Overview
What is American Mutual Life Association?
The American Mutual Life Association is a nonprofit organization based in Cleveland, Ohio, with a strong focus on fraternal life insurance. They offer various insurance benefit programs, catering to over 8,000 members and managing over 19,000 policies. Beyond insurance, the association also provides non-qualified and qualified retirement annuities. The organization's mission extends beyond financial protection, as it also supports its members and the communities they reside in through acts of benevolence and volunteerism. Additionally, the association maintains a sick benefit program to assist members with medical expenses. With a team of nine dedicated employees, American Mutual Life Association works diligently to uphold its mission of mutual aid, protection, and security for its members.
Official website here: www.americanmutual.org
Is American Mutual Life Association legitimate?
American Mutual Life Association is a legitimate nonprofit organization registered as a 501(c)(8) entity. American Mutual Life 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: $257,515
Professional Fundraising Fees: $0
Other Salaries and Wages: $176,884
For more financial information, click here
Official website here: www.americanmutual.org
What is the mission statement of American Mutual Life Association?
The American Mutual Life Association aims to offer mutual aid, protection, and financial security to its members through affordable insurance and stable financial products. It also seeks to preserve and strengthen the bond shared by its Slovenian-heritage members, fostering a sense of community. The association supports educational scholarships and fraternal activities for its members, and actively engages in acts of benevolence and volunteerism within the communities it serves.
Official website here: www.americanmutual.org
Who is the CEO of American Mutual Life Association?
Timothy J Percic is the Ceo of American Mutual Life Association. The CEO's salary of American Mutual Life Association is $132,969 and their total compensation is $132,969.
Official website here: www.americanmutual.org
What is the revenue of American Mutual Life Association?
American Mutual Life Association's revenue in 2022 was $3,769,322.
Official website here: www.americanmutual.org
Who are the executives of American Mutual Life Association and what are their salaries?
The average compensation at American Mutual Life Association during 2022 was $48,267. There are 9 employees and 582 volunteers at American Mutual Life Association.
Here are 15 key members and their salaries (American Mutual Life Association's CEO's salary is $132,969 and their total compensation is $132,969):
- Compensation: $132,969
- Related: $0
- Other: $0
- Compensation: $43,550
- Related: $0
- Other: $0
- Compensation: $5,970
- Related: $0
- Other: $0
- Compensation: $3,900
- Related: $0
- Other: $0
- Compensation: $4,025
- Related: $0
- Other: $0
- Compensation: $5,790
- Related: $0
- Other: $0
- Compensation: $4,590
- Related: $0
- Other: $0
- Compensation: $3,695
- Related: $0
- Other: $0
- Compensation: $3,695
- Related: $0
- Other: $0
- Compensation: $3,545
- Related: $0
- Other: $0
- Compensation: $3,300
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $3,420
- Related: $0
- Other: $0
- Compensation: $2,870
- Related: $0
- Other: $0
- Compensation: $36,196
- Related: $0
- Other: $0
Official website here: www.americanmutual.org
Where can I find the form 990 for American Mutual Life Association?
American Mutual Life Association's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.americanmutual.org
Learn more at the official website: www.americanmutual.org
Mission Statement of American Mutual Life Association
The American Mutual Life Association is committed to providing mutual aid, protection, and security for its members. This is achieved through the offering of affordable insurance and stable financial products. Beyond financial support, the organization strives to promote and preserve the common bond shared by its members, which is rooted in the Slovenian language, heritage, and culture. To further enrich the lives of its members, the association sponsors educational scholarships and facilitates fraternal activities. Lastly, American Mutual Life Association demonstrates its commitment to the communities where its members reside by engaging in acts of benevolence and volunteerism.
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Impact
October, 2024
American Mutual Life Association significantly impacts its members and the wider community by providing essential services and support aimed at mutual aid and protection. Through affordable life insurance options and stable financial products, it ensures that over 8,000 members have access to crucial financial security, encompassing more than 19,000 policies.
The association not only focuses on individual member benefits, such as sick assistance programs to help with medical expenses but also emphasizes the importance of cultural preservation, specifically the Slovenian language and heritage. By sponsoring educational scholarships and organizing fraternal activities, it fosters a strong sense of community among its members, promoting shared values and continuity of culture.
Furthermore, the American Mutual Life Association actively engages in acts of benevolence and volunteerism within the communities it serves, enhancing the societal fabric in Cleveland, Ohio, and beyond. This commitment to supporting local initiatives and promoting member welfare demonstrates its deep-rooted dedication to both individual and community well-being.
This information is meant to be a general summary of American Mutual Life 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: $2,196,184
- Program Service Revenue: $1,642,342
- Gross Receipts: $3,769,322
Assets and Liabilities:
- Total Assets: $47,776,403
- Total Liabilities: $35,832,903
- Net Assets: $11,943,500
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Life Insurance Premium
Revenue
$1,631,955
Miscellaneous Income
Revenue
$10,387
Organization Details
Founding Year
1910
Phone
(216) 531-1900Principal Officer
Timothy J Percic
Main Address
19424 S Waterloo Road, Cleveland, OH, 44119
Website
www.americanmutual.orgNTEE Category
Code: Y20 - Mutual benefit
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