EIN 53-0209087

Armed Forces Benefit Association (AFBA)

IRS 501(c) type
501(c)(9)
Num. employees
142
Year formed
1947
Most recent tax filings
2022-12-01
Description
AFBA promotes the welfare of its members and their families to safeguard their economic interest by providing high quality, low cost life insurance products and services in peace and in war.
Total revenues
$134,666,831
2022
Total expenses
$155,746,044
2022
Total assets
$181,302,582
2022
Num. employees
142
2022

Program areas at AFBA

Provided better alternative term life insurance coverage to a population of 331,294 members and spouses. Insurance in force of $21.2 billion, underwritten by related organizations and other third party life insurance companies, in support of afba's objective to promote the welfare of its members and their families. Paid out 948 death claims totaling $38,990,049 in 2022.
Provided level term life insurance coverage to a population of 298,272 members and spouses. Insurance in force of $25.9 billion, underwritten by related organizations and other third party life insurance companies, in support of afba's objective to promote the welfare of its members and their families. Paid out 759 death claims totaling $42,159,750 in 2022.
Provided group decreasing term life insurance coverage to a population of 53,508 members and spouses. Insurance in force of $.6 billion, underwritten by related organizations and other third party life insurance companies, in support of afba's objective to promote the welfare of its members and their families. Paid out 2,137 death claims totaling $10,600,450 in 2022.

Personnel at AFBA

NameTitleCompensation
Deborah FrenchChief Financial Officer
B AbebeChief Information Officer / It Director / Senior Programmer$268,542
J PaulinSenior Vice President , Operations$235,384
C LightSenior Vice President , Marketing / Senior Vice President Marketing$0
A HooverSenior Vice President , Human Resources / Vice President Human Resources$276,639
...and 21 more key personnel

Financials for AFBA

RevenuesFYE 12/2022
Total grants, contributions, etc.$0
Program services$144,692,090
Investment income and dividends$-12,330,837
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$197,739
Net gain from sale of non-inventory assets$2,063,284
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$44,555
Total revenues$134,666,831

Form 990s for AFBA

Fiscal year endingDate received by IRSFormPDF link
2022-122023-11-13990View PDF
2021-122022-10-24990View PDF
2020-122021-10-05990View PDF
2019-122021-06-08990View PDF
2018-122020-01-14990View PDF
...and 8 more Form 990s
Data update history
January 21, 2024
Posted financials
Added Form 990 for fiscal year 2022
January 21, 2024
Updated personnel
Identified 2 new personnel
December 31, 2023
Used new vendors
Identified 2 new vendors, including , and
August 15, 2023
Updated personnel
Identified 6 new personnel
July 27, 2023
Posted financials
Added Form 990 for fiscal year 2021
Nonprofit Types
Fraternal societiesMutual assistance organizations
Issues
No issues found
Characteristics
Provides scholarships
General information
Address
909 N Washington St
Alexandria, VA 22314
Metro area
Washington-Arlington-Alexandria, DC-VA-MD-WV
County
Alexandria city, VA
Website URL
afba.com/ 
Phone
(703) 549-4455
Facebook page
armedforcesbenefitassociation 
Twitter profile
@afbabenefits 
IRS details
EIN
53-0209087
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1947
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
Y40: Fraternal Beneficiary Societies and Voluntary Employees Associations
NAICS code, primary
525120: Health and Welfare Funds
Parent/child status
Independent
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