Overview
What is The Independent Order Of Foresters?
The Independent Order of Foresters is a fraternal benefit society and nonprofit organization, headquartered at 789 Don Mills Road, Toronto, Ontario, Canada (M3C 1T9). With a presence in the United States, Canada, and the United Kingdom, Foresters boasts a membership base of over 2.4 million individuals. The organization offers various financial services, including life, health, and annuity benefits, which cost approximately $733 million to provide, excluding actuarial reserves. Foresters fosters a unique sense of community among its members through local volunteer opportunities and family-focused events, making it more than just an insurer. Its mission is to improve the well-being of its members, their families, and their local communities, as guided by the member-governed Branch network. Overall, Foresters is a nonprofit organization dedicated to enhancing the lives of its members and promoting community engagement.
Official website here: www.foresters.com
Is The Independent Order Of Foresters legitimate?
The Independent Order Of Foresters is a legitimate nonprofit organization registered as a 501(c)(8) entity. The Independent Order Of Foresters 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: $19,187,730
Professional Fundraising Fees: $0
Other Salaries and Wages: $56,659,246
For more financial information, click here
Official website here: www.foresters.com
What is the mission statement of The Independent Order Of Foresters?
The Independent Order of Foresters is a fraternal benefit society dedicated to improving the well-being of its members, their families, and their communities. Through its member-governed branches, Foresters offers opportunities for local volunteer activities and family events. The organization's purpose is encapsulated in its common bond, which champions the well-being of its members by providing quality life insurance, unique member benefits, and inspiring community activities. Foresters' mission is member-driven, with a focus on enhancing the livelihoods of its members and their loved ones. Approximately 2.45 million members across the United States, Canada, and the United Kingdom benefit from Foresters' insurance offerings, which include life, health, and annuity plans. The cost of providing these benefits totals approximately $733 million annually, excluding changes in actuarial reserves.
Official website here: www.foresters.com
Who is the CEO of The Independent Order Of Foresters?
Rene Zanin is the Global Chief Legal Officer & Chief Compliance Officer And Corporate Secretary of The Independent Order Of Foresters. The CEO's salary of The Independent Order Of Foresters is $1,594,275 and their total compensation is $1,594,275.
Official website here: www.foresters.com
What is the revenue of The Independent Order Of Foresters?
The Independent Order Of Foresters's revenue in 2022 was $843,418,120.
Official website here: www.foresters.com
Who are the executives of The Independent Order Of Foresters and what are their salaries?
The average compensation at The Independent Order Of Foresters during 2022 was $972,397. There are 78 employees and 3,495 volunteers at The Independent Order Of Foresters.
Here are 58 key members and their salaries (The Independent Order Of Foresters's CEO's salary is $1,594,275 and their total compensation is $1,594,275):
- James R Boyle (Ceo Advisor)
- Louis Gagnon (President And Chief Executive Officer)
- David Longfritz (Chief Global Marketing Officer)
- Mathew Berman (President, Foresters Us)
- Alvin Sharma (Global Chief Financial Officer)
- Mehul Kapadia (Global Chief Information Officer)
- Rene Zanin (Global Chief Legal Officer & Chief Compliance Officer And Corporate Secretary)
- Marcia Mendes-D'Abreu (Chief Human Resources Officer)
- Guarav Upadhya (Global Chief Actuary & Chief Risk Officer)
- Mark Rush (Chief Distribution Officer, Us Sales)
- Nicole Gourley (Former Global Chief Membership And Marketing Officer)
- Jon Stephen Mcdonald (Vice President, Special Projects)
- Trudy Engel (Vice President & Chief Valuation Actuary)
- Bruce Burak (Avp, Us Sales)
- Parker Brown (General Counsel, Legal Services)
- Charles Morrison (Avp, Us Sales)
- Kelly Steinmetz (Avp, Us Sales)
- Sujeether Kumareswaran (Vice President, Actuarial Transformation And Ifrs17)
- Caroline Rendall (Vice President, Risk)
- Patricia Colavita (Svp And Chief Internal Auditor)
- Ken Adams (Vice President, Total Rewards)
- Douglas Parrott (Assistant Vice President, Chief Underwriter-North America)
- Pratibha Canaran (Vp, Global Tax & Financial Initiatives)
- Clark Wagner (Investment Professional)
- David Sullivan (Avp, Claims, Compensation And Contracting)
- Meghan Seybold (Vice President, Talent Management & Business Partners)
- Daniel J Fortin (Director)
- Js Ledoux (Assistant Vice President, Product Management)
- Christine Tessier (Chief Investment Officer)
- Julia Fantilli (Vp, Us Customer Service And New Business)
- Gerry Salvatore (Assistant Vice President, Sales Operations & Business Development)
- Lou Gatto (Avp, Procurement & Vendor Management)
- Nagesh Chawla (Assistant Vice President, Enterprise Architecture And Information Security)
- Mikhail Groysman (Avp, Financial Reporting And Research)
- Wendy Mao (Assistant Vice President, Us Reporting)
- Richard P Hennick (Director)
- Ian Collins (Avp, North American Market Conduct Compliance And Senior Legal Counsel)
- Terence Chan (Vice President, Finance)
- Jeremy Wing (Avp, Product Actuarial)
- Baltej Gill (Assistant Vice President, Member Experience)
- Vivian Yip (Assistant Vice President, Business Planning)
- Kris Sarkissian (Avp, It Operations)
- Wendy A Watson (Director)
- Robert Lamoureux (Director)
- Katherine A Bardswick (Director)
- Sonia Ameena Boxendale (Director)
- Robert W Wight (Director)
- Michael Lombardi (Director)
- Michael P Stramaglia (Director)
- Christopher Stranahan (Director)
- James M Bowden (Director)
- Martha E Marcon (Director)
- Frank N Carrington Lochan (Director)
- Linda Watters (Director)
- Gino Scapillati (Director)
- Shelly Herman (Director)
- Cindy Worley (Director)
- Janice Madon (Director)
Official website here: www.foresters.com
Where can I find the form 990 for The Independent Order Of Foresters?
The The Independent Order Of Foresters’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.foresters.com
Learn more at the official website: www.foresters.com
Mission Statement of The Independent Order Of Foresters
The Independent Order of Foresters, a member-governed fraternal benefit society, is dedicated to enhancing the well-being of its members, their families, and their local communities. With a strong focus on community service, Foresters offers its members various opportunities to volunteer and engage in family-oriented events through its Branch network.
Foresters' mission, as stated in its Common Bond, is to champion the welfare of its members, their families, and the communities where they reside. This commitment is demonstrated through the provision of quality life insurance, exclusive member benefits, and inspiring community activities. The organization prides itself on being member-governed, allowing its members to have a direct voice in its operations.
Approximately 2,447,407 members across the United States, Canada, and the United Kingdom reap the benefits of Foresters' insurance offerings, including life, health, and annuity plans. The total cost of providing these membership benefits amounts to approximately $733 million, excluding changes in actuarial reserves. Through its insurance products and unique benefits, The Independent Order of Foresters strives to improve the lives of its members and their families, while fostering a sense of community and togetherness.
Impact
This information is meant to be a general summary of The Independent Order Of Foresters. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
The impact of The Independent Order of Foresters is significant, as it provides financial services products and unique benefits to its members and their families. Through its member-governed Branch network, Foresters offers opportunities for members to participate in volunteer activities and family-focused events. This model of community service allows Foresters to enhance the well-being of its members, their families, and their local communities.
Foresters provides insurance benefits, including life, health, and annuity benefits, to approximately 2,447,407 members in the United States, Canada, and the United Kingdom. The organization's commitment to providing these membership benefits amounted to approximately $733 million, excluding changes in actuarial reserves.
Overall, The Independent Order of Foresters plays a crucial role in championing the well-being of its members, their families, and the communities where they reside. Through quality life insurance, unique member benefits, and inspiring community activities, Foresters fulfills its mission of serving its members and promoting the betterment of local neighborhoods.
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.
Premium & Annuity Consideration
Revenue
$739,836,317
Organization Details
Founding Year
1881
Phone
(416) 429-3000
Principal Officer
Rene Zanin
Website
www.foresters.com
NTEE Category
Code: Y40 - Mutual benefit
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