Military Benefit Association
- Assets
- $30.8m
- Revenue
- $40.7m
- Investments
- $665.8k
- Employees
- 24
- Location
- Chantilly, VA
- Founding
- 12/1963
- Data as of
- 07/2023
- 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 07/2023, 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 07/2023, Military Benefit Association generated $40.7m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.4% each year. All expenses for the organization totaled $37.8m during the year ending 07/2023. While expenses have increased by 3.3% 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
2023
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 123,000 MEMBERS OF THE ARMED FORCES AND CIVILIAN EMPLOYEES OF THE U S GOVERNMENT WITH INSURANCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Reyna President | OfficerTrustee | 40 | $340,620 |
Glenda Lee Vice President & Secretary | OfficerTrustee | 40 | $182,205 |
Thomas Jubon Director, It | 35 | $149,247 | |
Bonnie Kohli Accountant | 35 | $113,796 | |
Richard Wilson Director, Strategic Planning | 31 | $98,506 | |
Ashok K Nayyar Treasurer | Officer | 7 | $92,030 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Federal Direct Marketing Services | 7/30/23 | $303,707 |
Webtpa Third Party Administrator | 7/30/23 | $359,565 |
List Services Corporation Marketing Services | 7/30/23 | $524,734 |
National Benefits Group Midwest Llc Benefits Consulting | 7/30/23 | $206,417 |
Alphagraphics Marketing Services | 7/30/23 | $267,770 |
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 | $38,360,883 |
| Investment income | $772,775 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $40,079 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,480,555 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $40,665,680 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $34,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $29,384,210 |
| Compensation of current officers, directors, key employees. | $691,115 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,516,438 |
| Pension plan accruals and contributions | $48,482 |
| Other employee benefits | $171,130 |
| Payroll taxes | $153,625 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $39,997 |
| Fees for services: Accounting | $115,843 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $46,357 |
| Fees for services: Other | $1,351,828 |
| Advertising and promotion | $835,801 |
| Office expenses | $691,080 |
| Information technology | $149,255 |
| Royalties | $0 |
| Occupancy | $132,096 |
| Travel | $141,114 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $97,729 |
| Interest | $0 |
| Payments to affiliates | $1,500,000 |
| Depreciation, depletion, and amortization | $509,235 |
| Insurance | $74,339 |
| All other expenses | $77,452 |
| Total functional expenses | $37,834,369 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $460,585 |
| Savings and temporary cash investments | $116,064 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $134,805 |
| 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 | $49,408 |
| Net Land, buildings, and equipment | $401,196 |
| Investments—publicly traded securities | $6,389,581 |
| Investments—other securities | $665,773 |
| Investments—program-related | $0 |
| Intangible assets | $3,100,000 |
| Other assets | $19,480,299 |
| Total assets | $30,797,711 |
| Accounts payable and accrued expenses | $2,918,248 |
| Grants payable | $0 |
| Deferred revenue | $222,164 |
| 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 | $2,750,459 |
| Total liabilities | $5,890,871 |
| Net assets without donor restrictions | $24,906,840 |
| 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 | $30,797,711 |