Committee On Investment Of Employee Benefit Assets Inc
- Assets
- $1.1m
- Revenue
- $637.5k
- Investments
- $0.0
- Employees
- 2
- Location
- Bonita Springs, FL
- Founding
- 12/2015
- Data as of
- 12/2021
- EIN
- 47-5104757
Organization Overview
Committee On Investment Of Employee Benefit Assets Inc is located in Bonita Springs, FL. The organization was established in 2015. 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, Committee On Investment Of Employee Benefit Assets Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Committee On Investment Of Employee Benefit Assets Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
CIEBA IS A TRADE ORGANIZATION OF CHIEF INVESTMENT OFFICERS WHO MANAGE AND ADMINISTER CORPORATE RETIREMENT PLAN ASSETS FOR OVER 100 LARGE CORPORATIONS. MOST ARE AMERICAN COMPANIES, AND MOST MEMBERS ARE FIDUCIARIES OF THEIR RESPECTIVE COMPANIES' PLANS, GOVERNED BY THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974. IN THIS REGARD, CIEBA SPENDS 100% OF ITS TIME ON ACTIVITIES PROMOTING THE COMMON INTERESTS OF MEMBERS, INCLUDING THE FOLLOWING: (A) ORGANIZING AND HOSTING CONFERENCES, SEMINARS, AND MEETINGS FOR ITS MEMBERS, COVERING CURRENT AND EMERGING RETIREMENT INVESTMENT POLICY ISSUES, (B) PROVIDING INPUT TO POLICYMAKERS ON ISSUES AFFECTING THE MANAGEMENT OF RETIREMENT PLAN ASSETS, (C) WRITING RETIREMENT-RELATED ARTICLES FOR DISTRIBUTION TO THE MEMBERSHIP, AND (D) PUBLISHING WHITE PAPERS AND POSITION STATEMENTS AND DOING INTERVIEWS WITH VARIOUS RELEVANT MEDIA ON CURRENT TOPICS RELATED TO RETIREMENT PLANS AND INVESTMENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GENERAL PROGRAM - THE GENERAL PROGRAM FOR CIEBA INVOLVES ORGANIZING AND FACILITATING INFORMATION-SHARING AND EDUCATIONAL OPPORTUNITIES FOR MEMBERS AND PROVIDING A FORUM FOR MEMBERS TO EDUCATE RETIREMENT SAVINGS POLICYMAKERS AND THOUGHT LEADERS IN ORDER TO SUPPORT THE EFFECTIVE AND EFFICIENT OPERATION OF ERISA EMPLOYEE BENEFIT PLANS AND PLAN INVESTMENTS. IN THIS REGARD, CIEBA SPENDS ITS GENERAL PROGRAM EFFORTS ON ACTIVITIES PROMOTING THE COMMON INTERESTS OF MEMBERS, INCLUDING THE FOLLOWING: (A) ORGANIZING AND HOSTING CONFERENCES, SEMINARS, AND MEETINGS FOR ITS MEMBERS, COVERING CURRENT AND EMERGING RETIREMENT INVESTMENT POLICY ISSUES, (B) PROVIDING INPUT TO POLICYMAKERS ON ISSUES AFFECTING THE MANAGEMENT OF RETIREMENT PLAN ASSETS, (C) WRITING RETIREMENT-RELATED ARTICLES FOR DISTRIBUTION TO THE MEMBERSHIP, AND (D) PUBLISHING WHITE PAPERS AND POSITION STATEMENTS AND DOING INTERVIEWS WITH VARIOUS RELEVANT MEDIA ON CURRENT TOPICS RELATED TO RETIREMENT PLANS AND INVESTMENTS.
MEETINGS - CIEBA MEETINGS ARE HELD PERIODICALLY DURING THE YEAR, EITHER VIRTUALLY OR IN-PERSON, IN ORDER TO ENABLE MEMBERS TO MEET TO DISCUSS ISSUES, SHARE INFORMATION AND SET PRIORITIES FOR THE ISSUES THAT CIEBA STAFF AND LEADERSHIP WILL BE ENGAGED WITH DURING THE COMING MONTHS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dennis Simmons Executive Director | OfficerTrustee | 40 | $296,366 |
Paul Cavazos Chairman | OfficerTrustee | 1 | $0 |
Robert Sparling Vice Chairman | OfficerTrustee | 1 | $0 |
Angela Buk Treasurer | OfficerTrustee | 1 | $0 |
Jay Vivian Secretary | OfficerTrustee | 4 | $0 |
Ruth Bosco Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $507,929 |
| 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 | $507,929 |
| Total Program Service Revenue | $127,220 |
| Investment income | $44 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $637,452 |
| 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. | $296,366 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $69,942 |
| Pension plan accruals and contributions | $31,349 |
| Other employee benefits | $800 |
| Payroll taxes | $11,240 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $20,000 |
| Fees for services: Accounting | $13,255 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $8,240 |
| Advertising and promotion | $0 |
| Office expenses | $10,031 |
| Information technology | $8,574 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $178 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,908 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,401 |
| All other expenses | $0 |
| Total functional expenses | $479,284 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $502,265 |
| Savings and temporary cash investments | $993 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $288,865 |
| 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 | $4,994 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $312,715 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,109,832 |
| Accounts payable and accrued expenses | $4,523 |
| Grants payable | $0 |
| Deferred revenue | $545,675 |
| 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 | $550,198 |
| Net assets without donor restrictions | $559,634 |
| 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 | $1,109,832 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
North American Electric Reliabilitycorporation Atlanta, GA | $65,227,333 | $81,782,902 |
Gsma Ltd Atlanta, GA | $262,728,803 | $123,320,595 |
Institute Of Internal Auditors Lake Mary, FL | $101,351,692 | $59,361,984 |
Florida Association Of Realtors Orlando, FL | $96,568,925 | $47,578,542 |
Southern Motor Carriers Association Inc Peachtree City, GA | $87,365,051 | $35,375,343 |
American Welding Society Inc Miami, FL | $147,619,451 | $41,705,708 |
American Society Of Heating Refrigerating & A-C Engineers Peachtree Corners, GA | $58,779,760 | $22,960,689 |
Gwinnett Convention And Visitors Bureau Inc Duluth, GA | $29,610,598 | $21,705,089 |
Icamr Inc Neocity, FL | $16,807,579 | $18,482,877 |
Nassau-Paradise Island Promotion Board Ltd Plantation, FL | $7,848,897 | $14,831,769 |
Asian American Hotel Owners Association Atlanta, GA | $22,232,306 | $14,292,123 |
Osceola Convention And Visitors Bureau Inc Kissimmee, FL | $12,721,814 | $18,220,107 |