United States Letter Carriers Mutual Benefit Association

Washington, DC
Tax-exempt since May 1940
EIN: 62-0476257

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Type of Nonprofit

Designated as a 501(c)(5) Labor, agricultural and horticultural organizations that are educational or instructive, including unions, created for the purpose of improving conditions of work, and products of efficiency.

Donations to this organization are not tax deductible.

Revenue

$26.1M (2024)

Expenses

$22.9M (2024)

Total Assets

$257M (2024)

Total Liabilities

$210M (2024)

Source: Form 990 tax filings from 2011 to 2024

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.
2024

Revenue

$26,077,967

Expenses

$22,930,223

Net Income

$3,147,744

Net Assets

$47,283,553

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$12,939,915	49.6%
Investment Income	$9,319,873	35.7%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$3,818,179	14.6%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$289,340	1.3%
Professional Fundraising Fees	$0
Other Salaries and Wages	$981,142	4.3%

Assets/Debt
Total Assets	$257,078,132
Total Liabilities	$209,794,579
Net Assets	$47,283,553

Compensation

Key Employees and Officers	Compensation	Related	Other
Jim Yates (Director Of Life Insurance)	$218,828	$0	$114,586
Daniel Gorelik (Senior Staff)	$134,840	$0	$62,216
Lawrence Winfield (Senior Staff)	$124,838	$0	$82,021
Brian Renfroe (President Nalc)	$0	$273,475	$62,014
Charles Heege (Trustee)	$0	$42,970	$84,633
Sandra Laemmel (Trustee)	$0	$43,289	$79,592
Lawrence D Brown Jr (Chairman/Trustee)	$0	$43,605	$9,181

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990

Filed on Nov. 4, 2025

Primary tax return for a nonprofit’s activities, finances, and governance

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Fiscal Year Ending Dec.
2023

Revenue

$26,976,258

Expenses

$24,036,281

Net Income

$2,939,977

Net Assets

$42,965,356

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$13,979,888	51.8%
Investment Income	$9,520,519	35.3%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$3,475,851	12.9%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$288,770	1.2%
Professional Fundraising Fees	$0
Other Salaries and Wages	$1,024,669	4.3%

Assets/Debt
Total Assets	$259,578,677
Total Liabilities	$216,613,321
Net Assets	$42,965,356

Compensation

Key Employees and Officers	Compensation	Related	Other
Jim Yates (Director Of Life Insurance)	$219,733	$0	$96,874
Daniel Gorelik (Senior Staff)	$130,841	$0	$54,705
Lawrence Winfield (Senior Staff)	$118,030	$0	$70,634
Brian Renfroe (President Nalc)	$0	$272,001	$50,361
Sandra Laemmel (Trustee)	$0	$43,268	$77,965
Charles Heege (Trustee)	$0	$42,312	$61,469
Lawrence D Brown Jr (Chairman/Trustee)	$0	$44,236	$8,753

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990

Filed on Nov. 15, 2024

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Fiscal Year Ending Dec.
2022

Revenue

$30,807,068

Expenses

$32,751,858

Net Income

-$1,944,790

Net Assets

$39,232,662

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$19,949,727	64.8%
Investment Income	$9,649,428	31.3%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$1,207,913	3.9%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$275,922	0.8%
Professional Fundraising Fees	$0
Other Salaries and Wages	$1,073,640	3.3%

Assets/Debt
Total Assets	$265,140,459
Total Liabilities	$225,907,797
Net Assets	$39,232,662

Compensation

Key Employees and Officers	Compensation	Related	Other
Jim Yates (Director Of Life Insurance)	$210,125	$0	$91,038
Daniel Gorelik (Senior Staff)	$124,291	$0	$32,471
Lawrence Winfield (Senior Staff)	$109,426	$0	$103,573
Fredric V Rolando (President Nalc (Thru 12/17/22))	$0	$272,984	$17,432
Brian Renfroe (President Nalc)	$0	$220,990	$42,001
Mack I Julion (Trustee (Thru 12/17/22))	$0	$46,798	$68,205
Sandra Laemmel (Trustee)	$0	$41,129	$45,508
Lawrence D Brown Jr (Chairman/Trustee)	$0	$42,309	$12,125
Charles Heege (Trustee)	$0	$1,784	$0

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990

Filed on Nov. 6, 2023

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Fiscal Year Ending Dec.
2021

Revenue

$28,099,486

Expenses

$26,161,989

Net Income

$1,937,497

Net Assets

$47,474,094

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$13,661,053	48.6%
Investment Income	$10,260,883	36.5%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$4,177,550	14.9%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$272,275	1.0%
Professional Fundraising Fees	$0
Other Salaries and Wages	$1,029,054	3.9%

Assets/Debt
Total Assets	$276,306,409
Total Liabilities	$228,832,315
Net Assets	$47,474,094

Compensation

Key Employees and Officers	Compensation	Related	Other
Jim Yates (Director Of Life Insurance)	$203,837	$0	$70,611
Daniel Gorelik (Senior Staff)	$118,131	$0	$43,913
Lawrence Winfield (Senior Staff)	$104,060	$0	$101,799
Fredric V Rolando (President Nalc)	$0	$256,126	$60,189
Mack I Julion (Trustee)	$0	$37,971	$63,247
Lawrence D Brown Jr (Chairman/Trustee)	$0	$40,636	$4,932
Michael Gill (Trustee)	$0	$35,005	$4,894

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990

Filed on Nov. 9, 2022

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Fiscal Year Ending Dec.
2020

Revenue

$27,815,309

Expenses

$29,124,953

Net Income

-$1,309,644

Net Assets

$43,656,110

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$14,573,054	52.4%
Investment Income	$9,747,320	35.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$3,494,935	12.6%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$259,541	0.9%
Professional Fundraising Fees	$0
Other Salaries and Wages	$1,083,879	3.7%

Assets/Debt
Total Assets	$264,506,268
Total Liabilities	$220,850,158
Net Assets	$43,656,110

Compensation

Key Employees and Officers	Compensation	Related	Other
Jim Yates (Director Of Life Insurance)	$193,536	$0	$56,901
Daniel Gorelik (Senior Staff)	$116,167	$0	$48,640
Lawrence Winfield (Senior Staff)	$103,245	$0	$22,299
Mary Fleshman (Administrator)	$100,335	$0	$96,855
Fredric V Rolando (President Nalc)	$0	$245,618	$48,728
Mack I Julion (Trustee)	$0	$36,455	$48,879
Lawrence D Brown Jr (Chairman/Trustee)	$0	$41,036	$4,638
Michael Gill (Trustee)	$0	$41,098	-$5,991

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990

Filed on Nov. 11, 2021

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Fiscal Year Ending Dec.
2019

Revenue

$24,886,108

Expenses

$23,739,425

Net Income

$1,146,683

Net Assets

$44,252,297

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$13,276,467	53.3%
Investment Income	$9,812,901	39.4%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$1,796,740	7.2%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$216,158	0.9%
Professional Fundraising Fees	$0
Other Salaries and Wages	$1,033,943	4.4%

Assets/Debt
Total Assets	$260,157,380
Total Liabilities	$215,905,083
Net Assets	$44,252,297

Compensation

Key Employees and Officers	Compensation	Related	Other
Jim Yates (Director Of Life Insurance)	$189,603	$0	$40,574
Daniel Gorelik (Senior Staff)	$111,211	$0	$44,830
Fredric V Rolando (President Nalc)	$0	$238,179	$51,613
Mack I Julion (Trustee)	$0	$35,409	$40,640
Lawrence D Brown Jr (Chairman/Trustee)	$0	$40,032	$8,669
Michael Gill (Trustee)	$0	$44,962	-$6,316

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990

Filed on Oct. 26, 2020

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Fiscal Year Ending Dec.
2018

Revenue

$23,923,595

Expenses

$24,638,372

Net Income

-$714,777

Net Assets

$38,659,637

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$13,827,367	57.8%
Investment Income	$9,590,470	40.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$505,758	2.1%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$207,071	0.8%
Professional Fundraising Fees	$0
Other Salaries and Wages	$1,292,039	5.2%

Assets/Debt
Total Assets	$254,550,393
Total Liabilities	$215,890,756
Net Assets	$38,659,637

Compensation

Key Employees and Officers	Compensation	Related	Other
Myra Warren (Dir Of Life Ins (Thru 12/1/18))	$188,772	$0	$132,981
Daniel Gorelik (Senior Staff)	$108,059	$0	$44,107
Jim Yates (Dir Of Life Ins (Eff 12/1/18))	$14,428	$67,773	$23,082
Lawrence D Brown Jr (Chairman/Trustee)	$0	$39,299	$11,357
Michael Gill (Trustee)	$0	$44,968	$45
Mack I Julion (Trustee (Eff 5/21/18))	$0	$30,069	$31,865
Fredric V Rolando (President Nalc)	$0	$232,638	$51,828

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990

Filed on Nov. 15, 2019

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Fiscal Year Ending Dec.
2017

Revenue

$25,810,842

Expenses

$25,190,488

Net Income

$620,354

Net Assets

$41,242,594

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$15,241,627	59.1%
Investment Income	$9,491,496	36.8%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$1,077,719	4.2%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$224,531	0.9%
Professional Fundraising Fees	$0
Other Salaries and Wages	$1,169,134	4.6%

Assets/Debt
Total Assets	$251,526,203
Total Liabilities	$210,283,609
Net Assets	$41,242,594

Compensation

Key Employees and Officers	Compensation	Related	Other
Myra Warren (Director Of Life Insurance)	$187,075	$0	$0
Daniel Gorelik (Senior Staff)	$108,230	$0	$18,030
Lawrence D Brown Jr (Chairman/Trustee)	$0	$37,386	$0
Michael Gill (Trustee)	$0	$39,457	$0
Randall L Keller (Trustee)	$0	$41,806	$0
Fredric V Rolando (President Nalc)	$0	$220,890	$2,600

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990

Filed on Nov. 16, 2018

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Fiscal Year Ending Dec.
2016

Revenue

$24,826,293

Expenses

$25,745,374

Net Income

-$919,081

Net Assets

$38,663,961

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$14,923,497	60.1%
Investment Income	$9,383,556	37.8%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$519,240	2.1%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$214,051	0.8%
Professional Fundraising Fees	$0
Other Salaries and Wages	$1,144,347	4.4%

Assets/Debt
Total Assets	$243,945,099
Total Liabilities	$205,281,138
Net Assets	$38,663,961

Compensation

Key Employees and Officers	Compensation	Related	Other
Myra Warren (Director Of Life Insurance)	$183,516	$0	$113,968
Daniel Gorelik (Senior Staff)	$106,088	$0	$54,468
Lawrence D Brown Jr (Chairman/Trustee)	$0	$37,134	$9,482
Michael Gill (Trustee)	$0	$34,329	$43,970
Randall L Keller (Trustee)	$0	$40,869	$8,911
Fredric V Rolando (President Nalc)	$0	$218,635	$63,861

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990

Filed on Nov. 10, 2017

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Fiscal Year Ending Dec.
2015

Revenue

$24,729,061

Expenses

$24,721,744

Net Income

$7,317

Net Assets

$37,712,953

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$14,669,617	59.3%
Investment Income	$9,362,939	37.9%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$696,505	2.8%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$216,205	0.9%
Professional Fundraising Fees	$0
Other Salaries and Wages	$1,121,236	4.5%

Assets/Debt
Total Assets	$239,608,223
Total Liabilities	$201,895,270
Net Assets	$37,712,953

Compensation

Key Employees and Officers	Compensation	Related	Other
Myra Warren (Director Of Life Insurance)	$178,916	$0	$121,908
Daniel Gorelik (Senior Staff)	$105,186	$0	$50,132
Lawrence D Brown Jr (Chairman/Trustee)	$0	$35,582	$9,745
Michael Gill (Trustee)	$0	$32,777	$124,738
Randall L Keller (Trustee)	$0	$38,274	$8,714
Fredric V Rolando (President Nalc)	$0	$215,681	$95,834

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990

Filed on Nov. 14, 2016

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Fiscal Year Ending Dec.
2014

Revenue

$32,504,394

Expenses

$28,404,059

Net Income

$4,100,335

Net Assets

$37,648,121

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$15,023,668	46.2%
Investment Income	$9,122,102	28.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$5,371,133	16.5%
Net Inventory Sales	$0
Other Revenue	$2,987,491	9.2%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$214,910	0.8%
Professional Fundraising Fees	$0
Other Salaries and Wages	$1,148,801	4.0%

Assets/Debt
Total Assets	$234,166,862
Total Liabilities	$196,518,741
Net Assets	$37,648,121

Compensation

Key Employees and Officers	Compensation	Related	Other
Myra Warren (Director)	$178,601	$0	$76,525
Daniel Gorelik (Senior Staff)	$104,709	$0	$40,304
Lawrence D Brown Jr (Chairman/Trustee)	$0	$37,663	$6,351
Michael Gill (Trustee)	$0	$34,520	$86,675
Randall L Keller (Trustee)	$0	$43,446	$3,693
Fredric V Rolando (President Nalc)	$0	$223,400	$167,614

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990

Filed on Nov. 15, 2015

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Fiscal Year Ending Dec.
2013

Revenue

$25,487,578

Expenses

$24,776,942

Net Income

$710,636

Net Assets

$36,751,002

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$14,582,325	57.2%
Investment Income	$8,928,516	35.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$1,043,402	4.1%
Net Inventory Sales	$0
Other Revenue	$933,335	3.7%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$214,291	0.9%
Professional Fundraising Fees	$0
Other Salaries and Wages	$1,076,069	4.3%

Assets/Debt
Total Assets	$223,632,124
Total Liabilities	$186,881,122
Net Assets	$36,751,002

Compensation

Key Employees and Officers	Compensation	Related	Other
Myra Warren (Director)	$170,606	$0	$57,284
Lawrence D Brown Jr (Chairman/Trustee)	$0	$35,965	$1,906
Michael Gill (Trustee)	$0	$33,009	$73,965
Randall L Keller (Trustee)	$0	$39,043	-$2,403
Fredric V Rolando (President Nalc)	$0	$214,413	$154,749

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990

Filed on Nov. 6, 2014

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Fiscal Year Ending Dec.
2012

Revenue

$26,190,574

Expenses

$24,810,327

Net Income

$1,380,247

Net Assets

$31,904,178

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$14,803,984	56.5%
Investment Income	$9,102,765	34.8%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$1,216,785	4.6%
Net Inventory Sales	$0
Other Revenue	$1,067,040	4.1%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$209,599	0.8%
Professional Fundraising Fees	$0
Other Salaries and Wages	$1,168,928	4.7%

Assets/Debt
Total Assets	$210,592,896
Total Liabilities	$178,688,718
Net Assets	$31,904,178

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Revenue

$25,400,983

Expenses

$25,048,335

Net Income

$352,648

Net Assets

$28,731,366

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$14,225,103	56.0%
Investment Income	$9,246,306	36.4%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	-$211,346
Net Inventory Sales	$0
Other Revenue	$2,140,920	8.4%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$212,497	0.8%
Professional Fundraising Fees	$0
Other Salaries and Wages	$1,087,310	4.3%

Assets/Debt
Total Assets	$200,260,012
Total Liabilities	$171,528,646
Net Assets	$28,731,366

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.

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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.

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United States Letter Carriers Mutual Benefit Association

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $26.1M (2024)

Expenses $22.9M (2024)

Total Assets $257M (2024)

Total Liabilities $210M (2024)

Tax Filings by Year

Fiscal Year Ending Dec. 2024

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

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990

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

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990

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

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990

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

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990

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

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990

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

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990

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

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990

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

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Revenue

$26.1M (2024)

Expenses

$22.9M (2024)

Total Assets

$257M (2024)

Total Liabilities

$210M (2024)

Fiscal Year Ending Dec.
2024

Fiscal Year Ending Dec.
2023

Fiscal Year Ending Dec.
2022

Fiscal Year Ending Dec.
2021

Fiscal Year Ending Dec.
2020

Fiscal Year Ending Dec.
2019

Fiscal Year Ending Dec.
2018

Fiscal Year Ending Dec.
2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

Fiscal Year Ending Dec.
2010

Fiscal Year Ending Dec.
2009

Fiscal Year Ending Dec.
2008

Fiscal Year Ending Dec.
2007

Fiscal Year Ending Dec.
2006

Fiscal Year Ending Dec.
2005

Fiscal Year Ending Dec.
2004