International Society Of Certified Employee Benefit Specialists Inc
- Assets
- $2.2m
- Revenue
- $918.8k
- Investments
- $1.2m
- Employees
- 0
- Location
- Brookfield, WI
- Founding
- 01/1985
- Data as of
- 12/2021
- EIN
- 39-1396077
Organization Overview
International Society Of Certified Employee Benefit Specialists Inc is located in Brookfield, WI. The organization was established in 1985. According to its NTEE Classification (Y20) the organization is classified as: Insurance Providers, under the broad grouping of Mutual & Membership Benefit and related organizations. This organization is a parent organization of an affiliated group for tax-exemption purposes. International Society Of Certified Employee Benefit Specialists 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 12/2021, International Society Of Certified Employee Benefit Specialists Inc generated $918.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.3%) each year. All expenses for the organization totaled $961.6k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (5.4%) per year over the past 7 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
EDUCATIONAL SOURCE REGARDING THE CEBS, GBA AND RPA DESIGNATIONS.
Describe the Organization's Program Activity:
TO ORGANIZE AND HOST A 2 1/2 DAY ANNUAL SYMPOSIUM THAT FEATURES CUTTING-EDGE ISSUES PRESENTED BY EXPERTS IN THE BENEFITS INDUSTRY. THE ANNUAL SYMPOSIUM ALSO PROVIDES INDIVIDUALS WITH THE OPPORTUNITY FOR EARNING CREDIT TOWARDS LICENSING/CONTINUING EDUCATION REQUIREMENTS FOR INSURANCE PROFESSIONALS, ACCOUNTANTS, ATTORNEYS, AND OTHER PROFESSIONALS. THE SYMPOSIUM WAS HELD AS A VIRTUAL CONFERENCE IN 2021.
TO PROVIDE AN ONLINE RESEARCH DATABASE AND INTERACTIVE COMMUNITY, WEBCASTS, NEWSBRIEFS, SURVEYS, E-LEARNING COURSES, AND MEMBERSHIP DIRECTORIES.
TO PUBLISH A HIGHLY RESPECTED AND COMPREHENSIVE QUARTERLY JOURNAL THAT OFFERS THE LATEST TRENDS AND INNOVATIONS IN BENEFITS AND COMPENSATION.
TO OFFER CONTINUING EDUCATION COURSES AND EXAMINATIONS THAT MEET EDUCATION REQUIREMENTS FOR CEBS, GBA, AND RPA, DESIGNEES. IN ADDITION, THE ORGANIZATION OFFERS A FELLOWSHIP STATUS DESIGNATION RESERVED FOR CEBS MEMBERS WHO QUALIFY BY SUCCESSFULLY PASSING A CONTINUING EDUCATION UPDATE EXAMINATION EVERY TWO YEARS. THE CONTINUING EDUCATION COURSES/EXAMINATIONS ARE DESIGNED TO KEEP ORGANIZATION MEMBERS AT THE FOREFRONT OF NEW DEVELOPMENTS AND TRENDS IN THE BENEFITS FIELD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carey Wooton Cebs Chair | OfficerTrustee | 1 | $0 |
Ryan A Siemers Cebs Vice Chair | OfficerTrustee | 1 | $0 |
Terence S Davidson Chief Executive Officer | Officer | 2 | $0 |
Michelle Oram Cebs Director | Trustee | 1 | $0 |
Sean P Madix Director | Trustee | 1 | $0 |
Donald D Crosatto Director | Trustee | 1 | $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 | $865,871 |
| Investment income | $52,924 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $918,795 |
| 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 | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| 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 | $249,456 |
| Fees for services: Legal | $6,549 |
| Fees for services: Accounting | $9,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,925 |
| Fees for services: Other | $78,248 |
| Advertising and promotion | $24,434 |
| Office expenses | $134,475 |
| Information technology | $48,057 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $22,555 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $40,012 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $8,559 |
| All other expenses | $336,307 |
| Total functional expenses | $961,577 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $114,876 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $7,965 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $628,675 |
| Investments—other securities | $1,238,480 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $168,713 |
| Total assets | $2,158,709 |
| Accounts payable and accrued expenses | $73,945 |
| Grants payable | $0 |
| Deferred revenue | $562,593 |
| 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 | $397,836 |
| Total liabilities | $1,034,374 |
| Net assets without donor restrictions | $1,124,335 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $2,158,709 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Cooperative Welfare Benefits Fund West Des Moines, IA | $20,233,911 | $75,160,652 |
University Of Chicago Self Insurance Trust Chicago, IL | $366,096,537 | $38,837,635 |
Workers Compensation Reinsurance Association St Paul, MN | $4,127,132,929 | $379,015,449 |
Rush University Medical Centers Self-Insurance Trust For Healthcar Chicago, IL | $184,033,612 | $58,498,218 |
Pohlad Group Veba Trust Milwaukee, WI | $1,880,360 | $21,238,879 |
Automatic Sprinkler-281 U A Welfare Fund Alsip, IL | $43,182,482 | $25,386,372 |
Ua Local 190 Health And Welfare Plan And Tr Bingham Farms, MI | $31,731,480 | $19,592,093 |
St Anthony's Med Cnt Prof & Gen Liab Milwaukee, WI | $0 | $2,384,132 |
Illinois Insurance Guaranty Fund Chicago, IL | $161,417,885 | $26,320,531 |
Healthalliance Benefit Plan Urbandale, IA | $4,354,956 | $14,851,406 |
Roofers Local 149 Security Benefit Trust Fund Troy, MI | $18,107,523 | $12,731,786 |
Clara Abbott Foundation Abbott Park, IL | $224,191,754 | $3,270,470 |