Csea Employee Benefit Fund
- Assets
- $245.2m
- Revenue
- $150.6m
- Investments
- $0.0
- Employees
- 70
- Location
- Latham, NY
- Founding
- 01/1980
- Data as of
- 03/2023
- 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 03/2023, Csea Employee Benefit Fund employed 70 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 03/2023, Csea Employee Benefit Fund generated $150.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.6% each year. All expenses for the organization totaled $136.6m during the year ending 03/2023. While expenses have increased by 2.4% 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
2023
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 |
|---|---|---|---|
Shana Davis Secretary | OfficerTrustee | 5 | $0 |
Lester I Crockett Treasurer | Trustee | 5 | $0 |
Mary E Sullivan Chairperson | OfficerTrustee | 5 | $0 |
Kenneth Greenleaf Trustee | Trustee | 5 | $0 |
Richard Bebo Trustee | Trustee | 5 | $0 |
Robert Pazik Trustee | 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 | $150,425,277 |
| Investment income | $5,786,447 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$5,624,459 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $150,587,265 |
| 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 | $123,967,485 |
| Compensation of current officers, directors, key employees. | $490,222 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,322,874 |
| Pension plan accruals and contributions | $767,549 |
| Other employee benefits | $2,775,225 |
| Payroll taxes | $397,082 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $194,425 |
| Fees for services: Accounting | $42,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $154,777 |
| Fees for services: Other | $155,815 |
| Advertising and promotion | $81,408 |
| Office expenses | $670,964 |
| Information technology | $79,257 |
| Royalties | $0 |
| Occupancy | $215,379 |
| Travel | $17,776 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $294 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $126,041 |
| Insurance | $176,962 |
| All other expenses | $22,961 |
| Total functional expenses | $136,610,081 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,815,558 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,225,053 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,016,984 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $15,872,745 |
| Net Land, buildings, and equipment | $378,356 |
| Investments—publicly traded securities | $224,495,780 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $414,933 |
| Total assets | $245,219,409 |
| Accounts payable and accrued expenses | $2,980,248 |
| Grants payable | $0 |
| Deferred revenue | $1,150,212 |
| 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 | $12,741,172 |
| Total liabilities | $16,871,632 |
| 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 | $211,877,393 |
| Total liabilities and net assets/fund balances | $245,219,409 |