Detroit Police Benefit And Protective Association is located in Detroit, MI. The organization was established in 1960. 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. As of 12/2022, Detroit Police Benefit And Protective Association employed 4 individuals. This organization is the central organization for a national or regional group of organizations. Detroit Police Benefit And Protective Association is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.
For the year ending 12/2022, Detroit Police Benefit And Protective Association generated $950.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (5.0%) each year. All expenses for the organization totaled $2.5m 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 PROVIDE DEATH BENEFITS TO MEMBERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
DEATH BENEFITS PAID TO OR FOR MEMBERS: DEATH BENEFITS PAID $1,277,597 DISABILITY BENEFITS PAID $ 9,000 RETURN OF ASSESSMENTS $ 754,925
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Delbert Jennings Sec/treas | Officer | 40 | $32,062 |
Rodney Cox Board Member | Trustee | 0 | $0 |
Rosemary Coleman Board Member | Trustee | 0 | $0 |
Lisa Alexander Board Member | Trustee | 0 | $0 |
James Craig Board Member | Trustee | 0 | $0 |
Leann Dean Board Member | Trustee | 0 | $0 |
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 | $1,161 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $1,161 |
Total Program Service Revenue | $705,618 |
Investment income | $577,851 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | -$334,460 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $950,170 |
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 | $2,041,522 |
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 | $180,134 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $79,382 |
Payroll taxes | $14,085 |
Fees for services: Management | $0 |
Fees for services: Legal | -$200 |
Fees for services: Accounting | $20,000 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $57,787 |
Fees for services: Other | $0 |
Advertising and promotion | $0 |
Office expenses | $19,978 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $44,955 |
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 | $1,008 |
Insurance | $5,163 |
All other expenses | $19,412 |
Total functional expenses | $2,514,533 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $78,724 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $67,249 |
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 | $1,113 |
Investments—publicly traded securities | $26,083,240 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $120,153 |
Total assets | $26,350,479 |
Accounts payable and accrued expenses | $491,005 |
Grants payable | $0 |
Deferred revenue | $1,852 |
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 | $22,508,992 |
Total liabilities | $23,001,849 |
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 | $3,348,630 |
Total liabilities and net assets/fund balances | $26,350,479 |