2020-07-07T11:54:51-07:00 2019-12-31 990 2019-01-01 390494090 NATIONAL MUTUAL BENEFIT NATI 6088331936 6522 Grand Teton Plaza Madison WI 537192912 Steven Reindl Secretary/VP-Operations 6088331936 2020-07-07 69.129.221.90 2019 2020-11-06 18:47:13Z Daniel L Shinnick 6522 Grand Teton Plaza Madison WI 537192912 36172507 0 0532 X www.nmblife.org 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. 5 4 105 17977 0 0 0 0 37820673 36172507 0 0 0 0 37820673 36172507 0 0 25373213 24892411 5800861 5876423 0 0 0 4854878 4964849 36028952 35733683 1791721 438824 342336050 344960028 307303255 307487196 35032795 37472832 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 840608 FRATERNAL ACTVITIES AND PROGRAMS - The following is a report of expenditures, activities and programs of National Mutual Benefit and its branches completed in 2019 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: $54,700 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: 199, Volunteer Hours: 48,412, Total amount of payments: $79,693, Local Scholarships: $8,380 3. The 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, as well as fundraisers held by branches not utilizing matching funds. Events: 22, Volunteer Hours: 12,755, Branches raised: $235,436, NMB matched: $43,475, Total Disbursed: $278,911 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: 56, Volunteer Hours: 9,915, Payments: $14,697 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: 2 Regional, Hours: 6,800, Payments: $90,468 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: 35, Volunteer Hours: 2,656, Payments: $6,826 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: 95, Hours: 624, Payments: $21,298 8. Fraternal Services support includes other activity and resources to implement and oversee its national fraternal mission. Payments: $74,277 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. Events: 32, Volunteer Hours: 260, Payments: $0, Also in-kind services: Admin/Printing 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: $1,500 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: $831 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: $0 -- 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. One policy issued in 2019 at $7,500 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: $39,593 F. Orphan Income Benefit: Offers an eligible orphan a monthly allowance for their care, maintenance and education through age 18. Payments: $0 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: $25,000 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 2019. 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. 34893074 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: 31,079 0 0 0 35733682 0 0 0 0 0 0 0 1 0 1 0 1 0 1 0 1 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 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 50 0 X X 357913 0 74099 Steven G Reindl SVP-Finance/Secretary/Treasurer 40 0 X 236822 0 75584 Jared M Bruley SVP-Marketing & Sales 40 0 X 159514 0 43349 Anne D Rogers Vice President - Fraternal 40 0 X 120057 0 57097 Becky L Helmberger District Manager-Dakotas Agency 40 0 X 108913 0 38029 Eric D Garland GM-Independent Agencies 40 0.25 X 111607 0 22274 Jenna M Dunker SVP-Market Development 40 0.5 X 109187 0 22967 George F Yanna Former Director 0 0 X 100822 0 25733 Kent L Stadler District Manager-Wisconsin River Agency 40 0 X 112019 0 8962 Michelle M Maffet VP-Member Services 40 0 X 80477 0 9177 Nicolas O McCullick VP-Change Champions 40 0.25 X 79639 0 7306 John T McHugh Jr Independent Director 3 0 X 46040 0 35270 Maureen A O'Hern Hahn Independent Director 3 0 X 44990 0 0 Thomas R Johnson Independent Director 3 0 X 43940 0 0 Nancy Nelson Heykes Independent Director 3 0 X 42890 0 0 John E Rashke Former Director 0 0 X 34625 0 0 1789455 0 419847 9 1 1 0 SLC Management 22635 NE Marketplace Dr Ste 160 Redmond WA 98053 Bond Investment Managers 481808 EXL Service Holdings Inc 320 Park Ave 29th Floor New York NY 10017 Technology 295146 Griffith Ballard & Company 100 1st Ave NE Ste 117 Cedar Rapids IA 52401 Actuarial Consultants 186455 Examone World Wide PO Box 201392 Dallas TX 753201392 Medical Underwriting Service 122647 4 0 Insurance Premiums 524113 18221608 18221608 0 0 Investment Income 524113 16022687 16022687 0 0 Realized Capital Gains 524113 593223 593223 0 0 Gains-PostRetirement Benefit Res. 524113 347385 347385 0 0 Amortization of IMR 524113 256567 256567 0 0 731037 731037 0 0 36172507 0 0 0 0 0 36172507 36172507 0 0 0 0 0 24892411 1621555 0 2904979 268401 727364 354124 0 37742 272038 0 0 559719 148116 74293 497022 503629 0 350004 111042 0 40152 0 0 231887 80733 Commissions/Fieldworkers Expense 1154696 Fraternal Activities 320391 Deferred Compensation Benefit Reserve 300317 Change in Non-Admitted Assets 186695 96373 35733683 0 0 0 -193994 -253444 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 2500971 1794609 776822 706362 0 0 0 0 336551632 339524298 0 0 5201590 4982812 342336050 344960028 638316 637712 0 0 14602 16419 0 0 18066 18066 0 0 0 0 0 0 306632271 306814999 307303255 307487196 X 0 0 0 0 35032795 37472832 35032795 37472832 342336050 344960028 438824 2001213 0 0 0 0 X 0 1 X 1 0 0 1 X 0 476000 476000 0 2024971 1794609 230362 0 0 0 0 0 0 0 0 0 0 0 0 706362 Bonds and Surplus Debentures 316573823 C Common Stock 13104551 F Cash Equivalents 6722026 F Contract Loans 3123898 C 339524298 0 Reserves - Life, Annuity, A&H 281927860 Liability for Deposit-Type Contracts 10684582 Post-Retirement Benefit Reserve 4889848 Asset Valuation Reserve 2935905 Deferred Compensation Reserve 3288245 Contract Claims Life & A&H 1787496 Refund Payable - Not yet Apportioned 347367 Interest Maintenance Reserve 415787 Escheat Items 265980 Remittances & Items not allocated 129714 Payables for Securities 80020 Fieldworker Credit Balances 62195 306814999 37246865 2001213 0 0 0 2001213 35245652 926855 0 926855 36172507 34806829 0 0 0 0 0 34806829 926854 0 926854 35733683 Schedule D, Part IV, Line 2b In 2019, 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. Europe (including Iceland and Greenland) 0 0 Investments 15291338 East Asia and the Pacific 0 0 Investments 9563716 North America (including Canada and Mexico, but not the United States) 0 0 Investments 4332398 Central America and the Caribbean 0 0 Investments 1000000 0 0 30187452 0 0 0 0 0 0 X 0 1 X X X 0 0 0 Daniel L Shinnick President/CEO 313287 0 42447 0 2179 0 41400 0 35840 0 435153 0 0 0 Steven G Reindl SVP-Finance/Secretary/Treasurer 212025 0 16220 0 8577 0 37123 0 40462 0 314407 0 0 Anne D Rogers Vice President - Fraternal 117119 0 0 0 2938 0 27612 0 30672 0 178341 0 0 0 Jared M Bruley SVP-Marketing & Sales 150272 0 1897 0 7345 0 30381 0 13803 0 203698 0 0 0 George F Yanna Former Director 44335 0 0 0 56487 0 0 0 25832 0 126654 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 one highest employee in 2019. Gross-up payments for a sales incentive trip were completed for two officers and two highest-compensated employees in 2019. 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. 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 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. Board members are also asked to declare any conflicts at the beginning of board and committee meetings. 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 - 2/2020, Secretary/SVP-Finance/Treasurer - 2/2020, SVP-Market Development - 2/2020, VP-Fraternal - 2/2020, SVP-Marketing & Sales - 2/2020, VP-Change Champions - 2/2020, VP-Member Services - 2/2020. 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. NMB Services Inc 6522 Grand Teton Plaza Madison WI 53719 391826998 Specialty Membership Services WI National Mutual Benefit C 36000 24057 1 1 National Mutual Benefit Corporate Agency Inc 6522 Grand Teton Plaza Madison WI 53719 391503828 Insurance Broker WI National Mutual Benefit C 45113 22813 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 0 0