Form 990 for tax year 2022
Filed by COMMITTEE ON INVESTMENT OF EMPLOYEE BENEFIT ASSETS INC.
Totals
- Total revenue
- $709,978
- Total expenses
- $645,283
- Contributions and grants received
- $504,944
- Grants paid
- $0
- Program service revenue
- $194,150
- Investment income
- $9,224
- Other revenue
- $1,660
- Total assets, end of year
- $1,262,080
- Total liabilities, end of year
- $637,751
- Net assets or fund balances, end of year
- $624,329
- Program services expenses (Part IX)
- $0
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $457,710
Program services were 0.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1a · Federated campaigns
$0
-
1b · Membership dues
$504,944
-
1c · Fundraising events
$0
-
1d · Related organizations
$0
-
1e · Government grants (contributions)
$0
-
1f · All other contributions, gifts and grants
$0
-
1g · Noncash contributions included above
$0
-
2a · Program service revenue: REGISTRATION FEES
total $194,150 · related or exempt $194,150 · unrelated business $0 · excluded $0
-
2f · All other program service revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
3 · Investment income
total $9,224 · related or exempt $0 · unrelated business $0 · excluded $9,224
-
4 · Income from investment of tax-exempt bond proceeds
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
5 · Royalties
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
6c · Rental income or loss
real property $0 · personal property $0
-
7c · Gain or loss
securities $0 · other assets $0
-
8a · Fundraising events: contributions included on line 1c
$0
-
11d · All other revenue
total $1,660 · related or exempt $1,660 · unrelated business $0 · excluded $0
-
11e · Other revenue, total
$1,660
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $312,800
-
7 · Other salaries and wages
total $75,687
-
8 · Pension plan contributions
total $25,817
-
9 · Other employee benefits
total $859
-
10 · Payroll taxes
total $25,688
-
11b · Fees: legal
total $22,500
-
11c · Fees: accounting
total $13,672
-
11g · Fees: other
total $7,827
-
13 · Office expenses
total $16,776
-
14 · Information technology
total $6,687
-
17 · Travel
total $33,009
-
19 · Conferences, conventions and meetings
total $101,766
-
23 · Insurance
total $2,195
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $502,265 · end of year $399,407
-
2 · Savings and temporary cash investments
beginning of year $993 · end of year $993
-
4 · Accounts receivable
beginning of year $288,865 · end of year $309,843
-
9 · Prepaid expenses and deferred charges
beginning of year $4,994 · end of year $29,898
-
11 · Investments: publicly traded securities
beginning of year $312,715 · end of year $521,939
-
17 · Accounts payable and accrued expenses
beginning of year $4,523 · end of year $22,427
-
19 · Deferred revenue
beginning of year $545,675 · end of year $615,324
-
27 · Net assets without donor restrictions
beginning of year $559,634 · end of year $624,329
-
28 · Net assets with donor restrictions
beginning of year $0 · end of year $0
Mission and programs · 2022
Mission
CIEBA IS A TRADE ORGANIZATION OF CHIEF INVESTMENT OFFICERS WHO MANAGE AND ADMINISTER CORPORATE RETIREMENT PLAN ASSETS FOR OVER 100 MOSTLY US-BASED COMPANIES, AND MOST MEMBERS ARE FIDUCIARIES OF THEIR RESPECTIVE COMPANIES' PLANS, GOVERNED BY THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974. IN THIS REGARD, CIEBA SPENDS 100% OF ITS TIME ON ACTIVITIES PROMOTING THE COMMON INTERESTS OF MEMBERS, INCLUDING THE FOLLOWING: (A) ORGANIZING AND HOSTING CONFERENCES, SEMINARS, AND MEETINGS FOR ITS MEMBERS, COVERING CURRENT AND EMERGING RETIREMENT INVESTMENT POLICY ISSUES, (B) PROVIDING INPUT TO POLICYMAKERS ON ISSUES AFFECTING THE MANAGEMENT OF RETIREMENT PLAN ASSETS, (C) SUBMITTING AND PUBLISHING TESTIMONY AND POSITION STATEMENTS, AND (D) ENGAGING WITH RELEVANT MEDIA ON CURRENT TOPICS RELATED TO RETIREMENT PLANS AND INVESTMENTS.
Activities or mission (Part I)
CIEBA IS A TRADE ORGANIZATION OF CHIEF INVESTMENT OFFICERS WHO MANAGE AND ADMINISTER CORPORATE RETIREMENT PLAN ASSETS FOR OVER 100 MOSTLY US-BASED COMPANIES, AND MOST MEMBERS ARE FIDUCIARIES OF THEIR RESPECTIVE COMPANIES' PLANS GOVERNED BY THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974. IN THIS REGARD, CIEBA SPENDS 100% OF ITS TIME ON ACTIVITIES PROMOTING THE COMMON INTERESTS OF MEMBERS, INCLUDING THE FOLLOWING: (A) ORGANIZING AND HOSTING CONFERENCES, SEMINARS, AND MEETINGS FOR ITS MEMBERS, COVERING CURRENT AND EMERGING RETIREMENT INVESTMENT POLICY ISSUES, (B) PROVIDING INPUT TO POLICYMAKERS ON ISSUES AFFECTING THE MANAGEMENT OF RETIREMENT PLAN ASSETS, (C) SUBMITTING AND PUBLISHING TESTIMONY AND POSITION STATEMENTS, AND (D) ENGAGING WITH RELEVANT MEDIA ON CURRENT TOPICS RELATED TO RETIREMENT PLANS AND INVESTMENTS.
-
GENERAL PROGRAM - THE GENERAL PROGRAM FOR CIEBA INVOLVES ORGANIZING AND FACILITATING INFORMATION-SHARING AND EDUCATIONAL OPPORTUNITIES FOR MEMBERS AND PROVIDING A FORUM FOR MEMBERS TO EDUCATE RETIREMENT SAVINGS POLICYMAKERS AND THOUGHT LEADERS IN ORDER TO SUPPORT THE EFFECTIVE AND EFFICIENT OPERATION OF ERISA EMPLOYEE BENEFIT PLANS AND PLAN INVESTMENTS. IN THIS REGARD, CIEBA SPENDS ITS GENERAL PROGRAM EFFORTS ON ACTIVITIES PROMOTING THE COMMON INTERESTS OF MEMBERS, INCLUDING THE FOLLOWING: (A) ORGANIZING AND HOSTING CONFERENCES, SEMINARS, AND MEETINGS FOR ITS MEMBERS, COVERING CURRENT AND EMERGING RETIREMENT INVESTMENT POLICY ISSUES, (B) PROVIDING INPUT TO POLICYMAKERS ON ISSUES AFFECTING THE MANAGEMENT OF RETIREMENT PLAN ASSETS, (C) SUBMITTING AND PUBLISHING TESTIMONY AND POSITION STATEMENTS, AND (D) ENGAGING WITH RELEVANT MEDIA ON CURRENT TOPICS RELATED TO RETIREMENT PLANS AND INVESTMENTS.
Expenses $323,085
-
MEETINGS - CIEBA MEETINGS ARE HELD PERIODICALLY DURING THE YEAR, EITHER VIRTUALLY OR IN-PERSON, IN ORDER TO ENABLE MEMBERS TO MEET TO DISCUSS ISSUES, SHARE INFORMATION AND SET PRIORITIES FOR THE ISSUES THAT CIEBA STAFF AND LEADERSHIP WILL BE ENGAGED WITH DURING THE COMING MONTHS.
Expenses $134,625 · Revenue $194,150
As filed on the 2022 return.
Listed in Part VII
-
Dennis SimmonsDENNIS SIMMONS
EXECUTIVE DIRECTOR
- Total calculated
- $337,236
- From this org
- $312,800
- From related orgs
- $0
- Other
- $24,436
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $280,800
- Bonus
- $20,000
- Other
- $12,000
- Deferred
- $24,436
- Nontaxable benefits
- $0
- Filer's total
- $337,236
-
Robert SparlingROBERT SPARLING
CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Neil RoacheNEIL ROACHE
VICE CHAIRMAN
- Total calculated
- $0
- Hours/week
- 1
-
Angela BukANGELA BUK
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Jay VivianJAY VIVIAN
SECRETARY
- Total calculated
- $0
- Hours/week
- 4
-
Ruth BoscoRUTH BOSCO
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Douglas BrownDOUGLAS BROWN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Ernie CaballeroERNIE CABALLERO
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Paul CavazosPAUL CAVAZOS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Robin DiamonteROBIN DIAMONTE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Alayne GattiALAYNE GATTI
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Jon GliddenJON GLIDDEN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Robert HunkelerROBERT HUNKELER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Carol TuschCAROL TUSCH
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 8 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202343139349302924
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