City Employees Voluntary Employees Beneficiary Association Inc

Organization Overview

City Employees Voluntary Employees Beneficiary Association Inc is located in Madison, WI. The organization was established in 2018. According to its NTEE Classification (Y44) the organization is classified as: Voluntary Employees Beneficiary Associations Government), under the broad grouping of Mutual & Membership Benefit and related organizations. As of 12/2021, City Employees Voluntary Employees Beneficiary Association Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. City Employees Voluntary Employees Beneficiary Association Inc is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.

For the year ending 12/2021, City Employees Voluntary Employees Beneficiary Association Inc generated $651.9k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 1.1% each year. All expenses for the organization totaled $260.6k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

REIMBURSEMENT OF POST-RETIREMENT MEDICAL EXPENSES TO THE CORPORATION'S MEMBERS OR THEIR DESIGNATED BENEFICIARIES. SUBSTANTIALLY ALL OF THE CORPORATION'S OPERATIONS ARE IN FURTHERANCE OF PROVIDING SUCH BENEFITS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

REIMBURSEMENT OF POST-RETIREMENT MEDICAL EXPENSES TO THE CORPORATION'S MEMBERS OR THEIR DESIGNATED BENEFICIARIES. SUBSTANTIALLY ALL OF THE CORPORATION'S OPERATIONS ARE IN FURTHERANCE OF PROVIDING SUCH BENEFITS.


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Board, Officers & Key Employees

Name (title)Compensation
Marcia Paulsen
President
$7,300
Kenneth Seifert
Vice President
$7,300
Barb Maly
Treasurer (end 10/31)
$5,550
Kevin Replinger
Secretary
$2,100
Thomas Rosol
Director
$2,100
Joseph Seifert
Treasurer (beg 11/1)
$1,150

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$643,243
Investment income $8,626
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 $651,869

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