Overview
What is Luso-American Financial A Fraternal Benefit Society?
Luso-American Financial is a fraternal benefit society based in Dublin, California, with over 19,000 members. They offer life and annuity products exclusively to the Portuguese-American community, while also fostering a unique organizational structure for fraternal, cultural, charitable, humanitarian, educational, and social activities. The Society, with a team of 12 employees, publishes two annual publications, enhancing the well-being of its policyholders and members, as well as contributing to various local, national, and international communities.
Official website here: www.luso-american.org
What are the reviews and ratings of this charity?
Luso-American Financial A Fraternal Benefit Society is not currently rated by Charity Navigator due to its status as a non-501(c)(3) organization. Charity Navigator typically requires this designation to assess nonprofits through various beacon scores like Accountability & Finance, Impact & Measurement, and more. Thus, the absence of a rating does not inherently carry positive or negative implications but highlights the criteria for their assessment mechanisms.
While historic data might be available for organizations of a similar nature, Luso-American Financial lacks the necessary financial and operational data to be evaluated under typical Charity Navigator metrics. The IRS classifies it as an organization that doesn't fall under the usual tax-exempt charity category, which restricts its eligibility for certain evaluations like Leadership & Adaptability or Culture & Community.
No user reviews for Luso-American Financial are available on GreatNonprofits, implying a lack of direct public feedback. This absence makes it challenging to draw conclusions about public sentiment or experiences with the organization.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Luso-American Financial A Fraternal Benefit Society?
There are currently two reviews available for the Luso-American Financial A Fraternal Benefit Society, and while no ratings are established yet, they highlight personal connections and mentorship within the organization. One reviewer specifically commended Mr. Rodrigo Alvernaz, noting his significant contributions to the Luso American Family and describing him as a great mentor over three decades.
This sentiment indicates a strong appreciation for the organization’s commitment to community and personal development. The mention of mentorship suggests that Luso-American Financial plays a vital role in fostering relationships and supporting its members. Overall, the early impressions hint at a positive atmosphere and dedication to service within the nonprofit.
This AI summary has been generated from reviews found on Facebook.
Is Luso-American Financial A Fraternal Benefit Society legitimate?
Luso-American Financial A Fraternal Benefit Society is a legitimate nonprofit organization registered as a 501(c)(8) entity. Luso-American Financial A Fraternal Benefit Society 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: $413,868
Professional Fundraising Fees: $0
Other Salaries and Wages: $311,021
For more financial information, click here
Official website here: www.luso-american.org
What is the mission statement of Luso-American Financial A Fraternal Benefit Society?
Luso-American Financial Fraternal Benefit Society is a organization that caters to over 19,000 members and publishes two publications yearly. The society offers life and annuity products to its members, primarily focusing on the Portuguese-American community. Its mission extends beyond insurance, as it also fosters fraternal, cultural, charitable, humanitarian, educational, and social activities. By doing so, it aims to improve the lives of its policyholders and members, as well as contribute to the betterment of local, national, and international communities.
Official website here: www.luso-american.org
Who is the CEO of Luso-American Financial A Fraternal Benefit Society?
Sue Nichols is the Controller of Luso-American Financial A Fraternal Benefit Society.
Official website here: www.luso-american.org
What is the revenue of Luso-American Financial A Fraternal Benefit Society?
Luso-American Financial A Fraternal Benefit Society's revenue in 2022 was $13,781,778.
Official website here: www.luso-american.org
Who are the executives of Luso-American Financial A Fraternal Benefit Society and what are their salaries?
The average compensation at Luso-American Financial A Fraternal Benefit Society during 2022 was $60,407. There are 12 employees and 2000 volunteers at Luso-American Financial A Fraternal Benefit Society.
Here are 13 key members and their salaries:
- Compensation: $174,890
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- Compensation: $121,841
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- Compensation: $100,985
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- Other: $0
- Compensation: $16,152
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Official website here: www.luso-american.org
Where can I find the form 990 for Luso-American Financial A Fraternal Benefit Society?
Luso-American Financial A Fraternal Benefit Society's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.luso-american.org
Learn more at the official website: www.luso-american.org
Mission Statement of Luso-American Financial A Fraternal Benefit Society
Luso-American Financial, a fraternal benefit society, serves over 19,000 members and publishes two publications annually. Established to cater to the Portuguese-American community, this organization offers life and annuity products to its members. In addition to financial security, Luso-American Financial fosters fraternal, cultural, charitable, humanitarian, educational, and social activities, contributing to the betterment of its policyholders and members. By implementing this unique organizational structure, the society creates opportunities to support various local, national, and international communities.
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Impact
October, 2024
Luso-American Financial A Fraternal Benefit Society significantly impacts the Portuguese-American community by offering tailored financial products and fostering a strong sense of connection among its members. With a membership base exceeding 19,000, the Society not only provides life and annuity products specifically designed for its members' needs but also actively engages in cultural, educational, and social initiatives.
By issuing at least two publications each year, Luso-American Financial keeps its members informed and connected. These publications can serve as a platform for sharing relevant news, resources, and stories that resonate with the Portuguese-American heritage, ultimately strengthening community ties.
The Society’s emphasis on fraternal and charitable activities promotes a collective spirit of support and mutual benefit. Through educational programs and humanitarian efforts, Luso-American Financial helps its members access valuable resources while contributing to local, national, and international communities. This commitment to community welfare and cultural preservation enables the Society to play a crucial role in enhancing the quality of life for its policyholders and their families.
This information is meant to be a general summary of Luso-American Financial A Fraternal Benefit Society. 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: $6,699,925
- Program Service Revenue: $6,666,388
- Gross Receipts: $13,999,649
Assets and Liabilities:
- Total Assets: $139,539,836
- Total Liabilities: $133,755,116
- Net Assets: $5,784,720
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Life Insurance and Annuity Premium
Revenue
$6,666,388
Organization Details
Founding Year
1957
Phone
(925) 828-4884Principal Officer
Sue Nichols
Main Address
7080 Donlon Way Suite 200, Dublin, CA, 94568
Website
www.luso-american.orgNTEE Category
Code: Y40 - Mutual benefit
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