Lansing Board Of Water & Light Retiree Benefit Plan & Trust Agree

Organization Overview

Lansing Board Of Water & Light Retiree Benefit Plan & Trust Agree is located in Lansing, MI. The organization was established in 2000. According to its NTEE Classification (Y44) the organization is classified as: Voluntary Employees Beneficiary Associations 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. Lansing Board Of Water & Light Retiree Benefit Plan & Trust Agree is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.

For the year ending 06/2022, Lansing Board Of Water & Light Retiree Benefit Plan & Trust Agree generated $28.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.7% each year. All expenses for the organization totaled $13.8m during the year ending 06/2022. While expenses have increased by 3.6% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

PROVIDE POST-RETIREMENT HEALTH AND LIFE INSURANCE BENEFITS TO RETIREES OF LANSING BOARD OF WATER.

Describe the Organization's Program Activity:

Part 3 - Line 4a

FOR THE TAX PERIOD ENDED JUNE 30, 2022 THE ORGANIZATION RECEIVED AN EMPLOYER CONTRIBUTION OF $13,492,757 FOR THE PURPOSE OF PROVIDING POST-RETIREMENT HEALTH AND LIFE INSURANCE BENEFITS PERMITTED BY IRC SECTION 501(C)(9) TO RETIREES OF THE LANSING BOARD OF WATER AND LIGHT.


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Board, Officers & Key Employees

Name (title)Compensation
Dusty Horwitt
Trustee
$0
Beth Graham
Trustee
$0
Deshon Leek
Trustee
$0
Semone James
Trustee
$0
Anthony Mullen
Trustee
$0
David Price
Trustee
$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$13,492,757
Investment income $5,847,270
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $8,854,151
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $28,194,178

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