Emeriti Consortium For Retirement Health Solutions
- Assets
- $2.5m
- Revenue
- $2.8m
- Investments
- $0.0
- Employees
- 3
- Location
- Miami, FL
- Founding
- 05/2005
- Data as of
- 12/2022
- EIN
- 57-1194227
Organization Overview
Emeriti Consortium For Retirement Health Solutions is located in Miami, FL. The organization was established in 2005. According to its NTEE Classification (B02) the organization is classified as: Management & Technical Assistance, under the broad grouping of Education and related organizations. As of 12/2022, Emeriti Consortium For Retirement Health Solutions employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Emeriti Consortium For Retirement Health Solutions 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 12/2022, Emeriti Consortium For Retirement Health Solutions generated $2.8m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $2.6m during the year ending 12/2022. While expenses have increased by 6.8% per year over the past 8 years. They've been increasing with an increasing level of total revenue. 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
THE ORGANIZATION PROVIDES A TAX-ADVANTAGED METHOD OF PROVIDING FOR RETIREE HEALTH BENEFITS TO EMPLOYEES OF COLLEGES, UNIVERSITIES AND OTHER EDUCATION-RELATED TAX EXEMPT ORGANIZATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ASSIST EDUCATION INSTITUTIONS SECURE TIMELY RETIREMENT OF THEIR FACULTIES AND STAFF BY PROVIDING A TAX-ADVANTAGED METHOD OF PROVIDING FOR RETIREE HEALTH BENEFITS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Timothy E Lane President & CEO | Officer | 40 | $442,100 |
Roger L Montgomery VP For Finance | Officer | 40 | $262,500 |
Tamara M Simon Trustee | Trustee | 5 | $10,000 |
Paul Fronstin Treasurer | Trustee | 5 | $5,000 |
Richard Ekman Trustee | Trustee | 5 | $5,000 |
Michael S Noetzel Trustee | Trustee | 5 | $5,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Tiaa Recordkeeping | 12/30/22 | $333,247 |
Jeremiah Hanrahan Consulting Fees | 12/30/22 | $170,000 |
Cbiz Retirement Plan Services Recordkeeping | 12/30/22 | $787,860 |
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 | $2,724,226 |
| Investment income | $27,029 |
| 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 | $2,751,255 |
| 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. | $833,934 |
| Compensation of current officers, directors, key employees. | $83,393 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $63,613 |
| Pension plan accruals and contributions | $8,180 |
| Other employee benefits | $5,810 |
| Payroll taxes | $33,716 |
| Fees for services: Management | $209,750 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $27,372 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $133,902 |
| Advertising and promotion | $5,194 |
| Office expenses | $27,976 |
| Information technology | $1,475 |
| Royalties | $0 |
| Occupancy | $15,202 |
| Travel | $51,558 |
| 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 | $1,138 |
| Insurance | $32,161 |
| All other expenses | $0 |
| Total functional expenses | $2,554,936 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $162,841 |
| Savings and temporary cash investments | $2,175,961 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $129,188 |
| 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 | $12,571 |
| Net Land, buildings, and equipment | $3,223 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,332 |
| Total assets | $2,489,116 |
| Accounts payable and accrued expenses | $237,695 |
| 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 | $5,332 |
| Total liabilities | $243,027 |
| Net assets without donor restrictions | $2,246,089 |
| 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 | $2,489,116 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Chris-Tex Inc Cantonment, FL | $1,355,088,356 | $60,967,322 |
University Of Florida Investment Corporation Gainesville, FL | $5,168,985 | $5,707,826 |
Higher Education Library Information Network Helin Inc Cape Coral, FL | $798,784 | $4,241,914 |
Emeriti Consortium For Retirement Health Solutions Miami, FL | $2,489,116 | $2,751,255 |
Georgia Leadership Institute For School Improvement Inc Duluth, GA | $3,684,980 | $2,207,807 |
Tampa Bay Library Consortium Inc Tampa, FL | $1,260,939 | $1,733,050 |
Career And Technical Education Consortium Of States Inc Decatur, GA | $4,025,565 | $2,047,533 |
Teacher Prep Inspection-Us Inc Sarasota, FL | $217,460 | $1,290,367 |
Assistance Unlimited Real Estate Holdings Corp Lauderdale Lakes, FL | $9,041,618 | $1,496,364 |
Alliance Education Services Incorporated Palm Harbor, FL | $6,531,028 | $2,985,584 |
Auburn University Real Estate Foundation Inc Auburn, AL | $9,739,836 | $4,197,642 |
Georgia Education Technology Consortium Inc Greensboro, GA | $728,570 | $724,233 |