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 12/2021, Woodmenlife employed 2,315 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Woodmenlife 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, Woodmenlife generated $1.0b 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 (3.2%) each year. All expenses for the organization totaled $952.0m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (3.1%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Woodmenlife has awarded 112 individual grants totaling $2,709,844. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
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
WOODMENLIFE EXTRAS: WOODMENLIFE OFFERS A VARIETY OF EXCLUSIVE 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/HER DUTIES AS A NON- MILITARY FIRST RESPONDER. FIRST RESPONDERS MAY INCLUDE FIREFIGHTERS, EMTS AND PARAMEDICS, POLICE, OR A PERSON PERFORMING A SUPPORTING ROLE TO SUCH INDIVIDUALS. "ORPHAN'S CARE BENEFIT - WOODMENLIFE OFFERS 1,000 PER MONTH 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. "WOODMENLIFE FOCUS FORWARD SCHOLARSHIP - THROUGH THE WOODMENLIFE FOCUS FORWARD SCHOLARSHIP, NEARLY 4,000 SCHOLARSHIPS WORTH 2.4 MILLION HAVE BEEN AWARDED TO HIGH SCHOOL GRADUATES SINCE 2017. 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. "STUDENT LOAN RELIEF - EVERY YEAR, WOODMENLIFE GIVES UP TO 200 1,000 AWARDS TO ELIGIBLE MEMBERS. RECIPIENTS ARE SELECTED BASED ON COMMUNITY SERVICE, PATRIOTISM AND LOAN STATEMENTS. "GIVING TOGETHER - THE GIVING TOGETHER PROGRAM PROVIDES FUNDING FOR SALES REPRESENTATIVES TO ORGANIZE AND CONDUCT COMMUNITY BEAUTIFICATION PROJECTS, SUCH AS PAINTING AT YOUTH FOOTBALL FIELDS, ERECTING FLAGPOLES AT CHURCHES AND LANDSCAPING AT COMMUNITY CENTERS. "COMMUNITY IMPROVEMENT FUNDS - WOODMENLIFE ALLOCATES FUNDS 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.
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. SINCE 1947, THE ORGANIZATION HAS DONATED MORE THAN 3.5 MILLION FLAGS TO NONPROFIT ORGANIZATIONS, SCHOOLS AND COMMUNITIES. 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. IN ADDITION, WOODMENLIFE HAS PARTNERED WITH THE GARY SINISE FOUNDATION TO FURTHER SUPPORT THEIR MISSION OF HONORING OUR DEFENDERS, VETERANS, FIRST RESPONDERS, THEIR FAMILIES, AND THOSE IN NEED.
FIGHTING HUNGER - WOODMENLIFE MADE FIGHTING HUNGER ITS NATIONAL COMMUNITY FOCUS IN 2015. THIS FOCUS UNITES MEMBERS OF THE WOODMENLIFE FAMILY, AS WELL AS OUR SALES REPRESENTATIVES AND HOME OFFICE ASSOCIATES. HUNGER-FIGHTING EFFORTS INCLUDE COMMUNITY FOOD DRIVES, BACKPACK STUFFING EVENTS, SORTING DONATIONS AT LOCAL FOOD BANKS, SERVING MEALS AT COMMUNITY KITCHENS, AND HOLDING COOKING FUNDRAISERS. WOODMENLIFE ALSO SUPPORTS THIS EFFORT THROUGH ITS CORPORATE GIVING. SINCE 2015, WOODMENLIFE AND ITS MEMBERS HAVE COLLECTED MORE THAN 1.1 MILLION POUNDS OF FOOD AND DONATED MORE THAN 3.1 MILLION DOLLARS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Name Not Listed Board Of Dir | Trustee | 5 | $33,493 |
William Pate Sales Repres | 50 | $367,569 | |
Ronnie Lear Regional Dir | 50 | $336,648 | |
Garret Emerson Regional Dir | 50 | $286,062 | |
John Sharp Deputy Gener | Officer | 50 | $260,496 |
Jeremy Carroll Vp, Sales | Officer | 50 | $255,406 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Basis Global Technologies Inc Advertising Svs | 12/30/21 | $2,401,629 |
Shi International Corp Software | 12/30/21 | $1,762,130 |
Lidp Consulting Services Inc Sftwr Develop. | 12/30/21 | $3,334,348 |
Examonequest Diagnostics Medical Records | 12/30/21 | $1,308,788 |
Ipipeline Software | 12/30/21 | $1,326,456 |
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 | $576,584,190 |
Investment income | $375,320,673 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $6,802,082 |
Net Gain/Loss on Asset Sales | $60,606,684 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $1,020,619,814 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $985,663 |
Grants and other assistance to domestic individuals. | $308,377 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $696,417,910 |
Compensation of current officers, directors, key employees. | $11,734,885 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $49,318,916 |
Pension plan accruals and contributions | $8,026,356 |
Other employee benefits | $13,582,327 |
Payroll taxes | $7,276,718 |
Fees for services: Management | $0 |
Fees for services: Legal | $872,612 |
Fees for services: Accounting | $370,600 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $192,414 |
Advertising and promotion | $3,619,261 |
Office expenses | $3,531,043 |
Information technology | $17,137,782 |
Royalties | $0 |
Occupancy | $4,428,640 |
Travel | $9,611 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $222,095 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $3,853,791 |
Insurance | $571,227 |
All other expenses | $14,985,328 |
Total functional expenses | $952,039,406 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | -$15,118,917 |
Savings and temporary cash investments | $115,543,888 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $883,279 |
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 | $64,829,984 |
Investments—publicly traded securities | $8,001,918,894 |
Investments—other securities | $2,379,323,651 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $916,268,743 |
Total assets | $11,463,649,522 |
Accounts payable and accrued expenses | $58,738,260 |
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 | $9,679,868,154 |
Total liabilities | $9,738,606,414 |
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 | $1,725,043,108 |
Total liabilities and net assets/fund balances | $11,463,649,522 |
Over the last fiscal year, Woodmen Of The World Life Insurance Society has awarded $816,110 in support to 21 organizations.
Grant Recipient | Amount |
---|---|
Nashville, TN PURPOSE: GENERAL SUPPORT | $500,000 |
Omaha, NE PURPOSE: GENERAL SUPPORT | $86,711 |
Dallas, TX PURPOSE: GENERAL SUPPORT | $36,400 |
Omaha, NE PURPOSE: GENERAL SUPPORT | $25,000 |
Chicago, IL PURPOSE: GENERAL SUPPORT | $20,000 |
Crescent, IA PURPOSE: GENERAL SUPPORT | $15,039 |
Over the last fiscal year, we have identified 1 grants that Woodmen Of The World Life Insurance Society has recieved totaling $0.
Awarding Organization | Amount |
---|---|
R C Cliff Payne Woodmen Youth Camp High Point, NC PURPOSE: DISASTER RELIEF | $0 |
Organization Name | Assets | Revenue |
---|---|---|
Woodmen Of The World Life Insurance Society Omaha, NE | $11,463,649,522 | $1,020,619,814 |
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 |
Travelers Protective Assn Of America St Charles, MO | $13,980,898 | $1,188,832 |
Ancient & Accepted Scottish Rite Of Free Masonry So Juris Usa Omaha, NE | $7,732,997 | $821,913 |
El Riad Shriners Sioux Falls, SD | $6,173,063 | $673,721 |
Ancient & Accepted Scottish Rite Of Free Masonry So Juris Of Usa Des Moines, IA | $4,783,418 | $494,496 |
Order Of The Eastern Star Of Nebraska Grand Chapter Lincoln, NE | $9,354,059 | $559,109 |
Washington Columbian Club Washington, MO | $254,490 | $579,044 |
Fraternal Order Of Eagles Crystal City, MO | $82,958 | $493,331 |