Las Vegas Metropolitan Police Dept Employee Health & Welfare Trust
- Assets
- $109.7m
- Revenue
- $65.9m
- Investments
- $0.0
- Employees
- 1
- Location
- Las Vegas, NV
- Founding
- 11/2003
- Data as of
- 12/2021
- EIN
- 88-0514078
Organization Overview
Las Vegas Metropolitan Police Dept Employee Health & Welfare Trust is located in Las Vegas, NV. The organization was established in 2003. According to its NTEE Classification (Y43) the organization is classified as: Voluntary Employees Beneficiary Associations (Non-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. Las Vegas Metropolitan Police Dept Employee 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, Las Vegas Metropolitan Police Dept Employee Health & Welfare Trust generated $65.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.0% each year. All expenses for the organization totaled $64.4m during the year ending 12/2021. While expenses have increased by 6.0% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE HEALTH AND WELFARE BENEFITS TO PLAN PARTICIPANTS AND DEPENDENTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEDICAL, DENTAL, VISION, PRESCRIPTION, LIFE, AND AD&D BENEFITS FOR PARTICIPANTS AND THEIR DEPENDENTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kenny Delzer Co-Chair | Trustee | 2 | $0 |
James Kilber Trustee | Trustee | 2 | $0 |
John Mcgrath Trustee | Trustee | 2 | $0 |
Myron Hamm Trustee | Trustee | 2 | $0 |
Jackson Wong Chairman | Trustee | 2 | $0 |
John Abel Trustee | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Brownstein Hyatt Farber Schreck Legal | 12/30/21 | $202,245 |
Umr Administrator | 12/30/21 | $1,142,604 |
Peavine Capital Investment Manager | 12/30/21 | $198,967 |
Buck Global Consultant | 12/30/21 | $274,403 |
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 | $60,677,085 |
| Investment income | $304,687 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $833,443 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $65,945,255 |
| 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 | $62,403,057 |
| Compensation of current officers, directors, key employees. | $63,800 |
| 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 | $5,123 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $202,245 |
| Fees for services: Accounting | $37,671 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $198,967 |
| Fees for services: Other | $1,417,007 |
| Advertising and promotion | $0 |
| Office expenses | $51,466 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | -$1,073 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $9,073 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $50,793 |
| All other expenses | $0 |
| Total functional expenses | $64,438,129 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,611,895 |
| Savings and temporary cash investments | $1,472,705 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,770,433 |
| 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 | $49,198 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $100,806,826 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $109,711,057 |
| Accounts payable and accrued expenses | $185,570 |
| 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 | $10,330,431 |
| Total liabilities | $10,516,001 |
| 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 | $99,195,056 |
| Total liabilities and net assets/fund balances | $109,711,057 |