For the fiscal year ending June 2022, the Connecticut Education Association (CEA) brought in $21.1 million in total revenues and incurred $19.3 million in total expenses for a net income of $1.8 million. Nearly 90% ($18.7 million) of total revenue came from dues money paid by individual union members, and another $1.7 million came in the form of a reimbursement from the National Education Association (NEA).
A closer look at expenses reveals that 80.4% went to compensation for employees and officers, including benefits, pension accruals, and payroll taxes.
There are 47 officers listed for the union, and 43 employees who earn in excess of $100,000 per year.
The highest paid officer, Executive Director Donald Williams, took home $309,194 in total compensation. At least five other officers received more than $300,000, including Attorney Melanie Kolek ($317,457), Attorney Rebecca Mitchell ($311,102), Director of Finance Janet Streckfus ($306,458), Director Raymond Rossomando ($300,916) and Director Marilyn Mathes ($300,916).
Other major expenses included $866,631 in office expenses, $722,791 in occupancy expenses, and $594,834 in advertising. The CEA shelled out another $415,299 on travel and conferences. It also distributed grants totaling $207,260 to local unions, including 14 grants in excess of $5,000 to local unions, among other expenses.
The Reconciliation of Net Assets (Part XI) reveals the union incurred a net unrealized loss on investments of $3,818,592. Schedule D lists the investments as "financial derivatives" and "closely-held equity interests." Investment management fees totaled $138,024.
The CEA also operates the Connecticut Education Association Political Action Committee (CEA PAC) out of the same location.