NAVY MUTUAL AID ASSOCIATION

As filed

Subsection

23

NTEE code

W30Z

Classification

1000

Street

29 CARPENTER RD

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

• 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 UNIFORMED 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.

• AS A FEDERALLY RECOGNIZED VETERANS SERVICE ORGANIZATION, NAVY MUTUAL PRESENTS EDUCATIONAL PROGRAMS TO MEMBERS OF THE UNIFORMED SERVICES AND THEIR FAMILIES TO ASSIST THEM IN UNDERSTANDING MILITARY SURVIVOR BENEFITS. FURTHER, UNDER OPNAV INSTRUCTION 1750.5A, NAVY MUTUAL IS DESIGNATED AS AN APPROVED EDUCATOR OF THE SURVIVOR BENEFIT PROGRAM AND NAVY MUTUAL'S ROLE, AS AN AUTHORIZED NON-PROFIT ORGANIZATION, EXTENDS TO PROVIDING FINANCIAL LITERACY EDUCATION AND TRAINING ON DOD INSTALLATIONS NATIONWIDE AND OVERSEAS IN ACCORDANCE WITH DOD INSTRUCTION 1322.34. THESE SERVICES ARE IN SUPPORT OF THE FINANCIAL READINESS OF SERVICE MEMBERS AND PROVIDED AT NO COST TO THE DOD.

• AS A FEDERALLY RECOGNIZED 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, INCLUDING REPRESENTATION BEFORE THE VETERANS BENEFITS ADMINISTRATION AND BOARD OF VETERANS' APPEALS.

As filed on the 2024 return.

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.

The first 25 listed. 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

  $284,879,145

  Expenses

  $280,136,104

  Contributions

  $0

  Grants paid

  $0

• 2023

  Revenue

  $311,762,010

  Expenses

  $317,606,151

  Contributions

  $0

  Grants paid

  $0

• 2022

  Revenue

  $302,645,360

  Expenses

  $298,110,759

  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

  $252,544,818

  Expenses

  $241,942,435

  Assets (EOY)

  $3,268,377,418

• 2020 · 990

  Revenue

  $255,120,080

  Expenses

  $249,394,879

  Assets (EOY)

  $3,244,413,996

• 2019 · 990

  Revenue

  $255,614,699

  Expenses

  $248,600,100

  Assets (EOY)

  $3,184,755,036

• 2018 · 990

  Revenue

  $250,230,031

  Expenses

  $248,840,732

  Assets (EOY)

  $3,124,123,706

• 2017 · 990

  Revenue

  $259,115,626

  Expenses

  $248,728,952

  Assets (EOY)

  $3,076,919,282

• 2016 · 990

  Revenue

  $252,271,084

  Expenses

  $235,593,661

  Assets (EOY)

  $3,003,952,104

• 2015 · 990

  Revenue

  $279,717,085

  Expenses

  $240,998,240

  Assets (EOY)

  $2,925,614,194

• 2014 · 990

  Revenue

  $250,613,872

  Expenses

  $240,673,242

  Assets (EOY)

  $2,848,318,132

• 2013 · 990

  Revenue

  $253,112,277

  Expenses

  $223,023,690

  Assets (EOY)

  $2,779,441,493

• 2012 · 990

  Revenue

  — not reported

  Expenses

  $219,125,939

  Assets (EOY)

  $2,696,874,214

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