Employers Council On Flexible Compensation
- Assets
- $675.4k
- Revenue
- $894.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Washington, DC
- Founding
- 04/1982
- Data as of
- 12/2022
- EIN
- 52-1243095
Organization Overview
Employers Council On Flexible Compensation is located in Washington, DC. The organization was established in 1982. According to its NTEE Classification (R99) the organization is classified as: Civil Rights, Social Action & Advocacy N.E.C., under the broad grouping of Civil Rights, Social Action & Advocacy and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Employers Council On Flexible Compensation 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 12/2022, Employers Council On Flexible Compensation generated $894.0k 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 (7.6%) each year. All expenses for the organization totaled $973.0k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (3.2%) 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE THE MAINTENANCE AND EXPANSION OF PRIVATE EMPLOYEE BENEFIT PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEMBERSHIP SERVICES - INCLUDING PUBLICATIONS OF KEY INDUSTRY ISSUES AND LEGISLATION. PROGRAMS INVOLVE DISSEMINATION OF INFORMATION ON ALL ASPECTS OF COMPENSATION ISSUES.
COMMUNICATIONS - PROGRAMS PROVIDE AN INFORMATION CLEARINGHOUSE, MAGAZINE, AND BULLETINS ABOUT FLEXIBLE COMPENSATION ISSUES AND DEVELOPMENTS
ANNUAL CONFERENCE AND SEMINARS - PROVIDE LECTURES, WORKSHOPS AND INDUSTRY DISPLAYS. IT PROVIDES A FORUM TO EXCHANGE INFORMATION AND IDEAS WITH MEMBERS AND INDUSTRY LEADERS
LEGISLATIVE AFFAIRS - PROVIDE UP-TO-DATE INDUSTRY AND LEGISLATIVE INFORMATION REGARDING EXISTING AND EMERGING FLEXIBLE COMPENSATION ISSUES. ALSO LOBBYING ACTIVITIES CONCERNING FLEXIBLE COMPENSATION ISSUES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Becky Seefeldt At Large | Trustee | 2 | $0 |
Carolyn Arabolos Member | Trustee | 2 | $0 |
Charles Zelazny Member | Trustee | 2 | $0 |
Chris Erickson At Large | Trustee | 2 | $0 |
Christopher Byrd Vice Chair | OfficerTrustee | 2 | $0 |
Colleen Boyle Member | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Day Consulting Llc Management | 12/30/21 | $247,500 |
William Sweetnam Consulting Services | 12/30/21 | $100,837 |
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 | $126,400 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $126,400 |
| Total Program Service Revenue | $755,563 |
| Investment income | $8,210 |
| 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 | $893,975 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $225,000 |
| Fees for services: Legal | $54,000 |
| Fees for services: Accounting | $28,186 |
| Fees for services: Lobbying | $246,261 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $8,169 |
| Advertising and promotion | $45,548 |
| Office expenses | $15,065 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $16,223 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,067 |
| All other expenses | $46,195 |
| Total functional expenses | $973,020 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $200,411 |
| Savings and temporary cash investments | $300,329 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $27,256 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $146,146 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,278 |
| Total assets | $675,420 |
| Accounts payable and accrued expenses | $28,467 |
| Grants payable | $0 |
| Deferred revenue | $249,772 |
| 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 | $278,239 |
| Net assets without donor restrictions | $397,181 |
| 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 | $675,420 |