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INDEPENDENT ORDER OF FORESTERS

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Public IRS 990 nonprofit record

INDEPENDENT ORDER OF FORESTERS

EIN 98-0000680 · Student Sororities & Fraternities (B83)

What they do

Foresters is A Fraternal Benefit Society That Provides Financial Services Products and Unique Benefits to Its Members and Their Families. Through Its Member-governed Branch Network, Foresters Members Are Provided Opportunities to Organize and Participate In Local Volunteer Activities and Family-focused Events. Within This Model of Community Service, Foresters Lives Its Purpose of Enhancing The Well-being of Its Members, Their Families and Their Local Communities.

Before you give

Should I give to this charity?

Easy charity check
Look at where the money went

Of every $100 spent, about $100.00 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders50 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

91.20%of revenue went to mission work100.0% of expenses · Program services
$91.20spent for every $100 of revenueRevenue covered expenses this year.
$6.81in assets for every $1 spent this yearSome assets cannot be spent right away.

Ask these three easy questions

  1. Who did you help? Ask for a recent story or report that shows real results.
  2. What will my money do? Ask exactly what your gift will pay for.
  3. Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $1,029,578 for MATTHEW BERMAN (PRESIDENT AND CHIEF EXECUTIVE OFFICER). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$835,751,204
Mission workProgram services$762,172,58091.20% of revenue100.0% of expenses
ManagementOffice and general costs0.00% of revenue0.0% of expenses
FundraisingAsking for donations0.00% of revenue0.0% of expenses
Revenue left after expensesReported annual surplus$73,578,6248.80% of revenueShown in gray on the chart
Total expenses$762,172,58091.20% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails
2024CurrentExpense mix: 100.0% mission · 0.0% management · 0.0% fundraisingTotal expenses: 91.20% of revenue
2023Expense mix: 100.0% mission · 0.0% management · 0.0% fundraisingTotal expenses: 87.69% of revenue
2022Expense mix: 100.0% mission · 0.0% management · 0.0% fundraisingTotal expenses: 89.75% of revenue
2021Expense mix: 100.0% mission · 0.0% management · 0.0% fundraisingTotal expenses: 119.16% of revenue
2020Expense mix: 100.0% mission · 0.0% management · 0.0% fundraisingTotal expenses: 97.40% of revenue
2019Expense mix: 100.0% mission · 0.0% management · 0.0% fundraisingTotal expenses: 86.10% of revenue
2018Expense mix: 100.0% mission · 0.0% management · 0.0% fundraisingTotal expenses: 101.41% of revenue
2017Expense mix: 100.0% mission · 0.0% management · 0.0% fundraisingTotal expenses: 108.54% of revenue

Money in and money out

Revenue$835,751,204
Expenses$762,172,580
Annual surplus $73,578,624 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$762,172,580 · 100.0% of expenses
See all reported dollar amounts
Revenue$835,751,204
Expenses$762,172,580
Assets$5,193,474,694
Income$835,751,204
Mission work (program services)$762,172,580
Grants given$19,448,676
Average grant$589,354
Stocks and bonds$3,785,290,600
Accounting fees$2,729,987
People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation
MATTHEW BERMANPRESIDENT AND CHIEF EXECUTIVE OFFICER · 50 hrs/week $1,029,578
RENE ZANINCHIEF LEGAL, ADMINISTRATIVE & MEMBERSHIP OFFICER · 50 hrs/week $829,308
ALVIN SHARMAGLOBAL CHIEF FINANCIAL OFFICER · 50 hrs/week $777,677
MEHUL KAPADIAGLOBAL CHIEF INFORMATION AND OPERATIONS OFFICER · 50 hrs/week $697,502
MARK RUSHCHIEF DISTRIBUTION OFFICER, US SALES · 50 hrs/week $511,780
CLARK WAGNERCHIEF INVESTMENT OFFICER · 50 hrs/week $412,500
TRUDY ENGELVICE PRESIDENT AND APPOINTED ACTUARY · 50 hrs/week $366,563
PARKER BROWNGENERAL COUNSEL & VICE PRESIDENT, DATA GOVERNANCE · 50 hrs/week $356,401
PATRICIA COLAVITASVP AND CHIEF INTERNAL AUDITOR · 50 hrs/week $351,895
SUJEETHER KUMARESWARANVICE PRESIDENT, CAPITAL, BUSINESS PLANNING AND STR · 50 hrs/week $347,757
CAROLINE RENDALLCHIEF RISK OFFICER · 50 hrs/week $342,280
DANIEL FORTINDIRECTOR · 5 hrs/week $307,777

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (50)

MATTHEW BERMANPRESIDENT AND CHIEF EXECUTIVE OFFICER

RENE ZANINCHIEF LEGAL, ADMINISTRATIVE & MEMBERSHIP OFFICER

ALVIN SHARMAGLOBAL CHIEF FINANCIAL OFFICER

MEHUL KAPADIAGLOBAL CHIEF INFORMATION AND OPERATIONS OFFICER

MARK RUSHCHIEF DISTRIBUTION OFFICER, US SALES

CLARK WAGNERCHIEF INVESTMENT OFFICER

TRUDY ENGELVICE PRESIDENT AND APPOINTED ACTUARY

PARKER BROWNGENERAL COUNSEL & VICE PRESIDENT, DATA GOVERNANCE

PATRICIA COLAVITASVP AND CHIEF INTERNAL AUDITOR

SUJEETHER KUMARESWARANVICE PRESIDENT, CAPITAL, BUSINESS PLANNING AND STR

CAROLINE RENDALLCHIEF RISK OFFICER

DANIEL FORTINDIRECTOR

CINDY WANGINTERIM EXECUTIVE HEAD, CAN OP

KELLY STEINMETZAVP, US SALES

MEGHAN SEYBOLDVP, PEOPLE & CULTURE

CHARLES MORRISONAVP, US SALES

BRUCE BURAKAVP, US SALES

DOUGLAS PARROTTASSISTANT VICE PRESIDENT, CHIEF UNDERWRITER-NORTH

JULIA FANTILLIVP, US CUSTOMER SERVICE AND NEW BUSINESS

BALINA BAWAVICE PRESIDENT, GLOBAL TAX COMPLIANCE AND PLANNING

DAVID SULLIVANAVP, CLAIMS, COMPENSATION AND CONTRACTING

TERENCE CHANVICE PRESIDENT, FINANCE

IAN COLLINSCHIEF COMPLIANCE & PRIVACY OFFICER AND ASSOCIATE G

JEREMY WINGVICE PRESIDENT, PRICING AND ADVANCED ANALYTICS

JS LEDOUXASSISTANT VICE PRESIDENT, PRODUCT MANAGEMENT

RICHARD HENNICKDIRECTOR

NAGESH CHAWLAVICE PRESIDENT, ENTERPRISE TECHNOLOGY AND CYBERSEC

GERRY SALVATOREASSISTANT VICE PRESIDENT, SALES OPERATIONS & BUSIN

LINDA WATTERSDIRECTOR

WENDY MAOASSISTANT VICE PRESIDENT, US REPORTING

VIVIAN YIPASSISTANT VICE PRESIDENT, FINANCIAL RISK MANAGEMEN

KELLY SHUMAVP, FINANCIAL MANAGEMENT OPERATIONS

KRIS SARKISSIANAVP, IT OPERATIONS

NADINE KUHLKAMPVP, MARKETING & COMMUNICATIONS

ZOL MELLARYAVP, PROJECT MANAGEMENT OFFICE

NOEL MAKVICE PRESIDENT

AZIZ RGUIGUEVICE PRESIDENT

TERRY CHANAVP, BUSINESS PLANNING AND ALM

VALERIE HOWESCHIEF AML OFFICER, SPECIAL INVESTIGATIONS & CONSUM

KATHERINE BARDSWICKDIRECTOR

SONIA BAXENDALEDIRECTOR

JANICE MADONDIRECTOR

GINO SCAPILLATIDIRECTOR

MICHAEL EDGEDIRECTOR

CINDY WORLEYDIRECTOR

WENDY WATSONDIRECTOR

MICHAEL STRAMAGLIADIRECTOR

MICHAEL LOMBARDIDIRECTOR

SHELLY HERMANDIRECTOR

ROBERT WIGHTDIRECTOR

About this charity

Recognized since
January 1966
Location
M3C 1T9 TORONTO ONTARIO, CANADA, CA
County
Sonoma
In care of
% 789 DON MILLS RD
Primary officer
Balina Bawa, VP, Global Tax Compliance&Planning

How to reach them

Filing and classification

Latest tax year
2024
Tax period began
January 1, 2024
Return type
990
NTEE classification
Student Sororities & Fraternities (B83)
IRS tax category
Student Sororities & Fraternities
Grant-giving organization
Yes

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About this report: Information comes from public nonprofit records and may show the latest filing available.

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