Overview
What is Mutual Beneficial Association Inc?
Mutual Beneficial Association Inc is a Pennsylvania-based nonprofit organization, specifically a Fraternal Benefit Society, located in Suite 102, 1301 Lancaster Ave, Berwyn, with a ZIP code of 19312. The organization caters to the transportation industry and their families, offering them benefits and opportunities for social and charitable engagement. As a Fraternal Benefit Society, Mutual Beneficial Association Inc aims to extend assistance to its members and the community at large by providing fraternal activities and charitable contributions. With a team of five dedicated individuals, the organization's mission is to foster a supportive network for transportation industry employees and their families while contributing to the betterment of their community.
Official website here: www.mutualbeneficial.com
What are the reviews and ratings of this charity?
Mutual Beneficial Association Inc is not currently rated by Charity Navigator. The organization does not meet the requirements for evaluation due to its registration status, as it is not a 501(c)(3) IRS-registered nonprofit. This means that traditional evaluation metrics like Accountability & Finance, Impact & Measurement, and Leadership & Adaptability, aren't applied to this organization.
Charity Navigator's inability to rate this nonprofit does not imply negative or positive assessments; rather, it reflects the organization’s classification as independent, non-501(c)(3), which excludes it from standard evaluation procedures. The absence of revenue, expense, and salary data also limits an in-depth financial analysis.
No user reviews are available on GreatNonprofits for Mutual Beneficial Association Inc. As a result, there's no user-generated feedback to provide insights into the organization's community impact or operational effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Mutual Beneficial Association Inc legitimate?
Mutual Beneficial Association Inc is a legitimate nonprofit organization registered as a 501(c)(8) entity. Mutual Beneficial Association Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $529,535
Professional Fundraising Fees: $0
Other Salaries and Wages: $119,284
For more financial information, click here
Official website here: www.mutualbeneficial.com
What is the mission statement of Mutual Beneficial Association Inc?
Mutual Beneficial Association Inc is a Fraternal Benefit Society that focuses on serving the transportation industry and their family members. Its mission extends beyond just providing benefits to its members, as it also aims to contribute to charitable and social activities within the community. By doing so, the organization fosters a sense of unity and mutual support among its members and the general public. The Society's activities are designed to uplift and support those associated with the transportation sector, while also making a positive impact on the local community.
Official website here: www.mutualbeneficial.com
Who is the CEO of Mutual Beneficial Association Inc?
Stephen Santarlasci is the Principal Officer of Mutual Beneficial Association Inc.
Official website here: www.mutualbeneficial.com
What is the revenue of Mutual Beneficial Association Inc?
Mutual Beneficial Association Inc's revenue in 2022 was $20,036,739.
Official website here: www.mutualbeneficial.com
Who are the executives of Mutual Beneficial Association Inc and what are their salaries?
The average compensation at Mutual Beneficial Association Inc during 2022 was $129,764. There are 5 employees and 275 volunteers at Mutual Beneficial Association Inc.
Here are 6 key members and their salaries:
- Compensation: $182,909
- Related: $0
- Other: $0
- Compensation: $175,127
- Related: $0
- Other: $0
- Compensation: $154,499
- Related: $0
- Other: $0
- Compensation: $5,800
- Related: $0
- Other: $0
- Compensation: $5,600
- Related: $0
- Other: $0
- Compensation: $5,600
- Related: $0
- Other: $0
Official website here: www.mutualbeneficial.com
Where can I find the form 990 for Mutual Beneficial Association Inc?
Mutual Beneficial Association Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.mutualbeneficial.com
Learn more at the official website: www.mutualbeneficial.com
Mission Statement of Mutual Beneficial Association Inc
The Mutual Beneficial Association Inc, a Fraternal Benefit Society, is dedicated to serving the transportation industry and their family members. This organization goes beyond providing mere benefits to its members; it also extends its reach to the community through charitable and social activities.
In line with its mission, the Mutual Beneficial Association Inc acts as a support system for the transportation industry and their families. It serves as a fraternal organization, fostering a sense of community and camaraderie among its members. The organization's charitable endeavors aim to bring about positive change in people's lives, both for its members and the general public.
The Mutual Beneficial Association Inc is more than just an organization that offers benefits to its members; it is a place where people come together to make a difference. It fosters a culture of giving and brings people from different walks of life to work towards common goals. Through its various charitable initiatives, the organization touches the lives of many, creating a ripple effect of kindness and generosity.
By providing fraternal and charitable contributions, the Mutual Beneficial Association Inc not only enhances the lives of its members but also extends a helping hand to those in need in the community. Its commitment to making a difference is evident in its daily operations, making it an invaluable asset to the transportation industry and beyond.
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Impact
October, 2024
Mutual Beneficial Association Inc plays a significant role in supporting the transportation industry and its families. By offering a platform for fraternal connections, it fosters a sense of community among members, which can lead to increased camaraderie and support networks. The organization enhances the well-being of its members and their families through various programs and initiatives focused on social and charitable activities.
In addition to providing direct benefits to members, the association engages in philanthropic efforts that contribute positively to the broader community in Berwyn, PA. This commitment to charitable contributions underscores its mission of enhancing the lives of those within the transportation sector, promoting solidarity and mutual aid.
The activities organized by Mutual Beneficial Association Inc not only provide essential resources and support for individuals in the transportation industry but also create opportunities for social engagement and community service, ultimately fostering a stronger, more cohesive community. Through its initiatives, the association demonstrates a profound impact not just on its members but also on the communities they serve.
This information is meant to be a general summary of Mutual Beneficial Association Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Program Service Revenue: $20,036,739
- Gross Receipts: $20,036,739
Assets and Liabilities:
- Total Assets: $132,759,628
- Total Liabilities: $129,981,960
- Net Assets: $2,777,668
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Premiums & Annuity Considerations
Revenue
$14,076,046
Gross Investment Income
Revenue
$5,651,702
Reinsurance Expense
Revenue
$11,104
Interest Maintenance Reserve
Revenue
$217,381
Miscellaneous Income
Revenue
$80,506
Organization Details
Founding Year
1913
Phone
(610) 722-0253Principal Officer
Stephen Santarlasci
Main Address
Suite 102 1301 Lancaster Ave, Berwyn, PA, 193121290
Website
www.mutualbeneficial.comNTEE Category
Code: Y20Z - Mutual benefit
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