THE FUND MAKES AVAILABLE GROUP INSURANCE AND OTHER WELFARE BENEFITS TO ELIGIBLE PARTICIPANTS AND THEIR BENEFICIARIES THROUGH INSURANCE POLICIES AND OTHER CONTRACTS WITH BENEFIT PROVIDERS.
Executive compensation
Form 990 · Part VII & Schedule J · 4 reported individuals · Filing year 2023
Percentile bands compare each position's total pay with the same role at Mutual & Membership Benefit organizations nationwide.
| Position | Total |
|---|---|
Trustee Board Member Above 90th percentile | $438k $489k |
Trustee Board Member Above 90th percentile | $195k $218k |
Trustee Board Member Above 90th percentile | $152k $169k |
Trustee Board Member 75th to 90th percentile | $72k $80k |
Teal figures restate each filed amount in 2026 dollars.
Estimated with BLS CPI-U for the Northeast region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.
Top pay as a share of expenses
In 2023, the highest total compensation at NJEA MEMBER BENEFIT FUND equaled 68% of the organization's total expenses. The median for mutual & membership benefit organizations is 4%.
Based on 1,353 mutual & membership benefit organizations, each measured at its most recent filing year with reported expenses and compensation.
Up 37%
from 2022
From $319k in 2022 to $438k in 2023.
Estimated with BLS CPI-U for the Northeast region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.
Board Member pay rose 37% from 2022 to 2023, while revenue rose 20%.
Pay for the position itself, not any one person. The officeholder may have changed between 2022 and 2023.
Among peers
Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.
Common questions about NJEA MEMBER BENEFIT FUND
What does the Board Member of NJEA MEMBER BENEFIT FUND earn?
In 2023, the Board Member of NJEA MEMBER BENEFIT FUND received $437,789 in total compensation. This pay is in the top 10% for Board Member roles among Mutual & Membership Benefit organizations nationwide: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.
How does Board Member pay at NJEA MEMBER BENEFIT FUND compare with similar nonprofits?
Compared with the same role at Mutual & Membership Benefit organizations nationwide, the 2023 pay of the Board Member at NJEA MEMBER BENEFIT FUND falls in the top 10%. In 2023, the highest total compensation at NJEA MEMBER BENEFIT FUND equaled 68% of the organization's total expenses. The median for mutual & membership benefit organizations is 4%.
What are NJEA MEMBER BENEFIT FUND's revenue and expenses?
In 2023, NJEA MEMBER BENEFIT FUND reported $541k in total revenue and $645k in total expenses on its IRS Form 990.
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