Public Employee Retirees Inc
- Assets
- $2.3m
- Revenue
- $499.6k
- Investments
- $0.0
- Employees
- 7
- Location
- Westerville, OH
- Founding
- 11/1976
- Data as of
- 12/2023
- EIN
- 31-0814197
Organization Overview
Public Employee Retirees Inc is located in Westerville, OH. The organization was established in 1976. According to its NTEE Classification (P81) the organization is classified as: Senior Centers, under the broad grouping of Human Services and related organizations. As of 12/2023, Public Employee Retirees Inc employed 7 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Public Employee Retirees Inc is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2023, Public Employee Retirees Inc generated $499.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (7.8%) each year. All expenses for the organization totaled $508.0k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (5.9%) per year over the past 8 years. 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 PROTECT AND PRESERVE OPERS PENSION AND BENEFITS PROGRAMS AND ADVOCATE FOR CHANGES THAT ARE IN THE BEST INTEREST OF PERI MEMBERS, WHILE PROVIDING VALUE THROUGH COMMUNICATIONS AND EDUCATION OF THE MEMBERSHIP THROUGH OUR DISTRICTS, LOCAL CHAPTERS, AND EXTERNAL PARTNERSHIPS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION HAS 92 CHAPTERS IN 88 COUNTIES IN OHIO.MEMBERS MEET FOR LEGISLATIVE ISSUES EDUCATION AND UPDATES. THE CHAPTERS ARE ORGANIZED IN 11 DISTRICTS WITH COUNTIES PER DISTRICT. EACH DISTRICT ELECTS ITS OWN REPRESENTATIVE TO SIT ON THE PERI STATE BOARD OF TRUSTEES. SPECIAL MAILINGS ARE SENT WHEN IMMEDIATE ACTION NEEDS TO BE TAKEN ON LEGISLATIVE ISSUES.
WE PUBLISH A QUARTERLY NEWSLETTER WHICH IS MAILED TO OUR 55,449 MEMBERS.DUES NOTICES, APPLICATIONS, MEMBERSHIP CARDS, AND PACKETS ARE ALSO MAILED TO OUR MEMBERS.
WE HAVE A CONTRACT LEGISLATIVE AFFAIRS DIRECTOR WHO RESEARCHES PENDING LEGISLATION AND TESTIFIES BEFORE THE GENERAL ASSEMBLY COMMITTEES ON OUR BEHALF. WE HAVE A TOLL-FREE LINE TO ANSWER LEGISLATIVE QUESTIONS. WE FUNCTION AS AN OMBUDSMAN FOR OUR MEMBERS PERTAINING TO THEIR RETIREMENT BENEFITS. WE HOLD AN ANNUAL MEETING FOR OUR LOCAL CHAPTERS TO EDUCATE THEM ON LEGISLATIVE ISSUES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lezlie Garcia Executive Director | 40 | $74,000 | |
Richard Ross Board Chair | Officer | 10 | $16,816 |
Doug Smith District 3 Representative | Trustee | 10 | $1,200 |
Rick Lawerence 2nd Vice Chair | Officer | 10 | $1,125 |
Connie Dailey 3rd Vice Chair | Officer | 10 | $1,075 |
Bonnie Mitchell District 6 Representative | Trustee | 10 | $975 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $437,167 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $16,803 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $453,970 |
| Total Program Service Revenue | $0 |
| Investment income | $66,888 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$21,269 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $499,589 |
| 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 | $0 |
| Compensation of current officers, directors, key employees. | $21,191 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $140,417 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $12,933 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,365 |
| Fees for services: Lobbying | $30,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,387 |
| Office expenses | $4,353 |
| Information technology | $44,289 |
| Royalties | $0 |
| Occupancy | $34,603 |
| Travel | $49,118 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,307 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $7,282 |
| All other expenses | $0 |
| Total functional expenses | $507,960 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $154,505 |
| Savings and temporary cash investments | $2,019,899 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $735 |
| 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 | $355 |
| Net Land, buildings, and equipment | $130,609 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,306,103 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $2,306,103 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $2,306,103 |