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
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 not tax deductible.
Here 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
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 3,548 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):
- Daniel L Shinnick (President/Ceo) [Trustee/Director]
- Steven G Reindl (Svp-Finance/Secretary/Treasurer)
- Jared M Bruley (Svp-Member Acquisition)
- Anne D Rogers (Vice President - Fraternal)
- Eric D Garland (Gm-Independent Agencies)
- Jenna M Dunker (Svp-Market Development)
- Brian M Passehl (Sales Director)
- Michelle M Maffet (Vp-Member Services)
- George F Yanna (Former Director)
- Nicolas O Mccullick (Vp-Change Champions)
- John T Mchugh Jr (Independent Director)
- Ellie H Roekle (Vp-Human Resources)
- Maureen A O'Hern Hahn (Independent Director)
- Nancy Nelson Heykes (Independent Director)
- Thomas R Johnson (Independent Director)
- John E Rashke (Former Director)
- Angel L Thomas (Svp-Member Experience)
- Susan Sachatello (Vp-Member Engagement)
Official website here: www.betterlifeins.com
Where can I find the form 990 for National Mutual Benefit?
The 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.
Impact
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.
Thursday, August 15, 2024
National Mutual Benefit's impact is significant in strengthening its members through charitable, educational, and volunteer programs, promoting family values, improving communities, supporting patriotism, and assisting those in need. Through various activities and initiatives, such as providing financial support to branches, organizing community service projects, offering educational leadership opportunities, and promoting patriotic programs, National Mutual Benefit positively contributes to the well-being of its members and the broader society. Additionally, the Society's fraternal benefit program further enhances the support and assistance available to members, reinforcing its commitment to fostering a strong sense of community and mutual benefit among its members.
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.
- Assets and Liabilities:
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) 833-1936
Principal Officer
Daniel L Shinnick
Main Address
6522 Grand Teton Plaza, Madison, WI, 537192912
Website
www.betterlifeins.com
NTEE Category
Code: Y40 - Mutual benefit
If you are a representative of National Mutual Benefit 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.