Csea Employee Benefit Fund
- Assets
- $237.6m
- Revenue
- $153.8m
- Investments
- $0.0
- Employees
- 65
- Location
- Latham, NY
- Founding
- 01/1980
- Data as of
- 03/2022
- EIN
- 14-1610554
Organization Overview
Csea Employee Benefit Fund is located in Latham, NY. The organization was established in 1980. According to its NTEE Classification (Y43) the organization is classified as: Voluntary Employees Beneficiary Associations (Non-Government), under the broad grouping of Mutual & Membership Benefit and related organizations. As of 03/2022, Csea Employee Benefit Fund employed 65 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Csea Employee Benefit Fund is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.
For the year ending 03/2022, Csea Employee Benefit Fund generated $153.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $134.9m during the year ending 03/2022. While expenses have increased by 2.6% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE HEALTH AND WELFARE BENEFITS TO CERTAIN PUBLIC EMPLOYEES IN THE STATE OF NEW YORK AND THEIR ELIGIBLE DEPENDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DENTAL COVERAGE
MEDICAL PRESCRIPTION COVERAGE
VISION CARE COVERAGE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Howard Executive Director | Officer | 37.5 | $237,101 |
Jane Balander Director Of Hr | 37.5 | $208,787 | |
Lisa Brennan Director Of Finance | Officer | 37.5 | $200,129 |
Shana Davis Secretary | OfficerTrustee | 5 | $0 |
Mary E Sullivan Chairperson | OfficerTrustee | 5 | $0 |
Lester I Crockett Treasurer | Trustee | 5 | $0 |
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 | $148,815,046 |
| Investment income | $6,678,900 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,656,211 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $153,837,735 |
| 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 | $122,996,156 |
| Compensation of current officers, directors, key employees. | $451,280 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,056,414 |
| Pension plan accruals and contributions | $778,658 |
| Other employee benefits | $2,733,315 |
| Payroll taxes | $376,369 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $196,003 |
| Fees for services: Accounting | $42,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $126,166 |
| Fees for services: Other | $133,738 |
| Advertising and promotion | $54,136 |
| Office expenses | $588,866 |
| Information technology | $75,001 |
| Royalties | $0 |
| Occupancy | $213,877 |
| Travel | $1,651 |
| 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 | $125,040 |
| Insurance | $167,665 |
| All other expenses | $17,291 |
| Total functional expenses | $134,943,860 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $5,996,561 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $987,375 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $897,261 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $13,962,991 |
| Net Land, buildings, and equipment | $264,469 |
| Investments—publicly traded securities | $215,525,450 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $237,634,107 |
| Accounts payable and accrued expenses | $4,692,868 |
| Grants payable | $0 |
| Deferred revenue | $894,572 |
| 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 | $12,420,728 |
| Total liabilities | $18,008,168 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $16,470,384 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $203,155,555 |
| Total liabilities and net assets/fund balances | $237,634,107 |