EIN 62-0476257

United States Letter Carriers Mutual Benefit Association

Name: United States Letter Carriers Mutual Benefit Association financials for 2023
Creator: Cause IQ
License: https://creativecommons.org/licenses/by-nc-nd/4.0/

Programs|Personnel|Financials|Form 990s|Peers

IRS 501(c) type

501(c)(5)

Num. employees

City

Washington

State

District of Columbia

Year formed

1891

Most recent tax filings

2023-12-01

NTEE code, primary

Y40: Fraternal Beneficiary Societies and Voluntary Employees Associations

Description

National Association Letter Carriers is a fraternal organization that provides life, annuity, and disability insurance for its members through the United States Letter Carriers Mutual Benefit Association, which is a department of the National Association of Letter Carriers. The Mutual Benefit Association offers these insurance products to both members and their dependents.

Related structure

United States Letter Carriers Mutual Benefit Association is a subordinate organization under National Association of Letter Carriers - Nalc HQS (NALC).

Total revenues

$26,976,258

2023

Total expenses

$24,036,281

2023

Total assets

$259,578,677

2023

Num. employees

2023

Program areas at United States Letter Carriers Mutual Benefit Association

Provided life, annuity, and disability insurance products to members of the Mutual Benefit Association and their dependents.

Personnel at United States Letter Carriers Mutual Benefit Association

Name	Title	Compensation	Date of data
Fredric Rolando	President - Nalc	$0	2022-12-31
Jim Yates	Director of Life Insurance	$219,733	2023-12-31
Lawrence D Brown	Chairman and Trustee	$0	2023-12-31

Financials for United States Letter Carriers Mutual Benefit Association

Revenues	FYE 12/2023	FYE 12/2022	% Change
Total grants, contributions, etc.	$0	$0	-
Program services	$13,979,888	$19,949,727	-29.9%
Investment income and dividends	$9,520,519	$9,649,428	-1.3%
Tax-exempt bond proceeds	$0	$0	-
Royalty revenue	$0	$0	-
Net rental income	$0	$0	-
Net gain from sale of non-inventory assets	$3,475,851	$1,207,913	187.8%
Net income from fundraising events	$0	$0	-
Net income from gaming activities	$0	$0	-
Net income from sales of inventory	$0	$0	-
Miscellaneous revenues	$0	$0	-
Total revenues	$26,976,258	$30,807,068	-12.4%

Form 990s for United States Letter Carriers Mutual Benefit Association

Fiscal year ending	Date received by IRS	Form	PDF link
2023-12	2024-11-15	990	View PDF
2022-12	2023-11-06	990	View PDF
2021-12	2022-11-08	990	View PDF
2020-12	2021-11-11	990	View PDF
2019-12	2021-06-08	990	View PDF
...and 10 more Form 990s

Organizations like United States Letter Carriers Mutual Benefit Association

Organization	Type	Location	Revenue
Worlwide Assurance for Employees of Public Agencies (WAEPA)	501(c)(9)	Falls Church, VA	$47,907,472
Public Employees Federation Membership Benefits Program	501(c)(5)	Albany, NY	$26,327,028
Peace Officers Research Association of California (PORAC)	501(c)(5)	Sacramento, CA	$8,601,013
Home Healthcare Workers of America Iujat	501(c)(5)	New Rochelle, NY	$12,792,396
Minnesota Insurance Guaranty Association	501(c)(6)	Edina, MN	$7,371,646
United Food & Commerical Workers Local 888	501(c)(9)	Elmwood Park, NJ	$20,166,769
Michigan Automobile Insurance Placement Facility (MAIPF)	501(c)(6)	Johnston, RI	$18,880,748
American Federation of Teachers - 604 Local	501(c)(5)	Crest Hill, IL	$7,188,546
United Association - Plumbers and Steamfitters Local 157	501(c)(5)	Terre Haute, IN	$13,294,202
Sergents Benevolent Association (SBA)	501(c)(5)	New York, NY	$7,397,828

Data update history

February 5, 2025

Posted financials

Added Form 990 for fiscal year 2023

October 19, 2024

Updated personnel

Identified 1 new personnel

January 23, 2024

Posted financials

Added Form 990 for fiscal year 2022

January 23, 2024

Updated personnel

Identified 2 new personnel

January 2, 2024

Used new vendors

Identified 1 new vendor, including

Nonprofit Types

Fraternal societiesMutual assistance organizationsInsurance companiesEnvironmental organizationsChapter / child organizations

Issues

Human servicesJobs and employment

Characteristics

Political advocacyRelated 527

General information

Address: 100 Indiana Ave NW Suite 510; Washington, DC 20001
Metro area: Washington-Arlington-Alexandria, DC-VA-MD-WV
County: District of Columbia, DC
Website URL: nalc.org/member-benefits/mutual-benefit-association
Phone: (202) 638-4318
Facebook page: nalc.national
Twitter profile: @nalc_national

IRS details

EIN: 62-0476257
Fiscal year end: December
Taxreturn type: Form 990
Year formed: 1891
Eligible to receive tax-deductible contributions (Pub 78): No

Categorization

NTEE code, primary: Y40: Fraternal Beneficiary Societies and Voluntary Employees Associations
NAICS code, primary: 524126: Direct Property and Casualty Insurance Carriers
Parent/child status: Subordinate organization

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United States Letter Carriers Mutual Benefit Association

Program areas at United States Letter Carriers Mutual Benefit Association

Personnel at United States Letter Carriers Mutual Benefit Association

Financials for United States Letter Carriers Mutual Benefit Association

Form 990s for United States Letter Carriers Mutual Benefit Association

Organizations like United States Letter Carriers Mutual Benefit Association

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