Employment Partners Benefits Fund
- Assets
- $104.5m
- Revenue
- $64.2m
- Investments
- $90.5m
- Employees
- 6
- Location
- Bridgeville, PA
- Founding
- 10/1961
- Data as of
- 12/2021
- EIN
- 25-1000614
Organization Overview
Employment Partners Benefits Fund is located in Bridgeville, PA. The organization was established in 1961. According to its NTEE Classification (Y43) the organization is classified as: Voluntary Employees Beneficiary Associations (Non-Government), under the broad grouping of Mutual & Membership Benefit and related organizations. As of 12/2021, Employment Partners Benefits Fund employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Employment Partners Benefits Fund is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.
For the year ending 12/2021, Employment Partners Benefits Fund generated $64.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $58.3m during the year ending 12/2021. While expenses have increased by 2.0% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE FOR THE PAYMENT OF HEALTH WELFARE BENEFITS TO ELIGIBLE MEMBERS OF THE PARTICIPATING COMPANIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William L Parry Jr Fund Director | 40 | $129,377 | |
M E Doutt Trustee | Trustee | 4 | $0 |
Kevin M Schmitt Trustee | Trustee | 4 | $0 |
Charles M Gaston Trustee | Trustee | 4 | $0 |
Keith J Frank Trustee | Trustee | 4 | $0 |
Scott J Stanley Trustee | Trustee | 4 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Dentons Cohen & Grigsby Legal Services | 12/30/21 | $454,495 |
Buck Global Llc Acturial | 12/30/21 | $227,450 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $56,398,790 |
| Investment income | $4,185,831 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,882,591 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $64,180,754 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $56,404,629 |
| Compensation of current officers, directors, key employees. | $129,377 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $241,411 |
| Pension plan accruals and contributions | $74,131 |
| Other employee benefits | $94,064 |
| Payroll taxes | $35,397 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $85,096 |
| Fees for services: Accounting | $89,375 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $323,986 |
| Fees for services: Other | $227,801 |
| Advertising and promotion | $0 |
| Office expenses | $139,404 |
| Information technology | $24,438 |
| Royalties | $0 |
| Occupancy | $63,290 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $11,542 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $10,926 |
| Insurance | $64,060 |
| All other expenses | $0 |
| Total functional expenses | $58,268,283 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $481,494 |
| Savings and temporary cash investments | $12,399,165 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $974,930 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $82,699 |
| Net Land, buildings, and equipment | $26,379 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $90,500,525 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $104,465,192 |
| Accounts payable and accrued expenses | $681,750 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $5,497,491 |
| Total liabilities | $6,179,241 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $98,285,951 |
| Total liabilities and net assets/fund balances | $104,465,192 |