Ocu Health & Welfare Trust
- Assets
- $276.7m
- Revenue
- $28.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Covina, CA
- Founding
- 10/2010
- Data as of
- 12/2021
- EIN
- 26-1574455
Organization Overview
Ocu Health & Welfare Trust is located in Covina, CA. The organization was established in 2010. 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. Ocu Health & Welfare Trust 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, Ocu Health & Welfare Trust generated $28.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.4%) each year. All expenses for the organization totaled $21.6m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by 0.0% per year over the past 7 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
HEALTH & WELFARE BENEFITS PROVIDED TO MEMBERS WHOSE EMPLOYERS CONTRIBUTE TO THE FUND.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HEALTH & WELFARE BENEFITS PROVIDED TO MEMBERS WHOSE EMPLOYERS CONTRIBUTE TO THE FUND.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Fageaux Trustee | Trustee | 10 | $0 |
John Ochs Trustee | Trustee | 10 | $0 |
Christopher Rapp Trustee | Trustee | 10 | $0 |
Dawn Feikema Trustee | Trustee | 10 | $0 |
Rex Mcnamara Trustee | Trustee | 10 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
State Street Global Advisors Investment Manager | 12/30/21 | $130,144 |
Pacific Southwest Administrators Third Party Administrators | 12/30/21 | $267,318 |
Anthemblue Cross Claims Administration | 12/30/21 | $175,171 |
Asb Capital Management Investment Manager | 12/30/21 | $198,434 |
Epic Brokers Benefit Consultant | 12/30/21 | $131,220 |
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 | $23,720,845 |
| Investment income | $1,062,025 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,174,393 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $27,957,263 |
| 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 | $20,284,474 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $552,103 |
| Fees for services: Legal | $132,171 |
| Fees for services: Accounting | $21,390 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $328,578 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $29,427 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $0 |
| Insurance | $22,580 |
| All other expenses | $15,113 |
| Total functional expenses | $21,642,615 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$159,689 |
| Savings and temporary cash investments | $8,353,542 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,009,898 |
| 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 | $12,926 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $267,508,117 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $276,724,794 |
| Accounts payable and accrued expenses | $116,286 |
| 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 | $1,746,000 |
| Total liabilities | $1,862,286 |
| 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 | $274,862,508 |
| Total liabilities and net assets/fund balances | $276,724,794 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Producers Health Benefits Plan Raleigh Studios West Covina, CA | $31,226,794 | $35,763,235 |
School Administrators Welfare Trust Las Vegas, NV | $4,655,060 | $27,258,047 |
All City Employees Benefits Service Association Los Angeles, CA | $8,641,222 | $26,619,696 |
San Diego County Teamsters-Employers Insurance Trus San Diego, CA | $15,215,936 | $26,957,147 |
Ocu Health & Welfare Trust Covina, CA | $276,724,794 | $27,957,263 |
United Firefighters Of La City Local 112 Los Angeles, CA | $12,153,836 | $22,230,938 |
Los Angeles City Employees Assoc Los Angeles, CA | $3,929,148 | $17,394,043 |
Clark County Firefighters Union Las Vegas, NV | $43,051,788 | $17,162,626 |
Elk Grove Benefits Employee Retirement Trust Elk Grove, CA | $203,519,150 | $24,003,210 |
Las Vegas Firefighters Health & Welfare Trust Las Vegas, NV | $20,225,951 | $14,905,602 |
Public Employee Benefit Tr Of Ca Glendale, CA | $33,411 | $11,074,985 |
Sheriffs Relief Assn Of Los Angeles County Whittier, CA | $56,773,839 | $4,943,201 |