L-3 Communications Group Health Plan Nonbargained Group Veba
- Assets
- $9.2m
- Revenue
- $1.3m
- Investments
- $9.2m
- Employees
- 0
- Location
- Melbourne, FL
- Founding
- 06/2005
- Data as of
- 12/2021
- EIN
- 20-1036354
Organization Overview
L-3 Communications Group Health Plan Nonbargained Group Veba is located in Melbourne, FL. The organization was established in 2005. 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. L-3 Communications Group Health Plan Nonbargained Group 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, L-3 Communications Group Health Plan Nonbargained Group Veba generated $1.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.0% each year. All expenses for the organization totaled $4.1m during the year ending 12/2021. While expenses have increased by 0.9% 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
PAYMENT TO RETIREE MEDICAL BENEFITS FOR SALARIED EMPLOYEES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PAYMENT OF RETIREE MEDICAL BENEFITS FOR SALARIED EMPLOYEES.
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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 | $654,871 |
| Investment income | $67,617 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $596,206 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,318,694 |
| 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 | $4,053,909 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $65,888 |
| Total functional expenses | $4,119,797 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $9,175,306 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $9,175,306 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| 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 | $9,175,306 |
| Total liabilities and net assets/fund balances | $9,175,306 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Erc Inc Veba Tr Huntsville, AL | $599,093 | $18,794,118 |
Tampa Firefighters And Police Officers Employee Health Plan Pembroke Pines, FL | $3,443,224 | $20,445,899 |
Board Of Trustees South Florida Hotel & Culinary Employees Welfare Pembroke Pines, FL | $21,634,060 | $28,066,603 |
Davidson Hotel Company Health Care Trust Atlanta, GA | $5,182,784 | $19,057,359 |
Alabama Power Company Post Retirement Welfare Benefit Trust Atlanta, GA | $253,301,719 | $9,773,954 |
Air Conditioning Refrgtng Htg & Piping Ind Health & Welfare Fund Pembroke Pines, FL | $23,876,153 | $13,415,604 |
Building Trades Afl-Agc Welfare Fund Mobile, AL | $23,480,933 | $14,448,543 |
Alabama Bankers Association Health Benefit Tr Montgomery, AL | $676,968 | $10,977,548 |
Caci International Inc Health Benefits Trust Orlando, FL | $54,156 | $10,441,390 |
Dlh Solutions Inc Loganville, GA | $71,295 | $8,605,180 |
Ironworkers Local Union 92 Health And Welfare Fund Birmingham, AL | $0 | $2,117,299 |
Athens Restaurant Employees Health Insurance Fund Orlando, FL | $1,631,919 | $7,621,760 |