Worldwide Assurance For Employees Of Public Agencies Inc

Organization Overview

Worldwide Assurance For Employees Of Public Agencies Inc is located in Falls Church, VA. The organization was established in 1944. 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 12/2021, Worldwide Assurance For Employees Of Public Agencies Inc employed 50 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Worldwide Assurance For Employees Of Public Agencies Inc 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, Worldwide Assurance For Employees Of Public Agencies Inc generated $47.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.0% each year. All expenses for the organization totaled $56.2m during the year ending 12/2021. While expenses have increased by 7.4% 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

WAEPA IS A NON-PROFIT ASSOCIATION FORMED TO PROMOTE THE HEALTH, WELFAREAND FINANCIAL WELL-BEING OF ITS MEMBERS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVIDE TERM LIFE INSURANCE AND SHORT-TERM DISABILITY INSURANCE UNDER GROUP POLICIES ISSUED TO WAEPA.


PROVIDE SEMINARS ON FINANCIAL AND RETIREMENT PLANNING AND WRITTENGUIDES ON FEDERAL EMPLOYMENT RELATED ISSUES, ON PARTICIPATION IN THEFEDERAL EMPLOYEE HEALTH PROGRAM OFFERED THROUGH THE FEDERAL GOVERNMENT,AND ON QUALIFICATIONS FOR FEDERAL STUDENT AID.


PROVIDE A COLLEGE SCHOLARSHIP PROGRAM FOR CHILDREN OF WAEPA'S MEMBERS.WAEPA AWARDED SCHOLARSHIPS TOTALING $190,000 FOR THE YEAR ENDED DECEMBER 31, 2021.


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Board, Officers & Key Employees

Name (title)Compensation
M Shane Canfield
CEO
$320,048
Brandon Jones
Cio
$269,626
Laura Lee
SVP Finance & Administrati
$245,800
Stephanie Baker
SVP Member Billing Service
$227,864
Anthony Zerante
SVP Strategic Operations
$224,744
Stacy Outlaw
SVP Marketing
$221,321

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Deloitte Consulting Llp
Consulting
$3,055,213
Tpg
Creative Consulting
$554,061
Good Karma Broadcasting
Radio Advertising
$185,000
Wfed
Radio Advertising
$155,074
Ernst & Young
Advisory Services
$154,050
View All Vendors

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$39,091,336
Investment income $4,275,226
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $4,215,809
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $47,586,387

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