Waterloo Police Protective Association
- Assets
- $1.4m
- Revenue
- $176.9k
- Investments
- $1.1m
- Employees
- 0
- Location
- Waterloo, IA
- Founding
- 10/1976
- Data as of
- 06/2022
- EIN
- 42-6055159
Organization Overview
Waterloo Police Protective Association is located in Waterloo, IA. The organization was established in 1976. According to its NTEE Classification (J40) the organization is classified as: Labor Unions, under the broad grouping of Employment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Waterloo Police Protective Association is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 06/2022, Waterloo Police Protective Association generated $176.9k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.5%) each year. All expenses for the organization totaled $243.2k during the year ending 06/2022. 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
TO PROVIDE BENEFITS TO THE POLICE FORCE OF WATERLOO, IA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WELFARE COMMITTEE: PROMOTE HEALTH, SAFETY AND ECONOMIC WELFARE OF MEMBERS OF THE WATERLOO POLICE FORCE.
DEATH AND RETIREMENT: PROVIDE DEATH AND RETIREMENT BENEFITS TO MEMBERS OF THE WATERLOO POLICE FORCE.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rob Camarata President | OfficerTrustee | 0.5 | $3,492 |
Gus Farmer Secretary | OfficerTrustee | 0.5 | $1,824 |
Marc Jasper Treasurer | OfficerTrustee | 0.5 | $1,428 |
Chris Roberts 2nd Vice Pre | OfficerTrustee | 0.5 | $0 |
Kristin Schuster 1st Vice Pre | OfficerTrustee | 0.5 | $0 |
Rich Gehrke Welfare Comm | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $122,012 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $417 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $122,429 |
| Total Program Service Revenue | $0 |
| Investment income | $21,344 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $34,280 |
| Net Income from Fundraising Events | -$12,578 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $176,903 |
| 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 | $132,936 |
| Compensation of current officers, directors, key employees. | $9,579 |
| Compensation of current officers, directors, key employees. | $9,579 |
| 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 | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,425 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $11,962 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,140 |
| Office expenses | $3,950 |
| 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 | $12,702 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,724 |
| All other expenses | $2,425 |
| Total functional expenses | $243,184 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $362,615 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,061,594 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,424,209 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| 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 | $1,424,209 |
| Total liabilities and net assets/fund balances | $1,424,209 |
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