Modern Woodmen Of America

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 361493430 ✦ Rock island, IL ✦ Designated as a 501(c)(8)

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Overview

What is Modern Woodmen Of America?

Modern Woodmen of America is a life improvement organization based in Rock Island, Illinois. They provide life insurance and coverage for accidents, as well as health insurance to enhance their members' well-being. Beyond insurance, they offer community service programs catering to youth, which include engaging activities and initiatives. Their mission revolves around improving the quality of life for their members.


Official website here: www.modernwoodmen.org

What are the reviews and ratings of this charity?

Modern Woodmen of America is not currently rated by Charity Navigator due to its classification outside the 501(c)(3) category, which normally qualifies organizations for such evaluations. The absence of a rating is not an indicator of the organization’s performance but rather a reflection of its different nonprofit status, which restricts applicable evaluation metrics, typically involving accountability, finance, and operational transparency metrics.

Since Modern Woodmen of America does not fall under the typical evaluation criteria used by Charity Navigator such as Accountability & Finance or Impact & Measurement, detailed financial insights like revenue, expenses, and compensation for key positions remain unavailable. The organization's focus on providing member benefits likely operates under different regulations compared to typical charitable nonprofits, hence not fitting into Charity Navigator's usual assessment frameworks.

There are no user reviews available from GreatNonprofits, so public sentiment and firsthand experiences from members or beneficiaries are not documented in this summary. Without community feedback or structured ratings, the public's insight into the organization's effectiveness and community engagement is more challenging to ascertain through this platform.


This AI summary has been generated from information found on Charity Navigator.

Is Modern Woodmen Of America legitimate?

Modern Woodmen Of America is a legitimate nonprofit organization registered as a 501(c)(8) entity. Modern Woodmen Of America 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: $9,741,479
Professional Fundraising Fees: $0
Other Salaries and Wages: $45,083,157

For more financial information, click here


Official website here: www.modernwoodmen.org

What is the mission statement of Modern Woodmen Of America?

Modern Woodmen of America is a life insurance organization dedicated to enhancing the living experiences of its members. Their mission goes beyond providing insurance coverage for life, accidents, and health; they strive to make a positive impact on their members' lives. Through various programs, they offer support and services that contribute to an improved overall quality of life. The organization's commitment extends beyond insurance, with a focus on community involvement and youth activities.


Official website here: www.modernwoodmen.org

Who is the CEO of Modern Woodmen Of America?

W Kenny Massey is the Principal Officer of Modern Woodmen Of America. The CEO's salary of Modern Woodmen Of America is $2,404,645 and their total compensation is $2,648,540.


Official website here: www.modernwoodmen.org

What is the revenue of Modern Woodmen Of America?

Modern Woodmen Of America's revenue in 2022 was $1,753,210,728.


Official website here: www.modernwoodmen.org

Who are the executives of Modern Woodmen Of America and what are their salaries?

The average compensation at Modern Woodmen Of America during 2022 was $29,877. There are 1835 employees and 278000 volunteers at Modern Woodmen Of America.


Here are 24 key members and their salaries (Modern Woodmen Of America's CEO's salary is $2,404,645 and their total compensation is $2,648,540):


William Kenny Massey (President And Ceo)
  • Compensation: $2,404,645
  • Related: $0
  • Other: $243,895
Jerald J Lyphout (National Secretary And Executive Vice President)
  • Compensation: $1,251,358
  • Related: $0
  • Other: -$1,126,476
Lester L Bohnert (General Counsel)
  • Compensation: $661,611
  • Related: $0
  • Other: -$407,838
Brett M Van (Chief Investment Officer & Treasurer)
  • Compensation: $848,455
  • Related: $0
  • Other: -$991,992
Joseph A Sztapka (Director & Regional Director)
  • Compensation: $591,847
  • Related: $70,053
  • Other: -$628,350
Lori Newberg (Director)
  • Compensation: $129,583
  • Related: $0
  • Other: $0
James E Temperley (Director)
  • Compensation: $115,970
  • Related: $0
  • Other: $0
Sam Kupresin (Director)
  • Compensation: $103,933
  • Related: $0
  • Other: $0
Dave Nuernberger (Director)
  • Compensation: $99,139
  • Related: $0
  • Other: $0
Shea E Doyle (Assistant National Secretary)
  • Compensation: $390,230
  • Related: $0
  • Other: -$413,119
Michael Scott Andrews (Chief Actuary)
  • Compensation: $444,552
  • Related: $0
  • Other: -$975,858
Todd David Swanson (Chief Accounting Officer)
  • Compensation: $481,262
  • Related: $0
  • Other: -$363,984
Jill Lain Weaver (Chief Fraternal Officer)
  • Compensation: $368,026
  • Related: $0
  • Other: -$597,260
Daniel G Depuydt (Chief Human Resources Officer)
  • Compensation: $488,598
  • Related: $0
  • Other: -$15,880
Steven J Ollenburg (Chief Risk Officer)
  • Compensation: $484,886
  • Related: $0
  • Other: -$398,669
Jeffrey N Sowards (Chief Distribution & Marketing Officer)
  • Compensation: $672,372
  • Related: $0
  • Other: -$284,347
Darwin D Larrison (Chief Information Security Officer)
  • Compensation: $278,609
  • Related: $0
  • Other: $2,007
Xin Liu (Chief Financial Actuary)
  • Compensation: $364,833
  • Related: $0
  • Other: -$136,934
Robert Keorkunian (Regional Director)
  • Compensation: $1,026,475
  • Related: $114,920
  • Other: -$276,755
Darren G Fincher (Financial Representative)
  • Compensation: $925,866
  • Related: $1,560
  • Other: $10,943
Daniel L Lawrence (Regional Director)
  • Compensation: $772,207
  • Related: $91,589
  • Other: -$705,354
Jonathon Marsh (Regional Director)
  • Compensation: $739,326
  • Related: $54,080
  • Other: -$262,348
Steven Eaton (Managing Partner)
  • Compensation: $584,941
  • Related: $67,315
  • Other: -$157,252
Darcy Callas (Former Special Projects Coordinator)
  • Compensation: $133,887
  • Related: $0
  • Other: $16,542


Official website here: www.modernwoodmen.org

Where can I find the form 990 for Modern Woodmen Of America?

Modern Woodmen Of America's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.modernwoodmen.org

Learn more at the official website: www.modernwoodmen.org

Mission Statement of Modern Woodmen Of America

Modern Woodmen of America is a life-improving organization dedicated to enhancing the lives of its members. This Midwest-based company offers life insurance programs and benefits that provide financial security and peace of mind. Beyond insurance, Modern Woodmen of America extends its commitment to community development through initiatives for youth.

Throughout its mission, Modern Woodmen of America strives to be more than just an insurance provider. It aims to positively impact the lives of its members by offering a wide range of programs and benefits. These offerings extend beyond monetary protection, providing opportunities for personal growth and community engagement.

Modern Woodmen of America's approach to improving lives is multifaceted. It offers various insurance products, including life, accident, and health insurance, to protect its members from unforeseen circumstances. Moreover, the organization's dedication to the well-being of its members extends beyond the financial realm. It engages in community service programs focused on youth development, fostering a sense of camaraderie and shared purpose among its members.

In summary, Modern Woodmen of America is more than just a life insurance company. It's an organization committed to enhancing the lives of its members through a combination of financial protection and community engagement. By offering a range of insurance products and youth programs, it aims to provide more than just coverage – it strives to make a difference in the lives of the people it serves.

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Impact




October, 2024

Modern Woodmen of America significantly enhances the quality of life for its members through a range of life insurance programs, accident coverage, and health insurance benefits. By providing financial security to families, they help members prepare for the unforeseen challenges of life. Additionally, their community service initiatives focus on youth engagement, promoting positive development through various activities and programs. This commitment not only supports individual members but also strengthens community bonds, fostering a sense of mutual benefit and shared purpose. With its roots in Rock Island, IL, Modern Woodmen of America embodies a mission centered on improving lives and communities.




This information is meant to be a general summary of Modern Woodmen Of America. 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.

Revenue
$1,753,210,728 (2022)
Expenses
$1,635,515,262 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Program Service Revenue: $1,753,210,728
  • Gross Receipts: $1,753,210,728

Assets and Liabilities:

  • Total Assets: $17,138,403,394
  • Total Liabilities: $14,722,367,418
  • Net Assets: $2,416,035,976

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

PREMIUMS & OTHER RECEIPTS

Revenue

$1,105,618,594

GROSS INVESTMENT INCOME

Revenue

$620,472,282

OTHER INCOME

Revenue

$27,030,383

PRINTING INCOME

Revenue

$89,469

Organization Details

Founding Year

1883

Principal Officer

W Kenny Massey

Main Address

1701 1ST AVE, ROCK ISLAND, IL, 612018724

NTEE Category

Code: Y40 - Mutual benefit

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