Mutual Benefit Association
- Assets
- $314.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Cincinnati, OH
- Founding
- 03/1941
- Data as of
- 12/2021
- EIN
- 31-0386645
Organization Overview
Mutual Benefit Association is located in Cincinnati, OH. The organization was established in 1941. According to its NTEE Classification (Y99) the organization is classified as: Mutual & Membership Benefit N.E.C., under the broad grouping of Mutual & Membership Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mutual 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 12/2021, Mutual Benefit Association generated $16.7k 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 (30.6%) each year. All expenses for the organization totaled $36.3k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (24.7%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
TO PROVIDE SUPPLEMENTAL SICK PAY BENEFITS TO MEMBERS AFTER 7 DAYS SICK OFF WORK
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jim Wilson Chairperson | 5 | $0 | |
Chris Wells Vice Chairperson | 1 | $0 | |
Bob Butts Treasurer | 1 | $0 | |
Dave Theim Trustee | 5 | $0 | |
Patti Fronk Trustee | 1 | $0 | |
Mike Hofer Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $9,595 |
| Investment income | $1,866 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $3,807 |
| Total Revenue | $16,735 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $12,144 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $8,573 |
| Occupancy, rent, utilities, and maintenance | $3,325 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $12,300 |
| Total expenses | $36,342 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $313,985 |
| Other assets | $0 |
| Total assets | $313,985 |
| Total liabilities | $0 |
| Net assets or fund balances | $313,985 |
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