Overview
What is Betterlife?
Betterlife is a fraternal benefit society based in the United States, with a mission to provide both insurance products and services, as well as fraternal programs and benefits for its members. The organization supports its branches through subsidies and incentives, with a focus on community involvement and service projects. These initiatives include scholarship programs, blood donation drives, and support for emergency services, schools, and senior citizens. Betterlife also offers grants for fundraisers and matching funds, family activities, and educational opportunities. Additionally, they provide fraternal benefits like disaster assistance, disease support, and family care programs for members. The society operates under a representative form of government, with members eligible to vote, and is organized into local branches throughout the United States.
Official website here: www.betterlifeins.com
Is Betterlife legitimate?
Betterlife is a legitimate nonprofit organization registered as a 501(c)(8) entity. Betterlife 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: $2,574,190
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,551,708
For more financial information, click here
Official website here: www.betterlifeins.com
What is the mission statement of Betterlife?
Betterlife, as a fraternal benefit society, is committed to offering meaningful programs and benefits to its members, alongside top-notch insurance products and services. Fraternal bonds are fortified among members through charitable, educational, and volunteer initiatives that instill family values and foster community improvement. These programs demonstrate patriotism towards the country and extend assistance to those in need.
Official website here: www.betterlifeins.com
Who is the CEO of Betterlife?
Craig A Van Dyke is the President/Chief Investment Officer of Betterlife. The CEO's salary of Betterlife is $403,696 and their total compensation is $504,219.
Official website here: www.betterlifeins.com
What is the revenue of Betterlife?
Who are the executives of Betterlife and what are their salaries?
The average compensation at Betterlife during 2022 was $44,391. There are 138 employees and 5,245 volunteers at Betterlife.
Here are 23 key members and their salaries (Betterlife's CEO's salary is $403,696 and their total compensation is $504,219):
- Daniel L Shinnick (Ceo/Board Chair/Chief Member Advocate) [Trustee/Director]
- Craig A Van Dyke (President/Chief Investment Officer) [Trustee/Director]
- Donald M Nieland (Svp-It/Secretary)
- Angel L Thomas (Svp-Member Experience)
- Jared M Bruley (Svp-Member Acquisition)
- Jenna M Dunker (Svp-Finance And Treasurer)
- Phyllis A Heleniak (Vp-Direct To Consumer)
- Joseph A Dumond (Director, Independent Sales)
- Michelle M Maffet (Vp-Member Services)
- Anne D Rogers (Former Officer)
- Steven G Reindl (Former Officer)
- Thomas R Johnson (Former Director)
- David J Schlesser (Vp-National Sales)
- George F Yanna (Former Officer)
- Mary K Bradley (Independent Director)
- Maria Ferrante-Schepis (Independent Director)
- Nancy Nelson Heykes (Independent Director)
- Michael S Hosek (Independent Director)
- Duane J Jirik (Independent Director)
- John T Mchugh Jr (Independent Director)
- Maureen O'Hern Hahn (Independent Director)
- Brenda L Stone Sullivan (Independent Director)
- John E Rashke (Former Director)
Official website here: www.betterlifeins.com
Where can I find the form 990 for Betterlife?
The Betterlife’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.betterlifeins.com
Learn more at the official website: www.betterlifeins.com
Mission Statement of Betterlife
Betterlife, a Fraternal Benefit Society, is dedicated to enriching the lives of its members through a combination of charitable, educational, and volunteer programs, as well as offering top-notch insurance products and services. This mission goes beyond mere financial security, aiming to foster a sense of community and fellowship among members.
By encouraging family values, Betterlife strives to create a supportive network where members can come together and strengthen their bonds. The organization believes in the power of giving back to society and improving communities, which is why it offers various opportunities for volunteers to make a difference. Moreover, Betterlife expresses its commitment to the country by promoting patriotism and supporting those in need.
The fraternal aspect of Betterlife sets it apart from traditional insurance societies, as it emphasizes the importance of community and mutual assistance. Through its charitable initiatives, members have the chance to make a positive impact on others' lives, creating a sense of fulfillment and unity. Educational programs provide opportunities for personal growth and knowledge expansion, contributing to the overall well-being of members.
Betterlife's mission is multifaceted, focusing not only on the provision of insurance products and services but also on the strengthening of its members through engaging and meaningful fraternal programs. By fostering a sense of belonging and encouraging active participation in community-building efforts, Betterlife offers its members more than just insurance; it provides a sense of purpose and connection.
Impact
This information is meant to be a general summary of Betterlife. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Betterlife's impact can be seen in the various ways it supports its members and communities. Through its fraternal activities and programs, Betterlife provides financial assistance, organizes service projects, and promotes family values and community involvement. By offering grants for fundraisers, disaster relief benefits, scholarships, and support for orphaned children, Betterlife is able to make a positive difference in the lives of its members. Additionally, the organization's focus on educational leadership and patriotism helps to instill important values in its members and contribute to the betterment of society.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Investment Income
Revenue
$26,425,093
Insurance Premiums
Revenue
$18,897,055
Gains-PostRetirement Benefit Res
Revenue
$1,573,694
Amortization of IMR
Revenue
$1,232,348
Change in Asset Valuation Reserve
Revenue
$1,062,768
Organization Details
Founding Year
1897
Phone
(608) 833-1936
Principal Officer
Craig A Van Dyke
Main Address
6522 Grand Teton Plaza, Madison, WI, 53719
Website
www.betterlifeins.com
NTEE Category
Code: Y40 - Mutual benefit
If you are a representative of Betterlife and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.