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Filing year 2024

GLEANER LIFE INSURANCE SOCIETY

Adrian, Michigan·EIN 38-0580730·8
Total revenue
$45M
Total assets
$1.2B
Total expenses
$51.7M
Reported officers
33
Mission

GLEANER LIFE INSURANCE SOCIETY ("GLEANER") IS A FRATERNAL BENEFIT SOCIETY. ITS MISSION IS TO BE A FRIEND OF THE FAMILY THAT PROVIDES ITS MEMBERS WITH FINANCIAL SECURITY, FRATERNAL BENEFITS, AND VOLUNTEER OPPORTUNITIES SERVED WITH INTEGRITY, RESPECT, AND ACCOUNTABILITY. THE PURPOSE OF THE BOARD OF DIRECTORS OF GLEANER LIFE INSURANCE SOCIETY (ON BEHALF OF OUR MEMBERS) IS TO PROVIDE LEADERSHIP AND MAINTAIN A SYSTEM OF GOVERNANCE SO THAT THE SOCIETY ACHIEVES ITS MISSION AND AVOIDS UNACCEPTABLE ACTIONS AND SITUATIONS. THE "CORE BOARD VALUES" ARE: - GOOD PEOPLE DOING GOOD THINGS - LEADERSHIP - ETHICAL WITH INTEGRITY - ACCOUNTABLE TO OUR MEMBERS - NOW AND FOR THE FUTURE - EQUALITY OF ALL MEMBERS - RESPECT AND VALUE RELATIONSHIPS - SERVE AND CARE FOR OUR MEMBERS GLEANER PROVIDES LIFE, SICKNESS, ACCIDENT, AND OTHER BENEFITS TO ITS MEMBERS. THROUGH 63 ACTIVE ARBORS BENEVOLENT AND FRATERNAL ACTS ARE PERFORMED. COORDINATION OF MEMBERS, ORPHAN BENEFITS, SCHOLARSHIPS (THROUGH GLEANER LIFE INSURANCE

Executive compensation, broken down

Form 990 · Schedule J · 32 reported individuals · Filing year 2024

Former Pres.
officer (unspecified)
$294k
$316k
Base
$270k
Bonus
Other
$2k
Benefits
$22k
Former VP Co
vice president
$201k
$217k
Base
$93k
Bonus
$60k
Other
$34k
Benefits
$14k
Regional Sal
highest compensated employee
$182k
$196k
Base
$118k
Bonus
$13k
Other
$26k
Benefits
$26k
Former Pres.
officer (unspecified)
$179k
$193k
Base
$147k
Bonus
$10k
Other
$808
Benefits
$21k
$178k
$191k
Base
$155k
Bonus
Other
$4k
Benefits
$19k
Development
highest compensated employee
$173k
$186k
Base
$144k
Bonus
$1k
Other
$821
Benefits
$27k
VP Chief HR
vice president
$170k
$183k
Base
$153k
Bonus
Other
$2k
Benefits
$15k
AVP Undw & N
officer (unspecified)
$168k
$180k
Base
$136k
Bonus
$3k
Other
$2k
Benefits
$27k
AVP IT Dev &
officer (unspecified)
$162k
$174k
Base
$138k
Bonus
$3k
Other
$2k
Benefits
$19k
App Dev & Da
highest compensated employee
$159k
$172k
Base
$131k
Bonus
$1k
Other
$815
Benefits
$27k
App Dev & Da
highest compensated employee
$159k
$171k
Base
$131k
Bonus
$1k
Other
$805
Benefits
$26k
Former AVP S
officer (unspecified)
$158k
$170k
Base
$96k
Bonus
$32k
Other
$20k
Benefits
$10k
VP Operation
vice president
$152k
$163k
Base
$141k
Bonus
Other
$2k
Benefits
$10k
AVP IT Opera
officer (unspecified)
$144k
$155k
Senior Softw
highest compensated employee
$133k
$143k
Former Reg S
former officer/director/trustee
$119k
$128k
Base
$88k
Bonus
$13k
Other
$1k
Benefits
$17k
Former SVP N
senior vice president
$110k
$119k
AVP Member S
officer (unspecified)
$106k
$114k
Former AVP F
officer (unspecified)
$100k
$108k
Chair
board chair
$28k
$30k
Vice Chair
board vice chair
$25k
$27k
Director
board member
$25k
$26k
Director
board member
$18k
$19k
Director
board member
$16k
$18k
Director
board member
$16k
$18k
Director
board member
$13k
$14k
Former Direc
board member
$12k
$13k
Director
board member
$11k
$12k
Former Direc
board member
$11k
$12k
Former Direc
board member
$10k
$11k
Former Direc
board member
$8k
$9k
Former Direc
board member
$7k
$8k

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the Midwest region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 1 unpaid individual.

Down 17%
from 2023

From $356k in 2023 to $294k in 2024.

$356k
2023
$294k
2024
In today's dollarsEst.
Down 20% in real terms$393k to $316k

Estimated with BLS CPI-U for the Midwest region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend

Revenue and expenses over time

GLEANER LIFE INSURANCE SOCIETY reported revenue and expenses across 2 filing years.

RevenueExpenses
$151.3M
$153.5M
2023
$45M
$51.7M
2024
Total revenue and total expenses from IRS Form 990 filings.
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