Military Benefit Association
- Assets
- $29.8m
- Revenue
- $33.6m
- Investments
- -$49.9k
- Employees
- 24
- Location
- Chantilly, VA
- Founding
- 12/1963
- Data as of
- 07/2022
- EIN
- 52-6056457
Organization Overview
Military Benefit Association is located in Chantilly, VA. The organization was established in 1963. According to its NTEE Classification (Y44) the organization is classified as: Voluntary Employees Beneficiary Associations Government), under the broad grouping of Mutual & Membership Benefit and related organizations. As of 07/2022, Military Benefit Association employed 24 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Military Benefit Association is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.
For the year ending 07/2022, Military Benefit Association generated $33.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.5% each year. All expenses for the organization totaled $39.3m during the year ending 07/2022. While expenses have increased by 4.3% per year over the past 7 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE MEMBERS OF THE ARMED SERVICES AND CIVILIAN EMPLOYEES OF THE US GOVERNMENT WITH INSURANCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDES APPROXIMATELY 120,000 MEMBERS OF THE ARMED FORCES AND CIVILIAN EMPLOYEES OF THE U S GOVERNMENT WITH INSURANCE.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Reyna President | OfficerTrustee | 40 | $312,101 |
Glenda Lee Vice President & Secretary | OfficerTrustee | 40 | $166,909 |
Thomas Jubon Director, It | 35 | $131,336 | |
Bonnie Kohli Accountant | 35 | $101,014 | |
Ashok K Nayyar Treasurer | Officer | 7 | $95,726 |
Amanda M Teft Director (from Oct '21) | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
List Services Corporation Marketing Services | 7/30/22 | $531,993 |
Federal Direct Marketing Services | 7/30/22 | $302,376 |
Jaybird Group Marketing Services | 7/30/22 | $170,445 |
Alphagraphics Marketing Services | 7/30/22 | $187,320 |
National Benefits Group Midwest Llc Benefits Consulting | 7/30/22 | $141,109 |
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 | $32,393,211 |
| Investment income | $586,642 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $34,842 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $562,826 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $33,634,241 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $40,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $5,000 |
| Benefits paid to or for members | $32,752,399 |
| Compensation of current officers, directors, key employees. | $713,023 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,353,235 |
| Pension plan accruals and contributions | $33,344 |
| Other employee benefits | $162,529 |
| Payroll taxes | $134,180 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $18,144 |
| Fees for services: Accounting | $134,001 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $88,951 |
| Fees for services: Other | $609,456 |
| Advertising and promotion | $1,165,720 |
| Office expenses | $655,880 |
| Information technology | $175,083 |
| Royalties | $0 |
| Occupancy | $135,195 |
| Travel | $157,792 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $145,205 |
| Interest | $65 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $541,804 |
| Insurance | $71,591 |
| All other expenses | $175,366 |
| Total functional expenses | $39,302,870 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $258,441 |
| Savings and temporary cash investments | $153,437 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $214,705 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $68,742 |
| Net Land, buildings, and equipment | $423,254 |
| Investments—publicly traded securities | $11,614,095 |
| Investments—other securities | -$49,922 |
| Investments—program-related | $0 |
| Intangible assets | $3,500,000 |
| Other assets | $13,632,332 |
| Total assets | $29,815,084 |
| Accounts payable and accrued expenses | $3,188,176 |
| Grants payable | $0 |
| Deferred revenue | $232,632 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,554,687 |
| Total liabilities | $6,975,495 |
| Net assets without donor restrictions | $22,839,589 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $29,815,084 |