ARMED FORCES BENEFIT ASSOCIATION

As filed

Subsection

09

Classification

2000

Street

909 N WASHINGTON ST

These codes are the IRS's own and are shown exactly as filed. What each one means is in the Business Master File documentation (opens in a new tab).

Mission and programs · 2024

• PROVIDED BETTER ALTERNATIVE TERM LIFE INSURANCE COVERAGE TO A POPULATION OF 350,820 MEMBERS AND SPOUSES. INSURANCE IN FORCE OF $22.9 BILLION, UNDERWRITTEN BY RELATED ORGANIZATIONS AND OTHER THIRD PARTY LIFE INSURANCE COMPANIES, IN SUPPORT OF AFBA'S OBJECTIVE TO PROMOTE THE WELFARE OF ITS MEMBERS AND THEIR FAMILIES. PAID OUT 790 DEATH CLAIMS TOTALING $31,959,668 IN 2024.

  Expenses $48,659,408 · Revenue $48,576,868

• PROVIDED GROUP DECREASING TERM LIFE INSURANCE COVERAGE TO A POPULATION OF 45,084 MEMBERS AND SPOUSES. INSURANCE IN FORCE OF $.5 BILLION, UNDERWRITTEN BY RELATED ORGANIZATIONS AND OTHER THIRD PARTY LIFE INSURANCE COMPANIES, IN SUPPORT OF AFBA'S OBJECTIVE TO PROMOTE THE WELFARE OF ITS MEMBERS AND THEIR FAMILIES. PAID OUT 2,008 DEATH CLAIMS TOTALING $8,815,550 IN 2024.

  Expenses $11,303,567 · Revenue $8,918,903

• PROVIDED LEVEL TERM LIFE INSURANCE COVERAGE TO A POPULATION OF 335,574 MEMBERS AND SPOUSES. INSURANCE IN FORCE OF $29.1 BILLION, UNDERWRITTEN BY RELATED ORGANIZATIONS AND OTHER THIRD PARTY LIFE INSURANCE COMPANIES, IN SUPPORT OF AFBA'S OBJECTIVE TO PROMOTE THE WELFARE OF ITS MEMBERS AND THEIR FAMILIES. PAID OUT 734 DEATH CLAIMS TOTALING $40,518,500 IN 2024.

  Expenses $83,076,507 · Revenue $94,549,908

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Officers and directors · 2024

As listed in Part VII of the 2024 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us. Earlier years are each on their own filing page.

Filings

• 2024

  Revenue

  $162,908,056

  Expenses

  $147,057,886

  Contributions

  $0

  Grants paid

  $0

• 2023

  Revenue

  $156,212,942

  Expenses

  $147,965,849

  Contributions

  $0

  Grants paid

  $0

• 2022

  Revenue

  $134,666,831

  Expenses

  $155,746,044

  Contributions

  $0

  Grants paid

  $0

The four totals the IRS asks for on Part I of the Form 990, as filed. A dash means the figure was not present on the return — not that it was zero.

Other returns filed

• 2021 · 990

  Revenue

  $157,888,211

  Expenses

  $177,056,271

  Assets (EOY)

  $212,566,568

• 2020 · 990

  Revenue

  $154,702,786

  Expenses

  $152,872,624

  Assets (EOY)

  $224,379,089

• 2019 · 990

  Revenue

  $147,971,648

  Expenses

  $141,521,880

  Assets (EOY)

  $215,707,690

• 2018 · 990

  Revenue

  $131,162,407

  Expenses

  $146,954,585

  Assets (EOY)

  $209,940,311

• 2017 · 990

  Revenue

  $120,688,682

  Expenses

  $130,611,624

  Assets (EOY)

  $226,108,476

• 2016 · 990

  Revenue

  $109,834,776

  Expenses

  $124,167,210

  Assets (EOY)

  $228,166,337

• 2015 · 990

  Revenue

  $107,096,189

  Expenses

  $123,256,695

  Assets (EOY)

  $237,406,109

• 2014 · 990

  Revenue

  $105,914,006

  Expenses

  $112,536,910

  Assets (EOY)

  $222,537,849

• 2013 · 990

  Revenue

  $102,549,936

  Expenses

  $108,826,165

  Assets (EOY)

  $217,069,428

• 2012 · 990

  Revenue

  — not reported

  Expenses

  $111,101,633

  Assets (EOY)

  $209,740,530

Nonprofiteer parses Forms 990, 990-EZ and 990-PF, in a window of recent tax years. These returns are recorded from the IRS e-file index, so their figures were extracted by that index rather than read from the return here — treat them as a different source from the filings above, not as more of the same record. A dash means the index carries no figure; Form 990-T listings carry none at all. Showing the 10 most recent; the API carries the rest.

Grants made

No itemized grants to organizations. Schedule I is filed only by organizations that granted more than $5,000 to a recipient, so most filers have none.

Grants received

No itemized grant names this organization as a recipient. Only grants over $5,000 are itemized, and only by filers of the full Form 990.

Taxable family

From Schedule R Parts I, III and IV: entities that legally are the filer, and taxable partnerships, corporations and trusts it is related to. These record ownership and control, not shared board members or money.

Other IRS files