Overview
What is William Penn Association?
The William Penn Association is a nonprofit organization located at 709 Brighton Road, Pittsburgh, PA 15233. With a workforce of 29 employees, they specialize in providing life insurance, annuities, and other fraternal benefits to their members. Their mission is centered around offering these services to ensure financial security and peace of mind for individuals associated with the association. The organization boasts an impressive presence, with over 25,000 certificates in force and a sizable amount of life insurance in force, totaling $338.5 million.
Official website here: www.wpalife.org
What are the reviews and ratings of this charity?
The William Penn Association is not currently rated by Charity Navigator due to its classification outside the 501(c)(3) IRS registered nonprofit, which makes it ineligible for the standard rating methodologies like Accountability & Finance or Impact & Measurement. The absence of a rating doesn't imply a positive or negative standing for the organization. Historically, Charity Navigator ratings that applied focused on aspects similar to today's Accountability and Finance criteria, but recent evaluations have expanded beyond those elements.
Key organizational information, such as total revenue and expenses, and salary of key personnel, is not available due to the organization’s classification and the nature of accessible data. This lack of financial visibility may pose a challenge for prospective donors looking to gauge financial stewardship and transparency directly through Charity Navigator’s metrics.
There are no user reviews available from GreatNonprofits at this time, leaving public sentiment unrepresented in third-party platforms. Consequently, potential supporters are encouraged to seek additional sources of information to form a comprehensive view of the William Penn Association’s impact and operations.
This AI summary has been generated from information found on Charity Navigator.
Is William Penn Association legitimate?
William Penn Association is a legitimate nonprofit organization registered as a 501(c)(8) entity. William Penn Association 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: $965,801
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,075,068
For more financial information, click here
Official website here: www.wpalife.org
What is the mission statement of William Penn Association?
The William Penn Association is a fraternal organization dedicated to offering life insurance, annuities, and various other benefits to its members. The primary focus of this association is to provide financial security and peace of mind through these offerings. As of present, there are over 25,000 certificates in force, with a significant amount of life insurance in force totaling approximately $338.5 million. This organization serves as a safety net for its members, ensuring they are protected during uncertain times. The benefits provided not only include monetary assistance but also serve as a source of comfort and support for its members.
Official website here: www.wpalife.org
Who is the CEO of William Penn Association?
Diane M Torma is the National President of William Penn Association.
Official website here: www.wpalife.org
What is the revenue of William Penn Association?
William Penn Association's revenue in 2022 was $62,424,909.
Official website here: www.wpalife.org
Who are the executives of William Penn Association and what are their salaries?
The average compensation at William Penn Association during 2022 was $70,375. There are 29 employees at William Penn Association.
Here are 13 key members and their salaries:
- Compensation: $222,407
- Related: $0
- Other: $30,951
- Compensation: $17,356
- Related: $0
- Other: $3,863
- Compensation: $18,438
- Related: $0
- Other: $6,734
- Compensation: $27,906
- Related: $0
- Other: $8,504
- Compensation: $22,618
- Related: $0
- Other: $8,696
- Compensation: $24,577
- Related: $0
- Other: $8,504
- Compensation: $23,034
- Related: $0
- Other: $7,564
- Compensation: $19,682
- Related: $0
- Other: $7,916
- Compensation: $27,475
- Related: $0
- Other: $7,720
- Compensation: $153,027
- Related: $0
- Other: $19,708
- Compensation: $133,465
- Related: $0
- Other: $11,273
- Compensation: $133,383
- Related: $0
- Other: $21,000
- Compensation: $131,426
- Related: $0
- Other: $37,038
Official website here: www.wpalife.org
Where can I find the form 990 for William Penn Association?
William Penn Association's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.wpalife.org
Learn more at the official website: www.wpalife.org
Mission Statement of William Penn Association
The William Penn Association is a nonprofit organization committed to offering life insurance, annuities, and other fraternal benefits to its members. Established with a mission to provide essential financial security, the Association has issued over 25,610 certificates in force and manages a substantial $338,510,612 of life insurance coverage on behalf of its members. The organization's primary goal is to ensure the financial well-being of its members by providing them with comprehensive insurance solutions and fraternal benefits. These benefits extend beyond mere financial protection, aiming to foster a sense of community and support among its members.
Founded on the belief that financial stability is vital for individuals and their families, the William Penn Association has dedicated itself to providing reliable insurance coverage and additional fraternal benefits to its members. Through its range of offerings, the organization aims to help members plan for their future and weather the uncertainties of life with confidence. The Association's commitment to its members is evident in its impressive portfolio of over 25,000 active insurance policies. By offering various insurance products, the William Penn Association ensures that its members have access to the coverage they need to protect their loved ones and secure their financial future.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
The William Penn Association significantly impacts its members by offering life insurance, annuities, and various fraternal benefits, fostering a sense of community and security. With over 25,610 certificates in force and $338,510,612 of life insurance coverage, the organization provides essential financial protection and stability to individuals and families. This support helps members navigate life's uncertainties, ensuring they have access to necessary resources during challenging times. Through these offerings, the William Penn Association promotes mutual benefit and solidarity within its community, enhancing the quality of life for its members in Pittsburgh and beyond.
This information is meant to be a general summary of William Penn Association. 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.
- Investment Income: $27,333,754
- Program Service Revenue: $34,990,041
- Gross Receipts: $72,042,500
Assets and Liabilities:
- Total Assets: $569,411,329
- Total Liabilities: $521,932,607
- Net Assets: $47,478,722
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PREMIUMS AND ANNUITY INCOME
Revenue
$34,812,613
AMORTIZATION OF IMR
Revenue
$177,428
Organization Details
Founding Year
1886
Phone
(412) 231-2979Principal Officer
Diane M Torma
Main Address
709 BRIGHTON ROAD, PITTSBURGH, PA, 152331821
Website
www.wpalife.orgNTEE Category
Code: Y40 - Mutual benefit
If you are a representative of William Penn Association and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.