Special Agents Mutual Benefit

Not tax-deductible

Rockville, MDMutual-benefit / member-servingSince 1976Mutual / membership EIN 52-1074154Revenue $259.5M in FY2024

On file with the IRSsambaplans.com11301 Old Georgetown Rd, 20852-2860 · Rockville, MDTax-exempt since Jan 1950

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To sponsor and administer the samba Benefit plan for its membership.

$2.5M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Pay: Part VII

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FY2024 · Form 990Independent: from IRS data, not the org
Download 990
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average deficit $4.0M a year · 2% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Pay to officers and key staff
$2.5M
to officers and key staff · 0.9% of spending
Looks good: pay to officers and key staff is 1% of spending; 15% or less.
Pt VII · Sec A
3 mo
of spending, in cash
Plus $161.6M in investments, Pt X · Ln 11–13
Fine: 2.6 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$57.4M
23% of total assets
Looks good: liabilities are 23% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$259.5M
+5% vs prior year
Spent
$282.7M
Net assets
$192.1M
By yearFY2020–FY2024
Revenue
$259.5M
FY2024▲ +5%
Tap a bar for its year
Revenue by fiscal year
FY2020$254.6M
FY2021$241.8M
FY2022$239.3M
FY2023$248.3M
FY2024$259.5M
Expenses
$282.7M
FY2024▲ +6%
Tap a bar for its year
Expenses by fiscal year
FY2020$222.3M
FY2021$240.1M
FY2022$252.8M
FY2023$265.7M
FY2024$282.7M
Net assets
$192.1M
FY2024▲ +10%
Tap a bar for its year
Net assets by fiscal year
FY2020$152.0M
FY2021$163.1M
FY2022$153.6M
FY2023$174.4M
FY2024$192.1M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jan 1950.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Who runs it and what they're paid

16 people listed on the 990; $2.5M paid to officers and key staff.

Part VII, Section A · reportable compensation
Acting Exec Dir(thru 9/30/24)
$364,488Pt VII · Sec A
Executive Director
$341,249Pt VII · Sec A
Compliance & Special Proj Dir.
$278,912Pt VII · Sec A
IT Director
$255,666Pt VII · Sec A
Executive Director Emeritus
$235,582Pt VII · Sec A
Controller/CFO
$233,759Pt VII · Sec A
Claims System Lead
$233,397Pt VII · Sec A
Health Plans Director
$211,585Pt VII · Sec A

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Walter E Wilson—$537,174$583,758$575,711$561,255
Pamela Cummings$364,488$374,324$329,089$312,346$316,836
Pamela Lynch$341,249$286,506$240,842$215,504$205,647
Laurence Gross$278,912$261,629$236,156$222,529$221,863
William Martin$255,666$228,929$205,034$189,319$188,135
John R Martucci———$182,241$242,223
Walter Wilson$235,582————
Nayana Rajapakse$233,759$192,497—$138,606—

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Administers the Samba Benefit Plan for its members.

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1 program · in their own filed words · FY2024
01

Sponsored health, group term life, disability, accident, dental and vision benefits for approximately 123,667 members.

Pt IX · col B

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$259.5M
Ln 12
Fees for servicesLn 2g$246.2M
Investment incomeLn 3$13.3M
Other incomeLn 4–11$131K
Money outPt IX
$282.7M
Ln 25
Owns and owesPt X
$192.1M
net assets · Ln 32
Cash and savingsLn 1–2$60.7M
Total assetsLn 16$249.6M
LiabilitiesLn 26$57.4M
PeoplePt VI, VII
16
listed · VII A
PaidVII A15
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$246.2M
Investment incomeLn 3$13.3M
Other incomeLn 4–11$131K
Gains on assetsLn 7$7.4M
Total revenueLn 12$259.5M
Assets in detailPt X, end of year
CashLn 1$525
SavingsLn 2$60.7M
Cash and savings togetherLn 1–2$60.7M
InvestmentsLn 11–13$161.6M
Land, buildings, equipmentLn 10c$2.1M
Other assetsLn 15$3.1M
Total assetsLn 16$249.6M
LiabilitiesLn 26$57.4M
Net assetsLn 32$192.1M
OperationsPt I, VI
EmployeesI 558
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$51.5M$60.7M
InvestmentsLn 11–13$143.7M$161.6M
Land, buildings, equipmentLn 10c$2.2M$2.1M
Total assetsLn 16$227.4M$249.6M
LiabilitiesLn 26$53.0M$57.4M
Net assetsLn 32$174.4M$192.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$257.5M
Pay of current officers, directors and key staffLn 5$1.3M
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$6.1M
Pension plan contributionsLn 8$991K
Other employee benefitsLn 9$1.1M
Payroll taxesLn 10$514K
Management feesLn 11a$0
Legal feesLn 11b$128K
Accounting feesLn 11c$281K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$432K
Other fees for servicesLn 11g$9.4M
Advertising and promotionLn 12$0
Office expensesLn 13$1.8M
Information technologyLn 14$1.9M
RoyaltiesLn 15$0
OccupancyLn 16$189K
TravelLn 17$11K
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$644K
InsuranceLn 23$177K
Other expenses (24a–d)Ln 24$284K
Total functional expensesLn 25$282.7M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $259.5M$282.7M−$23.1M$192.1M 990 PDF
FY2023 $248.3M$265.7M−$17.4M$174.4M 990 PDF
FY2022 $239.3M$252.8M−$13.5M$153.6M 990 PDF
FY2021 $241.8M$240.1M$1.7M$163.1M 990 PDF
FY2020 $254.6M$222.3M$32.4M$152.0M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support J · Pay O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $259,545,577 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $244,429,028$246,164,498
I-10 Investment incomePrior year $3,873,010$13,250,543
I-11 Other revenuePrior year $0$130,536
I-12 Total revenuePrior year $248,302,038$259,545,577
I-13 Grants and similar amounts paidPrior year $6,000$0
I-14 Benefits paid to membersPrior year $243,668,109$257,452,768
I-15 Salaries and benefitsPrior year $9,293,125$9,931,278
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $12,760,163$15,291,920
I-18 Total expensesPrior year $265,727,397$282,675,966
I-19 Revenue less expensesPrior year −$17,425,359−$23,130,389
Part VI · Governance 6 of 6 board members independent, no flags
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $259,545,577 across 9 lines filed
VIII-1h Total contributions, gifts and grants$0
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $246,164,498$246,164,498
VIII-3 Investment incomeRelated to mission $0 · Unrelated business $0 · Excluded from tax $5,882,611$5,882,611
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assetsExcluded from tax $7,367,932$7,367,932
VIII-8 Net income from fundraising events$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $130,536$130,536
VIII-12 Total revenueRelated to mission $246,295,034 · Unrelated business $0 · Excluded from tax $13,250,543$259,545,577
Part IX · Statement of functional expenses $282,675,966 across 30 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$257,452,768
IX-5 Pay of current officers, directors and key staff$1,277,631
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$6,077,477
IX-8 Pension plan contributions$991,099
IX-9 Other employee benefits$1,071,428
IX-10 Payroll taxes$513,643
IX-11a Management fees$0
IX-11b Legal fees$127,532
IX-11c Accounting fees$281,054
IX-11d Lobbying fees$0
IX-11f Investment management fees$432,244
IX-11g Other fees for services$9,389,936
IX-12 Advertising and promotion$0
IX-13 Office expenses$1,849,678
IX-14 Information technology$1,905,062
IX-15 Royalties$0
IX-16 Occupancy$189,354
IX-17 Travel$11,027
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$644,305
IX-23 Insurance$177,297
IX-24 Other expenses (24a–d)$284,431
IX-25 Total functional expenses$282,675,966
Part X · Balance sheet $249,566,532 assets, 22 lines filed
X-1 Cash, non-interest-bearingStart of year $525$525
X-2 Savings and temporary cash investmentsStart of year $51,481,571$60,684,902
X-3 Pledges and grants receivableStart of year $0$0
X-4 Accounts receivableStart of year $22,405,927$21,167,949
X-8 Inventories for sale or useStart of year $0$0
X-9 Prepaid expenses and deferred chargesStart of year $987,083$926,640
X-10c Land, buildings and equipment, netStart of year $2,165,686$2,067,322
X-11 Publicly traded securitiesStart of year $143,722,634$161,647,967
X-12 Other securitiesStart of year $0$0
X-13 Program-related investmentsStart of year $0$0
X-14 Intangible assetsStart of year $0$0
X-15 Other assetsStart of year $6,656,722$3,071,227
X-16 Total assetsStart of year $227,420,148$249,566,532
X-17 Accounts payable and accrued expensesStart of year $3,218,762$1,702,815
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $0$0
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-24 Unsecured notes and loans payableStart of year $0$0
X-25 Other liabilitiesStart of year $49,823,852$55,737,035
X-26 Total liabilitiesStart of year $53,042,614$57,439,850
X-32 Total net assets or fund balancesStart of year $174,377,534$192,126,682
X-33 Total liabilities and net assetsStart of year $227,420,148$249,566,532
Part XI · Reconciliation of net assets $192,126,682 net assets at year end
XI-1 Total revenue$259,545,577
XI-2 Total expenses$282,675,966
XI-3 Revenue less expenses−$23,130,389
XI-4 Net assets at start of year$174,377,534
XI-5 Net unrealized gains (losses) on investments$1,564,140
XI-9 Other changes in net assets$39,315,397
XI-10 Net assets at end of year$192,126,682

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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