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Filing year 2024

LIFE BENEFIT PLAN

Brooklyn, New York·EIN 11-1708617·9
Total revenue
$4.9M
Total assets
$5.2M
Total expenses
$4.9M
Reported officers
5
Mission

TO PROVIDE HOSPITAL, MEDICAL, DENTAL, OPTICAL, ACCIDENTAL DEATH AND DISMEMBERMENT INSURANCE AND OTHER BENEFITS TO PARTICIPANTS AND THEIR BENEFICIARIES.

Executive compensation, broken down

Form 990 · Schedule J · 5 reported individuals · Filing year 2024

Percentile bands compare each position's total pay with the same role at nonprofits nationwide, across all sectors.

Fund Administrator
Unclassified
$422k
$456k
Base
$344k
Bonus
Other
Benefits
$48k
Office Manager
Unclassified
$205k
$222k
Base
$193k
Bonus
Other
Benefits
$5k
Director of Labor
Unclassified
$47k
$51k
Trustee
Board Member
Median to 75th percentile
$19k
$20k
Nv - Trustee
Board Member
25th percentile to median
$16k
$18k

Teal figures restate each filed amount in 2026 dollars.

Estimated with New York-Newark-Jersey City, NY-NJ-PA metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Up 7%
from 2023

From $393k in 2023 to $422k in 2024.

$393k
2023
$422k
2024
In today's dollarsEst.
Up 4% in real terms$441k to $456k

Estimated with New York-Newark-Jersey City, NY-NJ-PA metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Board Member pay rose 2% from 2023 to 2024, while revenue held roughly steady.

$18k in 2023 to $19k in 2024.

Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.

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

Revenue and expenses over time

LIFE BENEFIT PLAN reported revenue and expenses across 2 filing years.

RevenueExpenses
$4.9M
$4.6M
2023
$4.9M
$4.9M
2024
Total revenue and total expenses from IRS Form 990 filings.
FAQ

Common questions about LIFE BENEFIT PLAN

What does the Board Member of LIFE BENEFIT PLAN earn?

In 2024, the Board Member of LIFE BENEFIT PLAN received $18,608 in total compensation. This pay is above the median (the midpoint) for Board Member roles among nonprofits nationwide, across all sectors, within the top half of comparable filings. Based on IRS Form 990 data.

How does Board Member pay at LIFE BENEFIT PLAN compare with similar nonprofits?

Compared with the same role at nonprofits nationwide, across all sectors, the 2024 pay of the Board Member at LIFE BENEFIT PLAN falls between the median and the 75th percentile.

What are LIFE BENEFIT PLAN's revenue and expenses?

In 2024, LIFE BENEFIT PLAN reported $4.9M in total revenue and $4.9M in total expenses on its IRS Form 990.

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