Luoktg Welfare Association
- Assets
- $68.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Arlington, TX
- Founding
- 03/2017
- Data as of
- 12/2023
- 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 12/2023, Luoktg Welfare Association generated $42.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (15.1%) each year. All expenses for the organization totaled $46.5k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (14.2%) per year over the past 5 years. 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
2023
Describe the Organization's Program Activity:
Part 3
PROVIDED $45000 IN FINANCIAL SUPPORT TO NEEDY FAMILIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lucy Odongo Secretary | 15 | $0 | |
Ruth Riaro Treasurer | 15 | $0 | |
Amos Oketch Chairman | 20 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $42,006 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $42,006 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $45,000 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $1,531 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $0 |
| Total expenses | $46,531 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $68,494 |
| Other assets | $0 |
| Total assets | $68,494 |
| Total liabilities | $0 |
| Net assets or fund balances | $68,494 |