Overview
What is Navy Mutual Aid Association?
The Navy Mutual Aid Association is a nonprofit organization devoted to supporting members of the Navy, marines, coast guard, National Oceanic and Atmospheric Administration, public health service, and honorably discharged veterans. Their primary mission is to offer life insurance to these individuals at an affordable cost, and they aim to keep the premiums as close to the actual net cost as possible. Furthermore, they help members of the sea services and other uniformed personnel, along with their families, in accessing federal benefits they may be entitled to. Lastly, the Association provides financial education and advice to uniformed personnel and their families.
Official website here: www.navymutual.org
Is Navy Mutual Aid Association legitimate?
Navy Mutual Aid Association is a legitimate nonprofit organization registered as a 501(c)(23) entity. Navy Mutual Aid 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.
Here are some key statistics you may want to consider:
Executive Compensation: $3,786,989
Professional Fundraising Fees: $0
Other Salaries and Wages: $11,698,926
For more financial information, click here
What is the mission statement of Navy Mutual Aid Association?
The Navy Mutual Aid Association is a non-profit organization committed to providing affordable life insurance to members of the Navy, Marines, Coast Guard, National Oceanic and Atmospheric Administration, Public Health Service, and honorably discharged veterans. Its mission extends beyond insurance, as it also assists these individuals and their families in securing federal benefits they are entitled to and educates them on matters concerning financial security.
Official website here: www.navymutual.org
Who is the CEO of Navy Mutual Aid Association?
Rdml Brian Luther is the President of Navy Mutual Aid Association.
Official website here: www.navymutual.org
What is the revenue of Navy Mutual Aid Association?
Navy Mutual Aid Association's revenue in 2022 was $302,645,360.
Official website here: www.navymutual.org
Who are the executives of Navy Mutual Aid Association and what are their salaries?
The average compensation at Navy Mutual Aid Association during 2022 was $101,881. There are 152 employees and 16 volunteers at Navy Mutual Aid Association.
Here are 30 key members and their salaries:
- Rdml Brian Luther (President) [Trustee/Director]
- James Maltese (Senior Vp, Investments)
- Steven Cooney (Vp, Sales & Underwriting)
- Peter Meyers (Vp, Solutions & Technology)
- Michelle Ramos Domingue (General Counsel)
- Frederick Molen (Director, Actuary)
- Adam Mullins (Chief Financial Officer)
- Lindsay Mcfarland (Vp, Member Services)
- Weihong Li (Actuary)
- Jordan Cohl (Director, Finance & Accounting)
- Daniel Pautler (Manager, Professional Development)
- Ryan Hutchison (Senior New Member Specialist)
- Miranda Dedja (Vp, Human Resources (To 12/2021))
- Vadm Stanley Szemborski (Chair) [Trustee/Director]
- Rdml Frank Thorp Iv (Vice Chair) [Trustee/Director]
- Vadm John Terence Blake (Director)
- Vadm Ted N Branch (Director)
- Eric Candelori (Director)
- Capt Anthony Cooper (Director)
- Christopher Dean Esq (Director)
- Capt Heidi A Fleming (Director)
- Capt Reggie Howard (Director)
- Radm Christine Hunter (Director)
- Capt Catherine Mule (Director)
- Capt Nita Sood (Director)
- Radm Cari B Thomas (Director)
- Vadm Michael Vitale (Director (From 4/2022))
- Lt Gen Robert Walsh (Director)
- Vadm Anthony Winns (Director)
- Sangeeta Jacob (Chief Strategy Officer (To 4/2022))
Official website here: www.navymutual.org
Where can I find the form 990 for Navy Mutual Aid Association?
The Navy Mutual Aid Association’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.navymutual.org
Learn more at the official website: www.navymutual.org
Mission Statement of Navy Mutual Aid Association
Navy Mutual Aid Association, a nonprofit organization, is dedicated to providing members of the Navy, Marines, Coast Guard, National Oceanic and Atmospheric Administration, Public Health Service, and honorably discharged veterans, collectively referred to as the "Sea Services," with life insurance at an affordable cost. The Association goes beyond insurance by assisting these individuals and their families in accessing federal benefits they are entitled to, and offering financial advice and education.
In line with its mission, Navy Mutual Aid Association works tirelessly to help Sea Services members and their families navigate the complex world of financial security. By providing life insurance at near net cost, the organization ensures its members have peace of mind knowing their loved ones are protected. Moreover, the Association's team of experts assists in securing federal benefits, which can be a crucial source of support for those in need.
Beyond insurance and benefits assistance, Navy Mutual Aid Association recognizes the importance of financial education. The organization offers educational resources and advice, empowering uniformed personnel and their families to make informed decisions about their financial future. This comprehensive approach to financial wellbeing makes Navy Mutual Aid Association an invaluable resource for the Sea Services community.
Impact
This information is meant to be a general summary of Navy Mutual Aid Association. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Navy Mutual Aid Association provides crucial support to members of the Navy, Marines, Coast Guard, National Oceanic and Atmospheric Administration, Public Health Service, and honorably discharged veterans. They offer life insurance at as near the actual net cost as possible, help secure federal benefits for those entitled to them, and provide financial security education to uniformed personnel and their families. Their impact is significant in ensuring the well-being and financial security of those who serve our country.
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.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
NET EARNED PREMIUM
Revenue
$67,105,114
ANNUITY CONSIDERATIONS
Revenue
$64,083,901
SURVIVOR INCOME DEPOSITS
Revenue
$647,137
Organization Details
Founding Year
1879
Phone
(800) 628-6011
Principal Officer
Rdml Brian Luther
Main Address
29 CARPENTER RD - HENDERSON HALL, ARLINGTON, VA, 22212
Website
www.navymutual.org
NTEE Category
Code: Y40 - Mutual benefit
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