Lcmcd-Lchcd Retiree Health Insurance Trust Fund
- Assets
- $11.5m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Lehigh Acres, FL
- Founding
- 10/2016
- Data as of
- 09/2023
- EIN
- 47-5070124
Organization Overview
Lcmcd-Lchcd Retiree Health Insurance Trust Fund is located in Lehigh Acres, FL. The organization was established in 2016. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lcmcd-Lchcd Retiree Health Insurance Trust Fund is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.
For the year ending 09/2023, Lcmcd-Lchcd Retiree Health Insurance Trust Fund generated $1.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.2% each year. All expenses for the organization totaled $1.2m during the year ending 09/2023. 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
THIS FUND HAS BEEN ESTABLISHED TO PROVIDE POST-RETIREMENT HEALTH BENEFITS FOR THE LEE COUNTY MOSQUITO CONTROL DISTRICT AND THE LEE COUNTY HYACINTH CONTROL DISTRICT, GOVERNMENTAL UNITS ESTABLISHED UNDER FLORIDA STATUTE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David F Hoel Chairman | OfficerTrustee | 1 | $0 |
James S O'neill CFO | OfficerTrustee | 1 | $0 |
Kevin D Watts Trustee | OfficerTrustee | 1 | $0 |
Edward M Brantley III Trustee | Trustee | 1 | $0 |
George J Wichterman Trustee | Trustee | 1 | $0 |
Stephen R Bowen Sec/treasure | OfficerTrustee | 1 | $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 | $1,307,618 |
| Investment income | $201,261 |
| 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 | $1,520,879 |
| 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 | $1,121,602 |
| 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 | $6,642 |
| Fees for services: Accounting | $15,251 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $66,125 |
| Fees for services: Other | $3,672 |
| 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 | $0 |
| Total functional expenses | $1,213,292 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,005 |
| Savings and temporary cash investments | $5,771 |
| 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 | $11,474,924 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $11,493,700 |
| Accounts payable and accrued expenses | $1,570 |
| 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 | $1,570 |
| 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 | $11,492,130 |
| Total liabilities and net assets/fund balances | $11,493,700 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
St Lucie County Fire District Employees Health & Welfare Trust Fort Pierce, FL | $4,788,987 | $11,015,079 |
Palm Beach County Firefighters Rertirement Insurance Fund West Palm Beach, FL | $107,508,843 | $11,817,154 |
Tucson Electric Power Company Retiree Medical Benefit Trust For Orlando, FL | $24,717,524 | $3,219,689 |
Lcmcd-Lchcd Retiree Health Insurance Trust Fund Lehigh Acres, FL | $11,493,700 | $1,520,879 |
St Lucie County Fire District Retirees Health Insurance Board Port Saint Lucie, FL | $7,229,162 | $824,421 |
Fire Fighters Of Boca Raton Retiree Insurance Trust Fund Delray Beach, FL | $8,688,553 | $947,064 |
Jacksonville Police Death Benefit Fnd Jacksonville Beach, FL | $1,590,454 | $524,595 |
Fort Myers Beach Retiree Insurance Trust Fund Fort Myers Beach, FL | $1,163,572 | $107,251 |
Marion County Tax Collector Veba Trust Ocala, FL | $32,111 | $0 |
Estero Fire Rescue Retiree Insurance Trust Fund Estero, FL | $1,162,304 | $221,134 |
Riviera Beach Firefighters Health Insurance Trust Fund West Palm Beach, FL | $0 | $0 |