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BAPTIST LIFE ASSOCIATION

BUFFALO, NY · EIN 160341875 · Form 990 · FY2021 · Medium ($1M-$10M)
revenue
$2.1M
expenses
$3.0M
net assets
$278K
employees
2
volunteers
1,000
mission · from form 990

BAPTIST LIFE ASSOCIATION IS A FRATERNAL BENEFICIARY SOCIETY PROVIDING LIFE, SICK, ACCIDENT, OR OTHER BENEFITS TO ITS MEMBERS.

profile · synthesized from sources

Baptist Life Association is a fraternal beneficiary society based in Buffalo, NY, providing life, sickness, accident, and other insurance-type benefits to its members. As a member-supported organization, it operates under a mutual aid model where benefits are funded through member contributions. The organization serves individuals affiliated with Baptist communities, primarily in New York.

named programs · 1 · from sources

What they call their work

Life and Health Benefit Program
Provides life, sickness, accident, and related financial benefits to members of the Baptist Life Association
activities · 1 group

What they do

  • Death Benefit Payments to Members 1 activity
    • Provides fraternal benefits to members
      Offers life, sickness, accident, or other benefits to its members as a fraternal beneficiary society, operating under a defined membership structure and benefit framework.
financials · form 990 · fy2021
revenue
Total revenue$2.11M
Contributions & grants$00%
Program service revenue$2.11M100%
Investment income$00%
Other revenue$0
expenses
Total expenses$2.99M
Program expenses
Admin / overhead
Fundraising
Salaries & benefits$214K
Grants paid out$0
Largest expense lineCompensation
balance sheet
Total assets$26.38M
Cash$0
Investments$26.38M
Liabilities$26.10M
Net assets$278K
Liquid reserves106.0 mo
2 years on record · 2020–2021 · YoY revenue -5.4%
leadership · form 990 part vii · fy2021

Who runs it

paid leadership · 9
NameTitleHours/wkCompensation
ARMSTRONG JEFFERY A PRESIDENT 37 $131K
WOODARD STEVEN J CHAIRMAN 1 $6K
JERGE JESSE J SECRETARY/TREASURER 1 $5K
MURPHY RICHARD H VICE CHAIRMAN 1 $5K
BULLIS KELLY J DIRECTOR 1 $4K
HATFIELD JUDITH A DIRECTOR 1 $4K
HART DEBORAH R DIRECTOR 1 $3K
RUTH JOHN A DIRECTOR 1 $3K
WULF PAUL J DIRECTOR 1 $3K