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Gbu Financial Life

Organization summary

Type of Nonprofit

Designated as a Fraternal beneficiary societies and associations, which provide payment of life, sickness, accident or other benefits to members.

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$767M (2022)

Expenses
$735M (2022)

Total Assets
$4.2B (2022)

Total Liabilities
$3.92B (2022)

Source: Form 990 tax filings from 2011 to 2022

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$767,394,993
Expenses
$735,103,377
Net Income
$32,291,616
Net Assets
$288,764,824
Notable Sources of Revenue Percent of Total Revenue
Contributions $10,100
0.0%
Program Services $585,820,367
76.3%
Investment Income $181,716,503
23.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $19,159
0.0%
Net Fundraising $0
Sales of Assets -$202,749
Net Inventory Sales $0
Other Revenue $31,613
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $2,641,803
0.4%
Professional Fundraising Fees $0
Other Salaries and Wages $7,303,992
1.0%
Assets/Debt
Total Assets $4,204,767,754
Total Liabilities $3,916,002,930
Net Assets $288,764,824
Compensation
Key Employees and Officers Compensation Related Other
William W Hunt (Chief Executive Officer) $625,491 $0 $38,807
Lesley Mann (Chief Marketing Officer) $426,759 $0 $34,883
Timothy King (Svp Investments) $384,693 $0 $24,153
Mark Cloutier (Chief Financial Officer) $301,756 $0 $23,712
Deborah L Morgan (Vice President Of Operations) $222,825 $0 $31,675
Douglas A Ulrich (Controller) $215,845 $0 $17,985
Ricardo Rodriguez (Avp Human Resources) $194,132 $0 $28,651
Kyle Fulton (It Director) $182,648 $0 $16,031
Damien Feiklowicz (Dir Of Business Intelligence) $153,884 $0 $9,505
Lisa Morris (Chief Underwriter) $152,205 $0 $14,886
Antoinette Blair (Director Of Compliance) $147,619 $0 $2,638
Lee Ann Hazi (Nat'l Director / Board Chair) $73,100 $0 $0
Christina E Mackellar (National Director) $48,592 $0 $0
David L Pringle (National Director) $40,512 $0 $0
David E Bevins (National Director) $34,000 $0 $0
Donna L Brophy (National Director) $33,265 $0 $0
John B Schmotzer (National Director) $32,250 $0 $0
Joseph S Bielecki (National Director) $31,500 $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$647,407,741
Expenses
$621,002,178
Net Income
$26,405,563
Net Assets
$266,111,598
Notable Sources of Revenue Percent of Total Revenue
Contributions $21,956
0.0%
Program Services $485,894,617
75.1%
Investment Income $161,278,730
24.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $52,824
0.0%
Net Fundraising $0
Sales of Assets $52,858
0.0%
Net Inventory Sales $0
Other Revenue $106,756
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $2,363,028
0.4%
Professional Fundraising Fees $0
Other Salaries and Wages $4,789,552
0.8%
Assets/Debt
Total Assets $3,781,723,351
Total Liabilities $3,515,611,753
Net Assets $266,111,598
Compensation
Key Employees and Officers Compensation Related Other
William W Hunt (Chief Executive Officer) $537,149 $0 $28,104
Lesley Mann (Svp/Cmo) $378,680 $0 $10,410
Timothy King (Vp/Chief Investment Officer) $305,312 $0 $24,553
Matthew M Blistan Jr (National Vice President) $225,903 $0 $24,506
Deborah L Morgan (Vice President Of Operations) $213,800 $0 $25,740
Douglas A Ulrich (Vice President/Controller) $210,983 $0 $8,215
Ricardo Rodriguez (Sr Director Human Resources) $177,683 $0 $20,742
Kyle Fulton (Senior Director It) $170,530 $0 $12,821
Michael Tunny (Chief Underwriter) $163,294 $0 $22,655
Kirk Dietrich (National Sales Manager) $145,883 $0 $24,987
Karen Potkul (Tech Solutions Imp Manager) $128,773 $0 $9,732
Mark Cloutier (Svp/Chief Financial Officer) $102,940 $0 $2,403
Lee Ann Hazi (Nat'l Director / Board Chair) $70,300 $0 $0
Christina E Mackellar (National Director) $41,336 $0 $0
David L Pringle (National Director) $38,082 $0 $0
Joseph S Bielecki (National Director) $29,244 $0 $0
David E Bevins (National Director) $29,000 $0 $0
Donna L Brophy (National Director) $28,373 $0 $0
John B Schmotzer (National Director) $28,000 $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$617,690,475
Expenses
$598,531,090
Net Income
$19,159,385
Net Assets
$248,145,684
Notable Sources of Revenue Percent of Total Revenue
Contributions $36,715
0.0%
Program Services $467,078,953
75.6%
Investment Income $157,063,193
25.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $112,855
0.0%
Net Fundraising $0
Sales of Assets -$6,601,241
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $2,230,085
0.4%
Professional Fundraising Fees $0
Other Salaries and Wages $3,471,309
0.6%
Assets/Debt
Total Assets $3,433,633,566
Total Liabilities $3,185,487,882
Net Assets $248,145,684
Compensation
Key Employees and Officers Compensation Related Other
William W Hunt (Ceo) $532,550 $0 $17,236
Lesley Mann (Chief Marketing Officer) $357,023 $0 $2,000
Timothy King (Vp/Chief Investment Officer) $306,821 $0 $13,844
Douglas A Ulrich (Vice President/Controller) $234,411 $0 $10,945
Deborah L Morgan (Vice President Of Operations) $228,446 $0 $12,880
Matthew M Blistan Jr (National Vice President) $219,226 $0 $20,035
Ricardo Rodriguez (Sr Director Human Resources) $158,156 $0 $7,700
Michael Tunney (Chief Underwriter) $152,211 $0 $3,145
Karen Potkul (Project Management) $136,421 $0 $8,772
Lea Ann Hazi (Nat'l Director / Board Chair) $70,425 $0 $0
Christina E Mackellar (National Director) $49,654 $0 $0
David L Pringle (National Director) $39,139 $0 $0
Donna L Brophy (National Director) $30,685 $0 $0
David E Bevins (National Director) $30,015 $0 $0
John B Schmotzer (National Director) $27,500 $0 $0
Joseph S Bielecki (National Director) $27,250 $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$620,138,802
Expenses
$589,557,885
Net Income
$30,580,917
Net Assets
$229,678,034
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $471,337,637
76.0%
Investment Income $149,272,386
24.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $124,222
0.0%
Net Fundraising $0
Sales of Assets -$595,443
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $1,606,728
0.3%
Professional Fundraising Fees $0
Other Salaries and Wages $2,720,476
0.5%
Assets/Debt
Total Assets $3,089,848,154
Total Liabilities $2,860,170,120
Net Assets $229,678,034
Compensation
Key Employees and Officers Compensation Related Other
William W Hunt (Ceo) $427,431 $0 $26,129
Timothy King (Vp/Chief Investment Officer) $253,236 $0 $19,870
Matthew M Blistan Jr (National Vice President) $179,324 $0 $20,145
Douglas A Ulrich (Vice President/Controller) $177,794 $0 $13,068
Deborah L Morgan (Vice President Of Operations) $177,441 $0 $19,634
Ricardo Rodriguez (Hunman Resources Director) $137,214 $0 $11,064
Karen Potkul (Sales) $113,443 $0 $15,412
Michael Tunney (Chief Underwriter) $101,955 $0 $7,231
Lee Ann Hazi (Nat'l Director / Board Chair) $77,050 $0 $0
David L Pringle (National Director) $41,310 $0 $0
Donna L Brophy (National Director) $40,679 $0 $0
Christina E Mackellar (National Director) $38,066 $0 $0
John B Schmotzer (National Director) $33,289 $0 $0
David E Bevins (National Director) $32,500 $0 $0
Joseph S Bielecki (National Director) $29,762 $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$566,952,485
Expenses
$537,573,377
Net Income
$29,379,108
Net Assets
$202,997,117
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $433,891,280
76.5%
Investment Income $132,986,426
23.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $74,779
0.0%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $1,061,436
0.2%
Professional Fundraising Fees $0
Other Salaries and Wages $1,458,620
0.3%
Assets/Debt
Total Assets $2,754,646,706
Total Liabilities $2,551,649,589
Net Assets $202,997,117
Compensation
Key Employees and Officers Compensation Related Other
Timothy King (Vice President/Chief Investment Officer) $230,833 $0 $10,607
Matthew M Blistan Jr (National Vice President) $167,426 $0 $5,676
William W Hunt (Sec/Treas/Ceo) $154,006 $0 $6,136
Douglas A Ulrich (Vice President/Controller) $147,865 $0 $4,100
Deborah L Morgan (Vice President Of Operations) $141,731 $0 $8,607
Karen Potkul (Sales) $111,201 $0 $6,930
Christina E Mac Kellar (Director) $101,410 $0 $0
Lea Ann Hazi (Chairman) $64,800 $0 $0
David L Pringle (Director) $35,026 $0 $0
Donna L Brophy (Director) $24,363 $0 $0
John B Schmotzer (Director) $24,000 $0 $0
Ana E Braun (Director Left Board In 2018) $22,000 $0 $0
Barry E Gorzelsky (Director Left Board In 2018) $22,000 $0 $0
Joseph Bielecki (Director Joined Board In 2018) $12,019 $0 $0
David Bevins (Director Joined Board In 2018) $2,000 $0 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$429,100,284
Expenses
$396,541,165
Net Income
$32,559,119
Net Assets
$183,634,248
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $305,207,592
71.1%
Investment Income $123,550,550
28.8%
Bond Proceeds $0
Royalties $0
Rental Property Income -$39,991
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $382,133
0.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $716,597
0.2%
Professional Fundraising Fees $0
Other Salaries and Wages $1,597,437
0.4%
Assets/Debt
Total Assets $2,456,867,854
Total Liabilities $2,273,233,606
Net Assets $183,634,248
Compensation
Key Employees and Officers Compensation Related Other
James R Stoker (Sec/Treas/Ceo Passed Away Sep. 2017) $242,250 $0 $8,770
Matthew M Blistan Jr (Vice President) $174,336 $0 $5,534
James Laick (National Sales Manager) $132,497 $0 $7,665
Douglas A Ulrich (Controller) $131,380 $0 $3,941
Deborah L Morgan (It Manager) $129,334 $0 $14,719
David L Pringle (Director) $91,085 $0 $0
Lea Ann Hazi (Chairman) $64,800 $0 $0
Christina E Mac Kellar (Director) $29,568 $0 $0
John B Schmotzer (Director) $25,586 $0 $0
Donna L Brophy (Director) $24,654 $0 $0
Ana E Braun (Director) $24,000 $0 $0
Barry E Gorzelsky (Director) $24,000 $0 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$466,967,336
Expenses
$439,679,050
Net Income
$27,288,286
Net Assets
$154,075,129
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $357,788,618
76.6%
Investment Income $109,268,896
23.4%
Bond Proceeds $0
Royalties $0
Rental Property Income -$90,178
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $781,105
0.2%
Professional Fundraising Fees $0
Other Salaries and Wages $1,415,878
0.3%
Assets/Debt
Total Assets $2,192,369,095
Total Liabilities $2,038,293,966
Net Assets $154,075,129

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$353,847,390
Expenses
$327,199,180
Net Income
$26,648,210
Net Assets
$129,686,843
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $257,367,861
72.7%
Investment Income $96,563,631
27.3%
Bond Proceeds $0
Royalties $0
Rental Property Income -$84,102
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $719,228
0.2%
Professional Fundraising Fees $0
Other Salaries and Wages $1,470,991
0.4%
Assets/Debt
Total Assets $1,872,364,567
Total Liabilities $1,742,677,724
Net Assets $129,686,843
Compensation
Key Employees and Officers Compensation Related Other
James R Stoker (Sec/Treas/Ceo) $311,224 $0 $12,177
Matthew M Blistan Jr (Vice President) $158,969 $0 $1,152
Deborah L Morgan (It Manager) $109,620 $0 $12,177
Douglas A Ulrich (Controller) $108,809 $0 $1,152
James Laick (National Sales Man) $103,295 $0 $5,889
Lee Ann Hazi (Chairman) $67,775 $0 $0
David L Pringle (Director) $28,904 $0 $0
Christina E Mac Kellar (Director) $27,952 $0 $0
Donna L Brophy (Director) $26,620 $0 $0
Ana E Braun (Director) $25,850 $0 $0
Barry E Gorzelsky (Director) $23,850 $0 $0
John B Schmotzer (Director) $22,755 $0 $0
Laslo Hamos (Director) $12,000 $0 $0

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$307,301,228
Expenses
$282,203,795
Net Income
$25,097,433
Net Assets
$105,338,132
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $220,338,118
71.7%
Investment Income $87,033,035
28.3%
Bond Proceeds $0
Royalties $0
Rental Property Income -$69,925
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $851,660
0.3%
Professional Fundraising Fees $0
Other Salaries and Wages $1,155,348
0.4%
Assets/Debt
Total Assets $1,630,593,394
Total Liabilities $1,525,255,262
Net Assets $105,338,132
Compensation
Key Employees and Officers Compensation Related Other
James R Stoker (Sec/Treas/Ceo) $293,776 $0 $0
Matthew M Blistan Jr (Vice President) $151,690 $0 $0
Douglas A Ulrich (Controller) $103,563 $0 $0
Deborah L Morgan (It Manager) $100,331 $0 $0
Lee Ann Hazi (Chairman) $61,200 $0 $0
Barry E Gorzelsky (Director) $20,400 $0 $0
Donna L Brophy (Director) $20,400 $0 $0
David L Pringle (Director) $20,400 $0 $0
Ana E Braun (Director) $20,400 $0 $0
John B Schmotzer (Director) $20,400 $0 $0
Laslo Hamos (Director) $18,700 $0 $0
Rosanne J Penzien (Director) $18,700 $0 $0
Christina E Mac Kellar (Director) $1,700 $0 $0

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$299,921,705
Expenses
$279,667,533
Net Income
$20,254,172
Net Assets
$81,050,539
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $224,673,163
74.9%
Investment Income $75,292,101
25.1%
Bond Proceeds $0
Royalties $0
Rental Property Income -$43,559
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $552,141
0.2%
Professional Fundraising Fees $0
Other Salaries and Wages $1,201,978
0.4%
Assets/Debt
Total Assets $1,411,610,965
Total Liabilities $1,330,560,426
Net Assets $81,050,539
Compensation
Key Employees and Officers Compensation Related Other
James R Stoker (Sec/Treas/Ceo) $218,878 $0 $0
Matthew M Blistan Jr (Vice President) $141,263 $0 $0
Lee Ann Hazi (Director) $57,600 $0 $0
Barry E Gorzelsky (Director) $19,200 $0 $0
Donna L Brophy (Director) $19,200 $0 $0
David L Pringle (Director) $19,200 $0 $0
Rosanne N Penzien (Director) $19,200 $0 $0
Ana E Braun (Director) $19,200 $0 $0
John B Schmotzer (Director) $19,200 $0 $0
Laszlo Hamos (Director) $19,200 $0 $0

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$301,297,556
Expenses
$284,292,344
Net Income
$17,005,212
Net Assets
$62,150,527
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $238,486,682
79.2%
Investment Income $62,822,695
20.9%
Bond Proceeds $0
Royalties $0
Rental Property Income -$11,821
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $610,265
0.2%
Professional Fundraising Fees $0
Other Salaries and Wages $1,135,009
0.4%
Assets/Debt
Total Assets $1,185,619,386
Total Liabilities $1,123,468,859
Net Assets $62,150,527

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$242,525,179
Expenses
$231,666,452
Net Income
$10,858,727
Net Assets
$45,727,031
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $190,447,274
78.5%
Investment Income $52,060,980
21.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $240,176
0.1%
Net Fundraising $0
Sales of Assets -$223,251
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $595,112
0.3%
Professional Fundraising Fees $0
Other Salaries and Wages $1,105,904
0.5%
Assets/Debt
Total Assets $954,135,853
Total Liabilities $908,408,822
Net Assets $45,727,031

Document Links

Fiscal Year Ending Dec.
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

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Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
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