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Nonprofiteer
← WORLDWIDE ASSURANCE FOR EMPLOYEES OF PUBLIC AGENCIES INC

Form 990 for tax year 2025

Filed by WORLDWIDE ASSURANCE FOR EMPLOYEES OF PUBLIC AGENCIES INC.

Totals

Total revenue
$55,378,016
Total expenses
$59,739,850
Contributions and grants received
$0
Grants paid
$310,000
Program service revenue
$47,739,644
Investment income
$7,589,385
Other revenue
$48,987
Total assets, end of year
$132,746,127
Total liabilities, end of year
$4,559,140
Net assets or fund balances, end of year
$128,186,987
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: EARNED PREMIUMS

    total $47,739,644 · related or exempt $47,739,644

  • 3 · Investment income

    total $3,471,364 · excluded $3,471,364

  • 7a · Gross sales of assets other than inventory

    securities $17,659,780

  • 7b · Less cost or other basis and sales expenses

    securities $13,541,759

  • 7c · Gain or loss

    securities $4,118,021

  • 7d · Net gain or loss

    total $4,118,021 · excluded $4,118,021

  • 11d · All other revenue

    total $48,987 · excluded $48,987

  • 11e · Other revenue, total

    $48,987

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $100,000

  • 2 · Grants to domestic individuals

    total $210,000

  • 4 · Benefits paid to or for members

    total $29,499,234

  • 5 · Compensation of officers, directors and key employees

    total $1,771,742

  • 7 · Other salaries and wages

    total $4,043,176

  • 8 · Pension plan contributions

    total $436,606

  • 9 · Other employee benefits

    total $1,043,303

  • 10 · Payroll taxes

    total $366,940

  • 11b · Fees: legal

    total $266,789

  • 11c · Fees: accounting

    total $88,564

  • 11f · Fees: investment management

    total $119,002

  • 11g · Fees: other

    total $1,390,069

  • 12 · Advertising and promotion

    total $6,622,992

  • 13 · Office expenses

    total $697,736

  • 14 · Information technology

    total $2,186,448

  • 16 · Occupancy

    total $202,006

  • 19 · Conferences, conventions and meetings

    total $549,412

  • 22 · Depreciation, depletion and amortization

    total $888,389

  • 23 · Insurance

    total $110,990

  • 24a · Other expenses: MEMBER REFUNDS AND FORG

    total $8,341,492

  • 24b · Other expenses: MEMBER PROGRAMS

    total $408,179

  • 24c · Other expenses: TAXES & LICENSES

    total $122,524

  • 24d · Other expenses: SPONSORSHIPS

    total $87,000

  • 24e · All other expenses

    total $187,257

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,778,200 · end of year $3,428,937

  • 2 · Savings and temporary cash investments

    beginning of year $183,381 · end of year $148,425

  • 4 · Accounts receivable

    beginning of year $6,979,141 · end of year $8,571,830

  • 9 · Prepaid expenses and deferred charges

    beginning of year $343,603 · end of year $450,539

  • 10a · Land, buildings and equipment: cost or other basis

    $14,749,638

  • 10b · Land, buildings and equipment: accumulated depreciation

    $6,333,062

  • 10c · Land, buildings and equipment, net

    beginning of year $8,923,091 · end of year $8,416,576

  • 11 · Investments: publicly traded securities

    beginning of year $85,374,194 · end of year $87,052,263

  • 12 · Investments: other securities

    beginning of year $22,082,287 · end of year $22,943,349

  • 15 · Other assets

    beginning of year $1,722,708 · end of year $1,734,208

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,378,086 · end of year $4,543,312

  • 25 · Other liabilities

    beginning of year $3,885 · end of year $15,828

  • 27 · Net assets without donor restrictions

    beginning of year $125,004,634 · end of year $128,186,987

Mission and programs · 2025

Mission

WAEPA IS A NON-PROFIT ASSOCIATION FORMED TO PROMOTE THE HEALTH, WELFARE AND FINANCIAL WELL-BEING OF ITS MEMBERS. WAEPA OFFERS A VARIETY OF SERVICES AND PROGRAMS TO ITS MEMBERS INCLUDING: TERM LIFE INSURANCE AND SHORT-TERM DISABILITY INSURANCE UNDER GROUP POLICIES ISSUED TO WAEPA; SEMINARS ON FINANCIAL AND RETIREMENT PLANNING; WRITTEN GUIDES ON FEDERAL EMPLOYMENT RELATED ISSUES; WRITTEN GUIDES ON PARTICIPATION IN THE FEDERAL EMPLOYEE HEALTH PROGRAM OFFERED THROUGH THE FEDERAL GOVERNMENT; WRITTEN GUIDES ON QUALIFICATIONS FOR FEDERAL STUDENT AID; AND A COLLEGE SCHOLARSHIP PROGRAM FOR MEMBERS' CHILDREN.

Activities or mission (Part I)

WAEPA IS A NON-PROFIT ASSOCIATION FORMED TO PROMOTE THE HEALTH, WELFAREAND FINANCIAL WELL-BEING OF ITS MEMBERS.

  • PROVIDE TERM LIFE INSURANCE AND SHORT-TERM DISABILITY INSURANCE UNDER GROUP POLICIES ISSUED TO WAEPA.

  • PROVIDE SEMINARS ON FINANCIAL AND RETIREMENT PLANNING AND WRITTENGUIDES ON FEDERAL EMPLOYMENT RELATED ISSUES, ON PARTICIPATION IN THEFEDERAL EMPLOYEE HEALTH PROGRAM OFFERED THROUGH THE FEDERAL GOVERNMENT,AND ON QUALIFICATIONS FOR FEDERAL STUDENT AID.

  • PROVIDE A COLLEGE SCHOLARSHIP PROGRAM FOR CHILDREN OF WAEPA'S MEMBERS.WAEPA AWARDED SCHOLARSHIPS TOTALING $210,000 FOR THE YEAR ENDED DECEMBER 31, 2025.

As filed on the 2025 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Kevin Cooke Jr

    PRESIDENT EFF. AUGUST 25/VP THROUGH JULY 25

    Total calculated
    $0
    Hours/week
    5

  • Jean Moody-Williams

    VICE PRESIDENT EFF. AUGUST 25/DIR THROUGH JULY 25

    Total calculated
    $0
    Hours/week
    2

  • Gregg Treml

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • James Brent Jr

    SECRETARY EFF. MAY 25

    Total calculated
    $0
    Hours/week
    2

  • Tia Butler

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Eric Hill

    DIRECTOR THROUGH JULY 25

    Total calculated
    $0
    Hours/week
    2

  • James McDonald

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Emily Su

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Paul Pollock

    PRESIDENT THROUGH JULY 25/DIR EFF. JULY 25

    Total calculated
    $0
    Hours/week
    5

  • Joel Lovelace

    SECRETARY THROUGH MARCH 25

    Total calculated
    $0
    Hours/week
    2

  • Paul Huang

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Winona Lake

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Jamie French

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Theresa Thomas

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • M Shane Canfield

    CEO

    Total calculated
    $595,158
    From this org
    $468,216
    From related orgs
    $0
    Other
    $126,942
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $351,487
    Bonus
    $97,404
    Other
    $19,325
    Deferred
    $68,035
    Nontaxable benefits
    $58,907
    Filer's total
    $595,158

  • Laura Lee

    CFO

    Total calculated
    $433,173
    From this org
    $326,359
    From related orgs
    $0
    Other
    $106,814
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $277,808
    Bonus
    $33,918
    Other
    $14,633
    Deferred
    $47,539
    Nontaxable benefits
    $59,275
    Filer's total
    $433,173

  • David West

    CIO

    Total calculated
    $373,203
    From this org
    $303,405
    From related orgs
    $0
    Other
    $69,798
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $262,873
    Bonus
    $27,434
    Other
    $13,098
    Deferred
    $45,300
    Nontaxable benefits
    $24,498
    Filer's total
    $373,203

  • Stacy Outlaw

    CMO

    Total calculated
    $370,208
    From this org
    $277,232
    From related orgs
    $0
    Other
    $92,976
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $236,406
    Bonus
    $27,940
    Other
    $12,886
    Deferred
    $41,361
    Nontaxable benefits
    $51,615
    Filer's total
    $370,208

  • Anthony Zerante

    CSO

    Total calculated
    $330,318
    From this org
    $274,211
    From related orgs
    $0
    Other
    $56,107
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $225,030
    Bonus
    $29,304
    Other
    $19,877
    Deferred
    $41,316
    Nontaxable benefits
    $14,791
    Filer's total
    $330,318

  • Stephanie Baker

    CXO

    Total calculated
    $331,202
    From this org
    $250,519
    From related orgs
    $0
    Other
    $80,683
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $214,953
    Bonus
    $22,342
    Other
    $13,224
    Deferred
    $37,282
    Nontaxable benefits
    $43,401
    Filer's total
    $331,202

  • Andrine Walker

    CONTROLLER

    Total calculated
    $246,170
    From this org
    $177,463
    From related orgs
    $0
    Other
    $68,707
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $159,736
    Bonus
    $17,127
    Other
    $600
    Deferred
    $26,544
    Nontaxable benefits
    $42,163
    Filer's total
    $246,170

  • Naqeeb Ullah

    DIRECTOR IT

    Total calculated
    $208,190
    From this org
    $170,454
    From related orgs
    $0
    Other
    $37,736
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $157,382
    Bonus
    $13,072
    Other
    $0
    Deferred
    $25,524
    Nontaxable benefits
    $12,212
    Filer's total
    $208,190

  • Michele Smith

    MARKETING DIRECTOR

    Total calculated
    $236,133
    From this org
    $170,172
    From related orgs
    $0
    Other
    $65,961
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $153,636
    Bonus
    $15,936
    Other
    $600
    Deferred
    $25,454
    Nontaxable benefits
    $40,507
    Filer's total
    $236,133

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · Travel for companions
  • 1a · Tax indemnification and gross-up payments
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

The filer's explanations (Part III)

PART I, LINE 3
THE ITEMS ABOVE WERE MADE AVAILABLE TO THE EXECUTIVE COMMITTEE TO DETERMINE THE ANNUAL COMPENSATION FOR MONTGOMERY SHANE CANFIELD. THE BOARD THEN APPROVES.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Provenance

Return type
form_990
Tax year
2025
Filed
11 May 2026
IRS schema version
2025v4.1
Source object
202601319349303880

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