Nonprofit · EIN 62-0476257
UNITED STATES LETTER CARRIERS MUTUAL BENEFIT ASSOCIATION
Tax-exempt · WASHINGTON, DC 20001
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $26,077,967 | $22,930,223 | $3,147,744 | $257,078,132 | $209,794,579 | $47,283,553 |
| December 31, 2023 | 990 | $26,976,258 | $24,036,281 | $2,939,977 | $259,578,677 | $216,613,321 | $42,965,356 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $12,939,915
- Investment income
- $13,138,052
- Net gain from sales of assets
- $3,818,179
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Benefits paid to members
- $18,440,438
- Compensation of officers, directors and key employees
- $289,340
- Other salaries and wages
- $981,142
- Salaries, compensation and benefits (total)
- $1,989,259
- Professional fundraising fees
- $0
- Legal fees
- $97,428
- Accounting fees
- $56,500
- Occupancy
- $414,925
- Travel
- $1,125
Balance sheet and other
- Total assets, start of year
- $259,578,677
- Total assets, end of year
- $257,078,132
- Total liabilities, end of year
- $209,794,579
- Net assets, end of year
- $47,283,553
- Land, buildings and equipment
- $44,895
- Publicly traded securities
- $251,276,962
- Gross receipts
- $29,259,788
- Employees
- 15
- Volunteers
- 0
- Year formed
- 1891
- State of legal domicile
- TN
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.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| BRIAN RENFROE | PRESIDENT NALC Officer | 1 | $0 | $273,475 | $62,014 |
| JIM YATES | DIRECTOR OF LIFE INSURANCE Officer | 40 | $218,828 | $0 | $114,586 |
| LAWRENCE WINFIELD | SENIOR STAFF Highest-paid employee | 40 | $124,838 | $0 | $82,021 |
| DANIEL GORELIK | SENIOR STAFF Highest-paid employee | 40 | $134,840 | $0 | $62,216 |
| CHARLES HEEGE | TRUSTEE Trustee or director | 1 | $0 | $42,970 | $84,633 |
| SANDRA LAEMMEL | TRUSTEE Trustee or director | 1 | $0 | $43,289 | $79,592 |
| LAWRENCE D BROWN JR | CHAIRMAN/TRUSTEE Trustee or director, Officer | 1 | $0 | $43,605 | $9,181 |
990 for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| BRIAN RENFROE | PRESIDENT NALC Officer | 1 | $0 | $272,001 | $50,361 |
| JIM YATES | DIRECTOR OF LIFE INSURANCE Officer | 40 | $219,733 | $0 | $96,874 |
| LAWRENCE WINFIELD | SENIOR STAFF Highest-paid employee | 40 | $118,030 | $0 | $70,634 |
| DANIEL GORELIK | SENIOR STAFF Highest-paid employee | 40 | $130,841 | $0 | $54,705 |
| SANDRA LAEMMEL | TRUSTEE Trustee or director | 1 | $0 | $43,268 | $77,965 |
| CHARLES HEEGE | TRUSTEE Trustee or director | 1 | $0 | $42,312 | $61,469 |
| LAWRENCE D BROWN JR | CHAIRMAN/TRUSTEE Trustee or director, Officer | 40 | $0 | $44,236 | $8,753 |
Address and contacts
- Address (IRS master file)
- 100 INDIANA AVE NW STE 510, WASHINGTON, DC 20001-2159
- In care of
- % TAHA SEID
- Principal officer (990 for 2024)
- JAMES W YATES, 100 INDIANA AVENUE NW ste 510, WASHINGTON, DC 20001
- Signed the 990
- JAMES W YATES, DIR. OF LIFE INS.
- Phone
- (202) 638-4318
- Return prepared by
- WITHUMSMITHBROWNPC
Mission
THE UNITED STATES LETTER CARRIERS MUTUAL BENEFIT ASSOCIATION IS THE LIFE INSURANCE DEPARTMENT OF THE NATIONAL ASSOCIATION OF LETTER CARRIERS, AN I.R.C. SEC. 501(C)(5) LABOR ORGANIZATION. THE MUTUAL BENEFIT ASSOCIATION IS A FRATERNAL ORGANIZATION THAT PROVIDES LIFE, ANNUITY, AND DISABILITY INSURANCE FOR ITS MEMBERS.
Program accomplishments
- PROVIDED LIFE, ANNUITY, AND DISABILITY INSURANCE PRODUCTS TO MEMBERS OF THE MUTUAL BENEFIT ASSOCIATION AND THEIR DEPENDENTS.
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 62-0476257
- Tax-exempt status
- 501(c)(5): Labor, agricultural or horticultural organization
- Donations deductible
- No
- Exempt since
- 1940
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $257,078,132
- Income (IRS master file)
- $29,259,788
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $26,077,967 | $22,930,223 | $257,078,132 | IRS |
| 990 | December 2023 | $26,976,258 | $24,036,281 | $259,578,677 | XML |
| 990 | December 2022 | $30,807,068 | $32,751,858 | $265,140,459 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | 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 62-0476257).
Questions about UNITED STATES LETTER CARRIERS MUTUAL BENEFIT ASSOCIATION
- What is the EIN of UNITED STATES LETTER CARRIERS MUTUAL BENEFIT ASSOCIATION?
- The employer identification number (EIN) of UNITED STATES LETTER CARRIERS MUTUAL BENEFIT ASSOCIATION is 62-0476257.
- Is UNITED STATES LETTER CARRIERS MUTUAL BENEFIT ASSOCIATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(5) since 1940.
- Are donations to UNITED STATES LETTER CARRIERS MUTUAL BENEFIT ASSOCIATION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does UNITED STATES LETTER CARRIERS MUTUAL BENEFIT ASSOCIATION 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 UNITED STATES LETTER CARRIERS MUTUAL BENEFIT ASSOCIATION 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 UNITED STATES LETTER CARRIERS MUTUAL BENEFIT ASSOCIATION 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 UNITED STATES LETTER CARRIERS MUTUAL BENEFIT ASSOCIATION?
- The 990 for the year ended December 31, 2024 names JAMES W YATES.
- Who are the officers and directors of UNITED STATES LETTER CARRIERS MUTUAL BENEFIT ASSOCIATION?
- The 990 for the year ended December 31, 2024 lists 7 people; 3 received compensation from the organization.
- How much revenue does UNITED STATES LETTER CARRIERS MUTUAL BENEFIT ASSOCIATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $26,077,967, expenses of $22,930,223 and total assets of $257,078,132 at year end.
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