROXIMATELY 8,000 POLICE OFFICERS AND THEIR FAMILIES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John J Gaittens Administrator | Officer | 40 | $236,902 |
Raymond J Convery Director | Trustee | 5 | $791 |
Kaitlyn Rocks Employee | 40 | $107,399 | |
Phyllis Nichols Employee | 40 | $102,975 | |
Cynthia Mcclean-Richards Employee | 40 | $101,710 | |
Christine Coulter Director | Trustee | 5 | $8,004 |
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 | $130,279,690 |
| Investment income | $1,148,543 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $4,450,608 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $135,878,841 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $141,427,189 |
| Compensation of current officers, directors, key employees. | $813,098 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,160,014 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $95,820 |
| Payroll taxes | $152,853 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $18,386 |
| Fees for services: Accounting | $30,550 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $265,670 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $170,806 |
| Information technology | $95,700 |
| Royalties | $0 |
| Occupancy | $312,710 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $662,745 |
| Insurance | $39,307 |
| All other expenses | $41,903 |
| Total functional expenses | $145,519,748 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,785,323 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $11,332,049 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $80,160 |
| Net Land, buildings, and equipment | $20,418,015 |
| Investments—publicly traded securities | $43,239,000 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $77,854,547 |
| Accounts payable and accrued expenses | $93,864 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $10,252,380 |
| Total liabilities | $10,346,244 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $67,508,303 |
| Total liabilities and net assets/fund balances | $77,854,547 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Gbu Financial Life Pittsburgh, PA | $3,781,723,351 | $647,407,741 |
National Slovak Society Of The Usa Mcmurray, PA | $1,648,444,321 | $343,047,984 |
Law Enforcement Health Benefits Inc Philadelphia, PA | $77,854,547 | $135,878,841 |
First Catholic Slovak Ladies Assoc Of The Usa Cleveland, OH | $1,116,473,671 | $118,651,885 |
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