Irvine Police Association Benefit Trust
- Assets
- $36.0m
- Revenue
- $4.7m
- Investments
- $0.0
- Employees
- 0
- Location
- Mukilteo, WA
- Founding
- 01/2001
- Data as of
- 06/2021
- EIN
- 91-2003780
Organization Overview
Irvine Police Association Benefit Trust is located in Mukilteo, WA. The organization was established in 2001. 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. Irvine Police Association Benefit Trust is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.
For the year ending 06/2021, Irvine Police Association Benefit Trust generated $4.7m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 17.1% each year . All expenses for the organization totaled $2.0m during the year ending 06/2021. While expenses have increased by 7.2% per year over the past 6 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE TRUST PROVIDES FOR REIMBURSEMENTS TO RETIRED BENEFICIARIES OF HEALTH INSURANCE PREMIUMS AND QUALIFIED MEDICAL EXPENSES PAID BY THE BENEFICIARY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PLAN PROVIDES FOR REIMBURSEMENTS TO 366 RETIRED BENEFICIARIES OF HEALTH INSURANCE PREMIUMS AND QUALIFIED MEDICAL EXPENSES PAID BY THE BENEFICIARY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian Brown Secretary | OfficerTrustee | 1 | $0 |
Michael Weiss Chairman | OfficerTrustee | 1 | $0 |
Matt Aragon Trustee | Trustee | 1 | $0 |
Nina Berbiglia Trustee | Trustee | 1 | $0 |
Darcy Jones Trustee | Trustee | 1 | $0 |
James Moore Trustee | Trustee | 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 | $3,495,382 |
| Investment income | $642,249 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $556,614 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,694,245 |
| 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 | $1,752,184 |
| 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 | $39,667 |
| Fees for services: Accounting | $25,609 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $56,054 |
| Fees for services: Other | $98,061 |
| Advertising and promotion | $0 |
| Office expenses | $3,994 |
| 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 | $12,783 |
| All other expenses | $970 |
| Total functional expenses | $1,989,322 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $731,932 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $142,176 |
| 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 | $35,143,280 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $36,017,388 |
| Accounts payable and accrued expenses | $7,432 |
| 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 | $7,432 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $36,009,956 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $36,017,388 |
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Apea-Aft Health And Welfare Trust Anchorage, AK | $11,659,228 | $6,109,149 |
City Of Coeur Dalene Employee Benefits Tr Coeur Dalene, ID | $3,216,593 | $5,696,325 |
Washington State Council Of Fire Fighters Employee Benefit Tr Mukilteo, WA | $204,384,851 | $25,956,972 |
Oea Choice Welfare Trust Tigard, OR | $81,134,339 | $4,340,549 |
Seattle Police Offers Guild Benefit Tr Seattle, WA | $11,969,970 | $2,336,811 |
Gig Harbor Firefighters Union Health & Welfare Tr Gig Harbor, WA | $8,971,672 | $3,802,450 |
City Of Santa Clara Voluntary Employees Beneficiary Assoc Postre Spokane, WA | $40,078,075 | $5,347,183 |
Irvine Police Association Benefit Trust Mukilteo, WA | $36,017,388 | $4,694,245 |
City Of Kirkland Veba Trust Kirkland, WA | $6,225,394 | $1,609,890 |
Oxnard Peace Officers Association Retiree Medical Trust Mukilteo, WA | $31,192,550 | $3,991,039 |