Assured Life Association
- Assets
- $58.3m
- Revenue
- $10.3m
- Investments
- $137.3k
- Employees
- 7
- Location
- Greenwood Village, CO
- Founding
- 08/1940
- Data as of
- 12/2021
- EIN
- 84-0356870
Organization Overview
Assured Life Association is located in Greenwood Village, CO. 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 12/2021, Assured Life Association employed 7 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Assured Life Association is a 501(c)(8) and as such, is described as a "Fraternal Beneficiary Society and/or Association" by the IRS.
For the year ending 12/2021, Assured Life Association generated $10.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (8.7%) each year. All expenses for the organization totaled $11.9m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (6.7%) per year over the past 7 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
FRATERNAL ORGANIZATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDERS OF LIFE, ACCIDENT AND HEALTH INSURANCE TO MEMBERS OF A FRATERNAL ORGANIZATION.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gary R Wheeler President/tr | OfficerTrustee | 40 | $264,048 |
Diane L Muller Sec/vp Opera | Officer | 40 | $134,756 |
Jerome L Christensen Vice Preside | Officer | 40 | $125,197 |
Tanya S Unrein Chair | OfficerTrustee | 1 | $14,918 |
Douglas H Oury Director | Trustee | 1 | $9,180 |
Charles R Cloud Director | Trustee | 1 | $7,230 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Additional Options Llc Construction | 12/30/17 | $262,853 |
Allen Bailey & Associates Inc Actuary | 12/30/17 | $124,603 |
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 | $9,304,594 |
| Investment income | $1,868,545 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,044,672 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,289,844 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $5,268,762 |
| Compensation of current officers, directors, key employees. | $677,067 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $228,458 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $32,962 |
| Payroll taxes | $47,474 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $36,537 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,309,636 |
| Advertising and promotion | $0 |
| Office expenses | $33,945 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $100,804 |
| Travel | $33,508 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $16,800 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $90,541 |
| Insurance | $21,301 |
| All other expenses | $6,620 |
| Total functional expenses | $11,919,239 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,325,221 |
| Savings and temporary cash investments | $17,523,802 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $221,168 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $28,012,278 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $871,264 |
| Investments—publicly traded securities | $9,256,375 |
| Investments—other securities | $137,267 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $58,347,375 |
| Accounts payable and accrued expenses | $481,195 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $44,785,146 |
| Total liabilities | $45,266,341 |
| Net assets without donor restrictions | $0 |
| 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 | $13,081,034 |
| Total liabilities and net assets/fund balances | $58,347,375 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Dyno Nobel Inc & Distributors Veba 2 Phoenix, AZ | $2,671,529 | $20,358,521 |
Hbg Flatiron Inc Broomfield, CO | $11,095,153 | $20,130,998 |
Assured Life Association Greenwood Village, CO | $58,347,375 | $10,289,844 |
W S A Fraternal Life Westminster, CO | $40,518,457 | $2,411,043 |
Scottish Rite Foundation Denver, CO | $37,704,186 | $2,276,777 |
Ancient & Accepted Scottish Rite Of Free Masonry So Juris Usa Omaha, NE | $7,732,997 | $821,913 |
Benevolent & Protective Order Of Elks Of The Usa Phoenix, AZ | $4,666,676 | $781,201 |
Benevolent & Protective Order Of Elks Of The Usa St George, UT | $892,991 | $554,266 |
Order Of The Eastern Star Of Nebraska Grand Chapter Lincoln, NE | $9,354,059 | $559,109 |
Order Of The Eastern Star Of Arizona Grand Chapter Phoenix, AZ | $19,893,457 | $1,176,295 |
Benevolent & Protective Order Of Elks Of The Usa Phoenix, AZ | $2,126,503 | $538,995 |
Benevolent & Protective Order Of Elks Of The Usa Mesa, AZ | $1,785,336 | $647,208 |