NAVY MUTUAL AID ASSOCIATION: Form 990, tax year 2011
View the entire original 990 at ProPublica ↗
- Organization
- NAVY MUTUAL AID ASSOCIATION (EIN 53-0116720)
- Tax period
- 2011-01-01 to 2011-12-31
- Filed
- 2012-08-03
- IRS object ID
- 201232169349300023
- Schema version
- 2011v1.2
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2012-08-03T11:29:47-05:00 | Timestamp |
| Tax Period End Date | 2011-12-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 521446779 | EIN |
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | JOHNSON LAMBERT LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 700 SPRING FOREST ROAD STE 115 | AddressLine1 |
| City | RALEIGH | City |
| State | NC | State |
| ZIP Code | 27609 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2011-01-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 530116720 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NAVY MUTUAL AID ASSOCIATION | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | NAVY | NameControl |
| Phone | 7036141638 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 29 CARPENTER RD - HENDERSON HALL | AddressLine1 |
| City | ARLINGTON | City |
| State | VA | State |
| ZIP Code | 22212 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | BRUCE B ENGELHARDT | Name |
| Title | PRESIDENT | Title |
| Phone | 7036141638 | Phone |
| Date Signed | 2012-08-02 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 9197196400 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2011 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | BRUCE B ENGELHARDT | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 29 CARPENTER RD - HENDERSON HALL | AddressLine1 |
| City | ARLINGTON | City |
| State | VA | State |
| ZIP Code | 22212 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 417759374 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c | X | Organization501c |
| Web Site | WWW.NAVYMUTUAL.ORG | WebSite |
| Type Of Organization Association | X | TypeOfOrganizationAssociation |
| Year Formation | 1879 | YearFormation |
| State Legal Domicile | VA | StateLegalDomicile |
| Activity Or Mission Description | AND FORM 990, PART III, LINE 1:TO PROVIDE MEMBERS OF THE NAVY, MARINES, COAST GUARD, NATIONAL OCEANIC AND ATMOSPHERIC ASSOCIATION, PUBLIC HEALTH SERVICE, AND HONORABLY DISCHARGED VETERANS (COLLECTIVELY THE "SEA SERVICES") LIFE INSURANCE AT AS NEAR THE ACTUAL NET COST AS POSSIBLE; ASSIST SEA SERVICE MEMBERS AND THEIR FAMILIES IN SECURING FEDERAL BENEFITS TO WHICH THEY MAY BE LEGALLY ENTITLED; AND EDUCATE SEA SERVICE MEMBERS AND THEIR FAMILIES ON MATTERS OF FINANCIAL SECURITY. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 20 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 19 | NbrIndependentVotingMembers |
| Total Nbr Employees | 100 | TotalNbrEmployees |
| Total Nbr Volunteers | 0 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 0 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 0 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 87471964 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 86545369 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 148537673 | InvestmentIncomePriorYear |
| Investment Income Current Year | 173423856 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 905554 | OtherRevenuePriorYear |
| Other Revenue Current Year | 1038343 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 236915191 | TotalRevenuePriorYear |
| Total Revenue Current Year | 261007568 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 0 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 0 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 102871713 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 125751982 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 8561746 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 8565688 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 0 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 122621538 | OtherExpensePriorYear |
| Other Expenses Current Year | 110347643 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 234054997 | TotalExpensesPriorYear |
| Total Expenses Current Year | 244665313 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 2860194 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 16342255 | RevenuesLessExpensesCY |
| Total Assets BOY | 2571859432 | TotalAssetsBOY |
| Total Assets EOY | 2681325206 | TotalAssetsEOY |
| Total Liabilities BOY | 2380534008 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 2481988060 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 191325424 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 199337146 | NetAssetsOrFundBalancesEOY |
| Mission Description | SEE SCHEDULE O | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Description | 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 SEA 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. | Description |
Activity2 Activity2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | AS A CONGRESSIONALLY-CHARTERED VETERANS SERVICE ORGANIZATION, NAVY MUTUAL PRESENTS EDUCATIONAL PROGRAMS TO MEMBERS OF THE SEA SERVICES AND THEIR FAMILIES IN ORDER TO ASSIST THEM IN UNDERSTANDING MILITARY SURVIVOR BENEFITS. | Description |
Activity3 Activity3
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | AS A CONGRESSIONALLY-CHARTERED 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. | Description |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Described In501 C3 | 0 | DescribedIn501C3 |
| Schedule B Required | 0 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Subject To Proxy Tax | 0 | SubjectToProxyTax |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 1 | CreditCounseling |
| Term Or Permanent Endowments | 0 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 1 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 0 | ReportOtherAssets |
| Report Other Liabilities | 1 | ReportOtherLiabilities |
| Report Fin48 Footnote | 0 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 1 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 0 | ConsolidatedAuditFinancialStmt |
| School | 0 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 0 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 0 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 0 | GrantsToOrganizations |
| Grants To Individuals | 0 | GrantsToIndividuals |
| Schedule J Required | 1 | ScheduleJRequired |
| Tax Exempt Bonds | 0 | TaxExemptBonds |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 0 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 0 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 0 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transaction Related Entity | 0 | TransactionRelatedEntity |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 8 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 100 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 0 | UnrelatedBusinessIncome |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 20 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 19 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 1 | MembersOrStockholders |
| Election Of Board Members | 1 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 0 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 0 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 1 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | ADAM MULLINS | NamePerson |
| Telephone Number | 7039451440 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 29 CARPENTER ROAD-HENDERSON HALL | AddressLine1 |
| City | ARLINGTON | City |
| State | VA | State |
| ZIP Code | 22212 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (35 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | OfficerOfficer | Key EmployeeKeyEmployee | Highest Compensated EmployeeHighestCompensatedEmployee |
|---|---|---|---|---|---|---|---|---|
| ERIC CANDELORI | ||||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |||
| ERICA SCHWARTZ | ||||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |||
| FRANK THORP IV | ||||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |||
| GARY LABUDA | ||||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |||
| ISAIAH COLE | ||||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |||
| JAMES CARMAN | ||||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |||
| JAN GAUDIO | ||||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |||
| JOHN LUECKE | ||||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |||
| JOHN ROOTS | ||||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |||
| KATHLEEN MARTIN | ||||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |||
| LEO WILLIAMS | ||||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |||
| MARK WILSON | ||||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |||
| MICHAEL MCDANIEL | ||||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |||
| MICHELLE MCATEE | ||||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |||
| MIKE J WILLIAMS | ||||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |||
| PATRICK STILLMAN | ||||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |||
| STANELY R SZEMBORSKI | ||||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |||
| RICHARD MIES THRU 42011 | ||||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |||
| JEFFREY OSTER | ||||||||
| CHAIRMAN | 1.00 | X | 0 | 0 | 0 | X | ||
| RANDY WELCH | ||||||||
| VICE CHAIR | 1.00 | X | 0 | 0 | 0 | X | ||
| BRUCE ENGELHARDT | ||||||||
| PRESIDENT | 40.00 | X | 439584 | 0 | 73328 | X | ||
| JENNIFER CASE THRU 32011 | ||||||||
| DIRECTOR OF FINANCE & ACC | 40.00 | 52438 | 0 | 3319 | X | |||
| DAVID FRIDELL | ||||||||
| CHIEF FINACIAL OFFICER | 40.00 | 88061 | 0 | 1949 | X | |||
| ALLEN MCCRAY | ||||||||
| VP INVESTMENTS | 40.00 | 196360 | 0 | 44988 | X | |||
| D TIMOTHY EDDY THRU 12011 | ||||||||
| VP RISK MANAGEMENT | 40.00 | 223942 | 0 | 32923 | X | |||
| JOHN MCVEIGH | ||||||||
| VP MEMBERSHIP | 40.00 | 214974 | 0 | 30414 | X | |||
| LAUREN BLOOM | ||||||||
| GENERAL COUNSEL | 40.00 | 220751 | 0 | 49033 | X | |||
| MICHELLE BRICKWEDDE | ||||||||
| VP HR & ADMIN | 40.00 | 233354 | 0 | 30232 | X | |||
| THOMAS BENTON | ||||||||
| VP IT | 40.00 | 195652 | 0 | 11185 | X | |||
| MICHELLE SMITH | ||||||||
| VP OPERATIONS | 40.00 | 152371 | 0 | 30052 | X | |||
| ANTHONY GLASSFORD | ||||||||
| DIRECTOR OF EDUCATION & B | 40.00 | 137351 | 0 | 23974 | X | |||
| MARK SUMMERS | ||||||||
| DIRECTOR OF SALES | 40.00 | 138717 | 0 | 25932 | X | |||
| SANGEETA JACOB | ||||||||
| DIRECTOR OF BUSINESS IMPR | 40.00 | 172907 | 0 | 32936 | X | |||
| VIRGINIA HAYES | ||||||||
| DIRECTOR OF MARKETING | 40.00 | 131314 | 0 | 20334 | X | |||
| MICHAEL WEISENBURG | ||||||||
| MANAGER, IT | 40.00 | 106605 | 0 | 27830 | X | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 2704381 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 438429 | TotalOtherCompensation |
| Number Individuals GT100 K | 13 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (5 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| ACCENTURE | |||||
| 5 SPRING STREET | MURRAY HILL | NJ | 07974 | CONVERSION SUPPORT | 9340258 |
| WHITE & PARTNERS | |||||
| 13665 DULLES TECHNOLOGY DR STE 150 | HERNDON | VA | 20171 | MARKETING | 1088077 |
| SEGUE TECHNOLOGIES | |||||
| 2300 WILSON BLVD STE 420 | ARLINGTON | VA | 22201 | CONVERSION SUPPORT | 584218 |
| HOOPER HOLMES | |||||
| 170 MT AIRY ROAD | BASKING RIDGE | NJ | 07920 | LAB SERVICES | 527032 |
| MONSTER MEDIAWORKS | |||||
| 517 S LAKE DESTINY ROAD SUITE 100 | ORLANDO | FL | 32810 | SALES SERVICES | 411931 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 18 | NumberOfContractorsGT100K |
Program Service Revenue ProgramServiceRevenue (3 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| NET EARNED PREMIUMS | 524113 | 53651691 | 53651691 |
| SUPPLEMENTAL CONTRACTS | 524298 | 32357812 | 32357812 |
| ANNUITY CONSIDERATIONS | 524298 | 535866 | 535866 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 86545369 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 160888557 | TotalRevenueColumn |
| Exclusion | $160,888,557 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 169287105 | Securities |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 156751806 | Securities |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 12535299 | Securities |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 12535299 | TotalRevenueColumn |
| Exclusion | $12,535,299 | ExclusionAmount |
Other Revenue Misc OtherRevenueMisc
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | AMORTIZATION OF IMR | Description |
| Business Code | 524298 | BusinessCode |
| Total Revenue Column | 1038343 | TotalRevenueColumn |
| Exclusion | $1,038,343 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 1038343 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 261007568 | TotalRevenueColumn |
| Related Or Exempt Function Income | 86545369 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $174,462,199 | ExclusionAmount |
Benefits To Members BenefitsToMembers
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 125751982 | Total |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2324910 | Total |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3769684 | Total |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1092456 | Total |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 842903 | Total |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 535735 | Total |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 210495 | Total |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 157085 | Total |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 535822 | Total |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2121423 | Total |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2748149 | Total |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1104044 | Total |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 597614 | Total |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 138813 | Total |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 131362 | Total |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 347805 | Total |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal |
|---|---|
| CHANGE IN LIFE RESERVE | 78819477 |
| EXCESS INTEREST CREDIT | 22186634 |
| MEDICAL EXPENSES | 670395 |
| CHANGE IN EMPLOYEE BENE | 578525 |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 244665313 | Total |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 43502907 | BOY |
| EOY | 95156959 | EOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 153640193 | BOY |
| EOY | 157869678 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 7651607 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 3733304 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3881607 | BOY |
| EOY | 3918303 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2068681311 | BOY |
| EOY | 1999003842 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 273186670 | BOY |
| EOY | 396511740 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 28966744 | BOY |
| EOY | 28864684 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2571859432 | BOY |
| EOY | 2681325206 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 22714428 | BOY |
| EOY | 29891331 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 360742 | BOY |
| EOY | 1209370 | EOY |
Escrow Account Liability EscrowAccountLiability
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 9446 | BOY |
| EOY | 14356 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2357449392 | BOY |
| EOY | 2450873003 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2380534008 | BOY |
| EOY | 2481988060 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 191325424 | BOY |
| EOY | 199337146 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 191325424 | BOY |
| EOY | 199337146 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2571859432 | BOY |
| EOY | 2681325206 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | 16342255 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | -8330533 | ReconcilationOtherChanges |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
| Audit Committee | 1 | AuditCommittee |
| Financial Statement Separate | X | FinancialStatementSeparate |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequired |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Agent Trustee Etc | 0 | AgentTrusteeEtc |
| Included On FS | 1 | IncludedOnFS |
Leasehold Improvements LeaseholdImprovements
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 5986111 | OtherCostOrOtherBasis |
| Depreciation | 2330790 | Depreciation |
| Book Value | 3655321 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 1665496 | OtherCostOrOtherBasis |
| Depreciation | 1402514 | Depreciation |
| Book Value | 262982 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 3918303 | TotalOfBookValueLandBuildings |
Other Securities OtherSecurities (5 entries)
| DescriptionDescription | Book ValueBookValue | Method Of ValuationMethodOfValuation |
|---|---|---|
| MORTGAGE LOANS | 45414980 | C |
| REAL ESTATE LIMITED PARTNERSHIP | 8877521 | F |
| PRIVATE PLACEMENT BONDS | 294149478 | F |
| REAL ESTATE CONSOLIDATED CORP. & PARTNERSHIP | 8339865 | F |
| SECURITIES LENDING | 39729896 | C |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Securities | 396511740 | TotalOfBookValueSecurities |
Other Liabilities OtherLiabilities (6 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| RESERVE FOR LIFE CONTRACTS | $2,162,673,753 |
| LIABILITY FOR DEPOSIT-TYPE CONTRACTS | $212,519,974 |
| ASSET VALUATION RESERVE | $21,383,630 |
| INTEREST MAINTENANCE RESERVE | $6,527,263 |
| EMPLOYEE BENEFITS | $7,524,913 |
| SECURITIES LENDING RESERVE | $40,243,470 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 2450873003 | TotalOfAmounts |
| Total Revenue | 261007568 | TotalRevenue |
| Total Expenses | 244665313 | TotalExpenses |
| Excess Or Deficit For Year | 16342255 | ExcessOrDeficitForYear |
| Net Unrealized GL On Investments | -17193041 | NetUnrealizedGLOnInvestments |
| Other | $8,862,508 | OtherAmount |
| Total Adjustments | -8330533 | TotalAdjustments |
| Excess Or Deficit Per FS | 8011722 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 258590423 | TotRevenueEtcAuditedFinclStmt |
| Revenue Not Rptd F990 | 0 | RevenueNotRptdF990 |
| Revenue Subtotal | 258590423 | RevenueSubtotal |
| Investment Expenses Not Included | 535822 | InvestmentExpensesNotIncluded |
| Other Revenues Not Included | 1881323 | OtherRevenuesNotIncluded |
| Revenue Not Rptd On Fin Stmt | 2417145 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 261007568 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 242248168 | TotExpensesEtcAuditedFinclStmt |
| Expenses Not Rptd F990 | 0 | ExpensesNotRptdF990 |
| Expenses Subtotal | 242248168 | ExpensesSubtotal |
| Investment Expenses Not Included2 | 535822 | InvestmentExpensesNotIncluded2 |
| Other Expenses Not Included | 1881323 | OtherExpensesNotIncluded |
| Expenses Not Rptd On Fin Stmt | 2417145 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 244665313 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (4 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| PART IV, LINE 2B: | NMAA HOLDS AMOUNTS IN ESCROW FOR MEDICAL AND DEPENDENT CARE. | |
| CHANGE IN ASSET VALUATION RESERVE 4,426,371. CHANGE IN NON-ADMITTED ASSETS -11,699,143. CHANGE IN ADDITIONAL MINIMUM LIABILITY FOR POSTRETIREMENT BENEFITS -916,496. CHANGE IN ACCOUNTING PRINCIPLE - RESERVE VALUATION BASIS 17,051,776. TOTAL TO SCHEDULE D, PART XI, LINE 8: 8,862,508. | PART XI, LINE 8 - OTHER ADJUSTMENTS: | |
| EXPENSE ALLOCATION 1,881,323. | PART XII, LINE 4B - OTHER ADJUSTMENTS: | |
| EXPENSE ALLOCATION 1,881,323. | PART XIII, LINE 4B - OTHER ADJUSTMENTS: |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Club Dues Or Fees | X | ClubDuesOrFees |
| Written Policy Re T And E Expenses | 1 | WrittenPolicyReTAndEExpenses |
| Substantiation Required | 1 | SubstantiationRequired |
| Compensation Committee | X | CompensationCommittee |
| Independent Consultant | X | IndependentConsultant |
| Written Employment Contract | X | WrittenEmploymentContract |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | 0 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 0 | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | 0 | EquityBasedCompArrangement |
Form990 Schedule J Part II Form990ScheduleJPartII (12 entries)
| Base Compensation Filing OrgBaseCompensationFilingOrg | Comp Based On Related OrgsCompBasedOnRelatedOrgs | Bonus Filing OrgBonusFilingOrg | Bonus Related OrgsBonusRelatedOrgs | Other Compensation Filing OrgOtherCompensationFilingOrg | Other Compensation Related OrgsOtherCompensationRelatedOrgs | Deferred Comp Filing OrgDeferredCompFilingOrg | Deferred Comp Related OrgsDeferredCompRelatedOrgs | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs | Total Compensation Filing OrgTotalCompensationFilingOrg | Total Compensation Related OrgsTotalCompensationRelatedOrgs | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg | Comp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| BRUCE ENGELHARDT | |||||||||||||
| 251084 | 0 | 150000 | 0 | 38500 | 0 | 47900 | 0 | 25428 | 0 | 512912 | 0 | 0 | 0 |
| ALLEN MCCRAY | |||||||||||||
| 133910 | 0 | 41000 | 0 | 21450 | 0 | 31800 | 0 | 13188 | 0 | 241348 | 0 | 0 | 0 |
| D TIMOTHY EDDY THRU 12011 | |||||||||||||
| 167942 | 0 | 34000 | 0 | 22000 | 0 | 32300 | 0 | 623 | 0 | 256865 | 0 | 174127 | 0 |
| JOHN MCVEIGH | |||||||||||||
| 125474 | 0 | 51000 | 0 | 38500 | 0 | 26700 | 0 | 3714 | 0 | 245388 | 0 | 0 | 0 |
| LAUREN BLOOM | |||||||||||||
| 159251 | 0 | 45000 | 0 | 16500 | 0 | 31500 | 0 | 17533 | 0 | 269784 | 0 | 0 | 0 |
| MICHELLE BRICKWEDDE | |||||||||||||
| 159854 | 0 | 57000 | 0 | 16500 | 0 | 20500 | 0 | 9732 | 0 | 263586 | 0 | 0 | 0 |
| THOMAS BENTON | |||||||||||||
| 137652 | 0 | 36000 | 0 | 22000 | 0 | 0 | 0 | 11185 | 0 | 206837 | 0 | 0 | 0 |
| MICHELLE SMITH | |||||||||||||
| 122260 | 0 | 22000 | 0 | 8111 | 0 | 14300 | 0 | 15752 | 0 | 182423 | 0 | 0 | 0 |
| ANTHONY GLASSFORD | |||||||||||||
| 85751 | 0 | 27000 | 0 | 24600 | 0 | 19900 | 0 | 4074 | 0 | 161325 | 0 | 0 | 0 |
| MARK SUMMERS | |||||||||||||
| 96660 | 0 | 20000 | 0 | 22057 | 0 | 16200 | 0 | 9732 | 0 | 164649 | 0 | 0 | 0 |
| SANGEETA JACOB | |||||||||||||
| 118202 | 0 | 37000 | 0 | 17705 | 0 | 14800 | 0 | 18136 | 0 | 205843 | 0 | 0 | 0 |
| VIRGINIA HAYES | |||||||||||||
| 76314 | 0 | 22000 | 0 | 33000 | 0 | 16800 | 0 | 3534 | 0 | 151648 | 0 | 0 | 0 |
Form990 Schedule J Part III Form990ScheduleJPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Reference | PART I, LINE 1A | ReturnReference |
| Explanation | SOCIAL CLUB DUES WERE PROVIDED TO THE PRESIDENT OF NAVY MUTUAL AID ASSOCIATION. THE ENTIRE COST WAS TREATED AS TAXABLE INCOME TO THE RECIPIENT. | Explanation |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (7 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| FORM 990, PART VI, SECTION A, LINE 6 | NMAA HAS A MEMBERSHIP OF APPROXIMATELY 100,000. ALL MEMBERS HAVE THE OPPORTUNITY EACH YEAR TO VOTE FOR BOARD MEMBERS, INCLUDING THE CHAIRMAN. ALL MEMBERS WILL SHARE IN THE PROFIT/NET ASSETS OF THE ORGANIZATION IN THE UNLIKELY EVENT OF A DISSOLUTION. | |
| FORM 990, PART VI, SECTION A, LINE 7A | THE MEMBERS OF THE BOARD ARE ELECTED ANNUALLY BY A VOTE OF NAVY MUTUAL'S MEMBERSHIP. | |
| FORM 990, PART VI, SECTION B, LINE 11 | A DRAFT OF NAVY MUTUAL'S FORM 990 IS MADE AVAILABLE TO THE AUDIT COMMITTEE FOR REVIEW PRIOR TO FILING WITH THE IRS. QUESTIONS ARE ANSWERED ON A TIMELY BASIS. | |
| FORM 990, PART VI, SECTION B, LINE 12C | MEMBERS OF NAVY MUTUAL'S BOARD OF DIRECTORS ANNUALLY DISCLOSE ANY CONFLICTS OF INTEREST IN WRITING. OUR LEGAL DEPARTMENT REVIEWS THE DISCLOSURE STATEMENTS TO ENSURE COMPLIANCE. WE ALSO HAVE KEY EMPLOYEES AND OFFICERS ANNUALLY SIGN OUR CONFLICT OF INTEREST POLICY AND OUR CODE OF ETHICS POLICY. WE PROVIDE ANNUAL STAFF TRAINING ON OUR CODE OF ETHICS AND CONFLICT OF INTEREST POLICY. BREACHING THE CODE OF ETHICS OR CONFLICT OF INTEREST POLICY IS GROUNDS FOR DISCIPLINE, UP TO AND INCLUDING TERMINATION. | |
| FORM 990, PART VI, SECTION B, LINE 15 | FOUR MEMBERS OF NAVY MUTUAL'S BOARD CONSTITUTE OUR COMPENSATION COMMITTEE. THIS COMMITTEE MEETS 3 TIMES/YEAR TO DISCUSS AND ANALYZE THE PRESIDENT'S AND STAFFS' SALARY AND BONUS FOR THE FOLLOWING YEAR. THE COMMITTEE USES SEVERAL BENCHMARKS IN ITS DISCUSSION/ANALYSIS, INCLUDING AN INDEPENDENT NOT-FOR-PROFIT SALARY STUDY, AN INSURANCE COMPANY SALARY STUDY AND A LOCAL AREA SALARY STUDY. THE COMMITTEE ALSO UTILIZES AN OUTSIDE COMPENSATION CONSULTANT TO VERIFY COMPENSATION BY GRADE AND BY JOB DESCRIPTION FOR ALL EMPLOYEES, INCLUDING THE PRESIDENT. THIS COMPARABILITY STUDY IS CONDUCTED EVERY 3 YEARS FOR EMPLOYEES AND EVERY YEAR FOR THE PRESIDENT. THE RESULTS OF THE COMMITTEE'S ANALYSIS ARE PRESENTED TO THE FULL BOARD OF DIRECTORS FOR APPROVAL PRIOR TO IMPLEMENTATION. THE PRESIDENT'S COMPENSATION WAS LAST REVIEWED IN DECEMBER 2011. | |
| FORM 990, PART VI, SECTION C, LINE 19 | ALL PUBLIC DOCUMENTS ARE AVAILABLE UPON REQUEST. A FINANCIAL STATEMENT SUMMARY IS INCLUDED IN NAVY MUTUAL'S ANNUAL REPORT, WHICH IS AVAILABLE ON-LINE. | |
| FORM 990, PART XI, LINE 5: | NET UNREALIZED LOSSES ON INVESTMENTS: -17,193,041. CHANGE IN ASSET VALUATION RESERVE 4,426,371. CHANGE IN NON-ADMITTED ASSETS -11,699,143. CHANGE IN ADDITIONAL MINIMUM LIABILITY FOR POSTRETIREMENT BENEFITS -916,496. CHANGE IN ACCOUNTING PRINCIPLE - RESERVE VALUATION BASIS 17,051,776. TOTAL TO FORM 990, PART XI, LINE 5: -8,330,533. | CHANGES IN NET ASSETS OR FUND BALANCES: |