Overview
What is American Armed Forces Mutual Aid Association?
The American Armed Forces Mutual Aid Association is a nonprofit organization based in Fort Myer, Virginia. Its primary focus is providing life insurance to individuals who qualify under the Internal Revenue Code (IRC) Section 501(C)(23), which includes present or past members of the United States Armed Forces and their families. Additionally, AAFMAA offers assistance with military benefits, retirement planning, Veterans Administration (VA) claim processing, and document storage, both physically and digitally. Survivor assistance is also provided to families of military members to help them claim their life insurance benefits, Social Security benefits, VA benefits, and other entitlements. AAFMAA's mission is to ensure financial security and independence within the American Armed Forces community by offering insurance and other benefits.
Official website here: www.aafmaa.com
Is American Armed Forces Mutual Aid Association legitimate?
American Armed Forces Mutual Aid Association is a legitimate nonprofit organization registered as a 501(c)(23) entity. American Armed Forces 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: $5,054,450
Professional Fundraising Fees: $0
Other Salaries and Wages: $13,082,607
For more financial information, click here
What is the mission statement of American Armed Forces Mutual Aid Association?
The American Armed Forces Mutual Aid Association (AAFMAA) is dedicated to ensuring the financial security and independence of individuals in the United States armed forces community. Through its primary activity, AAFMAA offers life insurance to those who meet the eligibility criteria under IRC Section 501(C)(23), which includes past and present members of the armed forces and their families. In addition to insurance, AAFMAA provides various benefits and assistance such as help with military benefits, retirement planning, Veterans Administration (VA) claim processing, and document storage. Survivor assistance is also extended to families of military members, ensuring they receive their life insurance benefits, Social Security benefits, VA benefits, and all other appropriate entitlements.
Official website here: www.aafmaa.com
Who is the CEO of American Armed Forces Mutual Aid Association?
Michael J Meese is the President of American Armed Forces Mutual Aid Association.
Official website here: www.aafmaa.com
What is the revenue of American Armed Forces Mutual Aid Association?
American Armed Forces Mutual Aid Association's revenue in 2022 was $130,654,860.
Official website here: www.aafmaa.com
Who are the executives of American Armed Forces Mutual Aid Association and what are their salaries?
The average compensation at American Armed Forces Mutual Aid Association during 2022 was $74,029. There are 245 employees at American Armed Forces Mutual Aid Association.
Here are 35 key members and their salaries:
- Carrie L Clark (Evp & Sr Trust Officer, Awmt)
- Stephen C Mannell (President, Awmt)
- Michael J Meese (President) [Trustee/Director]
- Gerald Quinn (Secretary & Coo)
- James J Havener (President, Ams)
- Carlos Perez Jr (Treasurer)
- Robert Greenbaum (Chief Sales & Marketing Officer, Ams)
- Stacey Daniels (Evp & Coo, Ams)
- Daniel J Mclaughlin (Cfo, Awmt)
- Matthew Watson (Commercial Portfolio Mgr, Ams)
- Charles B Betancourt (Coo, Ap)
- Gary N Aiken (Cio, Awmt)
- Debra Castro Moore (Evp And General Counsel, Awmt)
- Kevin A Kincaid (Chief Marketing Officer)
- Steven J Schnippel (Controller, Ap)
- Nira Serpa (Controller)
- Daniel R Tovar (Chief Information Officer)
- Amarish Pathak (Chief Technology Officer, Ams)
- Paul Norman (Chief Financial Officer, Ams)
- Clifton Brown (Vp, Insurance Operations)
- Charles Nutter (Svp, Sales)
- Brittany Benassi (Vp Fin Planning, Awmt)
- Charlene G Wilde (Svp & Assistant Secretary)
- Gen Dennis J Reimer (Chair) [Trustee/Director]
- Ltg John A Dubia (Director/Chair Membership)
- Mg William M Matz (Director/Chair Finance Com)
- Cw3 Robin H Boudiette Jr (Director)
- Mg John G Ferrari (Director)
- Brig Gen Jonathan D George (Director)
- Radm Janice M Hamby (Director)
- Csm George L Horvath Iii (Director)
- Lt Col Robert W Schroder (Director)
- Col Elisabeth J Strines (Director)
- Ltg Guy C Swan (Director)
- Brig Gen David G Reist (Director)
Official website here: www.aafmaa.com
Where can I find the form 990 for American Armed Forces Mutual Aid Association?
The American Armed Forces Mutual Aid Association’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.aafmaa.com
Learn more at the official website: www.aafmaa.com
Mission Statement of American Armed Forces Mutual Aid Association
The American Armed Forces Mutual Aid Association, or AAFMAA, is a mission-driven organization dedicated to ensuring the financial security and independence of members of the American armed forces community. It achieves this goal by offering various insurance and benefit services. AAFMAA primarily focuses on providing life insurance to individuals who qualify under IRC Section 501(C)(23), which includes present or past members of the United States armed forces and their family members.
Beyond life insurance, AAFMAA offers assistance to members with military benefits, retirement planning, Veterans Administration (VA) claim processing, and document storage. The organization also extends survivor assistance to families of military members. This support ensures that surviving family members receive their life insurance benefits, Social Security benefits, VA benefits, and all other entitlements. By offering these comprehensive services, AAFMAA plays a vital role in enhancing the financial well-being of its membership.
Impact
This information is meant to be a general summary of American Armed Forces 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
American Armed Forces Mutual Aid Association's impact can be seen in its dedication to ensuring the financial security and independence of the members of the American Armed Forces community. By offering life insurance to current and former military members, as well as their families, AAFMAA provides a valuable resource for individuals seeking financial protection. Additionally, the organization's assistance with military benefits, retirement planning, VA claim processing, and survivor assistance demonstrates its commitment to supporting service members and their loved ones beyond just insurance coverage. Through these services, AAFMAA plays a crucial role in helping military families navigate the complexities of financial planning and securing their entitled benefits.
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.
PREMIUM REVENUE
Revenue
$52,653,123
MEMBERSHIP FEE FOR SVC
Revenue
$71,167
Organization Details
Founding Year
1879
Phone
(703) 707-4600
Principal Officer
Michael J Meese
Main Address
102 SHERIDAN AVENUE, FORT MYER, VA, 22211
Website
www.aafmaa.com
NTEE Category
Code: Y20 - Mutual benefit
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