Overview
What is United States Letter Carriers Mutual Benefit Association?
The United States Letter Carriers Mutual Benefit Association is a part of the National Association of Letter Carriers, functioning as its insurance department. This fraternal organization offers life, annuity, and disability insurance to its members and their dependents. The Mutual Benefit Association is dedicated to providing essential insurance products, ensuring financial security for letter carriers and their families.
Official website here: www.nalc.org/depart/mba
What are the reviews and ratings of this charity?
The United States Letter Carriers Mutual Benefit Association is not currently rated by Charity Navigator due to its non-501(c)(3) status, which makes it ineligible for evaluation across several methodologies such as Accountability & Finance, Impact & Measurement, Culture & Community, and Leadership & Adaptability. This absence of a rating offers no positive or negative judgment regarding the organization's performance or impact.
Charity Navigator requires either an Accountability & Finance beacon or an Impact & Measurement beacon for eligibility. The organization has not filed electronically for at least a year within the past six years, leading to unavailability of critical financial data including total revenue, expenses, and the salaries of key persons. It remains part of a central type organization grouping but does not fit within the scope of Charity Navigator's current evaluation framework.
With no user reviews present on GreatNonprofits, the public perception and firsthand accounts of the organization’s impact, effectiveness, and community engagement remain unknown. Consequently, while the lack of specific evaluations does not imply any deficiencies, vital insights into the organization's functionality and its service to stakeholders cannot be determined from these existing resources.
This AI summary has been generated from information found on Charity Navigator.
Is United States Letter Carriers Mutual Benefit Association legitimate?
United States Letter Carriers Mutual Benefit Association is a legitimate nonprofit organization registered as a 501(c)(5) entity. United States Letter Carriers 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: $275,922
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,073,640
For more financial information, click here
Official website here: www.nalc.org/depart/mba
What is the mission statement of United States Letter Carriers Mutual Benefit Association?
The United States Letter Carriers Mutual Benefit Association functions as the insurance provider for the National Association of Letter Carriers. This fraternal organization offers life, annuity, and disability insurance to its members and their dependents. Through the Mutual Benefit Association, the National Association of Letter Carriers ensures the financial security of its members by providing essential insurance products. This non-profit organization prioritizes the well-being and peace of mind of its members by offering comprehensive insurance coverage.
Official website here: www.nalc.org/depart/mba
Who is the CEO of United States Letter Carriers Mutual Benefit Association?
James W Yates is the Director Of Life Insurance of United States Letter Carriers Mutual Benefit Association.
Official website here: www.nalc.org/depart/mba
What is the revenue of United States Letter Carriers Mutual Benefit Association?
United States Letter Carriers Mutual Benefit Association's revenue in 2022 was $30,807,068.
Official website here: www.nalc.org/depart/mba
Who are the executives of United States Letter Carriers Mutual Benefit Association and what are their salaries?
The average compensation at United States Letter Carriers Mutual Benefit Association during 2022 was $79,386. There are 17 employees at United States Letter Carriers Mutual Benefit Association.
Here are 9 key members and their salaries:
- Compensation: $210,125
- Related: $0
- Other: $91,038
- Compensation: $0
- Related: $272,984
- Other: $17,432
- Compensation: $0
- Related: $220,990
- Other: $42,001
- Compensation: $109,426
- Related: $0
- Other: $103,573
- Compensation: $124,291
- Related: $0
- Other: $32,471
- Compensation: $0
- Related: $46,798
- Other: $68,205
- Compensation: $0
- Related: $41,129
- Other: $45,508
- Compensation: $0
- Related: $42,309
- Other: $12,125
- Compensation: $0
- Related: $1,784
- Other: $0
Official website here: www.nalc.org/depart/mba
Where can I find the form 990 for United States Letter Carriers Mutual Benefit Association?
United States Letter Carriers Mutual Benefit Association's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.nalc.org/depart/mba
Learn more at the official website: www.nalc.org/depart/mba
Mission Statement of United States Letter Carriers Mutual Benefit Association
The United States Letter Carriers Mutual Benefit Association, a crucial department of the National Association of Letter Carriers, serves as a fraternal organization that extends its reach beyond postal duties to offer life, annuity, and disability insurance to its members and their dependents. This nonprofit organization is committed to providing essential financial security for its members, ensuring peace of mind in the face of uncertainties.
In operation as a fraternal benefit society, the United States Letter Carriers Mutual Benefit Association fosters a sense of community and solidarity among its members, offering them access to various insurance products tailored to their needs. The organization's mission is to support its members throughout their lives, offering them financial protection and security. By doing so, the United States Letter Carriers Mutual Benefit Association empowers its members to focus on their personal and professional growth, knowing they have a safety net in place.
The insurance offerings of the United States Letter Carriers Mutual Benefit Association extend beyond the basics, encompassing life, annuity, and disability insurance. This trio of services allows members to secure their financial future, safeguarding their loved ones and their own well-being. The organization's commitment to its members goes beyond just providing insurance, as it strives to create a strong sense of camaraderie and support, making the United States Letter Carriers Mutual Benefit Association an indispensable resource for its members.
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Impact
October, 2024
The United States Letter Carriers Mutual Benefit Association provides crucial financial support and security to its members through its life, annuity, and disability insurance offerings. By serving as a fraternal organization, it fosters a sense of community among members and their families, ensuring that they have access to essential insurance products designed to protect against unforeseen circumstances. This impact extends beyond the individual level, as it contributes to the overall well-being and stability of the postal worker community. Moreover, by offering these benefits, the Association strengthens the bonds among its members, promoting solidarity and mutual assistance in times of need.
This information is meant to be a general summary of United States Letter Carriers 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: $10,857,341
- Program Service Revenue: $19,949,727
- Gross Receipts: $35,895,915
Assets and Liabilities:
- Total Assets: $265,140,459
- Total Liabilities: $225,907,797
- Net Assets: $39,232,662
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PREMIUMS
Revenue
$10,889,930
SUPPLEMENTARY CONTRACTS
Revenue
$8,886,359
INTEREST INCOME ON POLICY LOANS
Revenue
$173,438
Organization Details
Founding Year
1891
Phone
(202) 638-4318Principal Officer
James W Yates
Main Address
100 INDIANA AVENUE NW Suite 510, WASHINGTON, DC, 200012144
Website
www.nalc.org/depart/mbaNTEE Category
Code: Y40 - Mutual benefit
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