EIN 53-0116720

Navy Mutual Aid Association

IRS 501(c) type
501(c)(23)
Num. employees
152
Year formed
1879
Most recent tax filings
2022-12-01
Description
And form 990, part iii, line 1:to provide members of the Navy, marines, coast guard, national oceanic and atmospheric administration,public health service, and honorably discharged veterans (collectively the "sea services") life insurance at as near the actual net cost as possible, assist members of the sea services and other uniformed personnel and their families in securing federal benefits to which they may be legally entitled, and advise and educate uniformed personnel and their families on matters of financial security.
Total revenues
$302,645,360
2022
Total expenses
$298,110,759
2022
Total assets
$3,300,429,651
2022
Num. employees
152
2022

Program areas at Navy Mutual Aid Association

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 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 a federally recognized veterans service organization, Navy Mutual presents educational programs to members of the uniformed services and their families in order to assist them in understanding military survivor benefits.

Personnel at Navy Mutual Aid Association

NameTitleCompensation
Adam MullinsChief Financial Officer / Chief Fianancial Officer / Vice President , Finance and Accounting / Vice President of Finance and Accounting / Vice President Finance and Accounting / Director , Finance and Accounting$461,245
Sangeeta JacobChief Strategy Officer / Chief Operating Officer / Senior Vice President , Operations and Solutions and Technology / Vice President of Operations / Vice President Operations / Vice President , Business Process Reeng$291,593
James MalteseSenior Vice President , Investments$454,354
Lindsay McFarlandVice President , Member Services$318,473
Miranda DedjaVice President , Human Resources , Facilities and Administration / Director , Administration and Facilities$435,200
...and 15 more key personnel

Financials for Navy Mutual Aid Association

RevenuesFYE 12/2022
Total grants, contributions, etc.$0
Program services$131,836,152
Investment income and dividends$165,930,258
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$1,314,915
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$3,564,035
Total revenues$302,645,360

Form 990s for Navy Mutual Aid Association

Fiscal year endingDate received by IRSFormPDF link
2022-122023-11-14990View PDF
2021-122022-11-15990View PDF
2020-122021-11-05990View PDF
2018-122020-01-03990View PDF
2017-122019-03-15990View PDF
...and 10 more Form 990s

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Data update history
January 5, 2024
Posted financials
Added Form 990 for fiscal year 2022
January 4, 2024
Updated personnel
Identified 3 new personnel
December 25, 2023
Used new vendors
Identified 3 new vendors, including , , and
July 29, 2023
Posted financials
Added Form 990 for fiscal year 2021
July 6, 2023
Updated personnel
Identified 8 new personnel
Nonprofit Types
Fraternal societiesMutual assistance organizationsInsurance companiesMilitary and veteran charities
Issues
Military and veterans
Characteristics
Operates internationally
General information
Address
29 Carpenter Rd - Henderson Hall
Arlington, VA 22204
Metro area
Washington-Arlington-Alexandria, DC-VA-MD-WV
County
Arlington County, VA
Website URL
navymutual.org/ 
Phone
(800) 628-6011
Facebook page
NavyMutual 
Twitter profile
@navymutual 
IRS details
EIN
53-0116720
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1879
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
Y40: Fraternal Beneficiary Societies and Voluntary Employees Associations
NAICS code, primary
52411: Direct Life, Health, and Medical Insurance Carriers
Parent/child status
Independent
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