Overview
What is Betterlife?
Betterlife is a fraternal benefit society based in the United States, with a mission to provide both insurance products and services, as well as fraternal programs and benefits for its members. The organization supports its branches through subsidies and incentives, with a focus on community involvement and service projects. These initiatives include scholarship programs, blood donation drives, and support for emergency services, schools, and senior citizens. Betterlife also offers grants for fundraisers and matching funds, family activities, and educational opportunities. Additionally, they provide fraternal benefits like disaster assistance, disease support, and family care programs for members. The society operates under a representative form of government, with members eligible to vote, and is organized into local branches throughout the United States.
Official website here: www.betterlifeins.com
Is Betterlife legitimate?
Betterlife is a legitimate nonprofit organization registered as a 501(c)(8) entity. Betterlife 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: $2,574,190
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,551,708
For more financial information, click here
Official website here: www.betterlifeins.com
What is the mission statement of Betterlife?
Betterlife, as a fraternal benefit society, is committed to offering meaningful programs and benefits to its members, alongside top-notch insurance products and services. Fraternal bonds are fortified among members through charitable, educational, and volunteer initiatives that instill family values and foster community improvement. These programs demonstrate patriotism towards the country and extend assistance to those in need.
Official website here: www.betterlifeins.com
Who is the CEO of Betterlife?
Craig A Van Dyke is the President/Chief Investment Officer of Betterlife. The CEO's salary of Betterlife is $403,696 and their total compensation is $504,219.
Official website here: www.betterlifeins.com
What is the revenue of Betterlife?
Betterlife's revenue in 2022 was $51,179,407.
Official website here: www.betterlifeins.com
Who are the executives of Betterlife and what are their salaries?
The average compensation at Betterlife during 2022 was $44,391. There are 138 employees and 5245 volunteers at Betterlife.
Here are 23 key members and their salaries (Betterlife's CEO's salary is $403,696 and their total compensation is $504,219):
- Compensation: $403,696
- Related: $0
- Other: $100,523
- Compensation: $334,014
- Related: $0
- Other: $84,760
- Compensation: $162,689
- Related: $0
- Other: $65,164
- Compensation: $156,177
- Related: $0
- Other: $65,822
- Compensation: $161,289
- Related: $0
- Other: $33,189
- Compensation: $149,260
- Related: $0
- Other: $34,809
- Compensation: $162,889
- Related: $0
- Other: $13,031
- Compensation: $109,870
- Related: $0
- Other: $24,238
- Compensation: $120,934
- Related: $0
- Other: $11,595
- Compensation: $125,146
- Related: $0
- Other: $436
- Compensation: $116,744
- Related: $0
- Other: $3,239
- Compensation: $44,000
- Related: $0
- Other: $40,000
- Compensation: $62,530
- Related: $0
- Other: $7,723
- Compensation: $62,532
- Related: $0
- Other: $6,152
- Compensation: $54,333
- Related: $0
- Other: $0
- Compensation: $41,333
- Related: $0
- Other: $0
- Compensation: $41,333
- Related: $0
- Other: $0
- Compensation: $41,333
- Related: $0
- Other: $0
- Compensation: $41,333
- Related: $0
- Other: $0
- Compensation: $41,333
- Related: $0
- Other: $0
- Compensation: $41,333
- Related: $0
- Other: $0
- Compensation: $41,333
- Related: $0
- Other: $0
- Compensation: $34,625
- Related: $0
- Other: $0
Official website here: www.betterlifeins.com
Where can I find the form 990 for Betterlife?
Betterlife's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.betterlifeins.com
Learn more at the official website: www.betterlifeins.com
Mission Statement of Betterlife
Betterlife, a Fraternal Benefit Society, is dedicated to enriching the lives of its members through a combination of charitable, educational, and volunteer programs, as well as offering top-notch insurance products and services. This mission goes beyond mere financial security, aiming to foster a sense of community and fellowship among members.
By encouraging family values, Betterlife strives to create a supportive network where members can come together and strengthen their bonds. The organization believes in the power of giving back to society and improving communities, which is why it offers various opportunities for volunteers to make a difference. Moreover, Betterlife expresses its commitment to the country by promoting patriotism and supporting those in need.
The fraternal aspect of Betterlife sets it apart from traditional insurance societies, as it emphasizes the importance of community and mutual assistance. Through its charitable initiatives, members have the chance to make a positive impact on others' lives, creating a sense of fulfillment and unity. Educational programs provide opportunities for personal growth and knowledge expansion, contributing to the overall well-being of members.
Betterlife's mission is multifaceted, focusing not only on the provision of insurance products and services but also on the strengthening of its members through engaging and meaningful fraternal programs. By fostering a sense of belonging and encouraging active participation in community-building efforts, Betterlife offers its members more than just insurance; it provides a sense of purpose and connection.
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Impact
October, 2024
BetterLife has a significant impact on its members and the broader community through various fraternal activities and programs, which are designed to foster community, support, and personal growth.
1. **Community Support**: The organization actively engages its members in local service projects, enhancing community welfare through scholarship programs, blood donation drives, and support for local emergency services. In 2022 alone, BetterLife facilitated the distribution of over $256,000 to support community activities, ensuring that families have access to essential resources like food pantries, school supplies, and literacy programs.
2. **Financial Assistance**: BetterLife provides crucial support during emergencies, enabling members facing dire circumstances due to illness, disasters, or accidents to receive financial assistance through grants and matching funds. In total, $119,283 was raised through community fundraisers, with BetterLife matching substantial contributions to further aid members in need.
3. **Family Engagement**: The organization emphasizes creating strong family bonds by offering various free and subsidized events. These activities promote a sense of togetherness and well-being, welcoming both members and nonmembers.
4. **Educational Opportunities**: BetterLife invests in the future of its members through educational leadership seminars and scholarships. In 2022, they awarded $68,000 in scholarships to young adults committed to community service, encouraging civic involvement and educational advancement.
5. **Patriotic Initiatives**: Through national and local efforts, BetterLife promotes patriotism by honoring military personnel and facilitating events that celebrate American heritage. Such initiatives strengthen community ties and foster a sense of pride among members.
6. **Fraternal Benefits**: Members benefit from non-contractual services that supplement their insurance coverage, including disaster relief, disease benefits, and support for orphaned children. The organization helps ensure continuity of care and financial security for its members during challenging times.
In summary, the impact of BetterLife is multifaceted, focusing on strengthening families, building community resilience, providing educational resources, and honoring patriotic values, all while delivering vital financial support to those in need.
This information is meant to be a general summary of Betterlife. 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.
- Program Service Revenue: $51,179,407
- Gross Receipts: $51,179,407
Assets and Liabilities:
- Total Assets: $622,297,981
- Total Liabilities: $552,282,652
- Net Assets: $70,015,329
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Investment Income
Revenue
$26,425,093
Insurance Premiums
Revenue
$18,897,055
Gains-PostRetirement Benefit Res
Revenue
$1,573,694
Amortization of IMR
Revenue
$1,232,348
Change in Asset Valuation Reserve
Revenue
$1,062,768
Organization Details
Founding Year
1897
Phone
(608) 833-1936Principal Officer
Craig A Van Dyke
Main Address
6522 Grand Teton Plaza, Madison, WI, 53719
Website
www.betterlifeins.comNTEE Category
Code: Y40 - Mutual benefit
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