Council On Employee Benefits
- Assets
- $916.9k
- Revenue
- $578.3k
- Investments
- $0.0
- Employees
- 2
- Location
- Lenox, MA
- Founding
- 06/1957
- Data as of
- 12/2021
- EIN
- 34-6527800
Organization Overview
Council On Employee Benefits is located in Lenox, MA. The organization was established in 1957. According to its NTEE Classification (Y20) the organization is classified as: Insurance Providers, under the broad grouping of Mutual & Membership Benefit and related organizations. As of 12/2021, Council On Employee Benefits employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Council On Employee Benefits is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2021, Council On Employee Benefits generated $578.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.9%) each year. All expenses for the organization totaled $478.4k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (8.5%) per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
CEB STIMULATES THE DEVELOPMENT AND IMPROVES THE ADMINISTRATION OF SOUND, PROGRESSIVE EMPLOYEE BENEFIT PLANS AMONG ITS MEMBERS. CEB ALSO PROVIDES AN EXCELLENT MEDIUM FOR THE EXCHANGE OF IDEAS, THOUGHT, AND INFORMATION ON THE DESIGN, OPERATION, AND FINANCING OF SUCH PLANS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEMBERSHIP: CEB REPRESENTS A CROSS-SECTION OF COMPANIES FROM A STANDPOINT OF BOTH INDUSTRY AND GEOGRAPHICAL COVERAGE. THE MEMBER CORPORATIONS REPRESENT OVER FIFTEEN MILLION DOMESTIC AND INTERNATIONAL EMPLOYEES. MEMBERS RECEIVE OPPORTUNITIES FOR PROFESSIONAL DEVELOPMENT, DATA FROM MEMBER DRIVEN SURVEYS, AND PEER TO PEER NETWORKING.
CONFERENCES AND MEETINGS: ANNUAL MEMBER CONFERENCE AND REGIONAL MEETINGS ARE LED BY EXPERTS IN THE BENEFITS FIELD AS WELL AS SENIOR EXECUTIVES FROM CEB'S MEMBER ORGANIZATIONS. MEMBERS ARE PROVIDED NETWORKING OPPORTUNITIES AND PROFESSIONAL DEVELOPMENT ON CURRENT ISSUES IN THE ADMINISTRATION OF EMPLOYEE BENEFITS. NO CONFERENCES WERE HELD IN 2020.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Arthur Executive Director | Officer | 40 | $260,387 |
Frank Janecek President | OfficerTrustee | 4 | $0 |
Lisa Woods Vice President | OfficerTrustee | 4 | $0 |
Julie Blume Secretary | OfficerTrustee | 4 | $0 |
Pamela Engle Treasurer | OfficerTrustee | 4 | $0 |
Gabrielle Ernst Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $52,000 |
| 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 | $52,000 |
| Total Program Service Revenue | $501,675 |
| Investment income | $6,182 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $18,434 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $578,291 |
| 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. | $302,304 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $63,352 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $18,137 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,177 |
| Fees for services: Accounting | $34,688 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $734 |
| Information technology | $15,029 |
| Royalties | $0 |
| Occupancy | $131 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $20,307 |
| Interest | $4,178 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,909 |
| Insurance | $3,727 |
| All other expenses | $0 |
| Total functional expenses | $478,394 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $459,388 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $52,000 |
| Accounts receivable, net | $0 |
| 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 | $30,745 |
| Net Land, buildings, and equipment | $3,650 |
| Investments—publicly traded securities | $368,603 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,500 |
| Total assets | $916,886 |
| Accounts payable and accrued expenses | $7,825 |
| Grants payable | $0 |
| Deferred revenue | $238,900 |
| 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 | $146,518 |
| Total liabilities | $393,243 |
| Net assets without donor restrictions | $523,643 |
| 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 | $916,886 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Iuoe Local 30 Benefits Fund Whitestone, NY | $137,370,493 | $75,805,086 |
Bna Cash Basis Veba Trust Brooklyn, NY | $0 | $57,496,830 |
Golub Corporation Employees Benefit Trust Schenectady, NY | $0 | $47,368,126 |
Social Service Employees Union Local 371 Welfare Fund New York, NY | $3,893,562 | $23,163,002 |
Kaiser Found Health Plan Inc Retiree Health & Welfare Plan Tr Boston, MA | $6,263,155,647 | $206,309,367 |
Connecticut Insurance Guaranty Association Boston, MA | $114,038,959 | $6,299,722 |
College Insurance Company Colchester, VT | $74,904,314 | $21,436,710 |
General Hospital Long Term Disability Trust Somerville, MA | $45,869,299 | $18,555,032 |
Centers For Care Health Plan Bronx, NY | $49,972,187 | $33,212,808 |
Lufthansa German Airlines Long Term Disability Benefits Pl Tr Uniondale, NY | $2,508,054 | $15,798,770 |
Welfare Fund Heat And Frost Insulators Local 12 Long Island City, NY | $34,847,538 | $18,361,265 |
First Medical Insurance Compant A Risk Retention Group Colchester, VT | $102,134,145 | $15,354,853 |