Luso-American Financial A Fraternal Benefit Society

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

EIN: 940401313 ✦ Dublin, CA ✦ Designated as a 501(c)(8)

Overview

What is Luso-American Financial A Fraternal Benefit Society?

Luso-American Financial is a fraternal benefit society based in Dublin, California, with over 19,000 members. They offer life and annuity products exclusively to the Portuguese-American community, while also fostering a unique organizational structure for fraternal, cultural, charitable, humanitarian, educational, and social activities. The Society, with a team of 12 employees, publishes two annual publications, enhancing the well-being of its policyholders and members, as well as contributing to various local, national, and international communities.


Official website here: www.luso-american.org

Is Luso-American Financial A Fraternal Benefit Society legitimate?

Luso-American Financial A Fraternal Benefit Society is a legitimate nonprofit organization registered as a 501(c)(8) entity. Luso-American Financial A Fraternal Benefit Society 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: $413,868
Professional Fundraising Fees: $0
Other Salaries and Wages: $311,021

For more financial information, click here


Official website here: www.luso-american.org

What is the mission statement of Luso-American Financial A Fraternal Benefit Society?

Luso-American Financial Fraternal Benefit Society is a organization that caters to over 19,000 members and publishes two publications yearly. The society offers life and annuity products to its members, primarily focusing on the Portuguese-American community. Its mission extends beyond insurance, as it also fosters fraternal, cultural, charitable, humanitarian, educational, and social activities. By doing so, it aims to improve the lives of its policyholders and members, as well as contribute to the betterment of local, national, and international communities.


Official website here: www.luso-american.org

Who is the CEO of Luso-American Financial A Fraternal Benefit Society?

Sue Nichols is the Controller of Luso-American Financial A Fraternal Benefit Society.


Official website here: www.luso-american.org

What is the revenue of Luso-American Financial A Fraternal Benefit Society?

Luso-American Financial A Fraternal Benefit Society's revenue in 2022 was $13,781,778.


Official website here: www.luso-american.org

Who are the executives of Luso-American Financial A Fraternal Benefit Society and what are their salaries?

The average compensation at Luso-American Financial A Fraternal Benefit Society during 2022 was $60,407. There are 12 employees and 2,000 volunteers at Luso-American Financial A Fraternal Benefit Society.

Here are 13 key members and their salaries:

    Sue Nichols (Controller)
  • Compensation: $174,890
  • Related: $0
  • Other: $0

    • Daniel Sequeira (Sales Director)
  • Compensation: $121,841
  • Related: $0
  • Other: $0

    • Esther Mahler (Corporate Secretary)
  • Compensation: $100,985
  • Related: $0
  • Other: $0

    • Anthony Pio (Corporate Secretary)
  • Compensation: $16,152
  • Related: $0
  • Other: $0

    • Gerard Batista (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Maritana Guadalupe (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Patricia M Larson (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Joseph F Machado (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Liz Motta (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Aires Pavao (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • John Perdigao (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Anthony G Sozinho (Chair Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Manuel Vieira (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.luso-american.org

    Where can I find the form 990 for Luso-American Financial A Fraternal Benefit Society?

    The Luso-American Financial A Fraternal Benefit Society’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.luso-american.org

    Learn more at the official website: www.luso-american.org

    Mission Statement of Luso-American Financial A Fraternal Benefit Society

    Luso-American Financial, a fraternal benefit society, serves over 19,000 members and publishes two publications annually. Established to cater to the Portuguese-American community, this organization offers life and annuity products to its members. In addition to financial security, Luso-American Financial fosters fraternal, cultural, charitable, humanitarian, educational, and social activities, contributing to the betterment of its policyholders and members. By implementing this unique organizational structure, the society creates opportunities to support various local, national, and international communities.

    Impact

    This information is meant to be a general summary of Luso-American Financial A Fraternal Benefit Society. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    Luso-American Financial A Fraternal Benefit Society's impact can be seen in its dedicated service to over 19,000 members of the Portuguese-American community. By providing life and annuity products tailored to their specific needs, the Society not only offers financial security but also fosters a sense of cultural identity and community solidarity. Through its organizational structure, Luso-American Financial facilitates fraternal, cultural, charitable, humanitarian, educational, and social activities that contribute to the betterment of its policyholders, members, and broader communities on local, national, and international levels. This comprehensive approach underscores the Society's commitment to enhancing the welfare and connectivity of its members while promoting the values and heritage of Portuguese-Americans.





    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: $6,699,925
  • Program Service Revenue: $6,666,388
  • Gross Receipts: $13,999,649

    • Assets and Liabilities:
  • Total Assets: $139,539,836
  • Total Liabilities: $133,755,116
  • Net Assets: $5,784,720
  • Programs

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

    Life Insurance and Annuity Premium

    Revenue

    $6,666,388

    Organization Details

    Founding Year

    1957

    Principal Officer

    Sue Nichols

    Main Address

    7080 Donlon Way Suite 200, Dublin, CA, 94568

    NTEE Category

    Code: Y40 - Mutual benefit

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