Overview
What is Military Benefit Association?
The Military Benefit Association (MBA) is a nonprofit organization located in Chantilly, Virginia, with approximately 120,000 members. These members primarily consist of armed forces personnel and civilian employees of the US government. The MBA's mission is to promote the welfare of its members and secure their economic interests by providing them with essential insurance services. The organization's cooperative enterprises aim to improve the financial conditions of its members. The MBA employs a team of 24 individuals to accomplish its objectives.
Official website here: www.militarybenefit.org
Is Military Benefit Association legitimate?
Military Benefit Association is a legitimate nonprofit organization registered as a 501(c)(9) entity. Military 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: $713,023
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,353,235
For more financial information, click here
Official website here: www.militarybenefit.org
What is the mission statement of Military Benefit Association?
The Military Benefit Association (MBA) is dedicated to enhancing the well-being of its members, who are primarily armed services personnel and civilian employees of the US government. Its mission encompasses the promotion of members' welfare and the advancement and protection of their economic interests. Through collaborative enterprises, the organization strives to create improved financial conditions for its members, providing insurance coverage for approximately 120,000 individuals.
Official website here: www.militarybenefit.org
Who is the CEO of Military Benefit Association?
Michael Reyna is the President of Military Benefit Association.
Official website here: www.militarybenefit.org
What is the revenue of Military Benefit Association?
Military Benefit Association's revenue in 2022 was $33,634,241.
Official website here: www.militarybenefit.org
Who are the executives of Military Benefit Association and what are their salaries?
The average compensation at Military Benefit Association during 2022 was $86,094. There are 24 employees and 9 volunteers at Military Benefit Association.
Here are 14 key members and their salaries:
- Compensation: $312,101
- Related: $0
- Other: $50,537
- Compensation: $166,909
- Related: $0
- Other: $41,204
- Compensation: $131,336
- Related: $0
- Other: $37,766
- Compensation: $101,014
- Related: $0
- Other: $36,060
- Compensation: $95,726
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.militarybenefit.org
Where can I find the form 990 for Military Benefit Association?
Military Benefit Association's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.militarybenefit.org
Learn more at the official website: www.militarybenefit.org
Mission Statement of Military Benefit Association
Military Benefit Association, or MBA, is a nonprofit organization dedicated to enhancing the well-being of its members, who are primarily armed services personnel and civilian employees of the US government. By promoting their economic interests and providing cooperative enterprises, MBA aims to improve the financial conditions of its approximately 120,000 members.
The core objective of MBA is to safeguard and advance the welfare of its members. This mission is achieved through various means, primarily by offering insurance services. Insurance coverage is a crucial aspect of financial security, and MBA ensures that its members have access to this essential service. By doing so, the organization plays a vital role in providing peace of mind and stability for its members.
MBA's commitment to its members extends beyond insurance services. The organization's mission is to encourage better financial conditions, which it achieves through cooperative enterprises. These enterprises are designed to foster collaboration and mutual support among members, creating a sense of community and shared prosperity. By promoting these enterprises, MBA contributes to the overall well-being of its members and helps them build more secure financial futures.
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Impact
October, 2024
The Military Benefit Association (MBA) significantly impacts the lives of approximately 120,000 members of the armed forces and civilian employees of the U.S. government by providing essential insurance services. By promoting the welfare of its members, the MBA plays a crucial role in safeguarding their economic interests and ensuring better financial conditions through cooperative enterprises.
Members gain access to reliable insurance products designed to meet their unique needs, fostering a sense of security and stability during and after their service. This support not only benefits individuals but also contributes to the overall well-being of military families and communities. The MBA’s commitment to enhancing the financial conditions of its members reflects its mission, reinforcing trust and unity among those who serve the nation.
This information is meant to be a general summary of Military 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: $1,149,468
- Program Service Revenue: $32,393,211
- Gross Receipts: $36,946,019
Assets and Liabilities:
- Total Assets: $29,815,084
- Total Liabilities: $6,975,495
- Net Assets: $22,839,589
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INSURANCE CONTRIBUTIONS
Revenue
$27,942,192
ADMINISTRATIVE INCOME
Revenue
$4,451,019
Organization Details
Founding Year
1956
Phone
(703) 968-6200Principal Officer
Michael Reyna
Main Address
14605 AVION PKWY, CHANTILLY, VA, 20153
Website
www.militarybenefit.orgNTEE Category
Code: Y40 - Mutual benefit
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