Los Angeles Water And Power Employees Association Inc
- Assets
- $3.4m
- Revenue
- $887.5k
- Investments
- $0.0
- Employees
- 8
- Location
- Los Angeles, CA
- Founding
- 02/1960
- Data as of
- 06/2023
- EIN
- 95-0952235
Organization Overview
Los Angeles Water And Power Employees Association Inc is located in Los Angeles, CA. The organization was established in 1960. According to its NTEE Classification (J40) the organization is classified as: Labor Unions, under the broad grouping of Employment and related organizations. As of 06/2023, Los Angeles Water And Power Employees Association Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Los Angeles Water And Power Employees Association Inc is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 06/2023, Los Angeles Water And Power Employees Association Inc generated $887.5k in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (0.8%) each year. All expenses for the organization totaled $765.8k during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (1.8%) per year over the past 4 years. 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
TO PROVIDE BENEFITS AND SERVICES TO ACTIVE AND RETIRED EMPLOYEES OF THE LOS ANGELES DEPARTMENT OF WATER AND POWER AND THEIR FAMILY MEMBERS. TO ACT AS THEIR MEANS OF GIVING TO VARIOUS CHARITABLE ORGANIZATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DONATIONS TO CHARITIES THAT AID BLIND, BURNED, SICK, AND DISABLED PERSONS, VARIOUS DRUG, HOMELESS, ABUSED AND TROUBLED YOUTH, AND ADULT REHABILITATION PROGRAMS. PURCHASE GIFT CARDS (INSTEAD OF DOLLS AND TOYS BECAUSE OF COVID RESTRICTIONS) TO VARIOUS CHILDREN'S ORGANIZATIONS DURING THE HOLIDAY SEASON.
PURCHASE OR RENT MEDICAL EQUIPMENT FOR USE BY ACTIVE AND RETIRED EMPLOYEES AND THEIR IMMEDIATE FAMILY MEMBERS. PROVIDE FINANCIAL ASSISTANCE TO ACTIVE AND RETIRED EMPLOYEES AND THEIR SPOUSES WHO REQUIRE HOSPITAL OR IN-HOME NURSING CARE WHEN THEIR INSURANCE IS LACKING. PROVIDE FINANCIAL ASSISTANCE LOANS TO ACTIVE AND RETIRED EMPLOYEES IN THEIR TIMES OF NEED TO COVER MEDICAL, DENTAL, FUNERAL, AND UNATICIPATED EMERGENCIES, SOME OF WHICH WERE FORGIVEN. PROVIDE FINANCIAL ASSISTANCE FOR LODGING, TRANSPORTATION AND MEALS TO IMMEDIATE FAMILY MEMBERS OF EMPLOYEES INJURED WHILE WORKING AND WHO REQUIRE OVERNIGHT HOSPITAL STAY.
FINANCIAL SUPPORT TO ACTIVE AND RETIRED EMPLOYEE GROUPS FOR EDUCATIONAL AND RECREATIONAL PURPOSES. IN 2020-2021 THIS EXPENSE IS SIGNIFICANTLY LESS THAN PREVIOUS YEARS SINCE COVID RESTRICTIONS CANCELED MANY OF THESE EVENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daphne Crook Board President | OfficerTrustee | 5 | $0 |
Marcos Ballesteros Board Vice President | OfficerTrustee | 1 | $0 |
Reindert Kok Cfo, Mutual Cmte Chairperson | OfficerTrustee | 3 | $0 |
Ashley Rawls Board Secretary | OfficerTrustee | 1 | $0 |
Ann Marie DE La Riva Board Exec Cmte Member | OfficerTrustee | 1 | $0 |
Porsche Bell Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $747,944 |
| 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 | $747,944 |
| Total Program Service Revenue | $0 |
| Investment income | $105,902 |
| 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 | $27,821 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $887,453 |
| 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 | $398,045 |
| 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 | $237,479 |
| Pension plan accruals and contributions | $7,931 |
| Other employee benefits | $57,169 |
| Payroll taxes | $24,477 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $21,994 |
| Office expenses | $2,566 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $3,093 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,501 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $334 |
| Insurance | $6,507 |
| All other expenses | $0 |
| Total functional expenses | $765,810 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,610,141 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $646,336 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $162,179 |
| Prepaid expenses and deferred charges | $6,380 |
| Net Land, buildings, and equipment | $1,110 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,426,146 |
| Accounts payable and accrued expenses | $94,502 |
| 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 | $94,502 |
| Net assets without donor restrictions | $3,252,542 |
| Net assets with donor restrictions | $79,102 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $3,426,146 |