Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in May 2008.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
100 cents of each dollar spent went to programs.
Form 990 Part IX, line 25. Every line is in By the numbers.
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Who runs it and what they're paid
14 people listed on the 990; $432K paid to officers and key staff.
Brice N Smith Non-Voting’s $345K as President is at the 94th percentile of top reported officer pay among 731 $1–10M public & societal benefit nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 6 named individuals · Part VII
| Name | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Brice N Smith Non-Voting | $345,057 | $328,453 | $295,612 | $281,780 | $274,828 | — |
| Brice N Smith | — | — | — | — | — | $266,115 |
| Cheryl a Stone Non-Voting | — | $161,927 | $196,266 | $182,854 | $177,577 | — |
| Cheryl a Stone | — | — | — | — | — | $165,680 |
| James McKee | — | — | — | $842 | — | — |
| Daniel Parker | — | — | — | $792 | — | — |
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
Offers affordable life insurance and survivor benefits to members.
Questions for Armed Services Mutual Benefit Association
Your first name shows with your question. Armed Services Mutual Benefit Association answers here, for everyone.
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The association provides for its members a variety of low cost benefit programs and financial security in the form of life insurance and survivor benefit coverages, which are not otherwise readily available at reasonable rates or without limiting clauses (such as war) to members of the armed services due to their occupation and the risks…
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2020 990, line by line.
Download 990
| Line | Start FY20 | End FY20 |
|---|---|---|
| Cash and savingsLn 1–2 | $2.1M | $4.2M |
| InvestmentsLn 11–13 | $40.4M | $37.1M |
| Land, buildings, equipmentLn 10c | $3.8M | $3.8M |
| Total assetsLn 16 | $53.1M | $51.5M |
| LiabilitiesLn 26 | $32.7M | $34.3M |
| Net assetsLn 32 | $20.5M | $17.3M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $99K | |||
| Pay of current officers, directors and key staffLn 5 | $520K | |||
| Other salaries and wagesLn 7 | $190K | |||
| Pension plan contributionsLn 8 | $49K | |||
| Other employee benefitsLn 9 | $20K | |||
| Payroll taxesLn 10 | $38K | |||
| Legal feesLn 11b | $54K | |||
| Accounting feesLn 11c | $30K | |||
| Investment management feesLn 11f | $30K | |||
| Advertising and promotionLn 12 | $86K | |||
| Office expensesLn 13 | $97K | |||
| OccupancyLn 16 | $100K | |||
| TravelLn 17 | $803 | |||
| Conferences, conventions and meetingsLn 19 | $2K | |||
| Depreciation, depletion and amortizationLn 22 | $12K | |||
| InsuranceLn 23 | $13K | |||
| Other expenses (24a–d)Ln 24 | $5.3M | |||
| All other expensesLn 24e | $28K | |||
| Total functional expensesLn 25 | $6.6M |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest | $8.6M | $5.5M | $3.1M | $31.1M | 990 PDF |
| FY2024 | $7.9M | $5.9M | $2.0M | $27.4M | 990 PDF |
| FY2023 | $7.5M | $5.9M | $1.6M | $22.6M | 990 PDF |
| FY2022 | $7.7M | $7.2M | $469K | $22.2M | 990 PDF |
| FY2021 | $7.0M | $8.4M | −$1.3M | $20.5M | 990 PDF |
| FY2020 Viewing | $7.6M | $6.6M | $1.0M | $17.3M | 990 PDF |
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Schedules filed Part IV
See the full FY2020 990 (6 parts)
Part I · Summary $7,641,969 revenue, 12 lines filed
Part VI · Governance 7 of 7 board members independent, no flags
Part VIII · Statement of revenue $7,641,969 across 6 lines filed
Part IX · Statement of functional expenses $6,641,253 across 18 lines filed
Part X · Balance sheet $51,537,152 assets, 14 lines filed
Part XI · Reconciliation of net assets $17,268,150 net assets at year end
Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File
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