Employment Partners Benefits Fund
- Assets
- $85.2m
- Revenue
- $60.7m
- Investments
- $65.9m
- Employees
- 6
- Location
- Bridgeville, PA
- Founding
- 10/1961
- Data as of
- 12/2023
- 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 12/2023, 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 12/2023, Employment Partners Benefits Fund generated $60.7m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 1.6% each year. All expenses for the organization totaled $69.2m during the year ending 12/2023. While expenses have increased by 3.5% per year over the past 9 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
2023
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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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
M E Doutt 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 |
Doug J Longenette Jr Trustee | Trustee | 4 | $0 |
Raymond J Miller Trustee | Trustee | 4 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Buck Global Llc Acturial | 12/30/21 | $227,450 |
Dentons Cohen & Grigsby Legal Services | 12/30/21 | $454,495 |
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 | $58,006,493 |
| Investment income | $1,187,250 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,275,115 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $60,656,702 |
| 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 | $67,601,691 |
| Compensation of current officers, directors, key employees. | $136,078 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $260,018 |
| Pension plan accruals and contributions | $78,314 |
| Other employee benefits | $96,606 |
| Payroll taxes | $38,693 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $36,879 |
| Fees for services: Accounting | $101,847 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $205,182 |
| Fees for services: Other | $248,043 |
| Advertising and promotion | $0 |
| Office expenses | $176,798 |
| Information technology | $26,400 |
| Royalties | $0 |
| Occupancy | $69,730 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,408 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $13,168 |
| Insurance | $83,217 |
| All other expenses | $0 |
| Total functional expenses | $69,233,742 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $433,398 |
| Savings and temporary cash investments | $3,461,629 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $15,117,066 |
| 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 | $118,647 |
| Net Land, buildings, and equipment | $35,278 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $65,869,193 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $178,924 |
| Total assets | $85,214,135 |
| Accounts payable and accrued expenses | $1,356,356 |
| 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 | $4,244,823 |
| Total liabilities | $5,601,179 |
| 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 | $79,612,956 |
| Total liabilities and net assets/fund balances | $85,214,135 |