Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: NET EARNED PREMIUM

  total $67,105,114 · related or exempt $67,105,114

• 2b · Program service revenue: ANNUITY CONSIDERATIONS

  total $64,083,901 · related or exempt $64,083,901

• 2c · Program service revenue: SURVIVOR INCOME DEPOSITS

  total $647,137 · related or exempt $647,137

• 3 · Investment income

  total $165,930,258 · unrelated business $562,687 · excluded $165,367,571

• 7a · Gross sales of assets other than inventory

  securities $102,975,089

• 7b · Less cost or other basis and sales expenses

  securities $101,660,174

• 7c · Gain or loss

  securities $1,314,915

• 7d · Net gain or loss

  total $1,314,915 · excluded $1,314,915

• 11a · Other revenue: AMORTIZATION OF IMR

  total $3,564,035 · excluded $3,564,035

• 11e · Other revenue, total

  $3,564,035

Functional expenses

Part IX, the statement of functional expenses.

• 4 · Benefits paid to or for members

  total $210,839,223

• 5 · Compensation of officers, directors and key employees

  total $3,786,989

• 7 · Other salaries and wages

  total $11,698,926

• 8 · Pension plan contributions

  total $1,739,798

• 9 · Other employee benefits

  total $2,143,427

• 10 · Payroll taxes

  total $984,901

• 11b · Fees: legal

  total $321,530

• 11c · Fees: accounting

  total $392,966

• 11d · Fees: lobbying

  total $15,000

• 11f · Fees: investment management

  total $681,097

• 11g · Fees: other

  total $5,204,240

• 12 · Advertising and promotion

  total $4,341,711

• 13 · Office expenses

  total $2,249,086

• 14 · Information technology

  total $6,140,557

• 16 · Occupancy

  total $377,918

• 17 · Travel

  total $311,712

• 19 · Conferences, conventions and meetings

  total $13,143

• 22 · Depreciation, depletion and amortization

  total $5,859,859

• 24a · Other expenses: CHANGE IN LIFE RESERVE

  total $39,532,989

• 24b · Other expenses: UNDERWRITING

  total $1,144,163

• 24c · Other expenses: TAXES & LICENSES

  total $147,409

• 24d · Other expenses: REINSURANCE

  total $106,048

• 24e · All other expenses

  total $78,067

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $25,178,981 · end of year $17,919,470

• 2 · Savings and temporary cash investments

  beginning of year $40,024,147 · end of year $20,662,383

• 4 · Accounts receivable

  beginning of year $79,848 · end of year $852,187

• 7 · Other notes and loans receivable

  beginning of year $159,039,088 · end of year $159,215,744

• 10a · Land, buildings and equipment: cost or other basis

  $65,757,944

• 10b · Land, buildings and equipment: accumulated depreciation

  $65,521,349

• 10c · Land, buildings and equipment, net

  beginning of year $373,321 · end of year $236,595

• 11 · Investments: publicly traded securities

  beginning of year $1,800,818,397 · end of year $1,928,651,857

• 12 · Investments: other securities

  beginning of year $1,210,802,698 · end of year $1,139,868,712

• 15 · Other assets

  beginning of year $32,060,938 · end of year $33,022,703

• 17 · Accounts payable and accrued expenses

  beginning of year $47,473,786 · end of year $60,493,326

• 19 · Deferred revenue

  beginning of year $966,689 · end of year $968,357

• 21 · Escrow or custodial account liability

  beginning of year $45,687 · end of year $63,113

• 25 · Other liabilities

  beginning of year $2,870,755,059 · end of year $2,893,872,087

• 27 · Net assets without donor restrictions

  beginning of year $349,136,197 · end of year $345,032,768

The filer's explanations (Part III)

PART I, LINE 1A

SOCIAL CLUB DUES WERE PROVIDED TO THE PRESIDENT OF NAVY MUTUAL AID ASSOCIATION IN 2022. THE ENTIRE COST OF $8,816 WAS TREATED AS TAXABLE INCOME TO THE RECIPIENT.

PART I, LINE 4A

MIRANDA DEDJA RECEIVED SEVERANCE TOTALING $21,191 DURING 2022.