International Foundation Of Employee Benefit Plans Inc
- Assets
- $42.2m
- Revenue
- $31.5m
- Investments
- $22.0m
- Employees
- 140
- Location
- Brookfield, WI
- Founding
- 08/1993
- Data as of
- 12/2022
- EIN
- 39-1034021
Organization Overview
International Foundation Of Employee Benefit Plans Inc is located in Brookfield, WI. The organization was established in 1993. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, International Foundation Of Employee Benefit Plans Inc employed 140 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. International Foundation Of Employee Benefit Plans Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, International Foundation Of Employee Benefit Plans Inc generated $31.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.3% each year. All expenses for the organization totaled $30.0m during the year ending 12/2022. While expenses have increased by 0.2% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
EDUCATIONAL SOURCE FOR EMPLOYEE BENEFITS AND FINANCIAL LITERACY.
Describe the Organization's Program Activity:
EDUCATIONAL PROGRAMS, SERVICES AND CONFERENCES RELATED TO EMPLOYEE BENEFIT PLANS.
OTHER PROGRAM SERVICES INCLUDE THE FOLLOWING:- PRODUCTION OF PUBLICATIONS, INFORMATION SERVICES AND RESEARCH FOR EMPLOYEE BENEFIT PLANS.- DEVELOPMENT, PRODUCTION, AND SUPPORT OF E-LEARNING EDUCATIONAL COURSES.- PROMOTION AND MARKETING OF PROGRAMS.
EDUCATIONAL PROGRAMS RELATED TO THE CERTIFIED EMPLOYEE BENEFITS SPECIALIST DESIGNATION.
PROGRAM DEVELOPMENT INCLUDES: SALES, PARTNERSHIPS, ADVERTISING, PUBLIC RELATIONS, AND MARKETING RELATING TO EMPLOYEE BENEFITS, FINANCIAL LITERACY, RETIREMENT SECURITY AND EDUCATION AND INFORMATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wendell Young IV Immediate Past President | Trustee | 3 | $0 |
Gene H Price Past President | Trustee | 3 | $0 |
Jill Mongelluzzo Corporate Sector Rep. - Non-Voting | Trustee | 3 | $0 |
Ruben Navarro Public Employees Sector Rep - Voting | Trustee | 3 | $4,661 |
Kirby Watson Canadian Sector Rep. - Non-Voting | Trustee | 3 | $0 |
Susan Bird Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Trustees Of The University Of Pennsylvan Education Program Consulting | 12/30/22 | $573,300 |
Protech Associates Inc It Consulting | 12/30/22 | $493,161 |
The Marek Group Printing Service | 12/30/22 | $416,005 |
Xanedu Inc Publishing Company | 12/30/22 | $361,925 |
Reinhart Boerner Van Deuren Sc Legal | 12/30/22 | $262,578 |
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 | $29,594,527 |
| Investment income | $736,836 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$41,335 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $782,559 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $31,544,284 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $15,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,054,670 |
| Compensation of current officers, directors, key employees. | $1,054,670 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $8,569,864 |
| Pension plan accruals and contributions | $977,624 |
| Other employee benefits | $1,629,771 |
| Payroll taxes | $641,752 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $325,309 |
| Fees for services: Accounting | $81,089 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $56,181 |
| Fees for services: Other | $1,368,517 |
| Advertising and promotion | $405,273 |
| Office expenses | $2,043,908 |
| Information technology | $912,177 |
| Royalties | $9,413 |
| Occupancy | $464,963 |
| Travel | $1,667,202 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,029,971 |
| Interest | $21,209 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,116,634 |
| Insurance | $347,757 |
| All other expenses | $0 |
| Total functional expenses | $30,013,596 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,570,593 |
| Savings and temporary cash investments | $835,804 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $927,505 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $204,188 |
| Prepaid expenses and deferred charges | $1,243,384 |
| Net Land, buildings, and equipment | $5,735,921 |
| Investments—publicly traded securities | $8,952,841 |
| Investments—other securities | $22,025,745 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $751,664 |
| Total assets | $42,247,645 |
| Accounts payable and accrued expenses | $6,115,289 |
| Grants payable | $0 |
| Deferred revenue | $13,030,306 |
| 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 | $4,279,713 |
| Total liabilities | $23,425,308 |
| Net assets without donor restrictions | $18,817,834 |
| Net assets with donor restrictions | $4,503 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $42,247,645 |
Grants Awarded
Over the last fiscal year, International Foundation Of Employee Benefit Plans Inc has awarded $30,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
NEVADA PARTNERSHIP FOR HOMELESS YOUTH PURPOSE: GENERAL SUPPORT OF ORGANIZATION'S MISSION | $15,000 |
NATIONAL CENTER FOR VICTIMS OF CRIME INC PURPOSE: CONTRIBUTION TO THE NATIONAL COMPASSION FUND LAS VEGAS | $15,000 |