2013-08-15T13:11:27-05:00 2013-03-31 621199757 LATTIMORE BLACK MORGAN & CAIN PC PO BOX 1869 BRENTWOOD TN 370241869 990 2012-04-01 620758518 ARMED SERVICES MUTUAL BENEFIT ASSOCIATION ARME 6158510800 PO BOX 160384 NASHVILLE TN 37216 BRICE N SMITH 6158510800 2013-08-15 1 JULIE BARTLETT P00742923 6153774600 2012 2016-02-24 21:20:13Z BRICE N SMITH PO BOX 160384 NASHVILLE TN 37216 62059169 0 X WWW.ASMBA.COM X 1963 TN PROVIDE MEMBERS LOW COST LIFE INSURANCE AND SURVIVOR BENEFIT COVERAGE 7 7 16 0 0 0 0 0 5711629 5950066 1504958 1378711 8317 180255 7224904 7509032 300000 300000 0 0 1296889 1597252 0 0 0 7223654 8594605 8820543 10491857 -1595639 -2982825 52678721 51877411 23372262 24703090 29306459 27174321 X TO PROVIDE FOR ITS MEMBERS 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. 0 0 10491857 300000 7509032 THE ASSOCIATION PROVIDES FOR ITS MEMBERS 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. 10491857 0 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 16 0 1 16 1 0 0 0 0 0 0 0 0 0 0 0 0 X 7 7 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X MICHAEL G MCCONNELL 6158510800 1000 NORTHCHASE DR STE 220 GOODLETTSVILLE TN 37072 GL JONES 2.00 X 628 0 0 BERNARD CHESMAN 2.00 X 0 0 0 SUSAN FAVERO 2.00 X 906 0 0 MARION W GREEN 2.00 X 306 0 0 DEBRA KUBIET 2.00 X 0 0 0 MARVIN T SMOOT 2.00 X 522 0 0 DENNIS O TONNESSLAN 2.00 X 0 0 0 WILLIAM ACKER JR 1.00 X 495 0 0 JERRY C BREAST 1.00 X 521 0 0 SARAH BETH CLIATT 1.00 X 1179 0 0 LARRY K DAGLEY 1.00 X 388 0 0 BRYAN P FENTON 1.00 X 0 0 0 KEVIN R FESLER 1.00 X 521 0 0 DAVID HOWARD 1.00 X 376 0 0 CHARLES M INGRAM 1.00 X 427 0 0 STEVEN P INMAN 1.00 X 247 0 0 ANDREW PENZELL 1.00 X 441 0 0 TIMOTHY PEPPE 1.00 X 438 0 0 EDWARD A GLOWATSKI 2.00 X 417 0 0 EDWIN F RUMSEY 1.00 X 0 0 0 RICHARD L WIELAND 1.00 X 431 0 0 MICHAEL G MCCONNELL 40.00 X 179754 0 151780 JOSEPH P DOUGHERTY 40.00 X 124974 0 90445 BRICE N SMITH 40.00 X 146064 0 73174 CHERYL A STONE 40.00 X 120950 0 65401 579985 0 380800 4 0 1 0 0 HIGH VALUE LEVEL TERM 524298 2553620 2553620 CHOICE LEVEL TERM 524298 1841853 1841853 LEVEL TERM, DECREASING TERM, SBP 524298 519290 519290 SPOUSE COVERAGE/FAMILY PROTECTION 524298 435552 435552 PLATINUM AD&D 524298 262844 262844 336907 336907 5950066 360286 360286 857929 681327 176602 176602 176602 54887235 53868810 1018425 1018425 1018425 MISC. REVENUE-RELATED-990 524298 3653 3653 3653 7509032 0 0 7509032 300000 960785 289023 236310 47911 63223 44983 26401 2086850 187338 109201 6121 17891 33504 2878 MEMBERSHIP BENEFITS 5526541 CONTRACT SERVICES 289893 POLICY ACQUISITION COST 128247 BOARD RELATED EXPENSES 75235 59522 10491857 496722 1109227 4810966 5686120 71936 75036 79746 50153 9962347 4932107 5198474 5030240 34164585 32246498 7856292 7680137 52678721 51877411 2363288 2039684 425261 434792 20583713 22228614 23372262 24703090 X 0 0 0 0 29306459 27174321 29306459 27174321 52678721 51877411 X -2982825 -91417 942104 X X 0 1 X 1 0 2209932 2209932 4023622 2284933 1738689 3296061 2287780 1008281 385869 339762 46107 46863 19632 27231 5030240 ACCRUED INVESTMENT INCOME 73494 DEFERRED POLICY ACQUISTION COSTS 7606643 7680137 HIGH VALUE LEVEL TERM REFUNDS PAYABLE 42321 RESERVE FOR FUTURE BENEFITS AND EXPENSES 20934005 PRESENT VALUE OF CLAIMS PAYABLE 1127288 RESERVE FOR CLAIMS INCURRED BUT NOT REPORTED 125000 22228614 X 7417615 -91417 -91417 7509032 0 7509032 10491857 0 10491857 0 10491857 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: THE ASSOCIATION HAD NO MATERIAL UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. 1 ASMBA STAR FOUNDATION 263180510 501C(3) 300000 TO ESTABLISH A CORPUS AND FINANCIAL BASE FOR THE FOUNDATION. PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: ALL GRANTS ARE APPROVED BY THE BOARD OF GOVERNORS AND THESE APPROVALS ARE RECORDED WITHIN THE BOARD MINUTES. X X 1 1 X 0 0 0 MICHAEL G MCCONNELL 179754 0 0 0 0 0 136793 0 14987 0 331534 0 0 0 JOSEPH P DOUGHERTY 119974 0 5000 0 0 0 67879 0 22566 0 215419 0 0 0 BRICE N SMITH 139512 0 6552 0 0 0 50607 0 22567 0 219238 0 0 0 CHERYL A STONE 115622 0 5328 0 0 0 47548 0 17853 0 186351 0 0 0 PART I, LINE 1A TRAVEL FOR COMPANIONS OF BOARD MEMBERS ARE REPORTED AS INCOME TO THE BOARD MEMBER ON FORM 1099. HEALTH CLUB AND SOCIAL CLUB DUES ARE INCLUDED IN THE EMPLOYEES FORM W-2. FORM 990, PART VI, SECTION A, LINE 6 ASMBA IS A MEMBERSHIP-BASED ASSOCIATION. FORM 990, PART VI, SECTION A, LINE 7A THE BOARD OF GOVERNORS ARE ELECTED BY THE MEMBERSHIP AND ALL BOARD OF GOVERNORS HAVE TO BE MEMBERS THEMSELVES. FORM 990, PART VI, SECTION B, LINE 11 THE 990 IS REVIEWED BY MANAGEMENT AND THE AUDIT COMMITTEE, THEN IT IS DISTRIBUTED TO THE BOARD. FORM 990, PART VI, SECTION B, LINE 12C EACH YEAR THE BOARD MEMBERS AND MANAGEMENT MEMBERS ARE ISSUED A QUESTIONNAIRE INQUIRING ON ANY CONFLICTS OF INTEREST. THESE FORMS ARE REQUIRED TO BE COMPLETED AND SIGNED BY BOARD MEMBERS AND MANAGEMENT TO CERTIFY THAT THERE WERE NO CONFLICTS. SHOULD THERE BE ANY CONFLICTS, THEY WOULD BE EVALUATED BY THE CONTROLLER AND THEN PRESENTED TO CHAIR OF THE BOARD BY THE CONTROLLER AND/OR PRESIDENT. FORM 990, PART VI, SECTION B, LINE 15 FOR THE ASSOCIATION'S PRESIDENT, THE PROCESS INCLUDES ALL OF THESE ELEMENTS: (1) REVIEW AND APPROVAL BY THE BOARD OF GOVERNORS OF THE ASSOCIATION; (2) USE OF DATA AS TO COMPARABLE COMPENSATION; AND (3) CONTEMPORANEOUS DOCUMENTATION AND RECORDKEEPING. 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. THE PRESIDENT'S COMPENSATION IS DETERMINED BY THE BOARD OF GOVERNORS DURING A CLOSED SESSION OF THE ANNUAL BOARD MEETING, BUT ALL OTHER SALARIES FOR THE ASSOCIATION ARE DETERMINED BY THE PRESIDENT. 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 MILITARY 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. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 9: FASB 158 ADJUSTMENT TO FUNDED STATUS OF PENSION PLAN 790,342. FASB 157 EQUITY ADJUSTMENT FOR VALUATION OF SECURITIES 151,762. FORM 990, PAGE 11, PART XI, LINE 2C THE OVERSIGHT AND SELECTION PROCESS FOR THE AUDIT HAS NOT CHANGED FROM THE PRIOR YEAR. TRANSACTION TYPE M, N, O, AND P SCHEDULE R, PART V, LINE 2 (3) AND 2 (4) ASMBA STAR FOUNDATION, INC. ("FOUNDATION") WAS FORMED AS A 501(C)(3) IN APRIL 2008. THE FOUNDATION WAS FUNDED BY CONTRIBUTIONS OF $250,000, $1,000,000, $285,000, $300,000 AND $300,000 IN 2008, 2009, 2010, 2011 AND 2012 RESPECTIVELY, FROM ARMED SERVICES MUTUAL BENEFIT ASSOCIATION ("ASMBA"). THE EMPLOYEES AND ASSETS OF ASMBA WERE USED DURING THE START-UP OF THE FOUNDATION. NO VALUE HAS BEEN ASSIGNED TO THE USE OF ASMBA EMPLOYEES AND ASSETS; HOWEVER, ANY AMOUNTS INVOLVED ARE CONSIDERED MINIMAL. ASMBA STAR FOUNDATION PO BOX 160384 NASHVILLE TN 37216 263180510 PROVIDE ASSISTANCE FOR MILITARY SERVICE MEMBERS, VETERANS,AND THEIR FAMILIES TN 501(C)(3) LINE 7 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1 0 0 ASMBA STAR FOUNDATION B 300000 CASH ASMBA STAR FOUNDATION N VALUE NOT ASSIGNED ASMBA STAR FOUNDATION O VALUE NOT ASSIGNED ASMBA STAR FOUNDATION Q VALUE NOT ASSIGNED