Luoktg Welfare Association
- Assets
- $73.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Arlington, TX
- Founding
- 03/2017
- Data as of
- 12/2022
- EIN
- 81-3040506
Organization Overview
Luoktg Welfare Association is located in Arlington, TX. The organization was established in 2017. According to its NTEE Classification (Y20) the organization is classified as: Insurance Providers, 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. Luoktg Welfare Association is a 501(c)(12) and as such, is described as a "Benevolent Life Insurance Association, Mutual Ditch or Irrigation Company, Mutual or Cooperative Telephone Company" by the IRS.
For the year ending 12/2022, Luoktg Welfare Association generated $51.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (15.0%) each year. All expenses for the organization totaled $56.2k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
PROVIDED $55,000 IN FINANCIAL ASSISTANCE TO 11 NEEDY BEREAVED FAMILIES IN 2012
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ruth Riaro Teasurer | 15 | $0 | |
Lucy Otieno Secretary | 10 | $0 | |
Amos Oketch Chairman | 15 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $51,171 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $51,171 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $1,170 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $55,000 |
| Total expenses | $56,170 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $73,019 |
| Other assets | $0 |
| Total assets | $73,019 |
| Total liabilities | $0 |
| Net assets or fund balances | $73,019 |
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Pioneer Telephone Cooperative Inc Employees Benefit Trust Kingfisher, OK | $34,922,609 | $2,480,354 |
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