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Nonprofiteer
← CONNECTION INC EMPLOYEE BENEFIT TR

Form 990 for tax year 2023

Filed by CONNECTION INC EMPLOYEE BENEFIT TR.

Totals

Total revenue
$6,998,608
Total expenses
$6,915,219
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$6,994,251
Investment income
$4,357
Other revenue
$0
Total assets, end of year
$3,163,070
Total liabilities, end of year
$1,570,883
Net assets or fund balances, end of year
$1,592,187
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
$6,881,871

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.

  • 2a · Program service revenue: CONTRIBUTIONS

    total $6,994,251 · related or exempt $6,994,251

  • 3 · Investment income

    total $4,357 · related or exempt $4,357

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $6,881,871

  • 24a · Other expenses: ADMINISTRATIVE EXPENSES

    total $33,348

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,616,554 · end of year $1,051,662

  • 4 · Accounts receivable

    beginning of year $474,839 · end of year $2,111,408

  • 9 · Prepaid expenses and deferred charges

    beginning of year $240 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,582,835 · end of year $1,570,883

  • 27 · Net assets without donor restrictions

    beginning of year $1,508,798 · end of year $1,592,187

Mission and programs · 2023

Mission

TO FUNCTION AS A FUNDING VEHICLE TO ONE OR MORE BENEFITS PLANS FOR PROVIDING CERTAIN DEATH, MEDICAL, ACCIDENT, RETIREMENT AND OTHER BENEFITS TO ELIGIBLE EMPLOYEES OF THE CONNECTION, INC. AND THE CONNECTION FUND, INC. AND THEIR DEPENDENTS, WHETHER ON AN INSURED OR SELF-INSURED BASIS, AND WHETHER THROUGH GROUP INSURANCE POLICIES, GROUP ANNUITY CONTRACTS OR OTHER INVESTMENT CONTRACTS.

Activities or mission (Part I)

TO ACT AS A FUNDING VEHICLE TO ONE OR MORE BENEFIT PLANS FOR PROVIDING CERTAIN DEATH, MEDICAL, ACCIDENT, RETIREMENT AND OTHER BENEFITS TO ELIGIBLE EMPLOYEES OF THE CONNECTION, INC. AND THE CONNECTION FUND, INC. AND THEIR DEPENDENTS, WHETHER ON AN INSURED OR SELF-INSURED BASIS, AND WHETHER THROUGH GROUP INSURANCE POLICIES, GROUP ANNUITY CONTRACTS OR OTHER INVESTMENT CONTRACTS.

  • TRUST ESTABLISHED AS A FUNDING VEHICLE TO ONE OR MORE BENEFIT PLANS FOR PROVIDING CERTAIN DEATH, MEDICAL, ACCIDENT, RETIREMENT AND OTHER BENEFITS TO ELIGIBLE EMPLOYEES OF THE CONNECTION, INC. AND THE CONNECTION FUND, INC. AND THEIR DEPENDENTS, WHETHER ON AN INSURED OR SELF-INSURED BASIS, AND WHETHER THROUGH GROUP INSURANCE POLICIES, GROUP ANNUITY CONTRACTS OR OTHER INVESTMENT CONTRACTS.

    Expenses $6,881,871 · Revenue $6,998,608

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Lisa Dematteis-Lepore

    TRUSTEE

    Total calculated
    $406,690
    From this org
    $0
    From related orgs
    $406,690
    Other
    $0
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $0 + $384,768 related
    Bonus
    $0
    Other
    $0 + $21,922 related
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $406,690 related

  • Ray Bovich

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Gary Wallace

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Karen Buckley

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Rob Cohn

    TRUSTEE

    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 · Compensation survey or study
  • 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.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
11 November 2024
IRS schema version
2023v5.1
Source object
202433199349309383

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