Woodmen Of The World Life Insurance Society

Organization Overview

Woodmen Of The World Life Insurance Society, operating under the name Woodmenlife, is located in Omaha, NE. The organization was established in 1941. 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 12/2018, Woodmenlife employed 2,494 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes.

For the year ending 12/2018, Woodmenlife generated $1.0b in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (4.9%) each year. All expenses for the organization totaled $964.5m during the year ending 12/2018. As we would expect to see with falling revenues, expenses have declined by (5.1%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2018

Describe the Organization's Mission:

Part 3 - Line 1

UNITING HARDWORKING AMERICANS TO SECURE THEIR FINANCIAL FUTURE WHILE STRENGTHENING OUR COMMUNITIES AND COUNTRY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

MEMBER BENEFITS: WOODMENLIFE OFFERS A VARIETY OF EXCLUSIVE MEMBER BENEFITS AND DISCOUNTS TO OUR MEMBERS AT NO EXTRA COST, JUST FOR DOING BUSINESS WITH US. SOME OF THE NON-CONTRACTUAL BENEFITS AVAILABLE TO ELIGIBLE WOODMENLIFE MEMBERS INCLUDE: -FIRST RESPONDERS BENEFIT: WOODMENLIFE WILL PAY A 25,000 BENEFIT IF A GOOD-STANDING MEMBER IS KILLED WHILE PERFORMING HIS OR HER DUTIES AS A NON-MILITARY FIRST RESPONDER. FIRST RESPONDERS MAY INCLUDE FIREFIGHTERS, EMT/PARAMEDICS, POLICE OR A PERSON PERFORMING A SUPPORTING ROLE TO SUCH INDIVIDUALS. -ORPHAN'S CARE BENEFIT: WOODMENLIFE OFFERS UP TO 12,000 ANNUALLY FOR THE CARE OF MEMBERS' CHILDREN IF THEY ARE ORPHANED. -NEWBORN BENEFIT: QUALIFIED MEMBERS CAN RECEIVE A 10,000 BENEFIT IF THEIR NEWBORN INFANT DIES BETWEEN THE AGES OF 48 HOURS AND SIX MONTHS. DURING THAT SAME PERIOD, A 10,000 GUARANTEED-ISSUE LIFE INSURANCE CERTIFICATE CAN BE PURCHASED AT STANDARD RATES, REGARDLESS OF THE BABY'S HEALTH. -NATURAL DISASTER BENEFIT: QUALIFIED MEMBERS WHOSE HOMES ARE DAMAGED OR DESTROYED BY NATURAL DISASTERS, SUCH AS HURRICANES, TORNADOES, FLOODS, WILD/FOREST FIRES, OR EARTHQUAKES, MAY BE ELIGIBLE FOR UP TO 1,000 TO HELP WITH HOME REPAIR COSTS. -LIFE'S PERKS: THIS EASY-TO-USE MEMBER DISCOUNT PROGRAM OFFERS SAVINGS ON BRAND-NAME ITEMS FROM MORE THAN 30,000 LOCAL AND NATIONAL RETAILERS. MEMBERS CAN SAVE MONEY ON EVERYDAY ITEMS LIKE CELL PHONES, RESTAURANTS AND WHOLESALE CLUB MEMBERSHIPS, AND ON MAJOR PURCHASES LIKE AUTOMOBILES, HOMES AND FURNITURE. -PRESCRIPTION DRUG SAVINGS CARD: THIS NO-COST PRESCRIPTION DRUG SAVINGS CARD OFFERS MEMBERS THE LOWEST PRICE AVAILABLE ON DRUGS PURCHASED THROUGH THE SCRIPTSAVE NETWORK OF PHARMACIES. -WOODMENLIFE FOCUS FORWARD SCHOLARSHIP: WITH THE WOODMENLIFE FOCUS FORWARD SCHOLARSHIP, NEARLY 1 MILLION IN SCHOLARSHIPS IS AVAILABLE TO THOUSANDS OF HIGH SCHOOL GRADUATES ANNUALLY. SCHOLARSHIPS MAY BE USED AT COLLEGES, UNIVERSITIES AND TRADE SCHOOLS, AND SCHOLARSHIP MONEY CAN BE USED FOR EDUCATION-RELATED EXPENSES, WHICH INCLUDE TUITION, FEES, BOOKS, SUPPLIES AND ROOM AND BOARD. -FAMILY ACTIVITIES AND COMMUNITY EVENTS: FAMILY IS IMPORTANT TO US, AND WE SPONSOR A VARIETY OF FUN, FAMILY-FRIENDLY ACTIVITIES THAT BRING YOUNG AND OLD TOGETHER TO FORM NEW FRIENDSHIPS AND CELEBRATE DIFFERENCES. ALL WOODMENLIFE MEMBERS AND THEIR GUESTS ARE ENCOURAGED TO ATTEND. -COMMUNITY IMPROVEMENT FUNDS: WOODMENLIFE DONATES MONEY TO LOCAL CHAPTERS AND COMMUNITIES THAT SUPPORT OUR SHARED COMMITMENT TO FAMILY, COMMUNITY AND COUNTRY. THESE FUNDS HELP MEMBERS PROVIDE FOR LOCAL NEEDS AND GIVE MEMBERS A VOICE IN DECIDING WHICH CAUSES MATTER MOST TO THEM.


RED BASKET, INC.: REDBASKET.ORG IS A NONPROFIT CROWD-FUNDING WEBSITE DEDICATED TO HELPING INDIVIDUALS RAISE MONEY FOR PERSONAL EMERGENCIES AND COMMUNITY IMPROVEMENT PROJECTS IN A FEE-FREE ENVIRONMENT. REDBASKET.ORG WAS CREATED IN 2012, AND IS AVAILABLE IN ALL 50 STATES. IN 2018, REDBASKET.ORG RAISED OVER 680,000 TO FUND A VARIETY OF PROJECTS. WOODMENLIFE COVERS ALL ADMINISTRATIVE AND OPERATING EXPENSES FOR RED BASKET, ENSURING THAT EVERY DOLLAR DONATED GOES DIRECTLY TO THE PROJECT BEING FUNDED. WOODMENLIFE'S SUPPORT INCLUDES A FULL IN-HOUSE STAFF, SUPPORT STAFF NATIONWIDE, AND MARKETING, COMMUNICATIONS, WEB SERVICES AND ACCOUNTING SERVICES. WOODMENLIFE ALSO COVERS ALL PAYMENT PROCESSING FEES AND BANK SERVICE CHARGES. BECAUSE RED BASKET IS A 501(C)(3), NON-PROFIT, ALL DONATIONS ARE TAX DEDUCTIBLE.


PATRIOTIC PROGRAM: WOODMENLIFE'S PATRIOTIC PROGRAM WAS LAUNCHED MORE THAN 70 YEARS AGO IN SUPPORT OF THE ORGANIZATION'S COMMON BOND FOCUS ON OUR COUNTRY. WOODMENLIFE PROVIDES AMERICAN AND STATE FLAGS TO LOCAL CHAPTERS FOR PRESENTATION TO NONPROFIT CIVIC AND YOUTH GROUPS, SCHOOLS, CHURCHES, AND COMMUNITY CENTERS. SINCE 1947, THE ORGANIZATION HAS DONATED MORE THAN THREE MILLION FLAGS TO WORTHY NON-PROFIT INSTITUTIONS. WOODMENLIFE IS THE SECOND LARGEST PURCHASER OF AMERICAN FLAGS BEHIND THE UNITED STATES GOVERNMENT. AS PART OF THE PATRIOTIC PROGRAM, CHAPTERS ARE ENCOURAGED TO PLAN AND PARTICIPATE IN FLAGS ACROSS AMERICA PROJECTS ON JUNE 14 AND IN HONOR AND REMEMBRANCE CEREMONIES ON SEPTEMBER 11. THEY ALSO PLAN COMMUNITY SERVICE PROJECTS FOR VETERANS DAY, MEMORIAL DAY AND INDEPENDENCE DAY.


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Board, Officers & Key Employees

Name (title)Compensation
Name Not Listed
Board Of Dir
$44,818

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Lidp Consulting Services Inc
Sftwr Develop.
$3,387,168
Business It Source Inc
Laptops
$1,898,147
Sirius Computer Solutions
Computer Mainte
$1,549,552
Emsi
Medical Exam Fe
$1,243,332
Content Critical Solutions Inc
Printing
$1,195,339
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$612,162,731
Investment income $400,798,844
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $6,273,390
Net Gain/Loss on Asset Sales $30,238,057
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,049,679,093

Grants Awarded

Over the last fiscal year, Woodmen Of The World Life Insurance Society has awarded $265,756 in support to 20 organizations.

Grant RecipientAmount

FOOD BANK FOR THE HEARTLAND

Org PageRecipient Profile

Omaha, NE

PURPOSE: GENERAL SUPPORT

$59,888

UNITED WAY OF THE MIDLANDS

Org PageRecipient Profile

Omaha, NE

PURPOSE: GENERAL SUPPORT

$40,150

GREATER OMAHA CHAMBER OF COMMERCE

Org PageRecipient Profile

Omaha, NE

PURPOSE: GENERAL SUPPORT

$25,125

OMAHA SYMPHONY ASSOCIATION

Org PageRecipient Profile

Omaha, NE

PURPOSE: GENERAL SUPPORT

$15,000

OMAHA COMMUNITY PLAYHOUSE

Org PageRecipient Profile

Omaha, NE

PURPOSE: GENERAL SUPPORT

$13,850

AMERICAN HEART ASSOCIATION

Org PageRecipient Profile

Dallas, TX

PURPOSE: GENERAL SUPPORT

$10,925
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Woodmen Of The World Life Insurance Society has recieved totaling $13,155.

Awarding OrganizationAmount
R C Cliff Payne Woodmen Youth Camp

High Point, NC

PURPOSE: DISASTER RELIEF

$13,155
View Grant Recipient Profile

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