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Nonprofit · EIN 62-0476257

UNITED STATES LETTER CARRIERS MUTUAL BENEFIT ASSOCIATION

Tax-exempt · WASHINGTON, DC 20001

Financials

$27M$24M2023$26.1M$22.9M2024
Revenue Expenses · by fiscal year end
Financials of UNITED STATES LETTER CARRIERS MUTUAL BENEFIT ASSOCIATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$26,077,967$22,930,223$3,147,744$257,078,132$209,794,579$47,283,553
December 31, 2023990$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.

NameTitleHours / weekCompensationFrom related orgsOther / benefits
BRIAN RENFROEPRESIDENT NALC
Officer
1$0$273,475$62,014
JIM YATESDIRECTOR OF LIFE INSURANCE
Officer
40$218,828$0$114,586
LAWRENCE WINFIELDSENIOR STAFF
Highest-paid employee
40$124,838$0$82,021
DANIEL GORELIKSENIOR STAFF
Highest-paid employee
40$134,840$0$62,216
CHARLES HEEGETRUSTEE
Trustee or director
1$0$42,970$84,633
SANDRA LAEMMELTRUSTEE
Trustee or director
1$0$43,289$79,592
LAWRENCE D BROWN JRCHAIRMAN/TRUSTEE
Trustee or director, Officer
1$0$43,605$9,181
990 for the year ended December 31, 2023: 7 people
NameTitleHours / weekCompensationFrom related orgsOther / benefits
BRIAN RENFROEPRESIDENT NALC
Officer
1$0$272,001$50,361
JIM YATESDIRECTOR OF LIFE INSURANCE
Officer
40$219,733$0$96,874
LAWRENCE WINFIELDSENIOR STAFF
Highest-paid employee
40$118,030$0$70,634
DANIEL GORELIKSENIOR STAFF
Highest-paid employee
40$130,841$0$54,705
SANDRA LAEMMELTRUSTEE
Trustee or director
1$0$43,268$77,965
CHARLES HEEGETRUSTEE
Trustee or director
1$0$42,312$61,469
LAWRENCE D BROWN JRCHAIRMAN/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.

990 for the year ended December 31, 2024

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 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
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

FormYear endedRevenueExpensesAssetsReturn
990December 2024$26,077,967$22,930,223$257,078,132IRS
990December 2023$26,976,258$24,036,281$259,578,677XML
990December 2022$30,807,068$32,751,858$265,140,459IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS
990December 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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