Automobile Club Of Southern Calif

Organization Overview

Automobile Club Of Southern Calif, operating under the name ACSC Retiree VEBA, is located in Costa Mesa, CA. The organization was established in 1994. 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. ACSC Retiree VEBA 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, ACSC Retiree VEBA generated $3.1m 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 (8.3%) each year. All expenses for the organization totaled $4.3m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (5.9%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE TRUST PROVIDES MEDICAL AND DENTAL BENEFITS TO RETIRED EMPLOYEES OF AUTOMOBILE CLUB OF SO CALI AND ITS WHOLLY OWNED SUBSIDIARIES AND THEIR DEPENDENTS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PREMIUM PAYMENTS FOR MEDICAL AND DENTAL CLAIMS TO INSURANCE CARRIERS.


NET PAYMENTS FOR HEALTH CLAIMS.


ADMINISTRATIVE EXPENSES.


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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$1,506,279
Investment income $2,386,389
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$54,447
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $3,141,110

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