Overview
What is New England Employee Benefit Councilinc?
New England Employee Benefit Councilinc is a nonprofit organization situated at 561 Virginia Road, Concord, Massachusetts 01742. Their primary focus is to provide educational programs and resourceful information to professionals working in the employee benefits sector. By conducting conferences and meetings, they aim to enhance the skills of these professionals, enabling them to deliver superior services to their employer clients. The organization's mission is to contribute significantly to the employee benefits industry, ultimately benefiting both employers and their employees. With a modest workforce of 4 individuals, New England Employee Benefit Councilinc plays a vital role in the professional development of employee benefits professionals in the New England region.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 69% (Two-Star out of Four Stars)
The New England Employee Benefit Council holds a Two-Star rating from Charity Navigator, indicating a somewhat limited level of accountability and financial health with a score of 69%. The organization boasts a fully independent board and demonstrates strong oversight in various financial practices, including a solid audit and oversight committee. However, the low program expense ratio of 51.56%, which is significantly below industry standards, suggests that a larger proportion of funds may not be directed towards its programs and services.
While the council has no material diversion of assets and has documented conflict of interest and document retention policies, it lacks a whistleblower policy and has not made board meeting minutes available, which raises concerns about transparency. The presence of a tax form on their website is a positive aspect, reflecting some commitment to public accountability.
Overall, while the organization performs well in governance aspects, it faces challenges in financial allocations and transparency that could impact its effectiveness and trustworthiness in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is New England Employee Benefit Councilinc legitimate?
New England Employee Benefit Councilinc is a legitimate nonprofit organization registered as a 501(c)(3) entity. New England Employee Benefit Councilinc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $157,051
Professional Fundraising Fees: $0
Other Salaries and Wages: $191,166
For more financial information, click here
What is the mission statement of New England Employee Benefit Councilinc?
The New England Employee Benefit Councilinc is committed to providing educational programs and resources for individuals working in the employee benefits profession. Their mission is to equip these professionals with the necessary knowledge and skills to offer improved services to their employer clients. This is achieved through organized conferences, which serve as platforms for teaching and learning, enabling employee benefits specialists to enhance their capabilities in delivering optimal benefits solutions.
Who is the CEO of New England Employee Benefit Councilinc?
Robin Antonellis is the Executive Dir. of New England Employee Benefit Councilinc.
What is the revenue of New England Employee Benefit Councilinc?
New England Employee Benefit Councilinc's revenue in 2021 was $500,224.
Who are the executives of New England Employee Benefit Councilinc and what are their salaries?
The average compensation at New England Employee Benefit Councilinc during 2021 was $87,054. There are 4 employees and 40 volunteers at New England Employee Benefit Councilinc.
Here are 8 key members and their salaries:
- Compensation: $157,051
- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for New England Employee Benefit Councilinc?
New England Employee Benefit Councilinc's most recent form 990 was submitted in 2021 and can be accessed here.
Mission Statement of New England Employee Benefit Councilinc
The New England Employee Benefit Councilinc is committed to providing educational programs and information resources for individuals in the employee benefits profession. Their mission is to equip these professionals with the necessary skills and knowledge to deliver superior services to their employer clients. This is accomplished through a variety of educational meetings, where employee benefits experts share their insights and best practices, enabling them to improve their service delivery.
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Impact
July, 2024
New England Employee Benefit Councilinc has had a significant impact on empowering individuals in the employee benefits profession through its educational programs and information resources. By organizing conferences and meetings, the organization equips professionals with the knowledge and skills needed to enhance the services they provide to their employers. This direct approach contributes positively to the professional development and effectiveness of individuals in the field of employee benefits.
This information is meant to be a general summary of New England Employee Benefit Councilinc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2021.
- Investment Income: $55,239
- Program Service Revenue: $113,801
- Gross Receipts: $500,224
Assets and Liabilities:
- Total Assets: $664,189
- Total Liabilities: $195,483
- Net Assets: $468,706
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONFERENCES
Revenue
$113,801
Organization Details
Founding Year
1981
Phone
(781) 684-8700Principal Officer
Robin Antonellis
Main Address
561 VIRGINIA RD 217, CONCORD, MA, 01742
NTEE Category
Code: Y20 - Mutual benefit
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