Detectives Endowment Association Retirees Health Benefits Fund

“The president and vice president are elected by the members of the dea, and are automatically appointed as a trustee for the benefit fund. The president is appointed as the chairman of the board of trustees, who appoints three additional trustees from the dea.”

“The fund does not maintain formal documented meeting minutes on a regular basis. The fund administrator, both chairman and trustees meet informally on a regular basis regarding the operations of the fund.”

“THERE ARE NO COMMITTEES.”

“The organization recieves a electronic copy of the 990. The chairman and plan administrator review the 990 before it is filed with the irs.”

“The trustees, officers, and employees of the fund are subject to the conflict of interest policy. The trustees may require, authorize or approve any transactions otherwise prohibited by the policy, authorizing or approving such transaction or transactions, that the transaction or transactions promote or will promote the best interests of the fund and do not or will not adversely affect the interests of the covered employees. Trustees, officers, and employees of the fund will annually disclose to the fund interests that could give rise to prohibited conflicts of interest. Each trustee shall annually sign a statement affirming that he/she has received a copy, has read and understands the policy, and agrees to comply with the policy.”

“Trustees are not compensated.”

“The organization makes its form 990 and the financial statements available for public inspection as required under section 6104 of the internal revenue code. The conflict of interest policy is not made available to the public. Its form 990 posted on the irs website, guidestar.org, and other similiar types of websites. In addition, interested parties can also contact the chairman at 26 thomas street, new york, ny 10007, 212-587-9120.”

“Increase to obligation benefits 172,127.”

“During the year ended december 31, 2019, plan management determined that the amount due to the w&c fund at december 31, 2018 of $21,107 for line-of-duty benefits received was made in error. Plan management determined that the w&c fund owed the plan $11,602 as of december 31, 2018. Therefore, beginning net assets available for benefits at january 1, 2019 have been increased by $32,709.”

“Claim payments are recorded when paid and estimated by management based upon a three month claim average for all self-insured benefits. Therefore, benefit obligations payable at during the year ended december 31, 2019 are estimated to decrease by $172,127.”