2024-02-24T12:55:46-08:00 2023-06-30 813566357 Sherbetjian Premium Tax Services Inc 2660 Townsgate Rd Ste 210 Westlake Village CA 91361 990 2022-07-01 237082277 Los Angeles Water and Power Employees Assoc - Mutual Death Benefit Plan LOSA 2133673357 111 Hope Street Los Angeles CA 90012 Reindert Kok CFO 2133673357 2024-02-02 true Reindert Kok XXX-XX-XXXX true Hasmig Sherbetjian P00050939 8052300085 2024-02-24 3 AAL1 IAL1 FAL1 2022 2023-04-26 12:10:37Z Reindert Kok 111 N Hope St Los Angeles CA 90012 632812 false X www.ladwpea.org X 1933 CA Voluntary employee pay-all death benefit plan for the active and retired employees of Los Angeles Department of Water and Power, their spouses, and their minor children. Assessment fees and interest earned are used to meet death claims and administrative costs. 4 4 0 4 0 0 353148 348859 0 469628 283953 0 0 822776 632812 0 278667 280333 113432 147575 0 0 4563 5267 396662 433175 426114 199637 6452999 7164629 514486 572357 5938513 6592272 Voluntary employee pay-all death benefit plan for the active and retired employees of Los Angeles Department of Water and Power, their spouses, and their minor children. Assessment fees and interest earned are used to meet death claims and administrative costs. false false 280333 Death claim payments to member beneficiaries. 280333 false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false true false false false 0 0 false 0 false false false false false false false false false false false false false false false false false X 4 4 false false false false false false false true true false false false true true true true false false false false CA X Los Angeles Water and Power employe 2133673357 111 N Hope St A-17 Los angeles CA 90012 X Daphne Crook Board President 5.00 X X 0 0 0 Marcos Ballesteros Board Vice President 1.00 X X 0 0 0 Reindert Kok CFO, Mutual Cmte Chairperson 3.00 X X 0 0 0 Ashley Rawls Board Secretary 1.00 X X 0 0 0 Ann Marie De La Riva Board, Executive Cmte Member 1.00 X X 0 0 0 Porsche Bell Director 1.00 X 0 0 0 Matthew Blehm Director, Mutual Plan Cmte Mbr 1.00 X 0 0 0 Eduardo Garfias Director 1.00 X 0 0 0 Jesus Gonzales Director 1.00 X 0 0 0 Samantha Lopez Ryan Director 1.00 X 0 0 0 Alexander Partida Director 1.00 X 0 0 0 Hagop Jack Petrosian Director, Mutual Plan Cmte Mbr 1.00 X 0 0 0 Willie Tam Director 1.00 X 0 0 0 Michael Taylor Board Director, Mutual Committee Member 1.00 X 0 0 0 Mohamed Yacout Director 1.00 X 0 0 0 false false false 348859 348859 283953 0 0 632812 283953 0 0 280333 280333 131891 0 131891 0 1831 0 1831 0 9005 0 9005 0 4848 0 4848 0 600 0 600 0 1902 0 1902 0 Actuary review fees 2000 0 2000 0 Supplies/printing 30 0 30 0 Misc expenses 735 0 735 0 433175 280333 152842 0 6418320 7151764 24952 5120 9727 7745 6452999 7164629 514486 572357 514486 572357 X 5938513 6592272 5938513 6592272 6452999 7164629 199637 454122 X false false false Pt VI, Line 11b The staff accountant prepares the 990 tax form then gives it to the principle officer for review and signature. It is available for review for other officers upon request. Pt VI, Line 12c At the first meeting of Employees Association the fiscal year, the second Wednesday of July, the Board of Directors meet specifically to review its operations and policies, including the conflict of interest policy. They also sign up to serve on the various committees, including the Mutual Benefit Plan committee. During the year, as the committees meet, if any potential conflict of issue arises, it is resolved at the committee level. If resolution is not immediately attained, the issue is then brought before the Employees Association Executive Committee. If necessary, this Executive Committee may also refer to the Employees Association Membership and Rules Committee to compare the issue with the written Employees Association Bylaws. Other The Los Angeles Water and Power Employees Association Mutual Death Benefit Plan (Mutual Plan) is a non-profit organization, tax-exempt under Internal Revenue Code Section 501(C)(9). It is administered through the Los Angeles Water and Power Employees Association (Association), a non-profit corporation, tax-exempt under Internal Revenue Code Section 501(C)(4). Other The Board of Directors of the Association are elected to the Board by the Association's members, who are the employees of the Los Angeles Department of Water and Power (LADWP). The Board members must be active, permanent LADWP employees with at least one year of employment. At the beginning of each fiscal year, the Association's Board members elect that year's officers and review policies, including the bylaws, operations, and its conflict-of-interest policy. The Board's officers serve as the Association's Executive Committee and are in charge of various duties, including personnel issues and annual audit review. All Board members then volunteer to serve on the various other committees, including the Mutual Plan Committee. In the 2022-2023 fiscal year, four Board members volunteered to serve on the Mutual Plan Committee. For this reason, the 990 Part 1, Items 3, 4, and 6 reported four voting members and four volunteers. Other Because the purpose of the Mutual Plan is distinct from the rest of the Association, it is tax exempt under a different exemption code [Mutual: 501(C)(9) vs. Association: 501(C)(4)], and had its own tax identification number (Mutual: 23-7082277 vs. Association: 95-0952235). The Mutual Plan has its own separate bank accounts, financial statements, and tax filings. Other The office space and equipment is shared, provided to the Association by the LADWP. The Association pays its own employees' wages reported to the IRS (W3, W2, 941, and 940) through the Association's tax identification number (95-0952235). No employee works exclusively for the Mutual Plan. Instead, employees work for the Association while performing some of their duties for the Mutual Plan. Because both the Association and the Mutual Plan utilize accrual accounting and the matching principle, wages and benefits costs are appropriately allocated to the Mutual Plan's operational expense, on their financial statements. Therefore the 990 Part IX Items 7-10 report wages and benefits expenses, but there are no employees reported under 990 Part V Item 2 and 990 Part I Item 5. The amount of wages and benefits allocated to the Mutual Plan are also reported on the 990 Schedule R, Part V, Item 2. Los Angeles Water and Power Emp Assoc 111 N Hope St A-17 Los Angeles CA 90012 950952235 Employees Association CA 501(c)(4) N/A NA false false false false false false false false false false false false false false true true false false false false Los Angeles Water and Power Employees Association o 147575 Accrual Accounting