Skip to main content
IRS-authorized e-file provider · not the IRS

Nonprofit · EIN 42-0594470

BETTERLIFE

Tax-exempt · MADISON, WI 53717

Financials

$64.3M$69.7M2023$63.5M$69.2M2024
Revenue Expenses · by fiscal year end
Financials of BETTERLIFE by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$63,526,747$69,224,196-$5,697,449$586,620,274$526,401,594$60,218,680
December 31, 2023990$64,263,803$69,734,945-$5,471,142$603,847,920$539,054,123$64,793,797
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$63,526,747
Investment income
$0
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Benefits paid to members
$35,889,294
Compensation of officers, directors and key employees
$2,799,498
Other salaries and wages
$4,160,459
Salaries, compensation and benefits (total)
$8,515,897
Professional fundraising fees
$0
Legal fees
$257,434
Accounting fees
$551,354
Occupancy
$350,004
Travel
$323,130
Depreciation
$392,896

Balance sheet and other

Total assets, start of year
$603,847,920
Total assets, end of year
$586,620,274
Total liabilities, end of year
$526,401,594
Net assets, end of year
$60,218,680
Land, buildings and equipment
$578,440
Gross receipts
$63,526,747
Employees
88
Volunteers
28,677
Year formed
1897
State of legal domicile
WI

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
Christopher CampbellBoard Chair/CEO/President
Trustee or director, Officer
40$555,540$67,598
Matthew P MikulcikChief Operating Officer
Officer
40$301,443$72,983
Derek J MetcalfCFO
Officer
40$270,707$71,426
Angel L ThomasSVP-Member Experience
Officer
40$211,170$67,341
Craig A Van DykeFormer Officer and Director
Former
0$228,042$19,254
Jenna M DunkerSVP-Strategic Initiatives/Corporate Secretary
Officer
40$194,244$24,244
Rebecca K LureenManager-Independent Sales
Highest-paid employee
40$204,607$6,568
William J RuttenExternal Wholesaler/Senior Sales Director
Highest-paid employee
40$180,185$25,423
Donald M NielandSVP-IT/Secretary
Officer
40$173,518$19,557
David J SchlesserVP-National Sales
Officer
40$155,964$30,408
Mary F HaleDirector-Member Sales
Highest-paid employee
40$120,689$38,310
Sean M DaileySenior Director-Actuarial Pricing and Product Design
Highest-paid employee
40$142,538$12,861
Michelle M MaffetVP-Member Services
Officer
40$138,515$16,457
Kaye R DeMartinoVP-Talent Management
Officer
40$147,246$4,417
Phyllis A HeleniakVP-Direct to Consumer
Highest-paid employee
40$118,908$2,846
13 more people on this return
NameTitleHours / weekCompensationOther / benefits
George F YannaFormer Director
Former
0$62,532$0
John T McHugh JrIndependent Director
Trustee or director
6$57,055$0
Mary K BradleyIndependent Director
Trustee or director
4$43,470$0
Maria Ferrante-SchepisIndependent Director
Trustee or director
4$43,470$0
Michael S HosekIndependent Director
Trustee or director
4$43,470$0
Duane J JirikIndependent Director
Trustee or director
4$43,470$0
Nancy Nelson HeykesIndependent Director
Trustee or director
4$43,470$0
Daniel L ShinnickIndependent Director
Trustee or director
4$43,470$0
Brenda L Stone SullivanIndependent Director
Trustee or director
4$43,470$0
Maureen O'Hern HahnFormer Director
Former
0$43,470$0
Thomas R JohnsonFormer Director
Former
0$40,000$0
Dudley J SimmonsChief Distribution Officer
Officer
40$33,904$1,017
John E RashkeFormer Director
Former
0$34,625$0
990 for the year ended December 31, 2023: 25 people
NameTitleHours / weekCompensationFrom related orgsOther / benefits
Daniel L ShinnickCEO/Board Chair/Chief Member Advocate/Independent Director
Trustee or director, Officer
22$372,461$0$65,064
Craig A Van DykePresident/Chief Investment Officer
Trustee or director, Officer
40$364,162$0$60,108
Christopher CampbellBoard Chair/CEO/President
Trustee or director, Officer
40$315,824$0$41,903
Angel L ThomasSVP-Member Experience
Officer
40$178,152$0$62,171
Donald M NielandSVP-IT/Secretary
Officer
40$172,247$0$58,805
David J SchlesserVP-National Sales
Officer
40$164,536$0$34,681
Phyllis A HeleniakVP-Direct to Consumer
Officer
40$178,464$0$10,460
Jenna M DunkerSVP-Finance and Treasurer/SVP-Strategic Initiatives
Officer
40$159,508$0$27,496
Rebecca K LureenManager-Independent Sales
Highest-paid employee
40$171,774$894$5,566
Michelle M MaffetVP-Member Services
Officer
40$130,479$0$21,434
Zachary J SnellDirector-Member and Community Engagement
Highest-paid employee
40$102,717$0$16,459
Nicolas O McCullickDirector-Management Support Services
Highest-paid employee
40$107,019$0$6,954
David G SobczakDirector-Sales Training and Support
Highest-paid employee
40$103,908$0$5,857
George F YannaFormer Director
Former
0$62,532$0$0
John T McHugh JrIndependent Director
Trustee or director
5$56,646$0$0
Mary K BradleyIndependent Director
Trustee or director
4$43,158$0$0
Nancy Nelson HeykesIndependent Director
Trustee or director
4$43,158$0$0
Michael S HosekIndependent Director
Trustee or director
4$43,158$0$0
Duane J JirikIndependent Director
Trustee or director
4$43,158$0$0
Maureen O'Hern HahnIndependent Director
Trustee or director
4$43,158$0$0
Brenda L Stone SullivanIndependent Director
Trustee or director
4$43,158$0$0
Maria Ferrante-SchepisIndependent Director
Trustee or director
4$43,158$0$0
Thomas R JohnsonFormer Director
Former
0$40,000$0$0
John E RashkeFormer Director
Former
0$34,625$0$0
Derek J MetcalfCFO
Officer
40$24,138$0$724

Address and contacts

Address (IRS master file)
901 DEMING WAY SUITE 303, MADISON, WI 53717-1964
In care of
% JACK MINDER
Principal officer (990 for 2024)
Christopher Campbell, 6522 Grand Teton Plaza, Madison, WI 53719
Signed the 990
Derek Metcalf, CFO
Phone
(608) 833-1936

Mission

Fraternal Benefit Society - As a fraternal benefit insurance society, our mission is to help our members protect their families' financial futures, build better lives, and better their communities.

990 for the year ended December 31, 2024

Program accomplishments

  • FRATERNAL ACTVITIES AND PROGRAMS - BetterLife provides activity funding to fraternal groups, varying in amount. Funds support various initiatives: A. Community Benefit: BetterLife members organize projects aiding scholarship programs, blood drives, and more. B. Fundraisers and Matching Funds: Grants are offered for fundraising events supporting members in need. C. Family Activities: Events like picnics and holiday parties foster family bonds. D. Educational Leadership: Seminars train volunteers for community outreach. E. Patriotic Programs: Support for Flag Day observances, veteran and school initiatives. F. Fraternal Support: Activities maintaining group cohesion and development. G. Fraternal Services: Resources for national mission implementation. 2024 Statistics for A-G: $378,831 Activity Payments; 28,677 Volunteer Hours; $41,727 Corporate Donations; $120,899 Fundraising Funds Raised; $22,015 Fundraising Funds Matched by BetterLife. FRATERNAL BENEFIT PROGRAM: BetterLife offers non-contractual fraternal benefits to members at no extra cost, alongside their life insurance coverage: A. Disaster Benefit: Grants of up to $1,500 for expenses incurred from natural disasters. B. Health Benefit: Grants of up to $1,500 for specific disease expenses. C. Family Fraternal Benefit: Includes newborn death benefit and guaranteed insurance. D. Family Benefit: Offers twenty $1,000 awards yearly for various family expenses. E. Member Magazine: Quarterly publication covering member activities and services. F. Orphan Income Benefit: Monthly allowance for orphan care until age 18. G. Orphan Scholarship Benefit: Up to $3,000 yearly for orphaned child education. H. National Scholarship Program: Awards scholarships to young members involved in community service. I. Members in Action: Grants up to $200 twice yearly for local service projects. 2024 Statistics for A-I: $0 (A), $24,500 (B); $5,000 (C); $14,000 (D); $155,556 (E); $9,600 (F); $2,000 (G); $73,500 (H); $8,172 (I). LODGE SYSTEM: BetterLife operates through local fraternal lodges known as Member Groups. Each member belongs to a specific group, which hosts planning meetings, biennial elections, and conducts activities within an assigned area. These groups adhere to Society bylaws and organize various benevolent, charitable, educational, and patriotic initiatives within their communities.
    Expenses $2,137,989
  • INSURANCE ACTIVITIES: The primary purpose of the insurance activities of BetterLife is to accomplish the tax-exempt purpose of the fraternal benefit society rather than to produce income. Number of members: 55,187
    Expenses $67,086,206

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
42-0594470
Tax-exempt status
501(c)(8): Fraternal beneficiary society
Donations deductible (Pub 78)
Organization other than a public charity or private foundation; Group exemption; Fraternal lodge, deductible only for charitable purposes
Exempt since
1940
Accounting year ends
December
Files
Form 990 or 990-EZ
Group exemption
0125 (107 member organizations)
Assets (IRS master file)
$586,620,274
Income (IRS master file)
$63,526,747

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$63,526,747$69,224,196$586,620,274IRS
990December 2023$64,263,803$69,734,945$603,847,920XML
990December 2022$51,179,407$62,754,257$622,297,981IRS
990December 2021$59,441,063$61,498,031$648,970,346IRS
990December 2020–––IRS
990December 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 42-0594470).

Questions about BETTERLIFE

What is the EIN of BETTERLIFE?
The employer identification number (EIN) of BETTERLIFE is 42-0594470.
Is BETTERLIFE tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(8) since 1940.
Are donations to BETTERLIFE tax-deductible?
Yes. It is listed in IRS Publication 78 (Organization other than a public charity or private foundation; Group exemption; Fraternal lodge, deductible only for charitable purposes).
Which annual return does BETTERLIFE file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of BETTERLIFE due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did BETTERLIFE last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of BETTERLIFE?
The 990 for the year ended December 31, 2024 names Christopher Campbell.
Who are the officers and directors of BETTERLIFE?
The 990 for the year ended December 31, 2024 lists 28 people; 28 received compensation from the organization, the highest $555,540 (Christopher Campbell, Board Chair/CEO/President).
How much revenue does BETTERLIFE have?
On its 990 for the year ended December 31, 2024 it reported revenue of $63,526,747, expenses of $69,224,196 and total assets of $586,620,274 at year end.

Organizations in its group exemption (107)

Other nonprofits in MADISON

All nonprofits in MADISON · Wisconsin