International Foundation Of Employee Benefit Plans Inc
- Assets
- $45.1m
- Revenue
- $24.1m
- Investments
- $23.1m
- Employees
- 124
- Location
- Brookfield, WI
- Founding
- 08/1993
- Data as of
- 12/2021
- EIN
- 39-1034021
Organization Overview
International Foundation Of Employee Benefit Plans Inc is located in Brookfield, WI. The organization was established in 1993. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, International Foundation Of Employee Benefit Plans Inc employed 124 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. International Foundation Of Employee Benefit Plans Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, International Foundation Of Employee Benefit Plans Inc generated $24.1m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.3%) each year. All expenses for the organization totaled $22.3m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (3.9%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
EDUCATIONAL SOURCE FOR EMPLOYEE BENEFITS AND FINANCIAL LITERACY.
Describe the Organization's Program Activity:
EDUCATIONAL PROGRAMS, SERVICES AND CONFERENCES RELATED TO EMPLOYEE BENEFIT PLANS.
EDUCATIONAL PROGRAMS RELATED TO THE CERTIFIED EMPLOYEE BENEFITS SPECIALIST DESIGNATION.
PROGRAM DEVELOPMENT INCLUDES: SALES, PARTNERSHIPS, ADVERTISING, PUBLIC RELATIONS, AND MARKETING RELATING TO EMPLOYEE BENEFITS, FINANCIAL LITERACY, RETIREMENT SECURITY AND EDUCATION AND INFORMATION.
OTHER PROGRAM SERVICES INCLUDE THE FOLLOWING:- PRODUCTION OF PUBLICATIONS, INFORMATION SERVICES AND RESEARCH FOR EMPLOYEE BENEFIT PLANS.- DEVELOPMENT, PRODUCTION, AND SUPPORT OF E-LEARNING EDUCATIONAL COURSES.- PROMOTION AND MARKETING OF PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Terence S Davidson Chief Executive Officer | Officer | 40 | $466,790 |
Albert Hamwright Chief Financial Officer | Officer | 40 | $264,480 |
Julie Stich Vice President, Content | 40 | $208,790 | |
Joseph Gliniecki Vice President, Business Development | 40 | $207,800 | |
Linda Bielski Director, Cebs/iscebs | 40 | $141,011 | |
Eric Matschull Director, Finance And Accounting | 40 | $140,216 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Trustees Of The University Of Pennsylvan Consulting | 12/30/21 | $621,927 |
Encore Group Usa Llc Audio/ Visual Services | 12/30/21 | $467,142 |
Dalhousie University Consulting | 12/30/21 | $212,660 |
Protech Associates Inc Consulting | 12/30/21 | $244,459 |
Reinhart Boerner Van Deuren Sc Legal | 12/30/21 | $294,606 |
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 | $20,031,725 |
| Investment income | $519,120 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $165,273 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $910,572 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $24,056,813 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $15,000 |
| 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. | $983,334 |
| Compensation of current officers, directors, key employees. | $983,334 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,532,032 |
| Pension plan accruals and contributions | $1,606,162 |
| Other employee benefits | $1,823,096 |
| Payroll taxes | $557,573 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $305,546 |
| Fees for services: Accounting | $105,922 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $51,619 |
| Fees for services: Other | $1,645,131 |
| Advertising and promotion | $253,868 |
| Office expenses | $1,272,870 |
| Information technology | $678,881 |
| Royalties | $6,896 |
| Occupancy | $294,592 |
| Travel | $489,138 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,823,757 |
| Interest | $51,491 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,209,418 |
| Insurance | $219,561 |
| All other expenses | $0 |
| Total functional expenses | $22,314,207 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,366,590 |
| Savings and temporary cash investments | $730,675 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $582,454 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $197,048 |
| Prepaid expenses and deferred charges | $997,265 |
| Net Land, buildings, and equipment | $5,722,201 |
| Investments—publicly traded securities | $9,563,169 |
| Investments—other securities | $23,142,955 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,750,328 |
| Total assets | $45,052,685 |
| Accounts payable and accrued expenses | $3,470,121 |
| Grants payable | $0 |
| Deferred revenue | $13,841,623 |
| 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 | $9,283,638 |
| Total liabilities | $26,595,382 |
| Net assets without donor restrictions | $18,451,764 |
| Net assets with donor restrictions | $5,539 |
| 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 | $45,052,685 |
Grants Awarded
Over the last fiscal year, International Foundation Of Employee Benefit Plans Inc has awarded $30,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Las Vegas, NV PURPOSE: GENERAL SUPPORT OF ORGANIZATION'S MISSION | $15,000 |
Arlington, VA PURPOSE: CONTRIBUTION TO THE NATIONAL COMPASSION FUND LAS VEGAS | $15,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that International Foundation Of Employee Benefit Plans Inc has recieved totaling $55,815.
| Awarding Organization | Amount |
|---|---|
Kaiser Foundation Health Plan Inc Oakland, CA PURPOSE: International Foundation Conference Support | $55,815 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Healthcare Information And Management Systems Society Chicago, IL | $52,722,997 | $65,054,367 |
Inter-Industry Conference On Auto Collision Repairs Hoffman Estates, IL | $98,841,828 | $60,778,547 |
Iowa Soybean Association Ankeny, IA | $41,040,308 | $49,594,198 |
Society Of Actuaries Professional Association Schaumburg, IL | $48,907,069 | $54,354,624 |
North Central States Regional Council Of Carpenters St Paul, MN | $80,577,529 | $40,138,567 |
Association Of Equipment Manufacturers Milwaukee, WI | $65,690,987 | $35,929,615 |
Ipc International Inc Bannockburn, IL | $35,069,140 | $30,776,508 |
Apics Inc Chicago, IL | $42,029,595 | $30,789,675 |
International Sanitary Supply Association Rosemont, IL | $73,095,156 | $16,343,711 |
International Foundation Of Employee Benefit Plans Inc Brookfield, WI | $45,052,685 | $24,056,813 |
Aisc Holdings Inc Chicago, IL | $39,650,514 | $25,378,611 |
American College Of Surgeons Professional Association Chicago, IL | $12,847,056 | $21,670,888 |