United States Letter Carriers Mutual Benefit Association

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 620476257 ✦ Washington, DC ✦ Designated as a 501(c)(5)

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

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 not tax deductible.

Here 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:

    Jim Yates (Director Of Life Insurance)
  • Compensation: $210,125
  • Related: $0
  • Other: $91,038

    • Fredric V Rolando (President-Nalc (Thru 12/17/22))
  • Compensation: $0
  • Related: $272,984
  • Other: $17,432

    • Brian Renfroe (President Nalc)
  • Compensation: $0
  • Related: $220,990
  • Other: $42,001

    • Lawrence Winfield (Senior Staff)
  • Compensation: $109,426
  • Related: $0
  • Other: $103,573

    • Daniel Gorelik (Senior Staff)
  • Compensation: $124,291
  • Related: $0
  • Other: $32,471

    • Mack I Julion (Trustee (Thru 12/17/22))
  • Compensation: $0
  • Related: $46,798
  • Other: $68,205

    • Sandra Laemmel (Trustee)
  • Compensation: $0
  • Related: $41,129
  • Other: $45,508

    • Lawrence D Brown Jr (Chairman/Trustee)
  • Compensation: $0
  • Related: $42,309
  • Other: $12,125

    • Charles Heege (Trustee)
  • 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?

    The 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.

    Impact

    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.




    Thursday, August 15, 2024

    The United States Letter Carriers Mutual Benefit Association has a significant impact by providing life, annuity, and disability insurance for its members. This fraternal organization offers crucial financial protection to letter carriers and their dependents, ensuring their well-being in times of need. By offering these insurance products, the association plays a vital role in supporting the livelihoods and security of its members, contributing to their overall welfare and peace of mind.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    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
  • 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

    Principal Officer

    James W Yates

    Main Address

    100 INDIANA AVENUE NW Suite 510, WASHINGTON, DC, 200012144

    NTEE Category

    Code: Y40 - Mutual benefit

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