Certified Employee Benefit Specialists Inc

“The organization has one class of members. All members of the international foundation of employee benefit plans, inc. May be members of the organization. Members may also be those organizations, employees of such organizations and individuals who have acquired or are acquiring the prerequisites of accreditation established by the board of directors.”

“The form 990 is prepared and presented to the entire board of directors. The board of directors has designated the current president as the individual charged with the review and approval of the form 990 filing. The president verbally approves the form 990 filing.”

“Annually, the board of directors must disclose all possible conflict of interests. Any possible conflict of interest are reviewed by the remaining board of directors, who then decide if a conflict exists.”

“The organization does not compensate any officer or director. Instead, the international foundation of employee benefit plans, inc., a related organization identified in schedule r, part ii, compensates the officers and directors of the organization. The compensation for the officers and directors is shown as compensation from a related organization. Questions regarding compensation are answered based on the policies and procedures of this related organization, which is responsible for establishing, authorizing, and paying the compensation for the officers and directors. The related organization reimburses its volunteers who serve on committees, the executive committee and the board of directors. The related organization allows volunteers to receive travel expense payments that do not exceed nonrefundable coach class airfare or in some instances, first class airfare, from their home destination to the meeting site and the related organization also pays hotel expenses for the actual days of meeting attendance by such a volunteer plus one travel day at the beginning and end of the meeting. The related organization also pays those volunteers a per diem allowance for other expenses including meals, cabs and other on-site transportation, tips, etc., in the amount of $115 per day. Any amount paid to a volunteer for which substantiation of the expense is not submitted to the related organization is reported on a form 1099 for the affected volunteer. In addition, the related organization reimburses travel expenses for the spouse of the president (uncompensated volunteer) and president-elect (uncompensated volunteer) in conjunction with attendance at functions where the president and president-elect host official board/committee functions or act in a social capacity. The airfare reimbursement for the traveling spouse in these situations is the actual cost of the airfare, including a first-class seat.”

“The organization provides its governing documents, conflict of interest policy, and financial statements upon request at its headquarters.”

“The audit is scheduled to start in december of 2021.”