Nonprofit · EIN 91-2171891
LOKAHI ASSURANCE LTD
Tax-exempt · OAKLAND, CA 94612
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $967,547,788 | $752,496,563 | $215,051,225 | $3,624,344,138 | $2,923,398,508 | $700,945,630 |
| December 31, 2023 | 990 | $758,217,964 | $628,387,318 | $129,830,646 | $3,354,081,963 | $2,740,865,202 | $613,216,761 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $596,477,823
- Investment income
- $371,069,965
- Net gain from sales of assets
- $162,630,819
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $16,000
- Salaries, compensation and benefits (total)
- $16,000
- Professional fundraising fees
- $0
- Legal fees
- $146,248
- Accounting fees
- $209,311
- Program services (functional)
- $714,880,390
- Management and general (functional)
- $37,616,173
Balance sheet and other
- Total assets, start of year
- $3,354,081,963
- Total assets, end of year
- $3,624,344,138
- Total liabilities, end of year
- $2,923,398,508
- Net assets, end of year
- $700,945,630
- Publicly traded securities
- $1,109,386,214
- Gross receipts
- $1,794,552,699
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2002
- State of legal domicile
- HI
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Vanessa Benavides | EVP,Chief Legal Officer & Secy Officer | 1 | $0 | $2,137,057 | $486,134 |
| Thomas Meier | SVP, Corporate Treasurer Trustee or director, Officer | 2 | $0 | $1,502,528 | $138,446 |
| Mark Zemelman | SVP, General Counsel & Secy Former | 0 | $0 | $257,774 | $799,702 |
| Martin King | VP, Corporate Risk Management Trustee or director, Officer | 5 | $0 | $503,036 | $204,001 |
| Christina Lockwood | Assistant Secretary Officer | 1 | $0 | $562,627 | $135,339 |
| Sylvia Bhatia | Sr Dir, Treasury Trustee or director | 2 | $0 | $316,836 | $76,988 |
| Hong-Sze Yu | VP, Brd & Corp Gov & Asst Secy Officer | 0.1 | $0 | $307,089 | $8,143 |
| Michael B Evans | Director Trustee or director | 0 | $12,000 | $0 | $0 |
| Gerald C Yoshida | Assistant Secretary Trustee or director, Officer | 0 | $4,000 | $0 | $0 |
990 for the year ended December 31, 2023: 8 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Mark Zemelman | SVP, General Counsel & Secy Former | 0 | $0 | $1,833,838 | $660,356 |
| Vanessa Benavides | SVP,Chief Legal Officer & Secy Officer | 1 | $0 | $1,792,455 | $308,115 |
| Thomas Meier | Vice President & Treasurer Trustee or director, Officer | 2 | $0 | $1,721,108 | $121,348 |
| Hong-Sze Yu | VP, Brd & Corp Gov & Asst Secy Officer | 0.1 | $0 | $508,592 | $167,556 |
| Martin King | Director & President Trustee or director, Officer | 5 | $0 | $438,564 | $200,599 |
| Sylvia Bhatia | Director Trustee or director | 1 | $0 | $290,950 | $83,770 |
| Michael B Evans | Director Trustee or director | 0 | $13,000 | $0 | $0 |
| Gerald C Yoshida | Director & Assistant Secretary Trustee or director, Officer | 0 | $4,000 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- C/O KP TAX ONE KAISER PLZ FL 26, OAKLAND, CA 94612-0000
- In care of
- % CHIEF TAX OFFICER
- Principal officer (990 for 2024)
- Martin T King, C/O KP Tax One Kaiser Plz FL, OAKLAND, CA 94612
- Signed the 990
- MICHAEL P WALTON, CHIEF TAX OFFICER
- Phone
- (510) 271-6611
- Return prepared by
- PwC US Tax LLP
California records
California keeps its own records of charities and corporations. Search them by EIN 91-2171891 or by the name LOKAHI ASSURANCE LTD.
- Attorney General, Registry of Charities and Fundraisers
- Registration status and filed reports (CT-TR-1, RRF-1)
- Secretary of State, bizfile Online
- Corporation status, entity number, agent for service
- Franchise Tax Board
- Entity status letter (state tax exemption, good standing)
Mission
A SUPPORTING ORGANIZATION TO KAISER FOUNDATION HEALTH PLAN INC AND SUBSIDIARIES CREATED TO PROVIDE A MEANS OF FINANCING PROFESSIONAL AND GENERAL LIABILITY, MANAGED CARE LIABILITY AND PANDEMIC, TERRORISM, CYBER SECURITY, AND EARTHQUAKE EXPOSURES.
Program accomplishments
- A supporting organization to Kaiser Foundation Health Plan Inc and subsidiaries created to provide a means of financing professional and general liability, workers' compensation liability, managed care liability and pandemic, terrorism, cyber security, and earthquake exposures.Expenses $714,880,390 · revenue $596,477,823
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 91-2171891
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization (509(a)(3))
- Donations deductible (Pub 78)
- Supporting organization of unknown type
- Exempt since
- 2003
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Mutual and membership benefit (Y200)
- Assets (IRS master file)
- $3,624,344,138
- Income (IRS master file)
- $1,794,552,699
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $967,547,788 | $752,496,563 | $3,624,344,138 | XML |
| 990 | December 2023 | $758,217,964 | $628,387,318 | $3,354,081,963 | XML |
| 990 | December 2022 | $523,344,731 | $664,390,364 | $2,969,153,307 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 91-2171891).
Questions about LOKAHI ASSURANCE LTD
- What is the EIN of LOKAHI ASSURANCE LTD?
- The employer identification number (EIN) of LOKAHI ASSURANCE LTD is 91-2171891.
- Is LOKAHI ASSURANCE LTD tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2003.
- Are donations to LOKAHI ASSURANCE LTD tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
- Which annual return does LOKAHI ASSURANCE LTD file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of LOKAHI ASSURANCE LTD due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did LOKAHI ASSURANCE LTD last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of LOKAHI ASSURANCE LTD?
- The 990 for the year ended December 31, 2024 names Martin T King.
- Who are the officers and directors of LOKAHI ASSURANCE LTD?
- The 990 for the year ended December 31, 2024 lists 9 people; 2 received compensation from the organization.
- How much revenue does LOKAHI ASSURANCE LTD have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $967,547,788, expenses of $752,496,563 and total assets of $3,624,344,138 at year end.
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