2021-05-11T10:18:54-07:00 2020-12-31 990 2020-01-01 390494090 NATIONAL MUTUAL BENEFIT NATI 6088331936 6522 Grand Teton Plaza Madison WI 537192912 Steven Reindl Secretary/VP-Operations 6088331936 2021-05-11 1 11 0 AAL2 2020 2022-09-23 18:48:47Z X Daniel L Shinnick 6522 Grand Teton Plaza Madison WI 537192912 36708977 0 0532 X www.betterlifeins.com X 1916 WI Fraternal Benefit Society - As a fraternal benefit insurance society, our mission is to provide meaningful fraternal programs and benefits for our members as well as high quality insurance products and services. We strengthen our members fraternally through charitable, educational and volunteer programs that encourage family values, help improve communities, support patriotism for our country and help others in need. X 5 4 105 3548 0 0 0 0 36172507 36708977 0 0 0 0 36172507 36708977 0 0 24892411 24363057 5876423 5658744 0 0 0 4964849 8421853 35733683 38443654 438824 -1734677 344960028 0 307487196 0 37472832 0 Fraternal Benefit Society - As a fraternal benefit insurance society, our mission is to provide meaningful fraternal programs and benefits for our members as well as high quality insurance products and services. We strengthen our members fraternally through charitable, educational and volunteer programs that encourage family values, help improve communities, support patriotism for our country and help others in need. 0 0 797976 0 0 FRATERNAL ACTVITIES AND PROGRAMS - The following is a report of expenditures, activities and programs of National Mutual Benefit and its branches completed in 2020 in fulfillment of the Society's fraternal character: 1. National Office Branch Support: Subsidies are sent to fraternal branches on a quarterly basis, based on the number of members in a geographic area. Payments range from $100 - $600 per quarter for 40 branches. Incentive cash awards for volunteer activity are presented in addition to quarterly payments. Total amount of payments: $49,800 2. The Community Benefit program offers additional grants to branches for service projects organized by NMB members to help people with basic needs. NMB members are actively involved in organizing activities that impact: scholarship programs, blood donation drives, fire and police departments, city and county parks, crime prevention programs, food pantries, schools, homeless shelters, senior citizens, and children, essay, photo and coloring contests, book and school supply drives, after-school activities, i.e. post-prom parties, and service projects. The Society also makes annual donations to community organizations that assist youth and families. Local branch activities provide financial resources for local libraries, school literacy programs, and safety programs. Events: 183, Volunteer Hours: 6,598, Total amount of payments: $57,520, Local Scholarships: $2,750 3. The Fundraiser and Matching Funds program offers grants to branches when sponsoring a fundraiser benefit for a member or non-member in dire financial need due to illness, accident or disaster. Funds raised locally by branches are then matched up to $2,500 per recipient by the Society. Each branch can apply for up to $5,000 per year. Hours and events for Matching Funds Benefit fundraisers are included here. Events: 7, Volunteer Hours: 2,074, Branches raised: $52,100, NMB matched: $36,225, Total Disbursed: $88,325 4. Family activities that create positive family life and strengthen families by bringing them together for free or subsidized events, i.e. movies, dinners, bowling, bike rides, sporting events, water park outings, etc. These activities include members and nonmembers alike. Events: 13, Volunteer Hours: 110, Payments: $1,832 5. Educational leadership opportunities: Regional fraternal leadership seminars are held for training and motivating member volunteers and representatives to organize successful outreach programs for fellow members and their communities. Events: 1 Regional, Hours: 3,120, Payments: $52,535 6. Patriotic programs and activities are encouraged nationally and through the branches, such as organizing annual Flag Day observances, American flag donations to local schools and support of programs to improve quality of life for active troops and veterans. Events: 8, Volunteer Hours: 47, Payments: $1,572 7. Fraternal support includes activity by members that maintains the branch as a unit; includes events that assist in the development of the branch such as business meetings, committee work, record keeping, and the organization of activities for members and their families, along with printing and mailing of flyers & posters to membership for fundraisers, service projects, family & patriotic events. Events: 86, Hours: 477, Payments: $11,916 8. Fraternal Services support includes other activity and resources to implement and oversee its national fraternal mission. Payments: $11,602 9. Stony Hill School, Fredonia, Wisconsin. National Mutual Benefit has adopted this one-room schoolhouse recognized on the National Register of Historic Places as the birthplace of National Flag Day. The Society underwrites upkeep of Stony Hill School and its educational programs. However, related events were cancelled due to COVID in 2020. Events: 0, Volunteer Hours: 0, Payments: $0 10. FRATERNAL BENEFIT PROGRAM: Members are eligible for these non-contractual fraternal benefits, at no additional cost, over and above their insurance coverage. A. Disaster Benefit: A grant of up to $1,500 will be provided to members for out-of-pocket expenses, not reimbursed by a relief agency or insurance, incurred by loss from hurricane, tornado, earthquake, or loss of entire house to fire or wind. Payments: $0 B. Disease Benefit: A grant of up to $1,500 will be provided for out-of-pocket unreimbursed expenses incurred from a number of specific diseases. Payments: $698 C. Family Fraternal Benefit -- Newborn Death Benefit: a $2,500 death benefit is provided when a live-born infant dies less than 60 days after birth. Payment: $2,500 -- Newborn Guaranteed Insurance: A guarantee that a live-born infant can be insured at standard rates for up to $5,000 of permanent life insurance regardless of the infant's health. This insurance takes effect on the infant's 60th day of life. No policy issued in 2020 D. Loss of Sight and Dismemberment: Up to $5,000 for loss of both hands, both feet, or loss of sight in both eyes; or any combination of one foot and hand. Up to $2,500 for loss of one hand, foot, or loss of sight in one eye. Payments: $0 E. Member Magazine: The Society publishes a magazine, The Benefit News, at least twice annually which is mailed to every member household. The magazine highlights fraternal activity, insurance products and services, the financial condition of the Society, and items of general interest to the membership. Payments: $47,411 F. Orphan Income Benefit: Offers an eligible orphan a monthly allowance for their care, maintenance and education through age 18. Payments: $9,100 G. Orphan Scholarship Benefit: A fraternal grant is offered up to $3,000 per year for tuition or maintenance provided the orphaned child enrolls full time in an accredited technical or vocational school, college or university. Payments: $0 H. National Volunteer Scholarship Program: All National Mutual Benefit members, age 25 and under, are eligible to apply. Up to 30 scholarships are awarded to young adults involved in civic and volunteer action in their respective communities, who are pursuing undergraduate or technical degrees. Payments: $23,000 I. National Photo Contest: All National Mutual Benefit members, any age, are eligible to enter categorical photographs they have taken in the past year and possibly receive cash prizes for winning photographs. Payments: $3,000 Representative Form of Government. The entire adult voting membership is eligible to vote by casting a ballot. Every four years ballots are sent to adult members, age 16 and over, to elect outside members of the national board of directors of the Society. No election in 2020. Lodge System. National Mutual Benefit has local fraternal lodges (called Branches). They are organized in the states of Wisconsin, Illinois, Minnesota, North Dakota, and South Dakota. Every member of NMB is assigned to the branch closest to their residence. Each branch holds planning meetings, elects its own governing body (biennially), carries on its business in an assigned geographic area and organizes benevolent, charitable, community, educational, family, and patriotic activities according to the Society Bylaws. 37645678 0 0 INSURANCE ACTIVITIES: The primary purpose of the insurance activities of National Mutual Benefit is to accomplish the exempt purpose of the fraternal benefit society rather than to produce income. Number of members: 30,010 0 0 0 38443654 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 1 1 0 0 1 0 0 1 105 1 0 0 0 0 0 0 0 0 X 5 4 0 0 0 0 1 1 0 1 1 1 1 1 1 1 1 1 1 0 1 1 0 IN X Steven G Reindl 6088331936 6522 Grand Teton Plaza Madison WI 537192912 Daniel L Shinnick President/CEO 40 0 X X 390087 0 91262 Steven G Reindl SVP-Finance/Secretary/Treasurer 40 0 X 257491 0 60208 Jared M Bruley SVP-Member Acquisition 40 0 X 176904 0 45097 Anne D Rogers Vice President - Fraternal 40 0 X 135267 0 76710 Eric D Garland GM-Independent Agencies 40 0.25 X 138211 0 26650 Jenna M Dunker SVP-Market Development 40 0.5 X 114291 0 23375 Brian M Passehl Sales Director 40 0.5 X 111993 0 8959 Michelle M Maffet VP-Member Services 40 0 X 101008 0 11332 George F Yanna Former Director 0 0 X 96275 0 12236 Nicolas O McCullick VP-Change Champions 40 0.25 X 95532 0 8576 John T McHugh Jr Independent Director 3 0 X 49453 0 43940 Ellie H Roekle VP-Human Resources 40 0 X 44978 0 12597 Maureen A O'Hern Hahn Independent Director 3 0 X 48928 0 0 Nancy Nelson Heykes Independent Director 3 0 X 48403 0 0 Thomas R Johnson Independent Director 3 0 X 48140 0 0 John E Rashke Former Director 0 0 X 34625 0 0 Angel L Thomas SVP-Member Experience 40 0 X 20985 0 1679 Susan Sachatello VP-Member Engagement 40 0 X 1923 0 0 1914494 0 422621 8 1 1 0 SLC Management 22635 NE Marketplace Dr Ste 160 Redmond WA 98053 Bond Investment Managers 496884 Griffith Ballard & Company 100 1st Ave NE Ste 117 Cedar Rapids IA 52401 Actuarial Consultants 183373 MVP Advisory Group LLC 830 West Main St Ste 46 Lake Zurich IL 60047 Technology Consultants 158050 InsuranceMined LLC 3391 Ponderosa Rd Ste 100 Shingle Springs CA 95682 Direct Distribution Consultant 131237 4 0 Insurance Premiums 524113 17388156 17388156 0 0 Investment Income 524113 15170377 15170377 0 0 Change in Non-Admitted Assets 524113 2145472 2145472 0 0 Realized Capital Gains 524113 915843 915843 0 0 Amortization of IMR 524113 310374 310374 0 0 778755 778755 0 0 36708977 0 0 0 0 0 36708977 36708977 0 0 0 0 0 24363057 1920164 0 2649352 246405 508540 334283 0 58372 277060 0 0 567969 97920 117219 1174692 1132126 0 350004 88149 0 39704 0 0 2225220 84901 Commissions/Fieldworkers Expense 1010548 Fraternal Activities 492779 Deferred Compensation Benefit Reserve 392935 Change in Asset Valuation Reserve 234147 78108 38443654 0 0 0 -253444 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 706362 0 0 0 0 0 339524298 0 0 0 4982812 0 344960028 0 637712 0 0 0 16419 0 0 0 18066 0 0 0 0 0 0 0 306814999 0 307487196 0 X 0 0 0 0 37472832 0 37472832 0 344960028 0 X -1734677 219747 0 0 0 -35957902 X 0 1 1 0 0 0 X 36044067 219747 0 0 0 219747 35824320 884657 0 884657 36708977 37558997 0 0 0 0 0 37558997 884657 0 884657 38443654 Schedule D, Part IV, Line 2b Branch funds obtained by closing unused branch bank accounts are held by the Society until new branches are established in those areas and the funds can be deposited into new bank accounts. X 0 1 X X X 0 0 0 Daniel L Shinnick President/CEO 333706 0 53213 0 3168 0 61800 0 33074 0 484961 0 0 0 Steven G Reindl SVP-Finance/Secretary/Treasurer 202641 0 46285 0 8565 0 28301 0 33908 0 319700 0 0 0 Anne D Rogers Vice President - Fraternal 130572 0 428 0 4267 0 47228 0 30581 0 213076 0 0 0 Jared M Bruley SVP-Member Acquisition 153602 0 14102 0 9200 0 32255 0 14512 0 223671 0 0 0 Eric D Garland GM-Independent Agencies 129483 0 6061 0 2667 0 9302 0 18664 0 166177 0 0 0 George F Yanna Former Director 33743 0 0 0 62532 0 0 0 12335 0 108610 0 0 0 John E Rashke Former Director 0 0 0 0 34625 0 0 0 0 0 34625 0 0 0 Schedule J, Part I, Line 1a Tax indemnification and Gross-up Payments - Gross-up payments for taxable use of company cars were completed for three officers and two highest employees in 2020. All gross-up payments were treated as taxable compensation. Schedule J, Part I, Line 1b All expenses are reviewed by an officer of the Society and limited to those necessary for the travel to and from the event and reasonable meal expenses while at the event. Schedule J, Part I, Line 3 A board appointed compensation committee annually reviews the compensation of the CEO along with the other officers of the organization. Outside salary surveys of similar fraternal benefit societies, data concerning similar positions in the area, the performance and financial status of the society, general cost of living/inflation increases, and general economic conditions are taken into consideration. The recommendations of the compensation committee are then considered by the full board of directors and are either approved or modified. IT Consultants 2020-12-31 451891 Actual Cost 420594470 BetterLife 6522 Grand Teton Plaza Madison WI 53719 501(c)(8) Marketing Consultants 2020-12-31 158467 Actual Cost 420594470 BetterLife 6522 Grand Teton Plaza Madison WI 53719 501(c)(8) Public Accountants and Actuaries 2020-12-31 27760 Actual Cost 420594470 BetterLife 6522 Grand Teton Plaza Madison WI 53719 501(c)(8) Bonds 2020-12-31 308310768 Book Value 420594470 BetterLife 6522 Grand Teton Plaza Madison WI 53719 501(c)(8) Common Stocks 2020-12-31 13031665 Book Value 420594470 BetterLife 6522 Grand Teton Plaza Madison WI 53719 501(c)(8) Cash and Cash Equivalents 2020-12-31 5102370 Book Value 420594470 BetterLife 6522 Grand Teton Plaza Madison WI 53719 501(c)(8) Investment Income Due and Accrued 2020-12-31 3684787 Book Value 420594470 BetterLife 6522 Grand Teton Plaza Madison WI 53719 501(c)(8) Mortgages (First Liens) 2020-12-31 3283913 Book Value 420594470 BetterLife 6522 Grand Teton Plaza Madison WI 53719 501(c)(8) Contract Loans 2020-12-31 3013362 Book Value 420594470 BetterLife 6522 Grand Teton Plaza Madison WI 53719 501(c)(8) Other Invested Assets 2020-12-31 1577438 Book Value 420594470 BetterLife 6522 Grand Teton Plaza Madison WI 53719 501(c)(8) Miscellaneous Assets 2020-12-31 2225045 Book Value 420594470 BetterLife 6522 Grand Teton Plaza Madison WI 53719 501(c)(8) 1 1 0 0 0 1 1 0 0 Schedule N, Part I, Line 1 The organization merged with another 501(c)(8) effective January 1, 2021. Please see attached merger documents. Schedule N, Part I, Line 2 Thomas R. Johnson, Nancy Nelson-Heykes, Maureen O'Hern Hahn, and John McHugh, Jr. all became a director of the successor organization. Daniel Shinnick, Steven Reindl, Jenna Dunker, Anne Rogers, Jared Bruley, Michelle Maffet, Nicolas McCullick, Angel Thomas, and Ellie Roekle all became employees of the successor organization. Schedule N, Part I, Line 3 Per our attached merger documents, all assets and liabilities were transferred to the successor organization. Form 990, Part VI, Section A, Line 6 National Mutual Benefit is a mutual fraternal benefit insurance society and is therefore owned by its policyholder members. Form 990, Part VI, Section A, Line 7a National Mutual Benefit's members elect the four independent directors every four years. Form 990, Part VI, Section A, Line 9 Nancy Nelson Heykes PO Box 6, Hazelhurst, WI 54531; Thomas R Johnson 2800 Marledge St, Madison, WI 53711; John T McHugh Jr. 5702 State Hwy 71, Sparta, WI 54656; Maureen O'Hern Hahn 4 Meadowbrook Lane, Appleton, WI 54914; Susan Sachatello 3092 Edenberry St, Fitchburg, WI 53711. Form 990, Part VI, Section B, Line 11b The accounting department completed the Form 990 and gave a copy to the SVP-Finance/Secretary/Treasurer to review. Following the SVP-Finance/Secretary/Treasurer review, the President/CEO and SVP-Market Development were given copies to review. The completed 990 was then emailed to the four independent directors for their review. Form 990, Part VI, Section B, Line 12c Conflict of interest questionnaires are required from all officers, directors and key employees annually stating any conflict they may have. If there are any stated, the governing body determines any needed action. Form 990, Part VI, Section B, Line 15 A board-appointed compensation committee annually reviews the compensation of the CEO along with the other officers of the organization. Outside salary surveys of similar fraternal benefit societies, data concerning similar positions in the area, the performance and financial status of the society, general cost of living/inflation increases, and general economic conditions are taken into consideration. The recommendations of the compensation committee are then considered by the full board of directors and are either approved or modified. Information regarding the positions to which this process applies and the latest review periods follow: President/CEO - 6/2020, Secretary/SVP-Finance/Treasurer - 6/2020, SVP-Market Development - 6/2020, VP-Fraternal - 6/2020, SVP-Member Acquisition - 6/2020, VP-Change Champions - 6/2020, VP-Member Services - 6/2020, VP-Human Resources - 7/2020, VP-Member Engagement - 5/2020, VP-Member Experience - 11/2020. Form 990, Part VI, Section C, Line 19 The governing documents are filed with our state of domicile (Wisconsin) when any changes are made, published periodically in our official publication "The Benefit News" and available upon request. The financial statements are published annually in "The Benefit News" and are filed quarterly with the NAIC and with the states that require them. The conflict of interest policy is available upon request. Form 990, Part XI, Line 9 The organization merged with another 501(c)(8) effective January 1, 2021. All assets and liabilities, and thus net assets, were transferred to the successor organization. The total net assets involved in this transfer were $35,957,902. NMB Services Inc 6522 Grand Teton Plaza Madison WI 53719 391826998 Specialty Membership Services WI National Mutual Benefit C 14689 33845 1 1 National Mutual Benefit Corporate Agency Inc 6522 Grand Teton Plaza Madison WI 53719 391503828 Insurance Broker WI National Mutual Benefit C 9533 15630 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 0 0