Overview
What is Special Agents Mutual Benefit Association?
Special Agents Mutual Benefit Association, based in Rockville, Maryland, is a nonprofit organization with approximately 101,009 members. They sponsor and administer the SAMBA Benefit Plan, focusing on providing group term life, health, disability, accident, dental, and vision benefits to their membership. The organization is committed to ensuring its members have access to these essential coverages in accordance with ERISA (Employee Retirement Income Security Act) and FEHBA (Federal Employees Health Benefits Act). With a workforce of 57 employees, Special Agents Mutual Benefit Association aims to enhance the wellbeing and security of its members through the administered benefits plan.
Official website here: www.sambaplans.com
Is Special Agents Mutual Benefit Association legitimate?
Special Agents Mutual Benefit Association is a legitimate nonprofit organization registered as a 501(c)(9) entity. Special Agents Mutual Benefit 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: $1,348,717
Professional Fundraising Fees: $0
Other Salaries and Wages: $4,671,945
For more financial information, click here
Official website here: www.sambaplans.com
What is the mission statement of Special Agents Mutual Benefit Association?
The Special Agents Mutual Benefit Association is dedicated to sponsoring and administering a benefit plan, referred to as "The Plan," for its membership. This plan, in compliance with ERISA and FEHBA, provides various coverages including health, life, disability, accident, dental, and vision benefits to around 101,009 members. The association's mission is to manage and oversee the implementation of these benefits for its membership.
Official website here: www.sambaplans.com
Who is the CEO of Special Agents Mutual Benefit Association?
Kathryn Diem is the Executive Director of Special Agents Mutual Benefit Association.
Official website here: www.sambaplans.com
What is the revenue of Special Agents Mutual Benefit Association?
Special Agents Mutual Benefit Association's revenue in 2022 was $239,298,096.
Official website here: www.sambaplans.com
Who are the executives of Special Agents Mutual Benefit Association and what are their salaries?
The average compensation at Special Agents Mutual Benefit Association during 2022 was $105,626. There are 57 employees at Special Agents Mutual Benefit Association.
Here are 15 key members and their salaries:
- Compensation: $583,758
- Related: $0
- Other: -$99,300
- Compensation: $236,156
- Related: $0
- Other: $33,495
- Compensation: $195,854
- Related: $0
- Other: $39,806
- Compensation: $205,034
- Related: $0
- Other: $17,649
- Compensation: $170,591
- Related: $0
- Other: $46,490
- Compensation: $240,842
- Related: $0
- Other: -$46,187
- Compensation: $329,089
- Related: $0
- Other: -$146,077
- Compensation: $156,944
- Related: $0
- Other: $6,946
- Compensation: $46,000
- Related: $0
- Other: $0
- Compensation: $3,000
- Related: $0
- Other: $0
- Compensation: $3,000
- Related: $0
- Other: $0
- Compensation: $3,000
- Related: $0
- Other: $0
- Compensation: $3,000
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.sambaplans.com
Where can I find the form 990 for Special Agents Mutual Benefit Association?
Special Agents Mutual Benefit Association's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.sambaplans.com
Learn more at the official website: www.sambaplans.com
Mission Statement of Special Agents Mutual Benefit Association
Special Agents Mutual Benefit Association, or SAMBA, is a nonprofit organization dedicated to sponsoring and administering a comprehensive benefit plan for its approximately 101,009 members. In simpler terms, SAMBA works tirelessly to provide various insurance coverages to its membership base in accordance with ERISA and FEHBA.
The scope of SAMBA's offerings extends to health, group term life, disability, accident, dental, and vision benefits. These coverages are crucial for ensuring the wellbeing of SAMBA's members, providing them with peace of mind and financial security in the face of unforeseen circumstances.
SAMBA plays a vital role in the lives of its members, offering essential benefits that make a significant difference. By sponsoring and administering The Plan, SAMBA ensures that its members have access to a wide range of coverage options designed to protect their health and financial stability. Through its unwavering commitment to its members, SAMBA has become an indispensable resource for those seeking reliable and comprehensive insurance solutions.
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Impact
October, 2024
The Special Agents Mutual Benefit Association significantly enhances the well-being of its members by sponsoring and administering the SAMBA Benefit Plan. This plan provides essential health, life, disability, accident, dental, and vision benefits to approximately 101,009 members, ensuring that they have access to vital services that support their health and financial stability.
By aligning its offerings with the requirements of ERISA and FEHBA, the Association ensures that its members are protected and can navigate potential health and financial challenges with greater ease. The comprehensive nature of the SAMBA Benefit Plan addresses a wide array of needs, fostering a sense of security and community among members. This assistance is particularly impactful for special agents and their families, providing them with robust support in times of need. Overall, the Association's efforts contribute meaningfully to the resilience and quality of life for its members.
This information is meant to be a general summary of Special Agents Mutual Benefit 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: $724,912
- Program Service Revenue: $238,573,184
- Gross Receipts: $362,527,015
Assets and Liabilities:
- Total Assets: $214,009,029
- Total Liabilities: $60,376,768
- Net Assets: $153,632,261
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PREMIUMS
Revenue
$233,401,009
ADMINISTRATION FEES
Revenue
$3,974,241
EXPERIENCE RATING ADJUSTMENT
Revenue
$1,179,367
CARRIER INVESTMENT INCOME
Revenue
$18,567
Organization Details
Founding Year
1976
Phone
(301) 984-1440Principal Officer
Kathryn Diem
Main Address
11301 OLD GEORGETOWN ROAD, ROCKVILLE, MD, 20852
Website
www.sambaplans.comNTEE Category
Code: Y40 - Mutual benefit
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