Retired Los Angeles City Employees Inc
- Assets
- $398.8k
- Revenue
- $217.3k
- Investments
- $0.0
- Employees
- 0
- Location
- North Hills, CA
- Founding
- 06/1979
- Data as of
- 12/2022
- EIN
- 23-7104590
Organization Overview
Retired Los Angeles City Employees Inc is located in North Hills, CA. The organization was established in 1979. According to its NTEE Classification (Y99) the organization is classified as: Mutual & Membership Benefit N.E.C., 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. Retired Los Angeles City Employees Inc is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2022, Retired Los Angeles City Employees Inc generated $217.3k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.4% each year. All expenses for the organization totaled $204.5k during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE COMMON WELFARE, IMPROVEMENT OF BENEFITS, PROVIDE MEANS OF COMMUNICATING BENEFITS AND POLICIES OF THE RETIRED LOS ANGELES CITY EMPLOYEES TO THE RETIREES AND THEIR SPOUSES; INCLUDING ADVICE AND INTERVENTION FOR THE RELIEF OF POOR, DISTRESSED OR UNDER-PRIVILEGED RETIRED LOS ANGELES CITY EMPLOYEES LESSENING THE BURDENS OF GOVERNMENT IN ORDER TO KEEP RETIRED LOS ANGELES CITY EMPLOYEES INFORMED OF POLICIES AND PRACTICES OF THE LOS ANGELES CITY EMPLOYEES' RETIREMENT SYSTEM. IN ADDITION, THE PURPOSE OF THIS CORPORATION IS TO DETERMINE THE NEEDS AND RIGHTS OF CITY RETIREES AND TO TAKE ACTION IN SUPPORT AND PROTECT IDENTIFIED NEEDS AND RIGHTS, INCLUDING COMMUNICATING WITH LOS ANGELES APPOINTED AND ELECTED OFFICIALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE A MONTHLY SUBSCRIPTION FOR OUR MEMBERS TO THE ALIVE! NEWSPAPER, A CITY EMPLOYEE NEWSPAPER WHICH PROVIDES INFORMATION TO CITY RETIREES ON ACTIVITIES AND INFORMATION FOR RETIREES, AND PERIODIC MAILINGS TO THE MEMBERSHIP ON ISSUES THAT EFFECT THEM; CONTRACT WITH CITY CLUB OF LOS ANGELES TO PROVIDE A DISCOUNT PROGRAM AND VARIOUS INSURANCE TO OUR MEMBERS.
MAINTAIN WEBSITE, A TOLL-FREE MEMBER HELP-LINE AND EMAIL ADDRESS TO ASSIST MEMBERS AND THEIR FAMILIES.
HELD ENTERTAINMENT EVENTS FOR MEMBERS AND THEIR SPOUSES OR FAMILY MEMBERS; PROVIDED LUNCH, DESSERT, DRINKS, AND ENTERTAINMENT, INCLUDING RAFFLE PRIZES. DURING THE EVENTS MEMBERS WERE ALSO PROVIDED UPDATES ON THEIR RETIREE BENEFITS.
HELD A GOLF TOURNAMENT WITH LUNCHEON FOR OUR MEMBERS AND THEIR SPOUSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ruth Perry President And Membership Chair | OfficerTrustee | 20 | $23,400 |
Beverly Clark 1st Vice President And Communications Chair | OfficerTrustee | 15 | $9,600 |
Loucin Artinian Treasurer | OfficerTrustee | 15 | $9,600 |
Verkin Keoseian Director | Trustee | 5 | $7,400 |
Nancy Hammoudian Secretary | OfficerTrustee | 15 | $4,800 |
Dennis Harding Entertainment Chair | Trustee | 5 | $3,600 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $215,426 |
| 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 | $215,426 |
| Total Program Service Revenue | $0 |
| Investment income | $1,830 |
| 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 | $217,256 |
| 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 | $124,518 |
| Compensation of current officers, directors, key employees. | $66,450 |
| Compensation of current officers, directors, key employees. | $66,450 |
| 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 | $7,201 |
| 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 | $760 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $5,118 |
| All other expenses | $483 |
| Total functional expenses | $204,530 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,879 |
| Savings and temporary cash investments | $385,875 |
| 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 | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $398,754 |
| 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 | $398,754 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $398,754 |
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