Constellation Employees Benefit Trust For Management Employees
- Assets
- $115.3m
- Revenue
- $10.9m
- Investments
- $7.6m
- Employees
- 0
- Location
- Kennett Square, PA
- Founding
- Data as of
- 12/2023
- EIN
- 87-3974129
Organization Overview
Constellation Employees Benefit Trust For Management Employees is located in Kennett Square, PA. Constellation Employees Benefit Trust For Management Employees is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.
For the year ending 12/2023, Constellation Employees Benefit Trust For Management Employees generated $10.9m in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 28.8% each year . All expenses for the organization totaled $31.3m during the year ending 12/2023. While expenses have increased by 12.0% per year over the past 2 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE HEALTH CARE BENEFITS TO THE RETIRED MANAGEMENT EMPLOYEES PARTICIPATING IN THE VEBA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE VEBA TRUST PROVIDED BENEFITS FOR RETIRED MANAGEMENT EMPLOYEE PARTICIPANTS AND THEIR SURVIVING SPOUSES FROM MEMBER AND EMPLOYER CONTRIBUTIONS.
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Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Tempo Holding Company Llc Record Keeping | 12/30/22 | $185,078 |
Morgan Stanley Investment Mgmt Ltd Investment Management | 12/30/22 | $120,224 |
Blackrock Financial Management Investment Management | 12/30/22 | $103,057 |
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 | $5,944,720 |
| Investment income | $2,958,018 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,043,580 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,946,318 |
| 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 | $25,912,294 |
| Compensation of current officers, directors, key employees. | $35,031 |
| 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 | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $106,932 |
| Fees for services: Other | $132,489 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| All other expenses | $0 |
| Total functional expenses | $31,319,585 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $142,423 |
| Savings and temporary cash investments | $3,363,437 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $921,612 |
| 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 | $103,225,661 |
| Investments—other securities | $7,639,348 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $115,292,481 |
| Accounts payable and accrued expenses | $15,071 |
| 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 | $0 |
| Total liabilities | $15,071 |
| Net assets without donor restrictions | $0 |
| 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 | $115,277,410 |
| Total liabilities and net assets/fund balances | $115,292,481 |