2024-10-21T14:17:01-07:00 2024-03-31 834386546 Diana Landa CPA 1382 Moonlight Trl Brentwood TN 37027 990 2023-04-01 620758518 ARMED SERVICES MUTUAL BENEFIT ASSOCIATION ARME 6158510800 1000 NORTHCHASE DR 220 GOODLETTSVILLE TN 37072 BRICE N SMITH President 2024-10-21 true true Diana Landa P00546366 6154800499 X 2023 2024-10-15 13:58:12Z BRICE N SMITH 13175211 false X WWW.ASMBA.COM X 1963 TN PROVIDE MEMBERS LOW COST LIFE INSURANCE AND SURVIVOR BENEFIT COVERAGE. 7 7 6 16 0 0 5512179 5347366 1533713 2024729 491498 524256 7537390 7896351 111228 113219 0 801507 783966 0 0 4993916 4988372 5906651 5885557 1630739 2010794 56245710 60063419 33602129 32618277 22643581 27445142 TO PROVIDE MEMBERS WITH A VARIETY OF LOW COST BENEFIT PROGRAMS AND FINANCIAL SECURITY IN THE FORM OF LIFE INSURANCE AND SURVIVOR BENEFIT COVERAGES, WHICH ARE NOT OTHERWISE READILY AVAILABLE, AT REASONABLE RATES OR WITHOUT LIMITING CLAUSES (SUCH AS WAR) TO MEMBERS OF THE ARMED SERVICES DUE TO THEIR OCCUPATION AND THE RISKS INVOLVED. false false 5885557 113219 7896351 TO PROVIDE MEMBERS WITH A VARIETY OF LOW COST BENEFIT PROGRAMS AND FINANCIAL SECURITY IN THE FORM OF LIFE INSURANCE AND SURVIVOR BENEFIT COVERAGES, WHICH ARE NOT OTHERWISE READILY AVAILABLE, AT REASONABLE RATES OR WITHOUT LIMITING CLAUSES (SUCH AS WAR) TO MEMBERS OF THE ARMED SERVICES DUE TO THEIR OCCUPATION AND THE RISKS INVOLVED. 5885557 false false false false false false false false false true false false true true true true true false false false false false false false false false true false true false false false false false false false false false false false false false false true 11 0 true 6 true false false false false false false false 0 false false false false false false false X 7 7 false false false false true true false true true false false true true true true true true true true false X X BRICE N SMITH 6158510800 1000 NORTHCHASE DR STE 220 GOODLETTSVILLE TN 37072 BRICE N SMITH non-voting President 45.00 0.00 X 328453 0 65748 CHERYL A STONE non-voting Vice President 45.00 0.00 X 161927 0 34612 DANIEL PARKER CHAIR 2.00 0.00 X X 0 0 0 DEBRA KUBIET VICE CHAIR 2.00 0.00 X X 0 0 0 JAMES MCKEE GOVERNORS BOARD 2.00 0.00 X 0 0 0 DENNIS TONNESLAN GOVERNORS BOARD 2.00 0.00 X 0 0 0 FRANK MURPHY GOVERNORS BOARD 2.00 0.00 X 0 0 0 JOHN SARAGA GOVERNORS BOARD 2.00 0.00 X 0 0 0 PETE AUBREY GOVERNORS BOARD 2.00 0.00 X 0 0 0 490380 100360 2 false true false 0 0 CHOICE LEVEL TERM 524298 1632888 1632888 HIGH VALUE LEVEL TERM 524298 2602243 2602243 LEVEL, DECREASING, SBP 524298 187600 187600 PLATINUM AD&D 524298 250937 250937 SPOUSE COVERAGE/FAMILY 524298 422183 422183 251515 251515 5347366 1869534 1869534 0 0 609297 85723 523574 523574 523574 5348332 5193137 155195 155195 155195 0 0 0 OTHER INCOME 900099 682 682 682 7896351 7896351 113219 0 0 0 526642 0 140533 75490 0 41301 0 56400 27850 0 0 89424 0 56060 101679 0 0 79035 0 0 0 0 0 26169 105980 MEMBERSHIP BENEFITS 3842559 POLICY ACQUISITION COSTS 386895 CONTRACT SERVICES 110344 ACTUARIAL EXPENSE 60702 45275 5885557 0 0 0 903550 81800 4520495 1728896 0 163656 162676 0 0 0 0 318331 293523 10124976 7341362 2837413 2783614 42063047 49925385 0 0 0 5439218 5087525 56245710 60063419 372742 358518 649432 592103 32579955 31667656 33602129 32618277 X 22643581 27445142 22643581 27445142 56245710 60063419 X 2010794 2609641 181126 X X false true X true false 1916774 1916774 4023622 3214552 809070 3809510 3774039 35471 346503 324809 21694 28567 27962 605 2783614 ACCRUED INVESTMENT INCOME 282951 DEFERRED POLICY ACQUISTION COSTS 4804574 5087525 HIGH VALUE LEVEL TERM REFUNDS PAYABLE 7135 PRESENT VALUE OF CLAIMS PAYABLE 307283 RESERVE CLAIMS INCURRED, NOT REPORTED 325000 RESERVE FOR FUTURE BENEFITS AND EXPENSES 31028238 31667656 X 10416568 2609641 2609641 7806927 89424 89424 7896351 5796133 5796133 89424 89424 5885557 Part X : FIN48 Footnote ASMBA IS EXEMPT FROM FEDERAL INCOME TAXES UNDER THE PROVISIONS OF INTERNAL REVENUE CODE SECTION 501(C)(19), AND, ACCORDINGLY, NO PROVISION FOR INCOME TAXES IS INCLUDED IN THE FINANCIAL STATEMENTS. MANAGEMENT IS NOT AWARE OF ANY COURSE OF ACTION OR SERIES OF EVENTS THAT HAVE OCCURRED THAT MIGHT ADVERSELY AFFECT THE TAX EXEMPT STATUS OF THE ORGANIZATION. UNDER GENERALLY ACCEPTED ACCOUNTING PRINCIPLES (GAAP), AN UNCERTAIN TAX POSITION IS RECOGNIZED AS A BENEFIT ONLY IF IT IS "MORE LIKELY THAN NOT" THAT THE TAX POSITION WOULD BE SUSTAINED IN A TAX EXAMINATION, WITH A TAX EXAMINATION BEING PRESUMED TO OCCUR. THE AMOUNT RECOGNIZED IS THE LARGEST AMOUNT OF TAX BENEFIT THAT IS GREATER THAN 50% LIKELY OF BEING REALIZED ON EXAMINATION. FOR TAX POSITIONS NOT MEETING THE "MORE LIKELY THAN NOT" TEST, NO TAX BENEFIT IS RECORDED. ASMBA HAD NO MATERIAL UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANACIAL STATEMENTS.AS OF MARCH 31, 2024 AND 2023, THE ASSOCIATION HAS ACCRUED NO INTEREST AND NO PENALTIES RELATED TO UNCERTAIN TAX POSITIONS. IT IS THE ASSOCIATION'S POLICY TO RECOGNIZE INTEREST AND/OR PENALTIES RELATED TO INCOME TAX MATTERS IN INCOME TAX EXPENSE. ASMBA FILES U.S. FEDERAL INFORMATION TAX RETURNS. THE RETURNS ARE GENERALLY OPEN TO AUDIT UNDER THE STATUTES OF LIMITATIONS FOR THREE YEARS FOLLOWING THE LATER OF THE INTITIAL DUE DATE OF THE RETURN OR THE DATE FILED. true ASMBA STAR FOUNDATION INC 1000 NORTHCHASE DR STE 220 GOODLETTSVILLE TN 37072 263180510 501(C)(3) 113219 0 CASH SUPPORT MILITARY NOT-FOR-PROFITS 1 0 Grantmaker's Description of How Grants are Used ALL GRANTS ARE APPROVED BY THE BOARD OF GOVERNORS AND THESE APPROVALS ARE RECORDED WITHIN THE BOARD MINUTES. X X true true false false false BRICE N SMITH non-voting President 292921 23494 12036 22500 43248 394199 CHERYL A STONE non-voting Vice President 105915 13618 42394 11335 23277 196539 Part I, Line 1a: Relevant information in regards to selections on 1a. HEALTH CLUB AND SOCIAL CLUB DUES ARE INCLUDED IN THE EMPLOYEES FORM W-2. COMPENSATION FOR COMPANION TRAVEL IS PROVIDED ON FORM 1099. Form 990, Part VI, Section A, Line 6 ASMBA IS A MEMBERSHIP-BASED ASSOCIATION. Form 990, Part VI, Section B, Line 11b THE 990 IS REVIEWED BY MANAGEMENT AND THE AUDIT COMMITTEE. IT IS THEN DISTRIBUTED TO THE BOARD PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. Form 990, Part VI, Section B, Line 12c THE BOARD AND MANAGEMENT ARE ALL ASKED BY LETTER EACH YEAR TO VERIFY WHETHER THEY HAVE ANY CONFLICTS OF INTEREST. Form 990, Part VI, Section B, Line 15a THE PRESIDENT'S COMPENSATION IS DETERMINED BY THE BOARD OF GOVERNORS DURING A CLOSED SESSION OF THE ANNUAL BOARD MEETING. FOR THE ASSOCIATION'S PRESIDENT, THE PROCESS INCLUDES ALL OF THESE ELEMENTS: 1. REVIEW AND APPROVAL - THE COMPENSATION OF THE PRESIDENT IS REVIEWED AND APPROVED BY THE BOARD OF GOVERNORS OF THE ASSOCIATION DURING THE CLOSED SESSION OF THE ANNUAL BOARD MEETING IN JUNE. PERSONS WITH CONFLICTS OF INTEREST WITH RESPECT TO THE COMPENSATION ARRANGEMENT AT ISSUE ARE NOT INVOLVED IN THIS REVIEW AND APPROVAL.2. USE OF DATA AS TO COMPARABLE COMPENSATION - THE COMPENSATION IS REVIEWED AND APPROVED USING DATA AS TO COMPARABLE COMPENSATION FOR SIMILARLY QUALIFIED PERSONS IN FUNCTIONALLY COMPARABLE POSITIONS AT SIMILARLY SITUATED ORGANIZATIONS. 3. CONTEMPORANEOUS DOCUMENTATION AND RECORDKEEPING - THERE IS CONTEMPORANEOUS DOCUMENTATION AND RECORDKEEPING WITH RESPECT TO THE DELIBERATIONS AND DECISIONS REGARDING THE COMPENSATION ARRANGEMENT. Form 990, Part VI, Section B, Line 15b THE PRESIDENT DETERMINES ALL OTHER SALARIES FOR THE ASSOCIATION. THE EMPLOYEES' SALARIES ARE REVIEWED AT LEAST ON AN ANNUAL BASIS BY THE ASSOCIATION PRESIDENT. THE COMPENSATION IS REVIEWED AND APPROVED BY USING COMPARABLE COMPENSATION FOR SIMILARLY QUALIFIED PERSONS IN FUNCTIONALLY COMPARABLE POSITIONS IN THE NASHVILLE AREA. COST OF LIVING ADJUSTMENTS (COLA) ARE BASED ON THE HIGHER OF SOCIAL SECURITY, CPI-U OR THE MILIARY PAY INCREASE. THE APPROVED DOCUMENT IS SIGNED BY THE ASMBA PRESIDENT AND RETAINED BY THE ASSOCIATION FOR DOCUMENTATION. Form 990, Part VI, Section C, Line 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC BY REQUEST. Form 990, Part XI, Line 9 UNREALIZED GAIN ON DEBT INVESTMENTS = $181126 Form 990, Part XII, Line 2c NO CHANGE FROM PRIOR YEARS.