Long-Term Disability Voluntary Employees Beneficiary Association

Organization Overview

Long-Term Disability Voluntary Employees Beneficiary Association is located in Rosemead, CA. The organization was established in 2000. 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. Long-Term Disability Voluntary Employees Beneficiary Association is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.

For the year ending 12/2022, Long-Term Disability Voluntary Employees Beneficiary Association generated $9.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.9% each year. All expenses for the organization totaled $9.3m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

THE ORGANIZATION WAS FORMED TO PROVIDE HEALTH AND WELFARE BENEFITS TO ITS RETIREE MEMBERS, WHOM ARE MANAGEMENT, ADMINISTRATIVE AND COLLECTIVELY BARGAINED EMPLOYEES OF SOUTHERN CALIFORNIA EDISON.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE PRIMARY EXEMPT PURPOSE ACHIEVEMENT FOR THIS VOLUNTARY EMPLOYEES' BENEFICIARY ASSOCIATION (VEBA) DURING THE YEAR WAS THE PAYMENT OF $9,320,670 IN HEALTH AND WELFARE BENEFITS TO ITS MEMBERS.


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Board, Officers & Key Employees

Name (title)Compensation
Name Not Listed
Trustee (beg. 10/2019)
$0

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$9,850,000
Investment income $76,943
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $9,926,943

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