William Penn Association

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 250856580 ✦ Pittsburgh, PA ✦ Designated as a 501(c)(8)

Overview

What is William Penn Association?

The William Penn Association is a nonprofit organization located at 709 Brighton Road, Pittsburgh, PA 15233. With a workforce of 29 employees, they specialize in providing life insurance, annuities, and other fraternal benefits to their members. Their mission is centered around offering these services to ensure financial security and peace of mind for individuals associated with the association. The organization boasts an impressive presence, with over 25,000 certificates in force and a sizable amount of life insurance in force, totaling $338.5 million.


Official website here: www.wpalife.org

Is William Penn Association legitimate?

William Penn Association is a legitimate nonprofit organization registered as a 501(c)(8) entity. William Penn Association submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are not tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $965,801
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,075,068

For more financial information, click here


Official website here: www.wpalife.org

What is the mission statement of William Penn Association?

The William Penn Association is a fraternal organization dedicated to offering life insurance, annuities, and various other benefits to its members. The primary focus of this association is to provide financial security and peace of mind through these offerings. As of present, there are over 25,000 certificates in force, with a significant amount of life insurance in force totaling approximately $338.5 million. This organization serves as a safety net for its members, ensuring they are protected during uncertain times. The benefits provided not only include monetary assistance but also serve as a source of comfort and support for its members.


Official website here: www.wpalife.org

Who is the CEO of William Penn Association?

Diane M Torma is the National President of William Penn Association.


Official website here: www.wpalife.org

What is the revenue of William Penn Association?

William Penn Association's revenue in 2022 was $62,424,909.


Official website here: www.wpalife.org

Who are the executives of William Penn Association and what are their salaries?

The average compensation at William Penn Association during 2022 was $70,375. There are 29 employees at William Penn Association.

Here are 13 key members and their salaries:

    George S Charles Jr (National President) [Trustee/Director]
  • Compensation: $222,407
  • Related: $0
  • Other: $30,951

    • Diane M Torma (National Vp/Treasurer)
  • Compensation: $153,027
  • Related: $0
  • Other: $19,708

    • Robert G Bisceglia (National Sales Director)
  • Compensation: $131,426
  • Related: $0
  • Other: $37,038

    • Cassandra Holmes (National Vp/Secretary)
  • Compensation: $133,383
  • Related: $0
  • Other: $21,000

    • Steven F Charles (National Vp/Internal Opera)
  • Compensation: $133,465
  • Related: $0
  • Other: $11,273

    • Debra A Lewis (National Director)
  • Compensation: $27,906
  • Related: $0
  • Other: $8,504

    • Anne Marie Schmidt (National Director/Vcob)
  • Compensation: $27,475
  • Related: $0
  • Other: $7,720

    • Katherine E Novak (National Director/Cob)
  • Compensation: $24,577
  • Related: $0
  • Other: $8,504

    • Joyce E Nicholson (National Director)
  • Compensation: $22,618
  • Related: $0
  • Other: $8,696

    • James W Robertson (National Director)
  • Compensation: $23,034
  • Related: $0
  • Other: $7,564

    • Richard E Sarosi (National Director)
  • Compensation: $19,682
  • Related: $0
  • Other: $7,916

    • David M Kozak (National Director/Vcob)
  • Compensation: $18,438
  • Related: $0
  • Other: $6,734

    • Michael J Chobody (National Director)
  • Compensation: $17,356
  • Related: $0
  • Other: $3,863


  • Official website here: www.wpalife.org

    Where can I find the form 990 for William Penn Association?

    The William Penn Association’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.wpalife.org

    Learn more at the official website: www.wpalife.org

    Mission Statement of William Penn Association

    The William Penn Association is a nonprofit organization committed to offering life insurance, annuities, and other fraternal benefits to its members. Established with a mission to provide essential financial security, the Association has issued over 25,610 certificates in force and manages a substantial $338,510,612 of life insurance coverage on behalf of its members. The organization's primary goal is to ensure the financial well-being of its members by providing them with comprehensive insurance solutions and fraternal benefits. These benefits extend beyond mere financial protection, aiming to foster a sense of community and support among its members.

    Founded on the belief that financial stability is vital for individuals and their families, the William Penn Association has dedicated itself to providing reliable insurance coverage and additional fraternal benefits to its members. Through its range of offerings, the organization aims to help members plan for their future and weather the uncertainties of life with confidence. The Association's commitment to its members is evident in its impressive portfolio of over 25,000 active insurance policies. By offering various insurance products, the William Penn Association ensures that its members have access to the coverage they need to protect their loved ones and secure their financial future.

    Impact

    This information is meant to be a general summary of William Penn Association. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    William Penn Association's impact lies in providing life insurance, annuities, and other fraternal benefits to its members. With 25,610 certificates in force and $338,510,612 of life insurance in force, the association plays a critical role in ensuring the financial security and well-being of its members. This commitment to providing essential financial protection underscores the organization's mission to support its members through life insurance, annuities, and other fraternal benefits.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $27,333,754
  • Program Service Revenue: $34,990,041
  • Gross Receipts: $72,042,500

    • Assets and Liabilities:
  • Total Assets: $569,411,329
  • Total Liabilities: $521,932,607
  • Net Assets: $47,478,722
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    PREMIUMS AND ANNUITY INCOME

    Revenue

    $34,812,613

    AMORTIZATION OF IMR

    Revenue

    $177,428

    Organization Details

    Founding Year

    1886

    Principal Officer

    Diane M Torma

    Main Address

    709 BRIGHTON ROAD, PITTSBURGH, PA, 152331821

    NTEE Category

    Code: Y40 - Mutual benefit

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