Mutual Beneficial Association Inc
- Assets
- $132.8m
- Revenue
- $20.0m
- Investments
- $0.0
- Employees
- 5
- Location
- Berwyn, PA
- Founding
- 11/1972
- Data as of
- 12/2022
- EIN
- 23-6000755
Organization Overview
Mutual Beneficial Association Inc is located in Berwyn, PA. The organization was established in 1972. According to its NTEE Classification (Y20) the organization is classified as: Insurance Providers, under the broad grouping of Mutual & Membership Benefit and related organizations. As of 12/2022, Mutual Beneficial Association Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mutual Beneficial Association Inc 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 12/2022, Mutual Beneficial Association Inc generated $20.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $19.9m during the year ending 12/2022. While expenses have increased by 2.8% per year over the past 8 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
FRATERNAL BENEFIT SOCIETY SERVING THE TRANSPORTATION INDUSTRY AND THEIR FAMILY MEMBERS AND PROVIDING FRATERNAL AND CHARITABLE CONTRIBUTIONS TO THESE EMPLOYEES AND IN THE GENERAL COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE ARE A FRATERNAL BENEFIT SOCIETY THAT SERVES THE TRANSPORTATION INDUSTRY AND THEIR FAMILIES AND PROVIDES CHARITABLE AND SOCIAL ACTIVITIES IN THE COMMUNITY.
WE ARE A FRATERNAL BENEFIT SOCIETY THAT SERVES THE TRANSPORTATION INDUSTRY AND THEIR FAMILIES AND PROVIDES CHARITABLE AND SOCIAL ACTIVITIES IN THE COMMUNITY.
WE ARE A FRATERNAL BENEFIT SOCIETY THAT SERVES THE TRANSPORTATION INDUSTRY AND THEIR FAMILIES AND PROVIDES CHARITABLE AND SOCIAL ACTIVITIES IN THE COMMUNITY.
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 |
|---|---|---|---|
Mary L Gibney General Secretary | OfficerTrustee | 55 | $182,909 |
Thomas Catanach General Treasurer | OfficerTrustee | 50 | $175,127 |
Stephen M Santarlasci General President | OfficerTrustee | 50 | $154,499 |
Richard O Dietrich General Vice President | OfficerTrustee | 2 | $5,800 |
Donald F Teague Director | OfficerTrustee | 1 | $5,600 |
John C Carini Director | OfficerTrustee | 1 | $5,600 |
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 | $20,036,739 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $20,036,739 |
| 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 | $18,544,142 |
| Compensation of current officers, directors, key employees. | $529,535 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $119,284 |
| Pension plan accruals and contributions | $201,024 |
| Other employee benefits | $60,198 |
| Payroll taxes | $58,121 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10,532 |
| Fees for services: Accounting | $89,358 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,096 |
| Office expenses | $1,879 |
| Information technology | $43,342 |
| Royalties | $0 |
| Occupancy | $64,719 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $11,867 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $29,703 |
| Total functional expenses | $19,888,190 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,350 |
| Savings and temporary cash investments | $416,391 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $130,222,878 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,116,009 |
| Total assets | $132,759,628 |
| Accounts payable and accrued expenses | $0 |
| 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 | $129,981,960 |
| Total liabilities | $129,981,960 |
| 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 | $2,777,668 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $132,759,628 |