Las Vegas Metropolitan Police Dept Employee Health & Welfare Trust
- Assets
- $105.5m
- Revenue
- $66.4m
- Investments
- $0.0
- Employees
- 1
- Location
- Las Vegas, NV
- Founding
- 11/2003
- Data as of
- 12/2023
- 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 12/2023, Las Vegas Metropolitan Police Dept Employee Health & Welfare Trust generated $66.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.4% each year. All expenses for the organization totaled $71.2m during the year ending 12/2023. While expenses have increased by 6.9% per year over the past 8 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
2023
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 |
|---|---|---|---|
Jackson Wong Chairman | Trustee | 2 | $0 |
John Abel Co-Chairman | Trustee | 2 | $0 |
James Kilber Trustee | Trustee | 2 | $0 |
Jamie Frost Trustee | Trustee | 2 | $0 |
Jamie Prosser Trustee | Trustee | 2 | $0 |
Myron Hamm Trustee | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Brownstein Hyatt Farber Schreck Legal | 12/30/23 | $197,464 |
Umr Administrator | 12/30/23 | $1,224,279 |
Peavine Capital Investment Manager | 12/30/23 | $229,682 |
Buck Global Consultant | 12/30/23 | $264,121 |
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 | $63,835,408 |
| Investment income | $3,014,769 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$4,877,280 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $66,413,952 |
| 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 | $68,759,219 |
| 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 | $116,252 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $197,464 |
| Fees for services: Accounting | $43,885 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $229,682 |
| Fees for services: Other | $1,665,167 |
| Advertising and promotion | $0 |
| Office expenses | $43,902 |
| 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 | $56,279 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $54,567 |
| All other expenses | $0 |
| Total functional expenses | $71,166,417 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,625,602 |
| Savings and temporary cash investments | $8,631,998 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,908,692 |
| 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 | $52,737 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $89,321,511 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $105,540,540 |
| Accounts payable and accrued expenses | $477,821 |
| 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 | $8,689,628 |
| Total liabilities | $9,167,449 |
| 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 | $96,373,091 |
| Total liabilities and net assets/fund balances | $105,540,540 |