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
What are the reviews and ratings of this charity?
The American Armed Forces Mutual Aid Association is currently not rated on Charity Navigator. This absence of a rating indicates that the necessary data to evaluate the organization, such as Accountability & Finance or Impact & Measurement beacon scores, is unavailable. Charity Navigator's inability to score this nonprofit is not an indication of its performance or impact, but rather a reflection of data limitations.
Historically, the organization's ratings were based on Accountability and Finance, but with no recent information on revenue, expenses, or key personnel salaries, such assessments could not be made currently. The foundation status reveals that it functions as an independent organization apart from a 501(c)(3) classification.
No user reviews are available on GreatNonprofits, so public feedback is minimal. This limits insights into the organization's direct impact and stakeholder experiences. Thus, while the absence of a rating is notable, it neither reflects positively nor negatively on the American Armed Forces Mutual Aid Association's effectiveness or community engagement.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about American Armed Forces Mutual Aid Association?
90% of 219 reviewers on Facebook recommend the American Armed Forces Mutual Aid Association. Here is a summary of their reviews:
Many supporters highlight AAFMAA's dedication to serving military members, emphasizing a genuine care and concern for their needs. The excellent customer service has been frequently mentioned, with users noting that they felt valued and supported throughout their interactions with the organization.
Overall, the sentiment is overwhelmingly positive, with members appreciating both the services provided and the responsive, friendly nature of the staff. AAFMAA seems to deliver on its promises, providing reliable support to its military clientele.
This AI summary has been generated from reviews found on Facebook.
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.
Heare 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
Official website here: www.aafmaa.com
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:
- Compensation: $340,000
- Related: $0
- Other: $34,377
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- Compensation: $313,000
- Related: $0
- Other: $33,336
- Compensation: $144,700
- Related: $0
- Other: $10,285
- Compensation: $302,972
- Related: $0
- Other: $33,119
- Compensation: $308,900
- Related: $0
- Other: $31,207
- Compensation: $362,773
- Related: $0
- Other: $15,434
- Compensation: $268,781
- Related: $0
- Other: $14,274
- Compensation: $249,966
- Related: $0
- Other: $12,226
- Compensation: $207,672
- Related: $0
- Other: $43,528
- Compensation: $357,152
- Related: $0
- Other: $30,842
- Compensation: $274,500
- Related: $0
- Other: $44,785
- Compensation: $255,500
- Related: $0
- Other: $33,104
- Compensation: $264,428
- Related: $0
- Other: $11,899
- Compensation: $233,529
- Related: $0
- Other: $24,644
- Compensation: $163,472
- Related: $0
- Other: $26,217
- Compensation: $175,700
- Related: $0
- Other: $35,187
- Compensation: $190,769
- Related: $0
- Other: $5,885
- Compensation: $193,750
- Related: $0
- Other: $6,537
- Compensation: $145,934
- Related: $0
- Other: $27,554
- Compensation: $195,127
- Related: $0
- Other: $33,134
- Compensation: $156,127
- Related: $0
- Other: $7,026
- Compensation: $255,897
- Related: $0
- Other: $24,820
- Compensation: $159,000
- Related: $0
- Other: $18,179
Official website here: www.aafmaa.com
Where can I find the form 990 for American Armed Forces Mutual Aid Association?
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.
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Impact
October, 2024
The American Armed Forces Mutual Aid Association significantly impacts the financial security and independence of its members by offering tailored life insurance solutions designed specifically for current and former members of the United States Armed Forces and their families. This financial protection ensures that military families have the necessary support during challenging times.
In addition to life insurance, the organization provides critical assistance in navigating military benefits, which can often be complex and daunting. They offer resources for retirement planning, help with Veterans Administration claims, and secure document storage in both physical and digital formats. This comprehensive support enables military members and their families to access the benefits they deserve, ensuring no one is left in the dark regarding their entitlements.
Moreover, AAFMAA plays a vital role in survivor assistance, guiding the families of deceased military members through the process of obtaining life insurance benefits, social security benefits, VA benefits, and any appropriate entitlements. By streamlining these processes and providing expert guidance, AAFMAA helps to alleviate the financial burden during incredibly difficult times, ultimately promoting resilience and peace of mind within the military community.
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.
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: $65,942,366
- Program Service Revenue: $52,724,290
- Gross Receipts: $388,150,401
Assets and Liabilities:
- Total Assets: $1,304,493,618
- Total Liabilities: $93,022,766
- Net Assets: $1,211,470,852
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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) 707-4600Principal Officer
Michael J Meese
Main Address
102 SHERIDAN AVENUE, FORT MYER, VA, 22211
Website
www.aafmaa.comNTEE Category
Code: Y20 - Mutual benefit
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