Civic Intelligence

Web Network of Benefits Professionals

990 • Fiscal year 2017 • EIN 52-1360024

Jul 01, 2016 to Jun 30, 2017 • Filed on Sep 07, 2017

11520 North Central ExpwyDallas, TX 75243

(888) 795-6862

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

56th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Liabilities / Revenue

56th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Net Margin

22nd percentile

-11%

Higher net margin than 22% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Asset Growth

29th percentile

-9.4%

Faster asset growth than 29% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

16th percentile

-31%

Faster revenue growth than 16% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Assets

Down

$270,894

Down $28,196 (-9.4%) from 2016

Net Assets

Down

$270,894

Down $28,196 (-9.4%) from 2016

Liabilities

Flat

$0

Flat from 2016

Revenue

Down

$253,810

Down $114,610 (-31%) from 2016

Expenses

Down

$282,006

Down $93,486 (-25%) from 2016

Net Income

Down

-$28,196

Down $21,124 (-299%) from 2016

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$400K$300K$200K$100K$0Assets 2010: $307,055Liabilities 2010: $21,614Net Assets 2010: $285,4412010Assets 2011: $317,362Liabilities 2011: $21,996Net Assets 2011: $295,3662011Assets 2012: $293,506Liabilities 2012: $21,889Net Assets 2012: $271,6172012Assets 2013: $287,514Liabilities 2013: $18,250Net Assets 2013: $269,2642013Assets 2014: $306,639Liabilities 2014: $0Net Assets 2014: $306,6392014Assets 2015: $306,162Liabilities 2015: $0Net Assets 2015: $306,1622015Assets 2016: $299,090Liabilities 2016: $0Net Assets 2016: $299,0902016Assets 2017: $270,894Liabilities 2017: $0Net Assets 2017: $270,8942017Assets 2018: $250,662Liabilities 2018: $0Net Assets 2018: $250,6622018Assets 2019: $239,081Liabilities 2019: $0Net Assets 2019: $239,0812019Assets 2020: $201,388Liabilities 2020: $0Net Assets 2020: $201,3882020Assets 2021: $242,091Liabilities 2021: $0Net Assets 2021: $242,0912021Assets 2022: $246,843Liabilities 2022: $0Net Assets 2022: $246,8432022Assets 2023: $206,593Liabilities 2023: $0Net Assets 2023: $206,5932023Assets 2024: $196,343Liabilities 2024: $0Net Assets 2024: $196,3432024Assets 2025: $124,461Liabilities 2025: $0Net Assets 2025: $124,4612025

Highlighted filing

2017

Assets$270,894
Liabilities$0
Net Assets$270,894

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$600K$400K$200K$0-$200KExpenses 2010: $345,4402010Expenses 2011: $348,2502011Expenses 2012: $466,2522012Revenue 2013: $400,697Expenses 2013: $403,050Net Income 2013: -$2,3532013Revenue 2014: $310,520Expenses 2014: $273,145Net Income 2014: $37,3752014Revenue 2015: $392,222Expenses 2015: $392,699Net Income 2015: -$4772015Revenue 2016: $368,420Expenses 2016: $375,492Net Income 2016: -$7,0722016Revenue 2017: $253,810Expenses 2017: $282,006Net Income 2017: -$28,1962017Revenue 2018: $310,358Expenses 2018: $330,590Net Income 2018: -$20,2322018Revenue 2019: $268,235Expenses 2019: $279,816Net Income 2019: -$11,5812019Revenue 2020: $221,604Expenses 2020: $259,297Net Income 2020: -$37,6932020Revenue 2021: $182,053Expenses 2021: $141,350Net Income 2021: $40,7032021Revenue 2022: $176,566Expenses 2022: $171,814Net Income 2022: $4,7522022Revenue 2023: $131,441Expenses 2023: $171,691Net Income 2023: -$40,2502023Revenue 2024: $126,421Expenses 2024: $136,671Net Income 2024: -$10,2502024Revenue 2025: $96,108Expenses 2025: $167,990Net Income 2025: -$71,8822025

Highlighted filing

2017

Revenue$253,810
Expenses$282,006
Net Income-$28,196
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Sep 7, 2017
Return Version
2016v3.0
Gross Receipts
$253,810
Mission and Program Overview

Mission

To support and promote the education and development of employee benefits professionals from the diverse disciplines through activities such as topical educational meetings and publications.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$235,434$207,206▼ $28,228
Savings and Temporary Cash Investments$63,656$63,688▲ $32
Total Assets$299,090$270,894▼ $28,196
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$299,090$270,894▼ $28,196
Total Net Assets Fund Balance$299,090$270,894▼ $28,196
Total Liabilities and Net Assets / Fund Balance$299,090$270,894▼ $28,196
Compensation and Service Providers

Board Members and Trustees

NameTitle
Corine CorporaPast President
Jason LodenPresident
Adrian FarnonDirector
Craig FosterDirector
Heidi WinzelerDirector
Jeff MillerDirector
Jennifer AllenDirector
Jessica SmithDirector
Julia Ann LoveDirector
Kenneth PetersonDirector
Mark MccoyDirector
Richard ChelkoDirector
Traci MitchellDirector
Travis SartainDirector
Stephanie KatzSecretary
Craig AllebachTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$5,000
Program Service Revenue
$248,794
Investment Income
$16
Other Revenue
$0
All Other Contributions
$5,000
Change in Net Assets
$-28,196
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$282,006
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Conferences and Meetings$181,330--$181,330
Fees for Services Management-$50,398-$50,398
Travel$7,292$7,293-$14,585
Fees for Services Other$14,540--$14,540
Insurance-$2,816-$2,816
Office Expenses-$2,383-$2,383
Advertising$500--$500
Other Expenses$11$12-$23
Total Functional Expenses$215,869$66,137$0$282,006
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Members or stockholder classes and rights Part VI line 6

There are two classes of members in web, regular memberships and corporate memberships. Regular memberships are held by individual members and are nontransferable. There are three types of regular memberships. Individual membership shall be available to individuals who have an interest in employee benefits issues. Associate membership shall be available to individuals who otherwise meet the criteria for individual membership and are full-time students, unemployed, on an unpaid leave of absence, retirees or members of any other special group designated by the national board. Government membership shall be available to individuals who otherwise meet the criteria for individual membership and are employed by a government entity, including but not limited to the united state government, any political subdivision thereof. The national board may establish other types of regular membership from time to time in a nondiscriminatory manner. An employing organization may obtain and hold a corporate membership for its employees who otherwise meet the criteria for regular membership under the terms and conditions set forth from time to time by the national board. The national board may establish other types of corporate membership from time to time in a nondiscriminatory manner.

Member election for additional members Part VI line 7A

The national board shall consist of the duly elected national officers, the vice president(s) at-large and the immediate past president. National officers must be duly elected by a majority (or plurality, if applicable) vote of those chapters voting, except in the ce of a vacancy. In the event of a mid-term vacancy of a national officer (including the mid-term creation of a new national officer position), the vacancy shall be filled by appointment by the immediate past president, subject to ratification by the remaining national officers. Chapter voting will be weighted as follows: each chapter with 99 members or less shall have one vote, each chapter with 100 to 199 members shall have two votes, and each chapter with 200 or more members shall have three votes. For this purpose, chapter membership shall be measured by the number of members appearing on webs membership rolls as of the last day of the calendar month ending on or immediately before the day that a vote is counted during a meeting of the chapters or otherwise provided to the chapters.

Governing body decisions Part VI line 7B

Certain national web matters must be voted upon by the chapters. Webs annual budget and changes to these bylaws must be ratified by a majority vote of those chapters voting after they have been approved by the national board. In addition, national officers must be duly elected by a majority (or plurality, if applicable) vote of those chapters voting, except in the case of a vacancy. In the event of a mid-term vacancy of a national officer (including the mid-term creation of a new national officer position), the vacancy shall be filled by appointment by the immediate past president, subject to ratification by the remaining national officers. Chapter voting will be weighted as follows: each chapter with 99 members or less shall have one vote, each chapter with 100 to 199 members shall have two votes, and each chapter with 200 or more members shall have three votes. For this purpose, chapter membership shall be measured by the number of members appearing on webs membership rolls as of the last day of the calendar month ending on or immediately before the day that a vote is counted during a meeting of the chapters or otherwise provided to the chapters. National matters may be voted upon at in-person meetings or by any other reasonable means. Votes shall be cast by the chapter president or, if the president is not available to vote, by any officer or other representative designated by the chapter. In the events of an in-person meeting, only those chapters represented at the meeting shall have the opportunity to vote. Other ballots shall be provided to each chapter and the chapter president (or other representative) shall be authorized to cast the vote for his or her chapter. The national secretary may prescribe the manner and time for casting votes, but in no event shall the time prescribed exceed 45 days from the date a ballot is sent to the chapters.

Form 990 governing body review Part VI line 11

An independent accounting firm prepares the form 990. The 990 and all required schedules are then reviewed by the organizations treasurer. Any questions or concerns are addressed and any necessary changes are made. The form 990 and all required schedules are then provided to all of the national board members for review prior to filing.

Governing documents etc available to public Part VI line 19

The organizations governing documents and financial statements are maintained on its website for board members and generally are available to member and non-member attendees and the general public upon request. The organization does not have a written conflict of interest policy.

Filing and Contact Details

Filer

Filer Name
Web Network of Benefits Professionals
EIN
52-1360024
Address
11520 NORTH CENTRAL EXPWY, DALLAS, TX 75243
Doing Business As
Worldwide Employee Benefits Ne

Signing Officer

Name
Jason Loden
Title
President
Phone
8887956862
Signed
2017-09-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jason Loden
Formed
1983
Legal Domicile
TX
Voting Board Members
16
Independent Board Members
16
Employees
0
Volunteers
132

Preparer

Firm
Albright Hill & Sumpter PC
Address
105 Saint Marys St Suite 100, Rockwall, TX 75087
Preparer
Jennifer S Hill
Phone
9722705452
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IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01725669
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THERE ARE TWO CLASSES OF MEMBERS IN WEB, REGULAR MEMBERSHIPS AND CORPORATE MEMBERSHIPS. REGULAR MEMBERSHIPS ARE HELD BY INDIVIDUAL MEMBERS AND ARE NONTRANSFERABLE. THERE ARE THREE TYPES OF REGULAR MEMBERSHIPS. INDIVIDUAL MEMBERSHIP SHALL BE AVAILABLE TO INDIVIDUALS WHO HAVE AN INTEREST IN EMPLOYEE BENEFITS ISSUES. ASSOCIATE MEMBERSHIP SHALL BE AVAILABLE TO INDIVIDUALS WHO OTHERWISE MEET THE CRITERIA FOR INDIVIDUAL MEMBERSHIP AND ARE FULL-TIME STUDENTS, UNEMPLOYED, ON AN UNPAID LEAVE OF ABSENCE, RETIREES OR MEMBERS OF ANY OTHER SPECIAL GROUP DESIGNATED BY THE NATIONAL BOARD. GOVERNMENT MEMBERSHIP SHALL BE AVAILABLE TO INDIVIDUALS WHO OTHERWISE MEET THE CRITERIA FOR INDIVIDUAL MEMBERSHIP AND ARE EMPLOYED BY A GOVERNMENT ENTITY, INCLUDING BUT NOT LIMITED TO THE UNITED STATE GOVERNMENT, ANY POLITICAL SUBDIVISION THEREOF. THE NATIONAL BOARD MAY ESTABLISH OTHER TYPES OF REGULAR MEMBERSHIP FROM TIME TO TIME IN A NONDISCRIMINATORY MANNER. AN EMPLOYING ORGANIZATION MAY OBTAIN AND HOLD A CORPORATE MEMBERSHIP FOR ITS EMPLOYEES WHO OTHERWISE MEET THE CRITERIA FOR REGULAR MEMBERSHIP UNDER THE TERMS AND CONDITIONS SET FORTH FROM TIME TO TIME BY THE NATIONAL BOARD. THE NATIONAL BOARD MAY ESTABLISH OTHER TYPES OF CORPORATE MEMBERSHIP FROM TIME TO TIME IN A NONDISCRIMINATORY MANNER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE NATIONAL BOARD SHALL CONSIST OF THE DULY ELECTED NATIONAL OFFICERS, THE VICE PRESIDENT(S) AT-LARGE AND THE IMMEDIATE PAST PRESIDENT. NATIONAL OFFICERS MUST BE DULY ELECTED BY A MAJORITY (OR PLURALITY, IF APPLICABLE) VOTE OF THOSE CHAPTERS VOTING, EXCEPT IN THE CE OF A VACANCY. IN THE EVENT OF A MID-TERM VACANCY OF A NATIONAL OFFICER (INCLUDING THE MID-TERM CREATION OF A NEW NATIONAL OFFICER POSITION), THE VACANCY SHALL BE FILLED BY APPOINTMENT BY THE IMMEDIATE PAST PRESIDENT, SUBJECT TO RATIFICATION BY THE REMAINING NATIONAL OFFICERS. CHAPTER VOTING WILL BE WEIGHTED AS FOLLOWS: EACH CHAPTER WITH 99 MEMBERS OR LESS SHALL HAVE ONE VOTE, EACH CHAPTER WITH 100 TO 199 MEMBERS SHALL HAVE TWO VOTES, AND EACH CHAPTER WITH 200 OR MORE MEMBERS SHALL HAVE THREE VOTES. FOR THIS PURPOSE, CHAPTER MEMBERSHIP SHALL BE MEASURED BY THE NUMBER OF MEMBERS APPEARING ON WEBS MEMBERSHIP ROLLS AS OF THE LAST DAY OF THE CALENDAR MONTH ENDING ON OR IMMEDIATELY BEFORE THE DAY THAT A VOTE IS COUNTED DURING A MEETING OF THE CHAPTERS OR OTHERWISE PROVIDED TO THE CHAPTERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2CERTAIN NATIONAL WEB MATTERS MUST BE VOTED UPON BY THE CHAPTERS. WEBS ANNUAL BUDGET AND CHANGES TO THESE BYLAWS MUST BE RATIFIED BY A MAJORITY VOTE OF THOSE CHAPTERS VOTING AFTER THEY HAVE BEEN APPROVED BY THE NATIONAL BOARD. IN ADDITION, NATIONAL OFFICERS MUST BE DULY ELECTED BY A MAJORITY (OR PLURALITY, IF APPLICABLE) VOTE OF THOSE CHAPTERS VOTING, EXCEPT IN THE CASE OF A VACANCY. IN THE EVENT OF A MID-TERM VACANCY OF A NATIONAL OFFICER (INCLUDING THE MID-TERM CREATION OF A NEW NATIONAL OFFICER POSITION), THE VACANCY SHALL BE FILLED BY APPOINTMENT BY THE IMMEDIATE PAST PRESIDENT, SUBJECT TO RATIFICATION BY THE REMAINING NATIONAL OFFICERS. CHAPTER VOTING WILL BE WEIGHTED AS FOLLOWS: EACH CHAPTER WITH 99 MEMBERS OR LESS SHALL HAVE ONE VOTE, EACH CHAPTER WITH 100 TO 199 MEMBERS SHALL HAVE TWO VOTES, AND EACH CHAPTER WITH 200 OR MORE MEMBERS SHALL HAVE THREE VOTES. FOR THIS PURPOSE, CHAPTER MEMBERSHIP SHALL BE MEASURED BY THE NUMBER OF MEMBERS APPEARING ON WEBS MEMBERSHIP ROLLS AS OF THE LAST DAY OF THE CALENDAR MONTH ENDING ON OR IMMEDIATELY BEFORE THE DAY THAT A VOTE IS COUNTED DURING A MEETING OF THE CHAPTERS OR OTHERWISE PROVIDED TO THE CHAPTERS. NATIONAL MATTERS MAY BE VOTED UPON AT IN-PERSON MEETINGS OR BY ANY OTHER REASONABLE MEANS. VOTES SHALL BE CAST BY THE CHAPTER PRESIDENT OR, IF THE PRESIDENT IS NOT AVAILABLE TO VOTE, BY ANY OFFICER OR OTHER REPRESENTATIVE DESIGNATED BY THE CHAPTER. IN THE EVENTS OF AN IN-PERSON MEETING, ONLY THOSE CHAPTERS REPRESENTED AT THE MEETING SHALL HAVE THE OPPORTUNITY TO VOTE. OTHER BALLOTS SHALL BE PROVIDED TO EACH CHAPTER AND THE CHAPTER PRESIDENT (OR OTHER REPRESENTATIVE) SHALL BE AUTHORIZED TO CAST THE VOTE FOR HIS OR HER CHAPTER. THE NATIONAL SECRETARY MAY PRESCRIBE THE MANNER AND TIME FOR CASTING VOTES, BUT IN NO EVENT SHALL THE TIME PRESCRIBED EXCEED 45 DAYS FROM THE DATE A BALLOT IS SENT TO THE CHAPTERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3AN INDEPENDENT ACCOUNTING FIRM PREPARES THE FORM 990. THE 990 AND ALL REQUIRED SCHEDULES ARE THEN REVIEWED BY THE ORGANIZATIONS TREASURER. ANY QUESTIONS OR CONCERNS ARE ADDRESSED AND ANY NECESSARY CHANGES ARE MADE. THE FORM 990 AND ALL REQUIRED SCHEDULES ARE THEN PROVIDED TO ALL OF THE NATIONAL BOARD MEMBERS FOR REVIEW PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATIONS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE MAINTAINED ON ITS WEBSITE FOR BOARD MEMBERS AND GENERALLY ARE AVAILABLE TO MEMBER AND NON-MEMBER ATTENDEES AND THE GENERAL PUBLIC UPON REQUEST. THE ORGANIZATION DOES NOT HAVE A WRITTEN CONFLICT OF INTEREST POLICY.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Members or stockholder classes and rights Part VI line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Member election for additional members Part VI line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Governing body decisions Part VI line 7b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Governing documents etc available to public Part VI line 19
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.24$0.00$1.24$0.96$1.68$0.72
2024Detailed filing. Detailed filing data is available for this year.$1.96$0.00$1.96$1.26$1.37$0.10
2023Detailed filing. Detailed filing data is available for this year.$2.07$0.00$2.07$1.31$1.72$0.40
2022Detailed filing. Detailed filing data is available for this year.$2.47$0.00$2.47$1.77$1.72$0.05
2021Detailed filing. Detailed filing data is available for this year.$2.42$0.00$2.42$1.82$1.41$0.41
2020Detailed filing. Detailed filing data is available for this year.$2.01$0.00$2.01$2.22$2.59$0.38
2019Detailed filing. Detailed filing data is available for this year.$2.39$0.00$2.39$2.68$2.80$0.12
2018Detailed filing. Detailed filing data is available for this year.$2.51$0.00$2.51$3.10$3.31$0.20
2017Detailed filing. Detailed filing data is available for this year.$2.71$0.00$2.71$2.54$2.82$0.28
2016Detailed filing. Detailed filing data is available for this year.$2.99$0.00$2.99$3.68$3.75$0.07
2015Detailed filing. Detailed filing data is available for this year.$3.06$0.00$3.06$3.92$3.93$0.00
2014Detailed filing. Detailed filing data is available for this year.$3.07$0.00$3.07$3.11$2.73$0.37
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.88$0.18$2.69$4.01$4.03$0.02
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.94$0.22$2.72$4.66
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.17$0.22$2.95$3.48
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.07$0.22$2.85$3.45