Overview
What is National Mutual Benefit?
National Mutual Benefit is a fraternal benefit society based in Wisconsin with branches in Illinois, Minnesota, North Dakota, and South Dakota. The organization supports its members through various programs and initiatives, including subsidies for branches, service projects, fundraisers, family activities, educational opportunities, and patriotic programs. They offer grants and benefits for members in need of financial assistance due to illness, accidents, or disasters. Additionally, they provide scholarships and contests for members. Their mission is to strengthen families and improve communities by offering fraternal programs and high-quality insurance services. The Society also adheres to a representative form of government, where members elect outside members to the national board of directors every four years.
Official website here: www.betterlifeins.com
What are the reviews and ratings of this charity?
National Mutual Benefit is not currently rated by Charity Navigator, largely due to its classification as a non-501(c)(3) entity, which limits the assessment tools available for evaluation. The absence of a rating doesn't imply either a positive or negative evaluation of the organization, but rather highlights a gap in the available data against established rating criteria.
Historically, Charity Navigator focused on Accountability and Finance for their ratings, which suggests that in the past, similar nonprofits might have been evaluated based on their financial health and transparency. However, details on total revenue, expenses, or the salaries of key personnel for National Mutual Benefit are not currently available, leaving external evaluations somewhat incomplete.
The nonprofit does not have any user reviews on GreatNonprofits, meaning that firsthand accounts of its impact or effectiveness are not accessible via this platform. This lack of qualitative feedback means assessing its local or community influence relies primarily on direct engagements or other independent reviews outside these sources.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about National Mutual Benefit?
Although National Mutual Benefit currently has no specific rating yet, there are a few testimonials worth noting. One reviewer shared a positive experience, reflecting on a policy purchased for them as a baby, which they successfully cashed in later. This indicates a level of satisfaction with the long-term benefits of their insurance policies.
While the limited number of reviews prevents a comprehensive overview, this individual’s experience suggests that the organization provides worthwhile services that meet customers' expectations. Overall, the sentiment appears to lean towards a positive perception of the nonprofit’s offerings and financial products.
This AI summary has been generated from reviews found on Facebook.
Is National Mutual Benefit legitimate?
National Mutual Benefit is a legitimate nonprofit organization registered as a 501(c)(8) entity. National Mutual Benefit 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: $1,920,164
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,649,352
For more financial information, click here
Official website here: www.betterlifeins.com
What is the mission statement of National Mutual Benefit?
National Mutual Benefit, as a fraternal benefit society, is committed to offering significant fraternal programs and benefits to its members, alongside top-notch insurance products and services. Through charitable, educational, and volunteer initiatives, the organization fosters a sense of fraternity among members, reinforcing family values and boosting community improvement. Additionally, it encourages patriotism and promotes assistance to those in need, contributing to the overall well-being of its members. The fraternal benefit society's mission encompasses strengthening its members' fraternal bonds and providing them with valuable resources.
Official website here: www.betterlifeins.com
Who is the CEO of National Mutual Benefit?
Daniel L Shinnick is the President/Ceo of National Mutual Benefit. The CEO's salary of National Mutual Benefit is $390,087 and their total compensation is $481,349.
Official website here: www.betterlifeins.com
What is the revenue of National Mutual Benefit?
National Mutual Benefit's revenue in 2020 was $36,708,977.
Official website here: www.betterlifeins.com
Who are the executives of National Mutual Benefit and what are their salaries?
The average compensation at National Mutual Benefit during 2020 was $43,519. There are 105 employees and 3548 volunteers at National Mutual Benefit.
Here are 18 key members and their salaries (National Mutual Benefit's CEO's salary is $390,087 and their total compensation is $481,349):
- Compensation: $390,087
- Related: $0
- Other: $91,262
- Compensation: $257,491
- Related: $0
- Other: $60,208
- Compensation: $176,904
- Related: $0
- Other: $45,097
- Compensation: $135,267
- Related: $0
- Other: $76,710
- Compensation: $138,211
- Related: $0
- Other: $26,650
- Compensation: $114,291
- Related: $0
- Other: $23,375
- Compensation: $111,993
- Related: $0
- Other: $8,959
- Compensation: $101,008
- Related: $0
- Other: $11,332
- Compensation: $96,275
- Related: $0
- Other: $12,236
- Compensation: $95,532
- Related: $0
- Other: $8,576
- Compensation: $49,453
- Related: $0
- Other: $43,940
- Compensation: $44,978
- Related: $0
- Other: $12,597
- Compensation: $48,928
- Related: $0
- Other: $0
- Compensation: $48,403
- Related: $0
- Other: $0
- Compensation: $48,140
- Related: $0
- Other: $0
- Compensation: $34,625
- Related: $0
- Other: $0
- Compensation: $20,985
- Related: $0
- Other: $1,679
- Compensation: $1,923
- Related: $0
- Other: $0
Official website here: www.betterlifeins.com
Where can I find the form 990 for National Mutual Benefit?
National Mutual Benefit's most recent form 990 was submitted in 2020 and can be accessed here.
Official website here: www.betterlifeins.com
Learn more at the official website: www.betterlifeins.com
Mission Statement of National Mutual Benefit
National Mutual Benefit, as a fraternal benefit society, is dedicated to enriching the lives of its members through a variety of charitable, educational, and volunteer programs. This organization goes beyond offering insurance products and services; it fosters a sense of community and camaraderie among its members. Its mission is twofold: providing high-quality insurance solutions and strengthening members' fraternal bonds.
By engaging in charitable initiatives, National Mutual Benefit helps its members give back to the community. These programs promote family values and encourage members to make a positive impact on those in need. Furthermore, the society offers educational opportunities, enabling members to develop new skills and broaden their horizons.
Volunteer programs are another essential aspect of National Mutual Benefit's mission. Members are encouraged to participate in various projects designed to improve local communities and support patriotism. These experiences foster a strong sense of belonging and solidarity among members. By engaging in these fraternal activities, National Mutual Benefit not only strengthens its members' connections to one another but also contributes to the greater good. National Mutual Benefit is more than just an insurance provider; it is a vibrant community of individuals dedicated to making a difference in the world around them.
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Impact
October, 2024
National Mutual Benefit significantly impacts its members and their communities through a variety of fraternal programs and insurance products. By facilitating community-oriented activities, the organization nurtures a sense of belonging and support among its members. In 2020 alone, it provided funding for over 183 events, mobilizing thousands of volunteer hours that contributed to essential local services such as food pantries, scholarship programs, and safety initiatives.
The Community Benefit program illustrates this commitment, as it allocates grants to local branches for service projects aimed at addressing basic needs in their areas. This direct involvement helps improve community welfare and strengthens family values through various initiatives, including educational support and volunteer opportunities.
Additionally, National Mutual Benefit's Fundraiser and Matching Funds programs enable branches to assist members in financial distress due to unforeseen circumstances. On an annual basis, grants are provided to branches, which then match funds raised for individuals in need, demonstrating a robust system of mutual aid and support.
Family-oriented events foster positive relationships and create shared experiences, encouraging holistic family engagement. Moreover, educational leadership seminars offer members training to enhance their outreach efforts, ensuring that the societal benefits continue to thrive.
National Mutual Benefit also emphasizes patriotism through activities such as Flag Day observances and support for active troops and veterans, instilling a sense of national pride and responsibility among its members.
In summary, the organization’s multifaceted approach to building community, providing educational opportunities, and supporting its members financially and socially demonstrates a profound commitment to enhancing the lives of individuals and their communities, while fostering a cooperative spirit among its membership.
This information is meant to be a general summary of National Mutual Benefit. 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 2020.
- Program Service Revenue: $36,708,977
- Gross Receipts: $36,708,977
Assets and Liabilities:
- Total Assets: $0
- Total Liabilities: $0
- Net Assets: $0
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Insurance Premiums
Revenue
$17,388,156
Investment Income
Revenue
$15,170,377
Change in Non-Admitted Assets
Revenue
$2,145,472
Realized Capital Gains
Revenue
$915,843
Amortization of IMR
Revenue
$310,374
Organization Details
Founding Year
1916
Phone
(608) 833-1936Principal Officer
Daniel L Shinnick
Main Address
6522 Grand Teton Plaza, Madison, WI, 537192912
Website
www.betterlifeins.comNTEE Category
Code: Y40 - Mutual benefit
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