Law Enforcement Health Benefits Inc
- Assets
- $91.5m
- Revenue
- $156.6m
- Investments
- $0.0
- Employees
- 63
- Location
- Philadelphia, PA
- Founding
- 04/1988
- Data as of
- 06/2023
- EIN
- 23-2458715
Organization Overview
Law Enforcement Health Benefits Inc is located in Philadelphia, PA. The organization was established in 1988. According to its NTEE Classification (Y40) the organization is classified as: Fraternal Societies, under the broad grouping of Mutual & Membership Benefit and related organizations. As of 06/2023, Law Enforcement Health Benefits Inc employed 63 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Law Enforcement Health Benefits Inc is a 501(c)(8) and as such, is described as a "Fraternal Beneficiary Society and/or Association" by the IRS.
For the year ending 06/2023, Law Enforcement Health Benefits Inc generated $156.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $149.0m during the year ending 06/2023. While expenses have increased by 1.6% 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 BENEFITS TO POLICE OFFICERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE MEDICAL INSURANCE COVERAGE AND PRESCRIPTION, DENTAL, AND VISION BENEFITS TO APPROXIMATELY 8,000 POLICE OFFICERS AND THEIR FAMILIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Gaittens Administrator | Officer | 40 | $232,258 |
Thomas Clarkson Director | Trustee | 5 | $7,400 |
Christine Coulter Director | Trustee | 5 | $8,767 |
Lamont Fox Director | Trustee | 5 | $6,700 |
Timothy Hart Director | Trustee | 5 | $6,400 |
Derrick Lyles Director | Trustee | 5 | $5,800 |
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 | $155,509,439 |
| Investment income | $1,451,910 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$400,211 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $156,561,138 |
| 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 | $144,980,317 |
| Compensation of current officers, directors, key employees. | $730,051 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,175,349 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $104,395 |
| Payroll taxes | $148,515 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,719 |
| Fees for services: Accounting | $30,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $227,942 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $155,563 |
| Information technology | $95,400 |
| Royalties | $0 |
| Occupancy | $281,327 |
| 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 | $681,024 |
| Insurance | $75,942 |
| All other expenses | $38,166 |
| Total functional expenses | $149,030,142 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,451,065 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $14,565,519 |
| 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 | $136,673 |
| Net Land, buildings, and equipment | $19,763,168 |
| Investments—publicly traded securities | $46,614,530 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $91,530,955 |
| Accounts payable and accrued expenses | $74,265 |
| 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 | $13,644,896 |
| Total liabilities | $13,719,161 |
| 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 | $77,811,794 |
| Total liabilities and net assets/fund balances | $91,530,955 |