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← HOUSTON POLICE OFFICERS ASSOCIATION BENEFIT TRUST

Form 990 for tax year 2023

Filed by HOUSTON POLICE OFFICERS ASSOCIATION BENEFIT TRUST.

Totals

Total revenue
$9,316,294
Total expenses
$8,151,804
Contributions and grants received
$0
Grants paid
$23,505
Program service revenue
$8,842,894
Investment income
$455,363
Other revenue
$18,037
Total assets, end of year
$23,830,940
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$23,830,940
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: Participant premiums

    total $8,842,894 · related or exempt $8,842,894

  • 3 · Investment income

    total $455,363 · excluded $455,363

  • 6a · Gross rents

    real property $30,250

  • 6b · Less rental expenses

    real property $12,213

  • 6c · Rental income or loss

    real property $18,037

  • 6d · Net rental income or loss

    total $18,037 · excluded $18,037

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $23,505

  • 4 · Benefits paid to or for members

    total $6,532,177

  • 5 · Compensation of officers, directors and key employees

    total $141,882

  • 7 · Other salaries and wages

    total $247,361

  • 8 · Pension plan contributions

    total $72,103

  • 9 · Other employee benefits

    total $76,760

  • 10 · Payroll taxes

    total $29,436

  • 11b · Fees: legal

    total $9,380

  • 11c · Fees: accounting

    total $10,010

  • 11g · Fees: other

    total $192,577

  • 12 · Advertising and promotion

    total $2,429

  • 13 · Office expenses

    total $28,683

  • 14 · Information technology

    total $62,187

  • 16 · Occupancy

    total $137,464

  • 17 · Travel

    total $5,653

  • 19 · Conferences, conventions and meetings

    total $11,565

  • 22 · Depreciation, depletion and amortization

    total $75,959

  • 23 · Insurance

    total $20,583

  • 24a · Other expenses: Building maintenance

    total $348,331

  • 24b · Other expenses: Property tax

    total $78,972

  • 24c · Other expenses: Equipment rentals

    total $22,969

  • 24d · Other expenses: Membership appreciation

    total $21,818

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $8,290,329 · end of year $229,075

  • 2 · Savings and temporary cash investments

    beginning of year $1,296,515 · end of year $9,897,295

  • 7 · Other notes and loans receivable

    beginning of year $950,280 · end of year $782,652

  • 9 · Prepaid expenses and deferred charges

    beginning of year $89,245

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

    $5,187,041

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

    $1,139,346

  • 10c · Land, buildings and equipment, net

    beginning of year $4,241,206 · end of year $4,047,695

  • 11 · Investments: publicly traded securities

    beginning of year $8,475,811 · end of year $8,874,223

  • 17 · Accounts payable and accrued expenses

    beginning of year $220,315

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $23,123,071 · end of year $23,830,940

Mission and programs · 2023

Mission

The Houston Police Officers Association Benefit Trust's (HPBT) mission is to provide welfare benefits to its members by providing payments for medical, dental, vision, accident and disability benefits.

Activities or mission (Part I)

To provide medical and dental benefits to members.

  • HPBT pays members' various insurance premiums and pays disability and medical claims.

As filed on the 2023 return.

Listed in Part VII

  • William Booth

    Trustee

    Total calculated
    $0
    Hours/week
    0.5

  • Joseph Dunn

    Trustee

    Total calculated
    $0
    Hours/week
    0.5

  • Douglas Griffith

    Trustee

    Total calculated
    $0
    Hours/week
    0.5

  • Thomas Hayes

    Trustee

    Total calculated
    $0
    Hours/week
    0.5

  • Terry Seagler

    Trustee

    Total calculated
    $0
    Hours/week
    0.5

  • Michael Mitchell

    Executive Director

    Total calculated
    $141,882
    From this org
    $137,946
    From related orgs
    $0
    Other
    $3,936
    Hours/week
    40

  • James Tippy

    Chairman

    Total calculated
    $0
    Hours/week
    20

  • Veronica McDonough

    Plan Administrator

    Total calculated
    $166,225
    From this org
    $152,165
    From related orgs
    $0
    Other
    $14,060
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $152,165
    Bonus
    $0
    Other
    $0
    Deferred
    $7,977
    Nontaxable benefits
    $6,083
    Filer's total
    $166,225

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

  • 3 · Compensation committee

Answered no

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

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

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • TXPT Holdings LLC

    Holds real estate · TX · income $47,213 · assets $4,491,043

    Directly controlled by Houston Police Officers Association Benefit Trust

  • 1708 State Street LLC

    Real estate · TX

    Directly controlled by TXPT Holdings LLC

  • 1710 State Street LLC

    Real estate · TX

    Directly controlled by TXPT Holdings LLC

  • 0 Lubbock LLC

    Real estate · TX

    Directly controlled by TXPT Holdings LLC

  • 713 Colorado LLC

    Real estate · TX

    Directly controlled by TXPT Holdings LLC

  • 1616 Lubbock LLC

    Real estate · TX

    Directly controlled by TXPT Holdings LLC

  • 1704 Lubbock LLC

    Real estate · TX

    Directly controlled by TXPT Holdings LLC

  • 1714 State Street LLC

    Real estate · TX

    Directly controlled by TXPT Holdings LLC

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

Provenance

Return type
form_990
Tax year
2023
Filed
15 November 2024
IRS schema version
2023v5.1
Source object
202423209349312662

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