Gbu Financial Life

Organization Overview

Gbu Financial Life is located in Pittsburgh, PA. The organization was established in 1940. According to its NTEE Classification (Y40) the organization is classified as: Fraternal Societies, under the broad grouping of Mutual & Membership Benefit and related organizations. As of 12/2019, Gbu Financial Life employed 51 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes.

For the year ending 12/2019, Gbu Financial Life generated $620.1m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 11.9% each year . All expenses for the organization totaled $589.6m during the year ending 12/2019. While expenses have increased by 12.5% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2019

Describe the Organization's Mission:

Part 3 - Line 1

LIFE INSURANCE, ANNUITIES, FRATERNAL ACTIVITIES AND OTHER BENEFITS TO MEMBERS OF THE SOCIETY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

LIFE INSURANCE, ANNUITIES, FRATERNAL ACTIVITIES AND OTHER BENEFITS TO MEMBERS OF THE SOCIETY.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Wilson Elser Moskowitz Edelman & Dick
Legal Services
$250,389
Miller & Newberg Inc
Actuarial Services
$162,497
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$471,337,637
Investment income $149,272,386
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $124,222
Net Gain/Loss on Asset Sales -$595,443
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $620,138,802

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