EIN 42-0594470

BetterLife

IRS 501(c) type
501(c)(8)
Num. employees
108
Year formed
1897
Most recent tax filings
2023-12-01
Description
BetterLife is a fraternal benefit insurance society with a mission to provide meaningful fraternal programs, benefits, and high-quality insurance products and services for its members. The Society strengthens its members fraternally through various activities and programs, including national office branch support subsidies. BetterLife's primary purpose for insurance activities is to accomplish the exempt purpose of the fraternal benefit society, rather than to generate income. Currently, BetterLife has 62,807 members.
Related structure
BetterLife is a parent organization to a group of 119 other organizations.
Also known as...
Western Fraternal Life Association
Total revenues
$64,263,803
2023
Total expenses
$69,734,945
2023
Total assets
$603,847,920
2023
Num. employees
108
2023

Program areas at BetterLife

FRATERNAL ACTVITIES AND PROGRAMS - BetterLife provides quarterly funding to fraternal groups, varying in amount. Additionally, volunteers may receive cash awards for their efforts. Funds support various initiatives: A. Community Benefit: BetterLife members organize projects aiding scholarship programs, blood drives, and more. B. Fundraisers and Matching Funds: Grants are offered for fundraising events supporting members in need. C. Family Activities: Events like picnics and holiday parties foster family bonds. D. Educational Leadership: Seminars train volunteers for community outreach. E. Patriotic Programs: Support for Flag Day observances, veteran and school initiatives. F. Fraternal Support: Activities maintaining group cohesion and development. G. Fraternal Services: Resources for national mission implementation. 2023 Statistics for A-G: $244,065 Activity Payments; 975 Events; 31,242 Volunteer Hours; $41,315 Corporate Donations; $236,061 Fundraising Funds Raised; $14,184 Fundraising Funds Matched by BetterLife. FRATERNAL BENEFIT PROGRAM: BetterLife offers non-contractual fraternal benefits to members at no extra cost, alongside their life insurance coverage: A. Disaster Benefit: Grants of up to $1,500 for expenses incurred from natural disasters. B. Health Benefit: Grants of up to $1,500 for specific disease expenses. C. Family Fraternal Benefit: Includes newborn death benefit and guaranteed insurance. D. Family Benefit: Offers ten $1,000 awards yearly for various family expenses. E. Member Magazine: Quarterly publication covering member activities and services. F. Orphan Income Benefit: Monthly allowance for orphan care until age 18. G. Orphan Scholarship Benefit: Up to $3,000 yearly for orphaned child education. H. National Scholarship Program: Awards scholarships to young members involved in community service. I. Members in Action: Grants up to $200 twice yearly for local service projects. 2023 Statistics for A-I: $0 (A), $12,000 (B); $0 (C); $10,000 (D); $108,331 (E); $16,900 (F); $0 (G); $68,000 (H); $5,950 (I). LODGE SYSTEM: BetterLife operates through local fraternal lodges known as Member Groups. Each member belongs to a specific group, which hosts planning meetings, biennial elections, and conducts activities within an assigned area. These groups adhere to Society bylaws and organize various benevolent, charitable, educational, and patriotic initiatives within their communities.
INSURANCE ACTIVITIES: The primary purpose of the insurance activities of BetterLife is to accomplish the tax-exempt purpose of the fraternal benefit society rather than to produce income. Number of members: 57,324

Grants made by BetterLife

GranteeGrant descriptionAmount
Western Fraternal Life Association - 242 OwossoFraternal Activities Where Members Live and Work$5,400

Personnel at BetterLife

NameTitleCompensation
Daniel L ShinnickChief Executive Officer and Board Chair and Chief Member Advocate$403,696
Craig A van DykePresident and Chief Investment Officer$334,014
Jenna DunkerSenior Vice President - Finance and Treasurer$149,260
Steven G ReindlFormer Officer$226,789
Donald M NielandSenior Vice President - It and Secretary$162,689
...and 14 more key personnel

Financials for BetterLife

RevenuesFYE 12/2023
Total grants, contributions, etc.$0
Program services$64,263,803
Investment income and dividends$0
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$64,263,803

Form 990s for BetterLife

Fiscal year endingDate received by IRSFormPDF link
2023-122024-06-11990View PDF
2022-122023-07-17990View PDF
2021-122022-11-14990View PDF
2020-122021-07-20990View PDF
2018-122019-12-09990View PDF
...and 9 more Form 990s

Organizations like BetterLife

OrganizationLocationRevenue
Catholic Order of Foresters (COF)Naperville, IL$132,222,212
SPJST (SPJST)Temple, TX$44,090,522
CSA Fraternal LifeLombard, IL$24,248,357
Catholic Financial LifeMilwaukee, WI$127,605,313
Everence AssociationGoshen, IN$76,719,666
Polish National Alliance of the US of NAChicago, IL$33,983,370
Loyal Christian Benefit AssociationErie, PA$22,333,694
Woman's Life Insurance SocietyPort Huron, MI$24,625,783
Royal Neighbors of AmericaRock Island, IL$185,032,558
National Mutual BenefitMadison, WI$36,708,977
Data update history
August 25, 2023
Posted financials
Added Form 990 for fiscal year 2022
August 23, 2023
Updated personnel
Identified 4 new personnel
August 20, 2023
Used new vendors
Identified 3 new vendors, including , , and
July 15, 2023
Posted financials
Added Form 990 for fiscal year 2021
July 11, 2023
Used new vendors
Identified 6 new vendors, including , , , , , and
Nonprofit Types
Fraternal societiesMutual assistance organizationsInsurance companiesHeadquarter / parent organizationsCharities
Issues
No issues found
Characteristics
Operates internationallyNational levelCommunity engagement / volunteeringProvides scholarshipsTax deductible donations
General information
Address
6522 Grand Teton Plaza
Madison, WI 53719
Metro area
Madison, WI
County
Dane County, WI
Website URL
betterlifeins.com/ 
Phone
(608) 833-1936
Twitter profile
@wfla_ins 
IRS details
EIN
42-0594470
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1897
Eligible to receive tax-deductible contributions (Pub 78)
Yes
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
Parent of group exemption
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