Pennsylvania Employees Benefit

Organization Overview

Pennsylvania Employees Benefit is located in Harrisburg, PA. The organization was established in 1989. 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 06/2022, Pennsylvania Employees Benefit employed 125 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pennsylvania Employees Benefit is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.

For the year ending 06/2022, Pennsylvania Employees Benefit generated $1.2b in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.9% each year. All expenses for the organization totaled $1.1b during the year ending 06/2022. While expenses have increased by 0.9% per year over the past 7 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TRUST FOR THE PROVISION OF EMPLOYEE BENEFITS TO EMPLOYEES OF THE COMMONWEALTH OF PENNSYLVANIA.

Describe the Organization's Program Activity:

Part 3 - Line 4a

TO PROVIDE MEDICAL, SURGICAL, HOSPITAL, AND SUPPLEMENTAL BENEFITS TO EMPLOYEES OF THE COMMONWEALTH OF PENNSYLVANIA AS WELL AS OTHER PARTICIPANTS. BENEFITS PROVIDED TO APPROXIMATELY 68,400 CONTRACTS OR 158,000 COVERED LIVES.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Hub International
Insurance Services
$307,480
Willis Towers Watson
Actuarial Services
$545,885
Ballard Spahr Llp
Legal Services
$250,551
Kennedy Printing Company Inc
Printing And Mailing
$247,222
Standish Mellon Asset Management
Investment Management
$597,051
View All Vendors

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$1,154,897,427
Investment income $7,227,829
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$3,277,292
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,158,847,964

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