Akron Police Department Voluntary Employee Insurance Association

Organization Overview

Akron Police Department Voluntary Employee Insurance Association is located in Uniontown, OH. The organization was established in 1988. According to its NTEE Classification (I03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Crime & Legal-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Akron Police Department Voluntary Employee Insurance Association is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.

For the year ending 12/2021, Akron Police Department Voluntary Employee Insurance Association generated $313.5k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.5% each year . All expenses for the organization totaled $119.6k during the year ending 12/2021. While expenses have increased by 5.5% 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

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE INSURANCE BENEFITS TO MEMBERS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVIDED LIFE, ACCIDENTAL DEATH & DISMEMBERMENT, AND DEPENDENT LIFE INSURANCE BENEFITS TO PARTICIPANTS, THEIR DEPENDENTS OR DESIGNATED BENEFICIARIES.


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Board, Officers & Key Employees

Name (title)Compensation
Carl Stevens
Secretary/treasurer
$9,900
Gerald Forney
Vice President
$0
Stephen Phillips
President
$0
James Pasheilich
Trustee
$0
Michael Schmidt
Trustee
$0
Eric Mcdonald
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$47,460
Investment income $120,057
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $145,950
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $313,467

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