Program areas at Navy Mutual Aid Association
The Navy Mutual Aid Association ("Navy Mutual") is a Mutual Aid Association that conservatively manages its assets to pay promised life insurance benefits to its members and their beneficiaries. Navy Mutual's benefit plans are designed at as near actual net cost as possible in order to provide members of the uniformed services with life insurance coverage that is not limited by war, terrorism, or aviation clauses. Navy Mutual's insurance is not subject to limits on coverage based on active duty status or geographical location.
As a federally recognized veterans service organization, Navy Mutual provides beneficiary assistance and counseling to assist members' survivors through the death process and to help secure the federal benefits to which they may be entitled, including representation before the veterans benefits administration and board of veterans' appeals.
As a federally recognized veterans service organization, Navy Mutual presents educational programs to members of the uniformed services and their families in order to assist them in understanding military survivor benefits.
Personnel at Navy Mutual Aid Association
| Name | Title | Compensation | Date of data |
|---|
| Brian E. Luther | President and Chief Executive Officer | $782,485 | 2024-10-02 |
| Adam Mullins | Chief Financial Officer | $461,245 | 2024-10-02 |
| Sangeeta Jacob | Chief Strategy Officer / Chief Operating Officer / Senior Vice President , Operations and Solutions and Technology / Vice President of Operations / Vice President Operations / Vice President , Business Process Reeng | $291,593 | 2022-12-31 |
| Jamie Maltese | Senior Vice President of Investments | $430,360 | 2024-10-02 |
| Lindsay McFarland | Vice President of Member Services | $318,473 | 2024-10-02 |
| ...and 15 more key personnel |
Financials for Navy Mutual Aid Association
| Revenues | FYE 12/2022 | FYE 12/2021 | % Change |
|---|
| Total grants, contributions, etc. | $0 | $0 | - |
| Program services | $131,836,152 | $85,938,719 | 53.4% |
| Investment income and dividends | $165,930,258 | $172,460,367 | -3.8% |
| Tax-exempt bond proceeds | $0 | $0 | - |
| Royalty revenue | $0 | $0 | - |
| Net rental income | $0 | $0 | - |
| Net gain from sale of non-inventory assets | $1,314,915 | $-8,022,605 | 116.4% |
| Net income from fundraising events | $0 | $0 | - |
| Net income from gaming activities | $0 | $0 | - |
| Net income from sales of inventory | $0 | $0 | - |
| Miscellaneous revenues | $3,564,035 | $2,168,337 | 64.4% |
| Total revenues | $302,645,360 | $252,544,818 | 19.8% |
Organizations like Navy Mutual Aid Association
| Organization | Type | Location | Revenue |
|---|
| Everence Association | 501(c)(8) | Goshen, IN | $76,719,666 |
| WoodmenLife | 501(c)(8) | Omaha, NE | $1,005,480,725 |
| Catholic Financial Life | 501(c)(8) | Milwaukee, WI | $127,605,313 |
| Royal Neighbors of America | 501(c)(8) | Rock Island, IL | $185,032,558 |
| Catholic Order of Foresters (COF) | 501(c)(8) | Naperville, IL | $132,222,212 |
| the Health Plan | 501(c)(4) | Wheeling, WV | $818,781,263 |
| Sharp Health Plan | 501(c)(4) | San Diego, CA | $968,135,050 |
| Michigan Health Endowment Fund | 501(c)(3) | Brighton, MI | $108,315,323 |
| Physicians Health Plan of Northern Indiana | 501(c)(4) | Fort Wayne, IN | $172,214,535 |
| Security Health Plan of Wisconsin | 501(c)(4) | Marshfield, WI | $1,309,605,178 |
Data update history
January 5, 2024
Posted financials
Added Form 990 for fiscal year 2022
January 4, 2024
Updated personnel
Identified 3 new personnel
December 25, 2023
Used new vendors
Identified 3 new vendors, including , , and
July 29, 2023
Posted financials
Added Form 990 for fiscal year 2021
July 6, 2023
Updated personnel
Identified 8 new personnel
Nonprofit Types
Fraternal societiesMutual assistance organizationsInsurance companiesMilitary and veteran charities
Issues
Military and veterans
Characteristics
Operates internationally
General information
- Address
- 29 Carpenter Rd - Henderson Hall
- Arlington, VA 22204
- Metro area
- Washington-Arlington-Alexandria, DC-VA-MD-WV
- County
- Arlington County, VA
- Website URL
- navymutual.org/Â
- Phone
- (800) 628-6011
- Facebook page
- NavyMutualÂ
- Twitter profile
- @navymutualÂ
IRS details
- EIN
- 53-0116720
- Fiscal year end
- December
- Taxreturn type
- Form 990
- Year formed
- 1879
- Eligible to receive tax-deductible contributions (Pub 78)
- No
Categorization
- NTEE code, primary
- Y40: Fraternal Beneficiary Societies and Voluntary Employees Associations
- NAICS code, primary
- 52411: Direct Life, Health, and Medical Insurance Carriers
- Parent/child status
- Independent
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